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State of Stake #28

14th August — 20th August

State of Stake is a series of curated news, research, updates, and events in the Proof-of-Stake ecosystem. Stay informed with the biggest PoS networks and all things Staking. Now weekly! This is our 28th report that we are happy to release it in collaboration with Staking Rewards! Staking Rewards provides trusted access to all passive income opportunities with regard to digital assets. They are curating knowledge and data to build a healthy staking and DeFi ecosystem. Staking Rewards’ core focus are Proof-of-Stake Protocols which enable passive returns through staking. They also cover Masternode Coins, Dividend Tokens, and Lending Protocols.

In this update, we examine the period from 14th August — 20th August with a general overview of the market, highlighted research in the space, news on all launched staking networks, updates on all the upcoming PoS networks, the latest developments from staking infrastructure providers and a handful of staking-related events.

  • The Launch of Staking Academy

Staking Academy is a content aggregation platform for everything staking related. The Staking Academy provides new users with an information source to get started & more seasoned stakers can browse through a variety of articles, podcasts & events.

  • Polkadot Transferability and Redenomination Public Notice

Token transferability was enabled, exactly at block number 1,205,128 on August 18th at 16:39 UTC. This will not change the denomination of DOT (old) which still represents 10**12 Planck. The redenomination will occur approximately at around 16:40 UTC on the 21st August, exactly at block number 1,248,328 where each New DOT will represent 10**10 Planck, 100 times less of an amount.

  • Rainbow Validator — IRISnet Validator Grants Program

IRIS Foundation launched Validator Rewards Program, which aims to support and reward validators, further boosting the participation of newly-joined validators, encouraging active community outreach by validators, and incentivizing active engagement in the IRISnet ecosystem for increasing bonded tokens. “Rainbow Validator” is a monthly award in this program. IRIS foundation will select up to 3 validators from the validators who applied every month and reward them each with 10,000 IRIS.

  • CosmWasm Launches Its Permissioned Testnet, GaiaFlex

GaiaFlex testnet will demonstrate the usage of a governance-permissioned contract system for the Cosmos Community. GaiaFlex functions much like Coralnet, but the main difference is that GaiaFlex is permissioned meanwhile Coralnet is permissionless. They configured GaiaFlex such that the on-chain governance must approve all contracts uploaded and instantiated except their execution.

  • Staking for Waves’ Neutrino Dollars Comes to the Ethereum Network

The Neutrino protocol, a price-stable multi-asset protocol running on major blockchain platform Waves, is introducing the Neutrino dollar on Ethereum. The Neutrino dollar, an algorithmic stablecoin collateralized by the Waves native token, is now available for all Ethereum users as the token has been ported to the Ethereum blockchain, Waves announced on Aug. 18. The token yields 8% to 15% annually when staked, Waves representatives say.

  • Elrond Mainnet wallet is live

This is the wallet where you’ll store the Elrond tokens, so it’s of the highest importance that you guard it safely.

  • Bluzelle Guide for Token Conversion & Staking — How You Can Stake In Phase 1 Soft Mainnet

In this article, they explain how you can convert your ERC-20 BLZ Token to the Bluzelle BNT Token which will be used for staking all other transactions, including staking on the Bluzelle network. While Bluzelle is having own chain, they have to maintain the ability for BLZ tokens to be exchanged with other. Therefore they will still remain as a dual-token system.

  • Skale Network auction is delayed

The SKALE token launch was scheduled to 17th August on ConsenSys’ Codefi Activate platform. In a move aimed at dampening overspeculation, buyers would have been required to delegate at least half of their SKL tokens for 90 days before being able to transfer them. Due to the high amount of site traffic, the SKALE and ConsenSys teams have decided to delay the token sale. The new date for the token sale has yet to be announced.

  • Graph’s Mission Control is live

Over 200 Indexers have deployed Graph Nodes and are getting ready to index subgraphs & stake on the protocol. Rewards will be allocated based on performance and collaboration throughout the testnet, including quantitative and qualitative factors like query volume, profit maximization, data sharing and feedback. The Graph will be providing up to 3% of the total GRT supply towards rewarding contributors. A separate Bounty Program for reporting vulnerabilities in The Graph Network will also start later in the testnet.

  • Stkr Introduced by Ankr

Stkr is an Ankr powered decentralized protocol that will change staking, forever. Stkr is a decentralized protocol and platform that combines staking and DeFi, implementing elements from traditional staking with non-custodial staking, Micropools and decentralized governance. The protocol will bring benefits to staking, in a way that Ankr has done for node hosting: it removes barriers of entry, simplifies participation and opens Staking up to everyone, without depending on any centralized authority.

  • RAMP DEFI — Unlock Liquid Capital from Your Staked Digital Assets

RAMP DeFi proposes that the staked capital on the non-ERC20 staking blockchains be collateralized into a stablecoin, “rUSD”, which is issued on the Ethereum blockchain via a gateway bridge. Similarly, users on the Ethereum blockchain can mint “eUSD” by depositing their ERC20 stablecoins into RAMP’s eUSD liquidity pool. rUSD holders and eUSD holders can borrow, lend or exchange rUSD/eUSD freely, creating a seamless capital “on/off ramp” for users with capital locked into staking arrangements.

And a lot more!

For full update, please tap here.

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