Polkadot: The first Polkadot parachain auction ends today, Quartz and BitCountry are now being onboarded as Kusama’s parachains, New Web3 Foundation research on utility token design, Polkadot brand update, KILT is now fully decentralized, Composable integrates with Evmos, Raze mainnet is live, The all-new Clover mobile wallet introduced, and more!
Biweekly update on the Polkadot ecosystem vol. 24, 4th November — 18th November
TL;DR
- The first Polkadot parachain auction ends today. Moonbeam and Acala have traded first place several times
- Quartz is now being onboarded as Kusama’s 15th parachain
- After winning the 13th parachain auction, Bit.Country is being onboarded as Kusama’s 14th parachain (13-auction winning parachains, plus Statemine)
- Genshiro has been in the lead for the entirety of the current Ending Period
- New Web3 Foundation research on utility token design shows that Polkadot is sustainable. Token value is reflective of the portion of services. Parachain auctions generate token demand that will be met by the supply of validators, keeping the system going
- An update on how the work is coming along to reduce the minimum nomination amount on Polkadot is issued
- After an on-chain vote and collecting qualitative feedback, the community has voiced their preferences for Polkadot’s brand moving forward
- Polkadot’s ‘Auctions, Crowdloans, and Gifts, Oh My!’ educational campaign has started, where you can learn about Auctions and Polkadot Gifts
- HydraDX will be entering the Polkadot parachain auction for the 2nd round of parachain auctions
- Centrifuge will be joining the auctions for a parachain slot
- Moonbeam announced the integration of Moonriver with RMRK
- Composable bridges the Cosmos ecosystem through Evmos’ integration with Mosaic
- The Raze Network Mainnet will go live to the public before November 18th, 2021 on BSC
- cBridge 2.0 testnet upgrade with a brand-new state guardian network UI/UX
- Bifrost SALP is now live on Polkadot. Now, Bifrost is allied with Acala Network, Astar Network, Litentry, Moonbeam Network and MantaNetwork
- New and redesigned multi-chain Clover Mobile Wallet has been introduced
- Crust Network partners with BSC to introduce decentralized storage solutions
- The Manta crowdloan referral program has been introduced
- Announcement of rule adjustments for the 2nd cycle of Zenlink IYO
- The Dock team announced that they’ve incorporated a sandbox environment for users of their API
- KILT reached the final step of decentralization. The Sudo Key was removed and governance of the Kilt Protocol blockchain transitioned into the hands of its community
- A weekly newsletter discussing progress updates, events, and governance proposals within the Edgeware ecosystem
- Project Venkman to launch brand loyalty and NFT platforms on Acala
- StaFi just released the rSwap App on mainnet to help rToken holders to do the quick-swaps for native tokens by selling rTokens in an Exchange Rate Discount (ERD)
- Phala becomes a new member of BerChain — member-led nonprofit association, organising, promoting and uniting the thriving blockchain community in Berlin
- OceanDAO Working Groups have been introduced
- Amara latest progress from October to November
- Astar crowdloan event summary
- November 19: First Polkadot meetup in Budapest
- And more!
Latest Polkadot News
- Research Update: Utility Token Design: New Web3 Foundation research on utility token design shows that, unlike centralized web2 platforms that favor the interests of the platform, decentralized utility token ecosystems are generally efficient, resulting in the optimal provision of services for all ecosystem participants. It also highlights a tension referred to as the ‘utility token trilemma’ and demonstrates that Polkadot’s utility token model is sustainable, resulting in optimal dynamics for the entire community of network participants.
- An update on how the work is coming along to reduce the minimum nomination amount on Polkadot is issued.
- Motion 126, clearing up six bounties added with no contextual information, has been passed and executed.
- Parachain auctions on Polkadot started on November 11th.
Polkadot Is Ready for Parachain Launch, Auction Dates Proposed
Almost exactly five years after the vision of a heterogeneous multichain framework was first outlined in the Polkadot Whitepaper (aka the Polkadot Paper), parachains are now officially ready for launch on Polkadot. The news that Polkadot is now technically capable of supporting its first parachains, announced by Polkadot founders Gavin Wood and Robert Habermeier, was followed shortly by a motion for Polkadot Council to open up the network’s first parachain slot auctions, proposed to begin on November 11th, 2021.
