Polkadot: Altair and Parallel-Heiko have been onboarded as Kusama’s parachains, Gavin Wood’s XCM Part III on execution and error management, Ocean’s on Moonriver, Humanode testnet is live, Clover web wallet introduced, cBridge 2.0 announced, Crust Network collaborates with Elrond Network, Acala launched the first liquid staking product in the Polkadot and Kusama ecosystem, One year of Darwinia’s mainnet, and more!
Biweekly update on the Polkadot ecosystem vol. 21, 23rd September — 7th October
TL;DR
- After winning the 9th parachain auction, Altair is now being onboarded as Kusama’s 10th parachain.
- After winning the 10th parachain auction, Parallel-Heiko is now being onboarded as Kusama’s 11th parachain [10-auction winning parachains, plus Statemine]. Over 10.4K network stakeholders locked up KSM in favor.
- Halfway through the Starting Period of this auction, Kintsugi is in the lead. They have reached their cap and so are unable to place a higher bid.
- Part III of Gavin Wood’s series on Polkadot’s XCM is out (this time on execution and error management).
- Bifrost launched the vsKSM Farming function. Holders of vsKSM and vsBond need to 1:1 deposit vsKSM and vsBond both in the Farming Pool to obtain mining revenue. KintsugiBTC and ParallelFi’s Heiko early bird pools are now online.
- One year of Darwinia’s Mainnet! Congratulations to the fantastic team! The native asset of Crab Network (Canary Network of Darwinia) CRING is now CRAB.
- Interlay has resolved 2 comprehensive audits from Informal Systems.
- Clover Web Wallet has been introduced: Users can now log in to their Clover Wallet using social logins or email on any browser without compromising the security of users’ private keys.
- Ocean is now deployed on Moonriver.
- Moonbeam Take Flight has been finalized, raising $24.5M. The Moonbeam Foundation announces its collaboration with Transak. Moonbeam announced an integration with Dapplooker, a multi-chain analytics & visualization platform for blockchain projects. Moonriver exceeded expectations with 2 million transactions less than a month after it launched on Kusama.
- On September 28th, 2021 the Humanode announced the launch of their first-ever testnet — Sachiel. Sachiel, which is onboarding in batches of 50 people, is an Aura and Grandpa testnet based on those consensus modules of Substrate modified for biometric authentication. Also, last week the Humanode core team published the Humanode Whitepaper v. 0.9.6 “You are [not] a bot”.
- cBridge just submitted the $300M Total Cross-chain Volume Mountain. cBridge 2.0 introduces the best-in-class cross-chain token bridging experience with deep liquidity for users, highly efficient and easy-to-use liquidity management for both cBridge node operators and Liquidity Providers who do not want to operate cBridge nodes. cBridge now supports WBTC.
- The Acala team has launched the first liquid staking product in the Polkadot and Kusama ecosystem. Also, Acala announced its partnership with Blockdaemon, a top-performing blockchain infrastructure provider, to support its newly-launched staking derivatives for Polkadot (DOT) and Kusama (KSM).
- Chainlink announces Fall Hackathon and new integrations including Acala and Gemini.
- Composable Finance announced additional rewards for their crowdloan. Furthermore, Composable Finance to bring zkSync into its cross-layer capable solution, integrating this major scaling platform with Mosaic.
- Genshiro’s closed beta is in full swing. Those who participate in this beta program are the first to gain access to the cross-chain DeFi products, including borrowing, earning yield, and liquidity farming (with up to 25% APY).
- HydraDX is planning a meetup in London for October 28th. Road to Hydration (part 3) was published.
- Polkasocial Metamask integration is now complete, Polkasocial dual IDO launch is coming soon. The Polkasocial Network team has announced that it has burned 25 million PSN tokens today and is also focusing on other development goals for the project even prior to listing.
- rSOL app is live on the mainnet now. Check out StaFi Q4 Roadmap and monthly-September community updates.
- Zenlink monthly update is out. Also, Zenlink Community Carnival Season1 winners were announced.
