Today we are proud to announce that we invested in Bumper from Indx Capital. After talking to the team behind Bumper and learning more about the technology, we realized the vast potential for growth and adoption in what is still a young space. This project fully aligns with our investment strategy at ChainLayer, and we are excited about the future of the Bumper protocol.

Bumper is a DeFi price protection protocol built on Ethereum, created by INDX and the company that designed Havven (which independently evolved into Synthetix).

Bumper protects the price of crypto assets (ETH at launch) by providing…

Its been a while since we released a blog post. So while we’re working on the Phase 2 testnet we thought we’d send out an update on what we’ve been doing :)

First testnet

We are proud participants of the first Akash testnet. The first testnet already dates back to 2019. Winners were announced December 17th 2019 (https://akash.network/blog/announcing-our-founding-member-challenge-winners-leaderboard/)

In the first testnet we scored near maximum points and even won the community price (a Akash SuperMini that we can’t wait to get in our hands)

The Akashian Challenge Phase 1

Phase 1 of the new Akashian challenge started end May and featured 211 teams with 106 active…

The 28th of February was a special day. After nearly 3 months of running our validators for the Celo Stake Off, the winners were announced and we won with overwhelming numbers.

Congratulations to everyone! In particular a shout out to our first place winner, ChainLayer. Not only did they achieve the highest number of raw BTUs of any participant, but they passed the Attestations Challenge and received full points on the Master Validator Challenge.

Some key numbers:

  • We ran a total of 8 validators (out of 120 total), more than any other participant
  • We had a 100% score on our…

The last few weeks we’ve been looking into Polkadot and Kusama. We are pretty late to the party but we are pretty enthusiastic about what we’ve seen so far!

Kusama is Polkadots test network with a twitch. It is going to run fully decentralized, so it won’t be restarted or killed but it will keep on running, hopefulle forever

Kusama is Polkadot’s canary network. It is an early, unaudited, and wholly experimental network, designed to help understand how the various cutting-edge technologies introduced in areas including governance, staking and sharding work under real economic conditions…

We have been running a…

(Editor’s note: the following is a guest post from Wanchain validator and longtime community member, Chainlayer)

This article is for those people who are getting confused seeing the payments of the recently launched Wanchain PoS network and want to know a little better how those numbers add up. We will walk you through the key aspects of Wanchain’s reward mechanism so you understand for yourself why the rewards seem to be different from day to day.

Luck or fairness

Luck has a lot to do with it. I think most questions that were asked in the past few days had “luck” as an…

We said we would give regular updates on where we stand and where we are going. This first update was planned a little earlier but due to holidays and the GoLive of Wanchain staking it was postponed a little. We hope you enjoy it and would love to hear your feedback here on Twitter (@chainlayerio) or in our Telegram Channel (https://t.me/chainlayer)

So whats new?

Linkpool has released their marketplace https://market.link/. This awesome piece of work allows node operators to showcase their nodes and jobs to potential smart contract operators. We added our node there as soon as we could of course.

We love…

Now that Wanchain staking has been possible for a few days its time for another post on some frequently asked questions and some more information on our fees.

Wanchain like most validation options offers a current and a max fee for validators. The max fee is as it sounds, a validator can never increase his fees above the max fee set. In our case 20%. The current fee can be raised by 1% daily until you hit the max fee. Our current fee is 10%.

We are seeing a lot of validators offering lower fees than they will eventually run…

Wanchain staking is finally live! Although the rewards are still locked until September 3rd you can already delegate your Wan to us from today onwards.

There are two easy ways to delegate to our node, using the new light wallet and using mywanwallet.

MyWanWallet

To delegate using MyWanWallet first go to https://mywanwallet.io/#staking or https://mywanwallet.nl/#staking.

Select how you want to access your wallet

No surprise to most of you reading this, but we are also going to validate on Wanchain. Our founders have been long-time supporters of Wanchain and one of our founders (Tyrion70) has done a lot for the Wanchain community by developing MyWanWallet, WanMask and Trezor support.

Today I want to take you through some validator basics that most validators already know, but might be good to know if you want to run a validator yourself.

Slashing

Validation on Wanchain currently has no slashing implemented. That means there is no punishment for downtime or double signing. …

We’ve been Validators on the Terra network for a while now. We’ve always been enthusiastic about the value-centric way of rewarding Validators on Terra with rewards solely based on fees.

However even with all the recent successes of Terra it became clear that we needed something more than just the fees of the network. As it stood the rewards of the still young network were not enough to incentivise stakers to stake their Luna. This in turn caused returns for validators to be low which was a risk for security of the the network.

Together with the other validators we are proud to announce Project Santa! Please read all about it in below motivation!

https://github.com/terra-project/santa/blob/master/MOTIVATION.md

ChainLayer.io

ChainLayer is a Blockchain Infrastructure and Staking provider based in The Netherlands. We offer staking services as well as Chainlink Nodes to our customers.

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