State of Stake #31
3rd September — 10th September
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 31st 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 3rd September — 10th September 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 current Staking Market Cap (valuation of all projects that have a staking mechanism) is now about $36.8 billion USD, while a week ago it was nearly 44.4 billion.
- Robust Proof of Stake: A New Consensus Protocol for Sustainable Blockchain Systems by Aiya Li, Xianhua Wei, Zhou He
This paper proposes a new Robust Proof of Stake (RPoS) consensus protocol, which uses the amount of coins to select miners and limits the maximum value of the coin age to effectively avoid coin age accumulation attack and Nothing-at-Stake (N@S) attack. Under a comparison framework, the authors show that the RPoS equals or outperforms Proof of Work protocol and Proof of Stake protocol in three dimensions: energy consumption, robustness, and transaction processing speed.
- Stafi Mainnet is live
FIS holders can now stake $FIS, earn staking rewards (current ARP is 2.5%~10%) while providing security to the network. It is NOT recommended to transfer FIS Token at the beginning, due to the fact that the mainnet may not be fully stable just yet. Node operators can register as validators: 60 seats are open, the numbers will increase from 60 ~ 120 within a few days.
- IRIS Bifrost-0 Testnet
As the current version is still in rapid development, incentived and rewarded tasks will not be released in this phase. This phase is intended for either testing wallets, exchanges and block explorers against the legacy Amino REST interface, and iving node operators and validators an opportunity to test their integrations against a work in progress version.
- Stargate-2 testnet is live
This release fixes issues with Legacy Amino that were discovered in stargate-1. The team believes that this version is now good to test for exchanges and wallets. The testnet is intended for testing wallets, exchanges and block explorers against the legacy Amino REST interface; giving node operators and validators an opportunity to test their integrations against a work in progress version; playing with new Stargate features including IBC but real testing of IBC will wait on Akash updating the Relayer and possibly a future testnet.
- Tether to bring USDt to the Solana Network
This strategic initiative is a significant step for Solana and will be instrumental in advancing the network. After the technical integration is complete, USDt holders will be able to exchange tethers at speeds greater than 50,000 transactions per second — often for less than $0.00001 per transaction — using the Solana network. Both are step-function improvements to the status quo. Speed and costs are two of the largest barriers holding back DeFi today. This new initiative will open up an entirely new design space and use cases for stablecoins within the DeFi ecosystem.
- Cosmos Network Partners with Persistence One to launch ‘HackAtom India: Build the Cosmos’
‘HackAtom India: Build the Cosmos’ is the first virtual Cosmos Hackathon to give developers in India a chance to begin their journeys into the Cosmos ecosystem. HackAtom is the annual flagship Hackathon hosted by Cosmos. The aim of HackAtom is to encourage developers
- Introducing Launchpool, a Secure Way to Farm New Assets — Farm Launchpool’s First Project, Bella Protocol (BEL) By Staking BNB, BUSD, or ARPA Tokens
Binance is excited to release Launchpool, a new product where users will be able to acquire new token rewards in return for staking BNB, BUSD and other tokens. The first project to be hosted on Launchpool is Bella Protocol (BEL). Users will be able to stake their BNB, BUSD or ARPA tokens into three separate pools to farm BEL tokens over 30 days, starting from 9th September.
…and a lot more!
For a full update, please tap here.