- My Crypto Heroes, the world’s №1 DAU blockchain game is coming to Shiden and Astar. Astar/Shiden & Cosmos Bridge Proposal by Octopus Network has been approved by the community.
- The RAZE team shared Raze Network’s growth plan and future vision. Raze Network Monthly Review #7 is out. Read Raze Ambassador Program update.
- Crust Network collaborates with Elrond Network. Through the collaboration, developers building on the Elrond Network will gain access to over 2,000 Petabytes of storage on more than 7,000 IPFS servers spread all over the world. Previously, Crust Network partnered with NEAR Protocol.
- A weekly newsletter discussing progress updates, events, and governance proposals within the Edgeware ecosystem.
- The Q&A collection for Phala Chamber 003 is out.
- Don’t miss Parity and Polkadot founder Gavin Wood’s interview with Protocol about the journey from Ethereum to Polkadot, his vision for the third iteration of the web, as well as why crypto and blockchain technology will prevail.
- Sub0, the Substrate Developer Conference, is taking place on 13–14 October this year.
- And more!
Latest Polkadot News
- XCM: The Cross-Consensus Message Format: Gavin Wood has written up a primer on XCM, the cross-consensus messaging format.
- XCM Part II: Versioning and Compatibility: In the first article Gavin wrote on XCM, he introduced its basic architecture, goals and how it could be used for some simple use cases. In this article, we will move on to inspect one interesting aspect of XCM in-depth: how XCM can change over time without introducing breakage between the very networks it is meant to connect.
- XCM Part III: Execution and Error Management: In this article, discusses its underlying design and execution model. Since XCM is based around the instruction set of the XCVM, a very high-level virtual machine, this amounts to becoming familiar with this machine architecture.
- Polkadot 0.9.10 has been released with HIGH upgrade priority. It is recommended all Polkadot and Kusama nodes upgrade to avoid loss of sync after the next runtime upgrade.
Kusama
Remember to update your Kusama nodes to 0.9.10 BEFORE MONDAY 11 OCT (block 9_611_377). When the next runtime upgrade occurs, older nodes will be unable to sync with the network.
Participating in Crowdloans on Kusama and Polkadot
Information on how crowdloans work and how to safely participate has been posted on the Polkadot blog:
- After winning the 9th parachain auction, Altair is now being onboarded as Kusama’s 10th parachain (9-auction winning parachains, plus Statemine).
- After winning the 10th parachain auction, Parallel-Heiko is now being onboarded as Kusama’s 11th parachain [10-auction winning parachains, plus Statemine]. Over 10.4K network stakeholders locked up KSM in favor.
- The 3rd batch of auctions, starting from the 11th one will be launched on the 6th of October.
Slot Auction Progress:
Awareness and Events
- Mainnet 2021: In Conversation with Polkadot’s Gavin Wood: An in-depth dialog between Polkadot founder and Ethereum co-founder Gavin Wood and Messari’s Ryan Selkis.
- An Ethereum co-founder is now on a crusade against ‘crypto nationalism’. With Polkadot, Gavin Wood is building a blockchain to connect other blockchains.
- There will be a Polkadot Korea meetup and Crowdcast on 13 October featuring Gavin Wood.
- Sub0, the Substrate Developer Conference, is taking place on 13–14 October this year:
Finance
Active accounts and the number of transactions (information from Polkascan)
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.
- vsKSM Farming is live, Get Slot Bidding Farming Bonus: Bifrost launched the vsKSM Farming function. Holders of vsKSM and vsBond need to 1:1 deposit vsKSM and vsBond both in the Farming Pool to obtain mining revenue. KintsugiBTC and ParallelFi’s Heiko early bird pools are now online.
- Runtime v0.9.1 update, online SALP Farming module and enable vsToken transfer: In the last version of the Runtime update, Bifrost opened up the SALP protocol for the first time to support parachain bidders outside of Bifrost. By supporting four parachain bidders — Basilisk, Altair, Kintsugi and Parallel Heiko — Bifrost has accumulated a total of >124,912 vsKSM & vsBond mintages and surpassed $40 million in lockups.