Parachains are the diverse, specialized blockchains that connect to the Polkadot Relay Chain and constitute the ‘multichain’ aspect of Polkadot’s groundbreaking multichain architecture. They represent the final piece of core technology outlined in the Polkadot Whitepaper, and their launch marks the last stage of Polkadot’s multi-phase launch process, which began on May 26th, 2020 with the launch of the initial, proof-of-authority version of the Polkadot Relay Chain.
The initial auctions will take place on Polkadot as follows (note that dates are approximate):
Batch 1
- Auction 1: Auction starts November 11th, 2021. Ending period starts November 13th, 2021. Bidding ends November 18th, 2021. Winning parachain(s) onboarded December 17th, 2021 for the period December 17th, 2021 to October 20th, 2023.
- Auction 2: Auction starts November 18th, 2021. Ending period starts November 20th, 2021. Bidding ends November 25th, 2021. Winning parachain(s) onboarded December 17th, 2021 for the period December 17th, 2021 to October 20th, 2023.
- Auction 3: Auction starts November 25th, 2021. Ending period starts November 27th, 2021. Bidding ends December 2nd, 2021. Winning parachain(s) onboarded December 17th, 2021 for the period December 17th, 2021 to October 20th, 2023.
- Auction 4: Auction starts December 2nd, 2021. Ending period starts December 4th, 2021. Bidding ends December 9th, 2021. Winning parachain(s) onboarded December 17th, 2021 for the period December 17th, 2021 to October 20th, 2023.
- Auction 5: Auction starts December 9th, 2021. Ending period starts December 11th, 2021. Bidding ends December 16th, 2021. Winning parachain(s) onboarded December 17th, 2021 for the period December 17th, 2021 to October 20th, 2023.
Slot Auction Progress:
Kusama
Participating in Crowdloans on Kusama and Polkadot
Information on how crowdloans work and how to safely participate has been posted on the Polkadot blog:
Slot Auction Progress:
Awareness and Events
- November 5, 2021: Polkadot Hackathon: APAC Edition — Crowdcast:
- December 1–3, 2021: CSCON1 — Makers, meet each other: ChainSafe, creators of Gossamer (Go version of Polkadot Host) will hold their first CSCON on 1–3 December, including several speakers from the Polkadot ecosystem:
Finance
Polkadot markets (information from Coingecko)
Polkadot Ecosystem Market Cap (information from Dotmarketcap)
Roadmap
Current Phase: Parachain Rollout
The launch of Polkadot began a year ago with the first four phases; the last — a move to complete decentralisation and permissionlessness — happened finally at the end of July last year. Now, phase five, the final phase in the launch of Polkadot is beginning.
Future Upgrades
Polkadot upgrades currently under development include upgrades to XCMP (Cross-Chain Message Passing) and the launch of parathreads. These and any subsequent upgrades can be enabled by Polkadot’s on-chain governance community once development, testing, benchmarking, and auditing are complete.
Ecosystem Updates
Bridges
Bifrost
Bifrost has developed an EOS network bridge that enables trustless cross-chain asset transfer by implementing on-chain light nodes with merkle tree verification.
- Bifrost SALP Supports the Astar Network Polkadot Crowdloan: Bifrost announced its support for the Astar crowdloan, the multi chain Polkadot DApp hub. Bifrost is committed to providing liquidity to locked assets between multiple chains and establishing a liquidity bridge between heterogeneous chains.
- Bifrost SALP Supports the Acala Polkadot Crowdloan
- Bifrost SALP Supports the Moonbeam Polkadot Crowdloan
- vsDOT for Polkadot has landed. Now, Bifrost is allied with Acala Network, Astar Network, Litentry, Moonbeam Network and MantaNetwork.
- Bifrost SALP is now live on Polkadot. Join the crowdloan and contribute for Acala Network, Astar Network, Litentry, Manta Network and enjoy 10% — 20% extra basic reward and BNC bonus. Check the tutorial.
