Paradigm
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Paradigm

State of Stake #16

8th March — 21st March

Market overview

Source: stakingrewards.com
Source: stakingrewards.com
Source: stakingrewards.com
Source: stakingrewards.com

Current Value in Staking by Asset

Source: stakingrewards.com
Source: stakingrewards.com

Think & Stake

  • 5 coins with the highest adjusted annualized staking reward. The adjusted reward is the annual reward rate adjusted by the annual dilution of the network. Staking is the process of locking cryptocurrencies to receive rewards while contributing to networks. Data from Staking Rewards.
Source: ICO Analytics
  • Interview with Niklas Nikolajsen from Bitcoin Suisse. Niklas Nikolajsen is the Founder and Chairman of Bitcoin Suisse. The services provided to the global institutional and private client base include Prime Brokerage, Custody, Collateralized Lending, Staking, Tokenization, Payments and other related services.
  • Centralization of Stake in PoS — With many different blockchain ecosystems and networks striving for decentralization, POS Bakerz wanted to give a quick overview of their current centralization status.

Top 10 Concentrations Across Key Protocols:

The table below shows the ICON Network’s percentages when it comes to delegation. The current number of P-Reps (validators) of the ICON Network is 100, with an additional 15 candidates listed. The top five validators have a total vote percentage of 44.2%, the top ten a shocking percentage of 59.8%.

When we take a look at the Tezos ecosystem (see table below), we can see that the top five validators have 24.2% of the voting power, the top ten 40.8%. The Tezos ecosystem currently has 429 active bakers.

Check the article for more info!

  • Bakers Are Not Protocol Politicians — DAO Baker (an automated baking management system) focusing on the governance element that enables a zero barrier participation layer, and ensures voices from every corner of the Tezos community are registered and heard keeping its augustness. The mission is to make Tezos baking more decentralized with minimal interference from external discretionary entities. If you haven’t read the piece on automated monetary management for baking, it is highly recommended to read their previous article.
  • Chorus One Podcast — 33 Oasis: Privacy-Preserving Smart Contracts with Andrew Miller and Vishwanath Raman. In this podcast episode, Meher and Brendan are joined by Andrew Miller and Vishwanath Raman, who are part of the Oasis Labs team working in product marketing (Andrew) and engineering (Vishwanath). The four start with a discussion of how Oasis got started and the connection to UC Berkeley. Then, in the first part of the interview, an overview of the Oasis protocol and key target markets follows. The episode discusses how the Oasis privacy protocol works technically and how it compares to other privacy-enhancing solutions. Specifically, Andrew and Vishwanath walk through a voting example and go through other use cases, features of the Oasis blockchain, the project’s go-to-market strategy, as well as the roadmap including the ongoing incentivized testnet “The Quest”. Finally, the four discuss implications of Intel security vulnerabilities and the developer experience of writing privacy-preserving smart contracts.
  • Smaller Validators Need a Bigger Voice — an article by Chris Remus.

It’s not too late for smaller validator operators to take steps that lead toward a different future. Chris Remus proposes some ideas on how to do that:

  1. Contribute where you can
  2. Vote
  3. Connect with and support each other
  4. Continue to advocate for smaller validators
  5. Apply for grants

Upcoming Staking Events

  • 25th March 2020, 4 pm CET — LiquidStaking Working Group call focused on staking-related financial products. Details.
  1. Terra presenting on Anchor (principal-protected staking)
  2. Unslashed Finance presenting their slashing insurance model
  • 16th April 2020 — Intro to Polkadot, Kusama Network, and Substrate, Washington, US
  • 25th April 2020 — Tezos Baking Tour: Thailand by Tezos Southeast Asia & Blockspaper. Tezos Southeast Asia’s next stop in the Tezos Baking Tour is Bangkok, Thailand! Join TSA and Blockspaper and learn why you should be part of the Tezos community and how you can earn a passive income through validating (a.k.a. ‘baking’) on the Tezos blockchain through this hands-on workshop. Bring down your laptop and interact with their developers at the workshop where they will guide you step-by-step.

Recent Staking Updates

  1. Three successful mainnet launches, culminating in Cosmos Hub-3
  2. Multiple millions of blocks validated over three mainnets
  3. A decentralized community of 125 mainnet validators
  4. An average of ~7s per validated block
  5. 15 on-chain governance proposals created and voted on
  6. 300,000+ ATOMs added a community pool

Another decent article regarding the anniversary you can find via the link.

  • 50 Mission-aligned organizations join the Celo Alliance for Prosperity. The Celo Foundation announced fifty founding members of the Celo Alliance for Prosperity. The Alliance members are all committed, in their own unique way, to helping ensure that Celo — a decentralized and open-source platform — delivers on its mission to enable prosperity for everyone. The goal of the Alliance is to bring organizations together to help with the shared vision of making digital assets more accessible and useful in the real world. Members include a Nobel Prize-winning global microlender, a highly innovative payment processor in Brazil, a company enabling mobile top-ups with Celo Dollars around the world, leading global humanitarian aid organizations, an exchange in Africa that supports nine different fiat currencies, two of the largest blockchain wallets, leading blockchain infrastructure providers, and two of the most highly regarded investment firms.
  • Bluzelle’s CURIE TestNet is now Live! The team has been working hard the past several months, updating the consensus engine to use the Cosmos + Tendermint technology stack, a key component of the decentralized database. Three primary interfaces that developers can interact with:
  1. At the lowest level, there is a JSON-RPC interface to Tendermint, which the Bluzelle command-line interface (blzcli, discussed below) can talk to.
  2. At the middle level, there is a RESTful interface that enables use of the Bluzelle REST API. BLZJS (discussed below) uses this RESTful interface to connect to Tendermint.
  3. At the highest level, there is BLZJS, the newly updated version of the Bluzelle JS library.