This v0.9.1 update contains:
-Enabling vsKSM and vsBond transfers
-Implement SALP Farming module
SALP Farming module will give derivatives mining play, stake your $vsKSM & $vsBond to the Farming Pool and get a mining reward from BNC + bidding parachain Candidates.
- The first HRMP (Horizontal Routed Message Passing) channel on Kusama has been created between Karura and Bifrost (Yes it requires 67 * 2 KSM deposit to create a channel).
- Artwork Competition | NFT Your Creative Ideas
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.
- Altair’s Winning Parachain Bid: Making Sense of the Kusama Parachain Candle Auctions: Altair won the 9th parachain slot auction.
- Altair: Hello, World: Altair won Kusama parachain auction #9, what’s next? Now that Altair has been running smoothly — it will begin the process of a series of runtime upgrades gradually rolling out Altair after passing code review and acceptance testing. Step 2 is scheduled to begin the week of October 11th.
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.
- The native asset of Crab Network (Canary Network of Darwinia) CRING is now CRAB: CRING will now be known as CRAB, tabled by Democracy Proposal#11 and Democracy Proposal#13.
- Farm on Eden and PVE on Heco 丨Star guilds will join the PVE contest
- An Introduction to Substrate-to-Substrate Bridges
- One year of Darwinia’s Mainnet!
Interlay
Interlay is building a trustless bridge from Bitcoin to Polkadot.
- Informal Systems interBTC Audit: Interlay has resolved two comprehensive audits from Informal Systems.
- Five reasons why Kintsugi should live on Kusama
Smart Contracts
Clover
- Clover Web Wallet has been introduced: Users can now log in to their Clover Wallet using social logins or email on any browser without compromising the security of users’ private keys.
Edgeware
- The Cutting Edge: Week of September 27th: A weekly newsletter discussing progress updates, events, and governance proposals within the Edgeware ecosystem.
- EDG Dev Digest: Sep 26 — Oct 2 2021: Keep you up to date on all things technology related to Edgeware and more!
Moonbeam
- Take Flight Token Event is Finalized, Raises $24.5M for the Moonbeam Network: The Moonbeam Foundation has finalized the Take Flight community token event, which took place from September 7th to 10th, 2021. The event was a way for the Moonbeam community to obtain Glimmer (GLMR) tokens in anticipation of the Moonbeam network launch.
- Transak Integration Enables Direct Transfers of MOVR and GLMR via Debit/Credit Cards: The Moonbeam Foundation announces its collaboration with Transak. Now, eligible users will be able to easily purchase MOVR tokens (and GLMR tokens once the Moonbeam Network is launched) by using their debit or credit cards and initiating a transfer to their address. This will be available on the Transak website, as well as through DApps building on Moonriver.
- Dapplooker Dashboard to Support Moonbeam Network: Moonbeam announced an integration with Dapplooker, multi-chain analytics & visualization platform for blockchain projects. Developers on Moonriver (and Moonbeam once it launches) can use the Dapplooker dashboard to analyze their on-chain data.
- Integrate MetaMask into a DApp: Learn how to create a “Connect to Moonbase Alpha” button for your dApp. Users will no longer need to know or worry about network configs.
- Kusama parachain Moonriver exceeds expectations with 2 million transactions: Moonbeam’s sister platform has seen huge success less than a month after it launched on Kusama.
- Create your token on Moonriver without coding. MyWish platform makes smart-contract creation simple. Follow the steps from the tutorial to make your own token on Moonriver Network.
- Moonbuilders Workshop — Crowdcast.
Scaling
Astar Network (previously Plasm Network)
- EVM launch event — #NFT
- My Crypto Heroes, the world’s №1 DAU blockchain game is coming to Shiden and Astar
- Astar/Shiden & Cosmos Bridge Proposal by Octopus Network has been approved by the community.
Celer
- cBridge 2.0: Coherent Blockchain Interoperability Powered By The State Guardian Network: Enter cBridge 2.0: an innovation-packed major upgrade. cBridge 2.0 introduces the best-in-class cross-chain token bridging experience with deep liquidity for users, highly efficient and easy-to-use liquidity management for both cBridge node operators and Liquidity Providers who do not want to operate cBridge nodes, and new exciting developer-oriented features such as general message bridging for cases like cross-chain DEX and NFTs. All of the above is made possible by extending the existing functionality and services provided by the Celer State Guardian Network (SGN) powered by validators and stakers in the system with value capture.
