IOST Bi-Weekly Report | DeFi-ning Plans for H2 2020
IOST Bi-Weekly Report is a publication to share IOST’s latest community development, global market expansion, and ecosystem developments with the IOST community.
The IOST Foundation thanks our community for your continued support. Your advice is welcomed and valued here.
A. Technical Ecosystem
[Development]
- Development of the IOST data analysis platform for internal statistical analysis of transaction volume/transaction value/active DAPP
- Fix some known issues and prepare to release a new version of the mainnet
- Development of the block header incremental Merkle tree hash to prepare for light nodes
[Operation and maintenance]
Performed node’s technical communication for access and exit
B. Community Growth & Mainnet Statistics
C. Ecosystem Development
IOST Unveils 1 Million Dollar Grant to Bootstrap Growth of DeFi Projects, Focuses on Oracle DeFi
All DeFi project teams developing on or migrating to the IOST mainnet will enjoy the IOST WorryFree Program with full development support in terms of funding, technology, and more. In addition to the IOST WorryFree Support Program, promising DeFi teams are welcome to apply for Noah Oracle Fund.
Applications are open from the 10th of August, 2020. If you are a developer of a DeFi project or have excellent DeFi related resources, please contact us by email IOST Head of Overseas Marketing Stephanie at stephanie@iost.io
Leading The New Wave of DeFi: An Overview of IOST’s DeFi Ecosystem
As early as the beginning of 2019, IOST has started to lay out a holistic DeFi ecosystem and continued to make inroads in the budding DeFi space with multiple strategic partnerships and emerging on-chain projects from stable coins, decentralized exchanges, cross-chain transactions, lending, financial derivatives, forecasts, and more.
As clearly highlighted in its H2 Roadmap, IOST is making its goal in spearheading the DeFi space. Here’s a full picture of the IOST DeFi Ecosystem.
IOST Now Listed As A Collateral Asset on Bidao’s DeFi Ecosystem
“All in DeFi” is the slogan and development focus of IOST in the second half of 2020.
Bidao is building a new blockchain system dedicated to Decentralized Finance, with a goal is to create a blockchain-agnostic ecosystem for Defi applications. The Bidao ecosystem uses 2 different Tokens: the governance Token BID and the stablecoin BAI. Users can also stake their BID tokens and support the Bidao network. The stablecoin BAI is an algorithmic stablecoin that is pegged 1:1 to the US-Dollar.
Using IOST as collateral is very easy. At first, the IOST is locked up in the CDP. In return, the appropriate amount of BAI is generated and can be used freely by the CDP creator. To regain access to the locked IOST, the BAI has to be repaid to the system. This is simply done by a simple function call and sending back the BAI to the CDP. After that, the unlocked IOST can be transferred freely again by the CDP creator.
PowerDeFi- IOST’s Top Robust & Booming DeFi Ecosystem & Everything You Need To Know
According to DappRadar data, PowerDeFi’s 7-day trading volume has exceeded 10 million IOST quickly, reaching 14,718,559.324212 IOST as the time of writing. Undeniably, this progressive, robust, and fast-growing platform is building every block to prove itself a force to be reckoned with on IOST, and even beyond.
PowerDeFi is one of the first projects that come to IOST fans’ minds when speaking of DeFi on IOST. Developed by IOST Partner Node Powermine, the PowerDeFi platform not only has an extremely popular Uniswap exchange port but also includes a complete Perpetual ecosystem.
IOST Expands DeFi Network with Partnering PROXI One-Stop DeFi Platform
IOST will be joining as one of the blockchains alongside Ethereum, TRON, Tezos on the PROXI ecosystem which consists of varieties of players such as DEXes, Oracles, wallets, Blockchains, Applications, and tokenization platforms.
PROXI’s holistic approach to DeFi and cross-chain interoperability will open up more use cases and users base for IOST. As strategic partners, IOST and PROXI shall mutually leverage on each other with community growth, product development, technical support as well as marketing resources. The two parties aim to jointly create a decentralized world with a sustainable and profitable DeFi network.
SEA Market Compliance Progress: IOST Listed on Indonesia’s Biggest Crypto Asset Exchange INDODAX
INDODAX is the largest digital asset trading platform in Indonesia and Southeast Asia, and the pillar of Indonesia’s financial ecosystem for implementing blockchain technology. INDODAX supports fiat currency transactions in Indonesian Rupiah in which users can use Indonesian Rupiah to trade Bitcoin or other digital assets. In addition, INDODAX accepts payments and deposits from all local banks in Indonesia. Since 2014, it has established a world-class digital asset service business, focusing on excellent customer service, continuous innovation, and long-term customer relationships, and has been operating in Indonesia and Southeast Asia markets.
New Candidate Node- LongBit Exchange joins IOST to grow the decentralized, open-source ecosystem
Longbit exchange officially joins the IOST ecosystem as a candidate node and aims to boost the IOST ecosystem in multiple fields such as trading, technology, community development, dapp ecosystem, and project investment.
Xuzhou Kiwi Orchard Adopts IOST Blockchain Technology to Trace the Origin of Agricultural Products
IOST has inked a partnership with the Xuzhou Kiwi Orchard, to leverage the IOST blockchain technology for the full traceability of the planting, processing, transportation, and sale of Xuzhou Kiwi Orchard’s products. Xuzhou Kiwi Orchard mainly produces Xuxiang kiwi, covering an area of more than 1,000 acres, and has open business with many large supermarkets across China. The partnership between IOST and Xuzhou Kiwi Orchard adds another real-life use case of IOST blockchain technology to its rich application profile in multiple sectors and areas.
IOST ranks #12 in the blockchain research and rating platform Blocknomy
Recently, IOST was officially included in the blockchain research and rating platform Blocknomy, ranking 12th among the 73 types of crypto assets listed on the platform. IOST is a blockchain application platform developed for online service providers supported by global top investment institutions such as Sequoia, and ZhenFund. Blocknomy scores each project based on the project progress, team, token fundamentals, GitHub activity, Marketing & PR, Partnerships, and Uniqueness, among other statistics, and then issues the ranking.
Join The IOST Community!
IOST’s Node Program is widely praised as the globally leading staking program by numerous blockchain research institutions with attractive returns, low risk, and ease of use are some of the key program highlights. To learn more and participate in one of the world’s top staking program, please visit:
https://www.iostabc.com/producers
If you would like to hang out with the IOST community on chat, social media or to discuss product development, we have something for everyone:
- International English Telegram Group: https://t.me/officialios
- IOST Announcement Channel: https://t.me/iost_announcements
- IOST Official Twitter: https://twitter.com/IOST_Official
- IOST CTO Terry Wang Twitter: https://twitter.com/terrence_iost
- IOST CEO Jimmy Zhong Twitter: https://twitter.com/jimmyzhong_iost
- Slack Developer Community: https://invite.iost.io
- Uptrennd: https://www.uptrennd.com/iost
- Reddit: https://www.reddit.com/r/IOStoken
- Facebook Page: https://www.facebook.com/IOSTofficial/
- Facebook Group: http://bit.ly/IOST-FB-Group
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