Paradigm’s biweekly update on Proof-of-Stake ecosystem, 26th November — 10th December
Global Market Overview
The current Staking Market Cap (valuation of all projects that have a staking mechanism) is now about $106.6 billion USD, while two weeks ago it was $45.6 billion.
Over the last two weeks, POS Dominance increased from 21% to 51%.
Now, the leading projects by locked in staking are Polkadot, Cardano, EOS, Tezos, Algorand, and Cosmos. Avalanche is currently rated 7th.
Current Value in Staking by Asset
Think & Stake
Combining staking and liquidity provisioning
by Paradigm in cooperation with Orbs as part of Orbs DeFi Grant Program
This research paper intends to give a theoretical overview of contemporary approaches to staking combined with liquidity provisioning.
A taxonomy of blockchain consensus protocols: A survey and classification framework
by Sarah Bouraga
This work demonstrates that multiple consensus have been proposed in a short period of time, and highlights the differences between these protocols. Furthermore, it is suggested that researchers and practitioners who aim to propose consensus protocols in the future should pay attention to all the dimensions presented in the classification framework.
Proof-of-Stake Networks’ Updates
Ethereum 2.0 is live!
The first block was proposed right on time at 12:00 UTC on December 1st, 2020.
- Guardians of Ethereum: a Validator DAO proposal
- ETH 2.0: The Next Evolution of the Cryptoeconomy
- Ethereum 2.0: What You Need to Know
- Exploring the first 1000 epochs of eth2
- MyEtherWallet Now Supports Ethereum 2.0 Staking
- There are now more Ethereum nodes than Bitcoin nodes
- What does phase 0 actually mean for eth2?
- Ecosystem Support Program Allocation Update: Q3 2020: A healthy update from the EF’s ecosystem support program this week going over all of the teams and individuals that they supported during Q3 of 2020.
Check out our recently-published ‘Defi in Ether’ — biweekly update on Ethereum DeFi ecosystem vol.19 full of news from the ecosystem: Aave V2 on mainnet, Yearn merges DeFi, Loopring’s zkRollup AMM is here, GnosisDAO announced, Nexus Mutual’s Custody cover is now live, Melon integrates Synthetix, The DeFi Bridge integrates RenVM, and much more!
SKALE Network
- SKALE is launching ‘Ambassador Gamez’ — the intraplanetary adventure for those who want to join the SKALE Ambassador crew and drive protocol education in their language and geo. Gamez are incentivized with SKL.
- Foundation Treasury, Ecosystem Fund, and Protocol Development Fund Update: a transparent update to the Token economics and Foundation held tokens.
- SKL Exchange Listing Update: After 3 years of hard work, a fully decentralized Mainnet Launch on October 1st, and 2 full epochs of the SKALE Mainnet running in a fully decentralized manner, the SKL token is ready to go liquid.
- The SKL token is now listed on Binance, Huobi, and Uniswap.
- New episode of ‘Code & Dapps Updates’ is live. Exchange listings, Intel SGX secure enclaves, Testnet 2, integrations, staking, and much more.
Avalanche
- Avalanche Joins the Blockchain Game Alliance (BGA)
- Securitize Becomes First Security Token Platform to Integrate with Avalanche bringing unprecedented speed and cost savings to the digital securities market
- Hummingbot Launches Liquidity Mining Program for AVAX
- Voyager Digital Lists Avalanche (AVAX) As First U.S. Listing
- Introducing Kurtosis: A Complete Testing Platform to Accelerate Development on Avalanche
- State of Avalanche Telegram AMA with the Ava Labs Team on December 3, 2020
- Pre-Apricot (Phase Zero): Critical Node Upgrade Required by December 7th, 2020: the team released Phase Zero of the pre-Apricot upgrade
Cosmos Network
IBC is coming: the Stargate testnet is officially up and running!
- Cosmoshub-test-stargate-e launched.
- Ongoing Stargate-5testnet is focused on integration testing on legacy amino for service providers (wallets, explorers & exchanges). New CosmWasm testnet, Musselnet, fleet is running with full Cosmos Stargate support.
- On November 26th, ChainSafe announced the launch of the first public Ethermint testnet. The purpose of this initial public testnet is to allow developers to deploy and test existing smart contracts from Ethereum or any new code they would like to write on this exciting new platform. Users are also encouraged to connect to these contracts using Web3 tooling and to test existing functionality. Validators and infrastructure providers may also connect to the testnet to become familiar with the software, but this first testnet will not be incentivized. Users can look forward to the Game of Ethermint, the first incentivized testnet which will come out in Q1 of 2021.
