The Harmony ONEWeekly: May 28th Edition

Welcome

Welcome back my fellow Harmonauts and thanks for tuning into this week’s episode of The Harmony ONEWeekly. This week, we have a number of exciting updates to bring to you; we’ll be diving into updates from Harmony native DEX protocols and some of our newer GameFi platforms, important information from Harmony’s Co-founder and CTO Rongjian Lan as he reviews the Harmony Protocol Roadmap as well as an upgrade to Harmony’s mainnet.

With all these updates happening, let’s get started!

We have a few items to bring to our communities attention; we would like to highlight our Mainnet Release v4.3.9 that launched on epoch 999. This hard fork implemented a consensus change, HIP16; this change enforces a 6% max key used by any validator within a given shard. In addition to this, another critical feature will be the addition of a new flag to block the private IP range peer to peer connection.

We were extremely pleased to receive confirmation that a number of our centralized exchange partners supported this upgrade; Binance, KuCoin and Crypto.Com to name a few. To learn more about this mainnet upgrade, our readers can see the specific breakdowns of this upgrade on our Github. Now, Let’s turn our attention to the broader Harmony ecosystem and our native partners.

We recognize the crucial importance of decentralized exchanges on the blockchain and their role for the community. User’s utilize a DEX to interact with the blockchain, farm pools and desire to experience innovation of the financial institution at their fingertips. Two of Harmony’s native DEX’s are accomplishing just this and we are excited to see their impact on the community when fully operational.

SonicSwap

As such, we begin today’s ecosystem update with recognizing one of our OG project’s, SonicSwap and their approval for receiving a strategic investment of up to $192,000. SonicSwap, a native Harmony decentralized exchange, announced their approval for a Harmony Ecosystem grant to further their development of one of the brightest communities in deFi. One incredibly unique idea that SonicSwap has introduced is the concept of cloud mining and furthering the idea of passive income.

The project received 4 Strong Yes’s in their proposal with a commitment to focus on 5 crucial areas; Cloud Mining processes and Hardware, NFT Marketplace and Affiliate Program, Server and GPU rentals, Solo Staking Pool, SonicPay integration for 3rd party platforms, SonicSwap + Harmony merchandise and lastly, an upgrade to the User Interface of SonicSwap and SonicCloud.tech and it’s Casino application.

The team has their hands full with this transitional period and is actively moving towards sustainable green solutions to power their cloud mining operations.

OpenSwap

The team at OpenSwap announced the release of their latest product, OpenXSwap. On May 22nd, the team launched their multichain DEX aggregator which allows users to find the best rates on their trades across each network’s DEX systems. In the DeFi realm, users are aware of the need to minimize the transaction cost per trade and the OpenXSwap helps achieve that. Price impact on trades can vary and users may not always be aware of other platforms hosting this liquidity. OpenSwap brings an incredible improvement to Harmony users quality of life with their new product..

Rocket Monsters

Rocket Monsters is a forthcoming action game developed in Unreal Engine 5 that allows users to collect and play with unique NFT assets ranging from armor equipped super soldiers (did we mention they are also bears?) in a fight to see who will control the Rocket Monster Universe.

The team at Rocket Monster’s recently announced a new partnership this week. On May 23rd, the team revealed their partnership with DefungifyApp, which brings NFT implementation upgrades to the Unreal Engine and the Harmony blockchain.

If that alone wasn’t enough to satisfy your update hunger, the Rocket Monsters Zeren Bear and Hoverbike mint launched on May 24th. Their first mint was bears and weapons; this time it’s bears and hoverbikes.

The team is creating an economy based on its in-game currency which is supported by LP liquidity, Play and Earn emissions as well as Treasury applications. The project will emit its token over a 30-month period and players can expect to get their hands on the beta prior to the games launch later this fall.

Fish Fight

The team at Fishfight have been cooking up a catch in the Harmony gaming space. Fishfight is a fully interactable blockchain game based around dozens of unique and equally deadly fish. Collecting and growing your unique Fish collection to battle it out in arena style combat.

They recently conducted an AMA with Cerebral gaming, where the team highlighted new abilities for each fish as well as amazing changes to their burn mechanisms. It would appear that this is not simply fish food from the Fishfight team.

You can view all of their development highlights and join the FishFight discord to get the latest updates.

The team was sat down to interview RJ for a discussion about the Harmony Protocol Roadmap. The roadmap looks at three stages of development; the short term (Q3 of 2022), the mid term (Q1 of 2023) and the long term (Q4 of 2023) and outlines specific action items targeted for those time periods.

Some of the key concepts that RJ covered during the interview focused on what Cross-shard messaging is, how it works and how liquidity from Shard-0 can be used on the other shards. RJ went into great depth to discuss the important role that validators play in securing the network and Harmony’s plan to continue working towards the decentralization of nodes and the measures being implemented to prevent malicious acts from occurring.

The last topic RJ covered was the utilization of Erigon and its impact on block and state synchronization. As this process can be incredibly demanding and can cause RPC nodes to fall out of sync; this improvement helps speed up this process and reduces the chance that this occurs. With the incorporation of Erigon, we are aiming to to scale our load management by up to 5x from its current state.

Check out the full video to hear all the latest technical updates from our CTO.

Conclusion

That wraps up this week’s ONEWeekly. If you have any questions, please head over to Harmony’s talk forum at talk.harmony.one, or join our online social media channels on Reddit, Telegram, Discord and more which we’ll link below as well. Once again, we want to thank each and everyone of you for being a part of the Harmony community and we hope you found this video helpful. Stay tuned next week for more updates on all things Harmony in the ONEWeekly.

About Harmony

Build on Harmony, Bridge to All Chains.

Harmony is an open and fast blockchain. Our mainnet runs Ethereum applications with 2-second transaction finality and 100 times lower fees. Our secure bridges offer cross-chain transfers with Ethereum, Binance and 3 other chains.

Build on Harmony, bridge to all chains. We are an open platform for your assets, collectibles, identity and governance.

We 💙 Developers.

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