- cBridge just summited the $300M Total Cross-chain Volume Mountain.
- cBridge now supports WBTC.
DeFi
Acala
- The new LKSM/KSM liquidity pool has been launched in Bootstrap mode on Karura Swap. Karura app.
- Acala Launches First Liquid Staking Product for Polkadot & Kusama in Partnership With Blockdaemon: Acala announced its partnership with Blockdaemon, a top-performing blockchain infrastructure provider, to support its newly-launched staking derivatives for Polkadot (DOT) and Kusama (KSM).
- Acala Ecosystem Update — September 2021
- Acala Accelerates Toward HyFi Future With Chainlink Oracles
Composable Finance
- Composable Finance Integrates zkSync into its Layer 2 Bridging Tool: Composable Finance to bring zkSync into its cross-layer capable solution, integrating this major scaling platform with Mosaic. Through this incorporation, they bring about cross-layer capability for the increasingly large number of protocols leveraging zkSync’s scalability technology.
- Picasso Crowdloan plans for Future Kusama Auctions: Composable Finance announced additional rewards for their crowdloan.
- Expanding the Mosaic PoC: Accepting SushiSwap LP and Aave aToken Deposits & Swaps
- Direct Pool-to-Pool Transfers: Curve TriCrypto LP Tokens Have Been Added to Composible PoC: Mosaic users are able to move liquidity providing positions from one Curve pool to another by swapping their TriCrypto LP tokens on Mosaic.
- Composable team introduced the Picasso Incubator Pool — a novel strategy which provides exposure to new Picasso projects for PICA stakers.
- Composable and HydraDx teams have partnered in a joint venture to build out Angular Finance — an isolated lending pair pallet for the Kusama ecosystem. Learn more.
- Picasso announced the first use case of Mosaic-Cross-layer NFT swaps across Polygon/Arbitrum/L1. They are working with Aleph.im to leverage its permanent data storage solution for our cross-layer NFT infrastructure, powered by Mosaic. Learn more.
Equilibrium
- Genshiro’s Closed Beta Is In Full Swing: The Genshiro team launched a standalone substrate and a closed beta for it on September 2. Those who participate in this beta program are the first to gain access to the cross-chain DeFi products, including borrowing, earning yield, and liquidity farming (with up to 25% APY). They will furthermore get an extra 5% APY in GENS (via liquidity farming) on their average deposit during the first three months after Genshiro launches.
- How To Use The Genshiro Closed Beta
- What We Covered At Equilibrium’s Tenth Community Call: Equilibrium’s tenth community call has come and gone — were you there?
- How Do You Use The Polkadot.js Extension And Vote For Kusama Parachains?
HydraDX
- Road to Hydration (part 3): A Proposal for Sustainable Growth.
- HydraDX is planning a meetup in London for October 28th.
- HydraDX & Basilisk AMA.
StaFi
- StaFi Q4 Roadmap Exploration on an open staking derivative platform: In Q4, the team will continue to develop new rTokens. As people are deepening their understanding of staking derivatives, they believe that StaFi will be more widely adopted gradually. The current projects built on CosmosSDK or Substrate will be able to leverage StaFi Open Platform in the future to realize the cooperative development of rToken, which will also greatly speed up the development of rToken and allow more developers to work on Staking Derivatives together. StaFi Open Platform will also be a major development work in Q4 and even the next half year.
- StaFi Protocol Monthly-September Community Updates: In September, the rMATIC and rBNB App were successfully launched on the StaFi mainnet. At the same time, preparations for launching the rSOL App were completed and the official launch is expected in early October.
- Meanwhile, the Yield Farming campaign jointly released by StaFi, Liqee and dForce has greatly contributed to StaFi’s TVL and we have kept the community updated with the detailed TVL growth figures.
