Blockchain Weekly Digest — October 16th, 2023
StakeWise V3 LST, Lido’s SimpleDVT proposal, Ignite Marketplace, Aura Network Ecosystem updates, and Cardano’s Basho
In this week’s Blockchain Digest, StakeWise V3 introduces bespoke liquid staking with customizable terms, aiming for lower fees and better performance. Lido proposes a “Simple DVT” module for node operators, enhancing resilience and security. The Lido Monthly Report for September 2023 covers key metrics, collaborations, governance updates, and community engagements. Cardano progresses in various technical areas.
Ignite introduces Ignite Marketplace to enhance user experience, IBC Maxis highlights the significance of Inter-Blockchain Communication for permissionless interoperability, and introducing Interchain Stack, a set of tools and protocols for building customized appchains and products. Celestia enters the interchain, emphasizing modularity, off-chain governance, and user-centricity. And Aura Network Ecosystem News covers their latest updates.
Navigate through the quiet, yet captivating waters of the crypto world in this weekly roundup. Keep reading for a detailed exploration of each update.
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Ethereum
Bespoke Liquid Staking via StakeWise V3
StakeWise V3 introduces bespoke staking, allowing users to customize terms and negotiate with node operators, optimizing for lower fees, better performance, and unique features. The platform’s pricing model, featuring a liquid staking token (osETH) with optional minting, aims to save users substantial fees compared to other protocols. Additionally, StakeWise V3 utilizes Tokenless Vaults to avoid capital gains tax and enhance safety and efficiency in the liquid staking process.
Read the blog post 👉 here.
Simple DVT Module via Lido
This proposal outlines the creation of a “Simple DVT” module on the Lido protocol’s mainnet, utilizing Distributed Validator Technology (DVT) through Obol Network and SSV Network implementations. The module aims to diversify the Lido Node Operator set, enhance resilience, distribution, and security, and serve as a testbed for DVT adoption. The DV cluster will be ran by solo-stakers, community stakers, staking organizations, and professional operators.
Check it out the forum 👉 here.
If you’re interested in becoming a Node Operator for Lido using DVT, we highly encourage you to fill out the form 👉 here. Make sure to get your submission in before Wednesday, October 18th!
Lido Monthly Report
The Lido Monthly Report for September 2023 highlights key metrics, collaborations, governance updates, and community engagements.
Read the blog post 👉 here.
Cardano
Cardano’s Weekly Development Update
This week, Cardano made progress in various technical areas, including core technology, wallets and services, smart contracts, scaling (Basho), Voltaire governance, Catalyst project updates, and education.
Read the blog post 👉 here.
Cosmos
Introducing Ignite Marketplace
Ignite aims to enhance user experience by providing developer-friendly tools, such as Ignite Apps, enabling open-source contributors to extend functionality and customize blockchains. The Ignite Marketplace, akin to an app store, serves as a platform for selecting and integrating custom modules and functionalities for blockchains through Ignite CLI. The marketplace supports the exchange of features and chain offerings in the interchain ecosystem. Powered by the official Marketplace UI, it allows users to filter and search for apps easily. Ignite encourages app creators and chain builders to contribute and integrate diverse apps, offering support through regular Office Hours sessions and monthly Ignite Developer Community Calls. The goal is to become a comprehensive marketplace for modular development in the interchain ecosystem.
Read the blog post 👉 here.
IBC Maxis
Introducing the IBC (Inter-Blockchain Communication) protocol, highlighting its significance in achieving permissionless interoperability within the Cosmos ecosystem. Two powerful technologies, IBC Hooks and Packet Forward Middleware (PFM), are discussed to enhance the capabilities of IBC, enabling seamless cross-chain workflows.
Read the blog post 👉 here.
Introducing Interchain Stack
Interchain Stack, a set of tools and protocols for building customized appchains and products, with a focus on the Inter-Blockchain Communication Protocol (IBC) that enables interoperability between different blockchain networks. IBC achieves trust-minimization through the use of light clients, lightweight representations of blockchains. The Interchain Stack includes components like CometBFT, Cosmos SDK, and CosmWasm, with ibc-go and ibc-rs as main IBC implementations. The Cosmos SDK serves as a framework for building customizable blockchains, while ibc-go and ibc-rs are implementations of IBC in Go and Rust, respectively.
Read the blog post 👉 here.
Celestia
Celestia is coming into the interchain
Celestia announces its arrival in the interchain, ushering in a new era of modularity and possibilities for Web3 builders.
The Celestia blockchain emphasizes the significance of its social layer in defining its canonical fork, prioritizing off-chain governance over token-holder decisions. Users are considered first-class citizens, and the community promotes trust-minimized light nodes for direct verification. The community values neutrality to execution environments, economic sustainability through scale, and minimization of overhead and state bloat.
Check it out the post 👉 here.
Aura Network
Aura Network Ecosystem News
Aura Network and Ahamove recently announced the launch of AhaFast: Ride-2-Earn, allowing users in Da Nang city to earn Aura points by taking electric rides. This collaboration signifies a significant step in Aura Network’s mission to integrate blockchain into daily life. Additionally, the first NFT staking platform, ABGC (Aura Boy Golf Club), has launched its mainnet and a campaign where holders can stake their assets to earn rewards, with a limited number of ABGCs eligible for staking. Furthermore, on October 11th, Aura Network partnered with a surrealist artist to explore the “Silk & Steel: Women’s Strength in Cultural Harmony” NFT Collection.
Check it out the post 👉 here.
Thank you for reading.
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We aim to decentralize the Proof-of-Stake blockchain ecosystem. We’re highly familiar with the Tendermint-based blockchains such as Cosmos, Kava, Quicksilver; Ethereum and EVM-chains like Harmony; and substrate-based chains such as Cardano. Our global team is continuously improving our automations and constantly monitoring our operations to ensure high availability and resilience.
Our infrastructure is a hybrid of data centers bolstered with Hardware Security Modules (HSMs), and distributed globally at multiple Cloud providers. Our mission is to help provide a sound infrastructure, tooling and services, so that developers can build with confidence. We hope you like our contributions into the ecosystems that we support. To find out more about networks that we support, checkout our website below.
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