Centrifuge
The ChainBridge allows Centrifuge to move fungible and NFTs between chains, enabling the financing of real-world assets in a variety of DeFi products.
- The Centrifuge Parachain Crowdloan Opens in Batch 2: Centrifuge will be joining the auctions for a parachain slot. The protocol bridging Real World Assets to DeFi will be opening a crowdloan to bid for a Polkadot parachain slot in batch 2, connecting a limitless market to the Polkaverse.
ChainX
ChainX, a crypto assets gateway, is planning bridges to several networks and has implemented a BTC to Substrate bridge.
- Bitcoin Layer2 will Usher in Big Explosion After Taproot: ChainX CEO Guoguanghua was invited to the Bewater community to share ideas of Bitcoin taproot technology and its impacts afterwards.
- Learn to Win 500$PCX to Celebrate New Website Launch
- ChainX will Replace the Traditional Multi-signature Scheme with Threshold Signature
Darwinia
Darwinia is building a permissionless non-custodial bridge protocol featuring efficient, low-cost decentralization of cross-chain tokens and Non-Fungible Token (NFT) transfers, as well as other cross-chain operations.
- Darwinia crowdloan on Polkadot has been live
- Guide to Participate in the Darwinia PLO
- Darwinia Highlight October | Monthly Recap
- Collaborative NFT with My Defi Pet to support Darwinia Polkadot parachain auction
- Support Darwinia While Investing in the Next Generation Infrastructure for the Web3.0 Metaverse
- 「Understanding Darwinia Bridge 1–3」The Token Bridge Solution
Interlay
Interlay is building a trustless bridge from Bitcoin to Polkadot.
Smart Contracts
Clover
- Introducing the All-New Clover Mobile Wallet: Clover Mobile Wallet is an open-source multi-currency digital wallet live on Android and iOS devices. Users can send, receive, wrap and unwrap digital assets across Ethereum, Polkadot, Solana, Binance Smart Chain, and many other Networks. Clover Mobile Wallet is entirely non-custodial and free to use.
- Clover Crowdloan Plan for Polkadot Parachain Auction
Edgeware
- EDG Community Update: Week of November 8th: A weekly newsletter discussing progress updates, events, and governance proposals within the Edgeware ecosystem.
- EDG Developer Update: Nov 7 — Nov 13, 2021: All things technical related to Edgeware and more.
- EDG Financial Update: Month of October: Provides the community a fair idea about the performance of EDG as compared to the market as well as the peers of EDG.
Moonbeam
- MOVR token (Mooriver Network) will be listed on Binance.
- Moonbeam announced the integration of Moonriver with RMRK. The teams will collaborate to develop Solidity standards for RMRK-based Kusama assets. This will allow Moonriver Network and other EVM chains to work with RMRK.app NFT infrastructure.
- Users can now try the Blockchain Monster Hunt game on Moonbase Alpha TestNet and will be able to play on the Moonbeam Network network from next year onwards.
Scaling
Astar Network (previously Plasm Network)
Astar crowdloan event summary: This article is a summary of the main information about Astar crowdloan, detailed articles are available here
Celer
- cBridge 2.0 Testnet Upgrade with a Brand-New State Guardian Network UI/UX: This upgrade includes a brand-new State Guardian Network (SGN) experience as well as a series of feature iterations based on our users’ valuable feedback. In addition to continuing the test of cBridge 2.0’s functionality, users can now experience the new cBridge transaction fee claiming feature and re-designed UI/UX for CELR staking by visiting test-sgn.celer.network.
- cBridge 2.0 Testnet Upgrade Campaign Winner Announcement Winners announced for cBridge2.0 testnet upgrade.
- cBridge exceeds $900M in total cross-chain transaction volume by building a highly efficient global trade network to acCELERate blockchain adoption.
DeFi
Acala
- Project Venkman to Launch Brand Loyalty and NFT Platforms on Acala; theCHIVE Set To Debut to 10 Million Monthly Users: Project Venkman, an e-commerce engagement solutions provider, is announcing Acala as its technology partner for launching a portfolio of brand engagement solutions using on-chain loyalty points and NFTs. Venkman and Acala’s partnership will begin with a loyalty and NFT platform built for Venkman’s first client, theCHIVE, and its 10 million monthly active users based primarily in the United States. theCHIVE has a robust e-commerce business, having generated over $400 million in revenue to date. Venkman and Acala will continue rolling out e-commerce engagement solutions to additional clients and brands over the coming months.