The demo video is available here.

Goal: Overcome the bootstrapping problem of USDX liquidity by incentivizing the creation of 10M+ USDX backed by 30M+ USD of collateral assets.

Methods:

  1. Modify the KAVA inflation curve so that additional KAVA is created and used for growth incentives.
  2. Asset holders will be incentivized, in the protocol, on the amount of USDX they mint and on how long their USDX is minted for.
  3. To avoid large initial increases in circulating supply, additional KAVA will be locked for 52 weeks before becoming liquid.

{Chainlink}

In total, node payments have increased from $400 of LINK per day to approximately $7,000 of LINK per day, a growth of 17.5x. Active node count has increased from three to 31, a growth of 10.33x. Payments per day have become more volatile as oracle networks can update on a static schedule (e.g. hourly, daily) and/or now a deviation based schedule (e.g. 1% deviation since last update). This chart shows the LINK payments to each node per day, multiplied by the LINK/USD close price each day.

Check the full update to learn more about data-driven insights and advanced metrics!

{Polkadot}

  1. Kusama currently has 378 nodes running, with 180 validators producing and finalizing blocks. Additionally, 520 nodes are running other Substrate-based chains, which can be parachains on Polkadot or Kusama. The latest statistics for all chains can be found on the Polkadot telemetry server (link).
  2. Currently, the validators on Kusama are backed by a total 3.201 million KSM, or approximately US $4.7 million. This has more than doubled from January, when less than US $2 million worth of KSM was staked.

And a lot more!

  1. Everstake Weekly Update Recap (March 9, 2020) & (March 16, 2020):

{Tezos}

  1. Tezos Network has been successfully upgraded to Carthage.
  2. Crypto Against All Odds Game Features Tezos
  3. SmartPy announces its anniversary release
  4. Tezos Foundation Invests in Zabo
  5. TQTezos introduces a proposal related to FA2 contract interface
  6. Binance adds XTZ/BUSD and XTZ/USD support
  7. Beacon Wallet now supports signing transactions through browser dapp
  8. madfish Solutions publishes the Web Wallets & Security (ThanosWallet Update #3)
  9. Cryptonomic releases a migration guide from TezBox to Galleon
  10. Migrating AtomicSwap smart contract from Solidity to Ligo

{ICON}

  1. Everstake has released the ICON video explainer
  2. First rewards for ICON Vote Monitor Bug Bounty were successfully distributed
  3. ICON Foundation approves 4 grant requests — DappReview, Atomic Wallet, FutureICX, and Fortmatic
  4. Rhizome conducts 3rd P-Rep meeting related to ICON ecosystem enhancements
  5. ICON Monitor supports checking activity of 200 largest accounts
  6. The P-Rep governance meeting #2 has been conducted successfully!
  7. The ICON Foundation created a network proposal for IISS 3.0
  8. Read the latest ICON Newsletter #9

{EOS}

  1. EOSIO releases publication regarding Smartpress Smart Contract Cloud
  2. WAX enters into the partnership with Topps
  3. Daniel Larimer published an article regarding the evolution of database systems on EOSIO
  4. Equilibrium plans to visit the CryptoCompare Digital Asset Summit
  5. South Korea implements an identity system based on the EOSIO blockchain
  6. DAPP Network integration on WAX is now live
  7. A new proposal for a Worker Proposal System on EOS
  8. Binance will support EOS staking

{Cosmos}

  1. Figment Network published the Cosmos Governance February Update
  2. Christopher Goes makes a quick update on IBC
  3. The IRISnet team open-sourced IRITA
  4. CosmWasm Kontraŭa will go live soon
  5. EVERETT introduces Keplr:: an Interchain Wallet for Cosmos Applications
  6. Guarda Wallet releases a video-guide for ATOM staking

{IOST}

  1. IOST Mainnet Version 3.3.2 is launched
  2. 4lockchain x Energy Consortium Kickoff Event in Japan
  3. League of traders partners with IOST
  4. The IOST Node Program v2.0 has been launched
  5. IOST partners UZH Blockchain center to foster education in Europe
  6. JetStream has released a new account creation guide for IOST ecosystem
  1. Now you can track the amendment process using Teztracker. It provides detailed information on each voting period with participation rates, quorum specs, and many other things.
  2. Using Teztracker you can also check Bakers’ participation in the governance process.
  3. Added a separate list for public bakers. Initially, they wanted to use BakerRegistry as a primary source of information, however, as of today, not many delegation services have submitted their information on-chain.
  4. A few UI/UX fixes, added the possibility to select the number of items per page and sorting buttons for bakers.
  • All 12% IOTX has been deposited into the protocol’s reward pool. According to the plan, 12% of total IOTX coins are reserved for Roll-DPoS mining. When the mainnet was launched last year, 2% of total IOTX has been deposited into the reward pool (which also collects all gas fees) and, IoTeX Foundation has deposited the remaining 10% of total IOTX into this pool (tx1, tx2) after one year of smoothly running of the protocol.
  • Check the recent biweekly updates on PoS Networks, created by Paradigm Fund:
  1. Tezos
  2. Orbs
  3. Cosmos
  4. Theta
  5. ICON
  6. IOST
  7. Ethereum
  8. Polkadot
  9. Chainlink

This is not financial advice.

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Paradigm is an ecosystem that incorporates a venture fund, a research agency and an accelerator focused on crypto, DLT, neuroscience, space technologies, robotics, and biometrics — technologies that combined together will alter how we perceive reality.

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