H2O 🌊🔱 — March Newsletter
Greetings H2O community 🙌
Our March newsletter is here! We’ll be sharing the latest news and updates from H2O and other noteworthy developments from the DataFi ecosystem. Our team has curated the most significant events from March to keep you informed and up-to-date.
Join us as we delve into the exciting advancements and progress made by H2O. Get ready to be in the know — read on for more information! 👇👇
Project Updates
H2O released its roadmap v3!
One of the most notable milestones for H2O this month is releasing its roadmap v3 where users can see big plans ahead, including psdnFIL, vlPSDN, and potential DeFi tools. This roadmap is more detailed than what the protocol released beforehand, focusing more on liquid staking and opportunities in the DataFi ecosystem.
Explore our roadmap here.
How psdnFIL worked pre-FVM
While the team is working on releasing psdnFIL post-FVM, a graph detailing how psdnFIL worked pre-FVM was released to give users an idea of its mechanism. H2O reminds users that this will change considering that FVM has been launched.
Filecoin’s FVM launches, H2O is a proud supporter
Filecoin’s most awaited FVM is now live and H2O is proud to support it. Filecoin’s FVM (Filecoin Virtual Machine) is a virtual machine that runs smart contracts on the Filecoin network. Similar to other virtual machines like Ethereum’s EVM (Ethereum Virtual Machine), the FVM provides a secure and isolated environment for executing smart contracts on the Filecoin blockchain.
The FVM is designed to support the execution of smart contracts that interact with Filecoin’s decentralized storage and retrieval network. This means that developers can use the FVM to build decentralized applications (dApps) that leverage Filecoin’s storage and retrieval capabilities, enabling a wide range of new use cases.
The introduction of the FVM is expected to have a significant impact on the Filecoin ecosystem, as it will enable developers to build more sophisticated and complex dApps on top of the network. This could lead to increased adoption of Filecoin as a storage and retrieval solution, as well as greater demand for FIL (Filecoin’s native cryptocurrency) to power transactions on the network.
Also, right after the launch, H2O joined Filecoin during its FVM Twitter Space together with other projects. You can check how the discussion went and play the recording here.
Data Farming Main is live!
Good news to OCEAN and Data Farming enthusiasts! Data Farming Main is now live and 150k OCEAN rewards are being distributed weekly. Ocean Data Farming (DF) is like DeFi liquidity mining, but tuned to drive Data Consume Volume (DCV) in the Ocean ecosystem. With Data Farming Main, organically-generated Data Consume Volume will be the main driver of active DF rewards.
More details about the updates are here.
vlPSDN is coming soon
Have you heard the news? There was a release by the H2O team that vlPSDN is coming soon on H2O! Then the community has proposed to move the liquidity to Balancer before the release of vlPSDN via Commonwealth. Now users are able to participate in the Snapshot vote regarding moving liquidity to Balancer.
Successful 3rd tranche of airdrop to OCEAN snapshot voters & veNEWO holders
After the 2 successful airdrops in 2022, the 3rd tranche has been successfully distributed to eligible OCEAN snapshot voters & veNEWO holders. Those who haven’t claimed their airdrops can go to H2O’s dapp to claim their rewards.
PSDN’s page on Coingecko is now updated with essential information
Users looking for more information about PSDN, such as Market Cap, Circulating Supply, Max & Total Supply, Trading Volume, and Fully Diluted Valuation can now go PSDN’s Coingeko page. The details are now available and accurate to provide users with reliable information to get to know PSDN and the H2O protocol better.
Watch H2O’s latest interview with Ocean Protocol
While waiting for the release of psdnFIL, users who haven’t started their liquid staking journey can begin with H2O’s psdnOCEAN–the liquid staking wrapper for OCEAN’s veOCEAN. A detailed interview with an H2O’s core team member by Ocean Protocol was released last week. The interview laid down the essential information stakers should know about psdnOCEAN and how convenient it is to maximize their staking yields while participating in the DataFi ecosystem. Check the interview here.
H2O’s first Storage Provider partner revealed
H2O just announced its collaboration with Dcent–a Storage Provider in Filecoin and the second-largest SP in Europe. Dcent is specialized in dealmaking and enterprise networking, and is able to expand its operation on the fly by designing a modular data center. More details can be found on its official website.
More partnerships will be revealed soon. Stay tuned!
What’s coming? psdnFIL and vlPSDN are on their way!
psdnFIL is poised to bring about a transformative shift in the liquid staking market. This development affords users a remarkable occasion to deepen their understanding of the H2O protocol and to uncover the manifold advantages of its liquid staking solutions. vlPSDN, on the other hand, will allow token holders to increase their governance authority and derive revenue from protocol fees by locking their tokens without direct exposure to Data-based tokens.
To remain well-informed regarding the most current details about psdnFIL and vlPSDN, we recommend you monitor updates closely. Join us and let’s harness the immense potential of this project together! 🤝☝️