- Acala’s novel LCDOT has reached over $1 billion in TVL.
- Acala has partnered with Current, a U.S. fintech company, to bring hybrid finance to its 3 million users.
Amara
- Amara Latest Progress from October to November: AmaraLend has been updated in terms of technology. Compared with the original AmaraLend, the new version of AmaraLend has made important innovations in many aspects. In addition, AmaraLink has been officially deployed on the Moonriver network. It supports cross-chain transfers of four test assets: BTC, DOT, USDT, and KSM. Now AmaraLink is in alpha stage and we are preparing audit work to promote the official launch of AmaraLink as soon as possible. In terms of community, Amara has established 11 communities all over the world. Over 300 ambassadors work closely with the Amara team. Amara’s internationalization has taken a step forward. AmaraLink also won 2 awards in the Shanghai Wanxiang Blockchain Hackathon in 2021.
Composable Finance
- Composable bridges the Cosmos ecosystem through Evmos’ integration with Mosaic: Composable continues to push forward for an interoperable and fully-scalable cross-chain DeFi ecosystem. The team announced that they are integrating with Evmos, the first-ever IBC-compatible EVM hub expanding the reach into the Cosmos network. Through this collaboration, Evmos will be integrated into Mosaic, Composable’s cross-layer asset transferral system.
- Performing a Security Audit of Picasso to Ensure User Protections
- The Pallet revolution, powered by Picasso: To power hyper liquidity and a highly composable ecosystem of cross-chain and cross-layer DeFi dApps, Composable has secured a Kusama parachain slot for Picasso.
- Composable SDK: The Silver Bullet for Developers
- Setting Up a Mixed Python and Julia Project on GitHub
Equilibrium
- Equilibrium’s October In Review
- Genshiro Megaboost: up to 10K GENS : 1 KSM. It’s the last auction in this batch of auctions on Kusama and the Equilibrium team is launching a lottery called Genshiro Megaboost.
- Earn EQ Tokens On Staking Via xDOT
- Why xDOT Is Safe
StaFi
- StaFi Released rSwap APP on Mainnet: StaFi just released the rSwap App on mainnet to help rToken holders to do the quick-swaps for native tokens by selling rTokens in an Exchange Rate Discount (ERD).
- StaFi Protocol Monthly-October Community Updates
Zenlink
- Announcement of rule adjustments for the 2nd cycle of Zenlink IYO
- Zenlink launches trading mining and liquidity mining activities for vsKSM, BNC, kUSD, KSM
- FAQ | Product usage and IYO related questions and answers after the launch of Zenlink
- Zenlink has started its Ambassador Program. Apply now to become a candidate and join the Zenlink Family. All the details are here.
Privacy
Phala Network
- Issue #500 Fixed, Phala Updated Its Brand VI | Phala Weekly Vol.58
- A Deep Dive in Phala Confidential World: More Creativity and Broader Scope of Applications
- Phala Wrapped Up Hackathon With Outstanding Results | Phala Weekly Vol. 57
Manta Network
- Introducing the Manta Crowdloan Referral Program
- Updating Manta Crowdloan Rewards: With the new crowdloan incentives, raising 5 million DOT gives 6x more rewards.
RAZE Network
- Announcing RAZE Network Official Mainnet Launch: The Raze Network Mainnet will go live to the public before November 18th, 2021 on BSC.
- Raze Ambassador Introduction
- RAZE Staking Coming Back on THORSWAP
Data
Crust Network
- Crust Network Partners with BSC to Introduce Decentralized Storage Solutions
- Crust Network and Anmol Collaborate For Decentralized Storage
- Crust Network partners with RMRK in constructing the next-generation NFTs standard
- Crust Weekly Stats. | Nov. 15th, 2021
- Crust Devlog | November 8th — November 14th, 2021
KILT Protocol
- KILT Transitions to a Fully Decentralized Network: KILT reached the final step of decentralization. The Sudo Key was removed and governance of the Kilt Protocol blockchain transitioned into the hands of its community.