- StaFi Officially Announces rSOL Liquidity Solution for Solana Staking
- rSOL app is live on mainnet now:
Zenlink
- Zenlink 2nd Community Beta Test Ends, and Zenlink DEX EVM Submitted to Security Audit | Monthly Updates (Sept. 2021): In September, the team made very substantial progress, both in terms of the Zenlink DEX Protocol and Zenlink SlotVault.
- Zenlink Community Carnival Season1 Winners Announced: Zenlink Community Carnival Season 1 came to an end on September 19, so the much-anticipated winner announcement is here.
Privacy
Phala Network
- Recap: Phala Chamber #3 — Khala Secure Worker Mining: This is the Q&A collection for Phala Chamber 003 in case you missed the live stream.
- Over 50.85 Million PHA Staked | Phala Weekly Vol. 52
RAZE Network
- Raze Growth Plan: The RAZE team shared Raze Network’s growth plan and future vision.
- Raze Network Monthly Review #7
- Raze Ambassador Program Update
Data
Crust Network
- 2,000 Petabytes Of Unstoppable IPFS Storage Will Be Available For Elrond NFTs And dApps Via Decentralized Storage Solutions From Crust: Crust Network collaborates with Elrond Network. Through the collaboration, developers building on the Elrond Network will gain access to over 2,000 Petabytes of storage on more than 7,000 IPFS servers spread all over the world.
- Crust Network Partners with NEAR Protocol to Introduce Decentralized Storage Solutions: Crust Network partners with NEAR Protocol. Crust Network is ready to facilitate Web3.0 style, decentralized storage experiences for NEAR users and developers with its 6,000+ IPFS nodes and approx. 2,000 Petabytes of storage capacity available.
- Crust Weekly Stats. | Oct. 4th 2021
- Crust Project Development — September 27 — October 3
Ocean Protocol
- Ocean’s on Moonriver: Ocean Protocol smart contracts and Ocean Market are on the leading EVM Kusama Parachain, to unlock the Web3 Data Economy for the Polkadot ecosystem.
- How To: Unlock Higher Funding Levels in OceanDAO: An explainer on how to complete proposals and improve your runway in OceanDAO grants.
Oracle
Chainlink
- Acala Accelerates Toward HyFi Future With Chainlink Oracles
- Gemini Will Build Bridges To DeFi With Chainlink Proof Of Reserve
- Linear Finance Meets Scaling Needs With Chainlink Oracles
- September 2021 Recap: Chainlink Announces Fall Hackathon And 84 New Integrations Including Cardano, Gemini
Kylin Network
Other
Polkasocial
- Polkasocial Metamask integration is now complete, Polkasocial dual IDO launch is coming soon. More info.
- Polkasocial has burned 25 million tokens prior to TGE: The Polkasocial Network team has announced that it has burned 25 million PSN tokens today and is also focusing on other development goals for the project even prior to listing.
Humanode
- The Humanode testnet — Sachiel — is live. On September 28th, 2021 the Humanode announced the launch of their first-ever testnet — Sachiel. Sachiel, which is onboarding in batches of 50 people, is an Aura and Grandpa testnet based on those consensus modules of Substrate modified for biometric authentication. The participants are able to go through a biometric enrollment process and become human nodes, validate blocks, send transactions, and take part in the $100,000 anti-spoofing bounty program by Humanode partner, FaceTec. For those, who haven’t applied yet, sign up for the Humanode testnet here.
- Humanode Dev Report 7: The Humanode teams shared some bullet points to shine some light on the exciting advancements that they have been working on.
- The Humanode core team published the Humanode Whitepaper v. 0.9.6 “You are [not] a bot”.
- [Humanode Special Interview Series]: Victor, co-founder of Humanode; Sasha, a researcher at Humanode.
- Biometric-based OTC markets
Robonomics
- The project developers have implemented 2 important changes in the operation of the Robonomics parachain. The first is the inclusion of XRT staking, and the second is the launch of the first on-chain governance mechanisms.
MISC
- The first draft of the “Polkadot for Beginners” book has been posted on Polkassembly.
- Singular: Kusama-native NFTs: Mint and Trade Kusama and Polkadot NFTs:
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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