State of Stake vol. 48

Paradigm
Paradigm
Published in
16 min readMay 13, 2021

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Paradigm’s biweekly update on Proof-of-Stake ecosystem, 29th April — 13th May

TL;DR

  • EIP-1559 timeline was announced (tentatively scheduled for July 14th), the Eth2.0 Beacon Chain had its first mainnet incident (with a bug related to Prysm) and the Eth1 <> Eth2 merge got a target date of October 2021
  • The DFINITY Mercury Genesis launch event took place on May 7th
  • The Cosmos Gravity DEX testnet competition has ended
  • As one of the first 3 chains selected by the Wormhole guardians, Terra to leverage Pyth Network’s low-latency, high-speed price data across Wormhole’s elegant cross-chain attestation engine for trustlessly bridging information between Solana, Terra, and Ethereum
  • Avalanche integrates with Ledger for users to securely store AVAX
  • Tezos protocol upgrade Florence is now live on mainnet
  • Optimistic Ethereum on L2 is now integrated into Synthetix Staking
  • Elrond staking 3.5 proposal is out. Accelerating growth and decentralization by enabling network fluidity
  • The Injective team announced the commencement of the first phase of the Injective mainnet launch
  • 20 billion queries on The Graph’s hosted service in April represents an explosive rise in dapps and Web3 adoption
  • SKALE Chains are live
  • Celo’s Donut Hardfork
  • BandChain GuanYu Testnet #4
  • SNACs: Secret Network Action Campaigns announced
  • The Cardano Foundation welcomes COTI as a payment gateway for Cardano
  • ADA Pay on Cardano’s Shelley Mainnet launched
  • COTI Staking 3.0 update
  • Aurora launches on NEAR Protocol
  • The NU staking UI is live
  • Kava Swap introduced
  • Solana ecosystem news
  • The first DOT liquid staking App rDOT is live on mainnet now
  • SushiSwap is live on Polygon
  • Oasis Network Roadmap is here: Product milestones and adoption initiatives planned for Q2 & Q3
  • IRIS Foundation new Ecosystem Development Program announced
  • The Bluzelle team announced a strategic partnership with Shield Finance
  • The Guardians of Persistence Ambassador Program introduced
  • Orbs Staking is now available on the Coinbase Wallet & the Trust Wallet mobile app
  • Akash Network sponsors Solana Season Hackathon
  • ICON Development Roadmap update
  • IOST partners with Moonstake
  • Agave staking is now live on xDai
  • And more!

Proof-of-Stake Networks’ Updates

Ethereum 2.0

  • Lots of core protocol developments for Ethereum last week — EIP-1559 timeline was announced (tentatively scheduled for July 14th), the eth2 Beacon Chain had its first mainnet incident (with a bug related to Prysm) and the eth1 <> eth2 merge got a target date of October 2021
  • What’s New in Eth2–8 May 2021: Updates on the Beacon Chain, staking, Rayonism, Altair, the merge and more from Ben in this week’s what’s new in eth2.

Check out our recently-published ‘Defi in Ether’ — biweekly update on Ethereum DeFi ecosystem vol.29 full of news from the ecosystem: >$81B TVL in DeFi, MetaMask crosses 5 million MAUs, Uniswap v3 is now live on Ethereum mainnet, 1inch launches Wallet App, Balancer and Gnosis join forces to launch new DeFi protocol, Polygon announces DeFi fund, The Q1 2021 DeFi Report from ConsenSys, and more!

Polkadot

  • May 19th-20th: Polkadot Decoded is returning:

Avalanche

Algorand

DFINITY

  • The Mercury Genesis Launch Event took place on May 7th. Genesis marks the public launch of the Internet Computer, when the network spins out as part of the public internet, enabling developers, organizations, and entrepreneurs to build and deploy secure and interoperable software programs on the open network.

Tezos

Synthetix

Cardano

Cosmos Network

Check out our latest biweekly update on Cosmos ecosystem vol. 47 covering the following topics: Gravity DEX testnet competition is on, 18.55M ATOM were delegated to 65 Cosmos Hub validators, How IBC creates value for the Cosmos, IBC is now live on Akash, Sentinel initiates bandwidth sharing on the IBC testnet, Secret Binance Smart Chain Bridge is live on testnet, Injective partners with UMA, Bytom collaborates with Polygon, and more!

Celo

  • Dissecting the Donut Hardfork: If you are a node operator on Celo, please follow the instructions to upgrade to Donut Hardfork in this forum post to v1.3.2 prior to the activation date of May 19th, 2021. Release notes for v1.3.2 found here.

IRIS Network

-The Application Ecosystem Support Plan

-Eco-Development Funds Community Management Plan

-The Validator Reward Program

-Technology & Community Grant Programs

Terra

  • Terra Project Spotlight — Spar Protocol
  • LUNA/INR trading is live
  • As one of the first 3 chains selected by the Wormhole guardians, Terra to leverage Pyth Network’s low-latency, high-speed price data across Wormhole’s elegant cross-chain attestation engine for trustlessly bridging information between Solana, Terra, and Ethereum.

Secret Network

Band Protocol

Bluzelle

-BSC Support — Developers on BSC will be able to used Bluzelle DB on Mainnet

-NFT Support — It ensures that when Bluzelle-certified NFT’s are purchased/transferred, their content is always available.

Kava Labs

Injective

Polygon (previously Matic)

Latest Week in Polygon:

Persistence

Akash Network

Oasis Network

SKALE Network

Solana Network

StaFi

Near Protocol

xDai

Elrond

https://twitter.com/LucianMincu/status/1392427695183695876?s=20

Icon

IOST

NuCypher

COTI

  • ADA Pay on Cardano’s Shelley Mainnet launched:

Zilliqa

Orbs

Mina Protocol (formerly Coda Protocol)

The Graph

Filecoin

  • Filecoin Network v12: On April 29th, 2021, the Filecoin network upgraded to version 12. The upgrade introduced version 4 of the specs-actors implementation, the set of built-in actors that specify the rules of the Filecoin protocol. The new version of specs-actors was designed to be significantly more performant, thus speeding up block validation times.
  • Introducing NFT.Storage: Free Decentralized Storage for NFTs: NFT.Storage lets users store their NFT content and metadata seamlessly and securely with IPFS and Filecoin.
  • If you haven’t yet, check out the 11 teams who graduated from the Filecoin Frontier Accelerator with Longhash. Themes include NFTs, education, media, and more. Watch
  • The next Filecoin Virtual Community Meetup will take place on Tuesday, May 18th at 1PM PT/9PM UTC.
  • Filecoin Plus Day replay:
  • Video NFTs with Filecoin & VideoCoin — Live Demo: Last month, the team announced that VideoCoin is integrating its decentralized video processing network with Filecoin to build the first platform specifically designed for creating and trading Video NFTs. In this live demo, you will learn exactly how the integration works, including how to create and store a Video NFT along with its Proof of Ownership, a preview of the NFT platform and UI, and how to retrieve the Proof of Ownership and prove that it works.

Check out our brand new report on the IPFS ecosystem. Vol.8 covers: IPFS Desktop v0.15.0 released, IPFS & Filecoin Chainlink Hackathon and Gitcoin Grants Round 9 winners announced, The Graph celebrates 20B monthly queries on the hosted service in April, Opera integrates Unstoppable Domains, AKASHA reloaded, Civic milestones and updates, Advancing Ceramic’s decentralized identity network with EPNS, and more!

Upcoming Events

Major upcoming events by CryptoDIffer:

MISC

That’s all for today! Your feedback is highly appreciated! Let us know what you think about the format & content.

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