- KILT Protocol Completes Security Audit with SRLabs
Ocean Protocol
- Introducing OceanDAO Working Groups: A softer, gentler DAO that gives more space and freedom for experimentation
- How token economy may contribute to distributing value: In this episode of Voices of the Data Economy, the hosts spoke to the Co-founders of Unit — Michael Healy and Thy-Diep (“Yip”) Ta.
- OceanDAO Round 12 is Live: 500,000 OCEAN available for Web3 data economy projects
- OceanDAO Round 11 Results: 17 projects funded; 5.5mm+ votes cast
Oracle
Chainlink
- Solana Ignition and Ceramic Network Sovereign Data Hackathon 2021: Chainlink Bounty Winners
- Chainlink’s Growing TVS Gives Rise To Cross-Chain Smart Contracts
- Chainlink Labs’ Patrick Collins And Zak Ayesh Share Their Best Hackathon Advice
- zkSync 2.0 Integrating Chainlink Price Feeds To Boost DeFi’s Mass Adoption
- Chainlink Announces Its Total Value Secured (TVS) Is Now Over $75 Billion
- Chainlink Tech Talk #3: dYdX
Kylin Network
- Launching $10M Kylin Ecosystem & Builders Fund: The Kylin team announced that they will be opening up the Kylin Developer’s fund. Poised to launch in the coming weeks.
Other
Bit.Country / Pioneer
- Bit.Country Pioneer won the 14th parachain slot on Kusama Network. Here is a quick update from their team.
- Bit.Country announced whitelisting for Metaverse Odyssey Event: NUUM token sale. There will be 3 rounds for the event. The deadline for pre-whitelisting is 20th of November.
Polkasocial
- Wallet Connect integrated into Polkasocial Network
- 20 Million PSN have been burned and removed from circulation
Humanode
- The Humanode testnet — Sachiel — is in full swing: Sachiel is an Aura and Grandpa testnet based on those consensus modules of Substrate modified for biometric authentication. Sachiel supports Linux, MacOS, and Windows, in combination with iOS and Android, and the hardware requirements to join the testnet are not high. Active testnet users will be given priority to become the first generation of human nodes once the mainnet launches in June 2022. For those, who haven’t applied yet, sign up for the Humanode testnet here. Desktop app soon.
- Humanode Dev Report 10: The Humanode teams shared some bullet points to shine some light on the exciting advancements that they have been working on.
- Biometric-based social networks
- Biometric-based validators
- [Humanode Special Interview Series]: Hardik, cryptography researcher at Humanode
- In case you missed yesterday’s Fireside chat about 𝗛𝘂𝗺𝗮𝗻𝗼𝗱𝗲 𝗿𝗼𝗮𝗱 𝘁𝗼 𝗺𝗮𝗶𝗻𝗻𝗲𝘁, here’s the recording.
Robonomics
- Coworking for crypto-anarchists, p1.: In the upcoming 2 months core Robonomics team will showcase how using cryptography, tokens, and other web3 tools you can organize operations and the household of the HQ inhabited by developers and engineers. The first is here.
- Robonomics | Robot Smart Lease Use Case
MISC
- Polkadot Open Data Platform Web3Go Launches with SubQueryNetwork. SubQuery collects and organizes live on-chain data into a database for Web3Go’s interface which provides the means for analysts to query, extract, curate data, and generate data boards. Read more.
- Polkadot’s ‘Auctions, Crowdloans, and Gifts, Oh My!’ educational campaign is here. Learn how to participate in auctions, how to use Polkadot Gifts to easily send DOT to your friends and family, and win a limited edition Polkadot ugly Christmas sweater.
Social Media Metrics
Social media activity:
The graph above shows the dynamics of changes in the number of Polkadot Twitter followers and Reddit subscribers. The information is taken from Coingecko.com
Polkadot Social Channels:
Polkadot Digest by Bill Laboon
This is not financial advice.
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