- ICF Update — Dec 1st: ChainSafe Conference and Ethermint Testnet; UX Working Group Chain Registry; Ape Unit Stewarding UX Working Group; NFT Working Group RFC on Specs; Confio Delivers CosmWasm IBC Testnet and New Features (Random Beacon, Multi-Sig, Sub-Keys, IBC Visualizer, Dapp StarterKit); Chainapsis Delivers New Keplr Features (Akash & Starname Networks, Vesting Accounts, CW20 Tokens, Advanced Account Importing, Multi-Currency); Althea gets Peggy an Audit from CertiK; ZKSummit Videos Coming Online; WalletConnect Published v2 Alpha; Akash & IBC Relayer.
- Cosmos on Stackexchange.com
Check out our latest biweekly update on Cosmos ecosystem vol. 36 covering the following topics: Cosmoshub-test-stargate-e, Ethermint public testnet, BigBang testnet to phase-2, CosmWasm’s Musselnet, Cosmos SDK v0.39.2 is out, Proposals 31 and 32 are in the voting period, Akashian Challenge-3, Secret Network partners with Ocean Protocol, Rehearsal for Bluzelle network’s hard fork is ready to commence, and more!
IRIS Network
- IRISnet Monthly Update 2020.11 — Community & Technical Recap
- HBTC Chain & Ti-Labs established a strategic partnership to jointly facilitate the Cosmos ecosystem: On December 9, 2020, HBTC Chain announced that it has reached a strategic partnership with Ti-Labs to jointly develop the ecosystem of Ti-Labs. This strategic partnership will promote the sharing of resources, technological exchange, blockchain application, industrial development, and promote the ecological development of Cosmos.
- The Eighth Implementation of the Community-centric Delegation Campaign & the Second One-year Token Burn Plan
- Bianjie Joined the IEEE SA Corporate Program and Participated in Developing Blockchain-related Standards
- Rainbow Wallet Released v2.9.5
- AMA Recap | BSN’s interoperability brought by IRISnet/IRITA
- Jeffrey Hu will give a keynote speech at Cosmos Interchain Conversations II Virtual Summit at 8pm PT December 12th:
Terra
- Introducing BuzLink: Scaling Social Referrals: Powered by smart contracts on Columbus-4 mainnet on Terra, BuzLink is a blockchain viral marketing tool to scale social referrals. Capitalizing on the lack of transparency and one-sided nature of existing referral programs, BuzLink takes social referrals to a new level by enabling all users who share a product link benefit when a user buys the product. Awards are distributed to each user in Terra stablecoin rewards according to their degree of relationship to the buyer. As value accrues for each user in the process, BuzLink creates an in-built system of transparency and trust by visualizing the flow of referrals each step of the way using blockchain technology’s immutable tracking capabilities.
- The creators of Terra announced the launch of the Mirror Protocol, a way to mint crypto assets that mimic the value of shares in publicly traded companies like Apple or Tesla.
- Band protocol to support new synthetic asset protocol Mirror, crafted by Terra, powered by BAND oracle.
- November 2020 Community Update: In November, the team celebrated a number of exciting milestones: CHAI’s monthly payment volume surpassing 100 BILLION KRW, the launch of Uniswap-like AMM DEX Terraswap, and UST listing on KuCoin as a quote currency, to name a few.
- Earning and Claiming MIR as a LUNA Staker on Mirror Protocol by Figment.
Kava Labs
- Kava is Listing on Injective’s Solstice Testnet
- KAVA is now listed and available for trading on CEX.IO.
- Reef Finance Integrates with Kava to Offer World-Class DeFi Services to Users: The leading DeFi project in the Polkadot ecosystem, Reef Finance, has partnered with Kava. Reef will integrate IBC to create a cross-chain connection with Kava. It will be the first project built with Cosmos SDK to integrate with Reef.
- Perpetual swaps are now available on Huobi Global, China’s leading exchange.
Secret Network
- Secret Ethereum Bridge: Bridge Mining, Launch Date, and More: Launching December 14th, the Secret Ethereum Bridge brings the power of programmable privacy to ETH and ERC-20s at low cost. Learn how you can earn SCRT via bridge mining, add support for your favorite ERC-20s, and help Secret scale Secret DeFi:
- Holders of ETH and select ERC-20s will be able to lock their assets, create “secret” versions of them, and transact with them privately on Secret Network.
- This allows holders of these ETH assets to participate in bridge mining, where you can receive SCRT-based rewards just for locking your assets and receiving Secret Tokens. These rewards will begin soon after the bridge is launched, giving users some initial time to get familiar with the bridge.
- Users can then utilize any Secret Token (including secretETH, secretSCRT, and many more) to provide liquidity to the Secret AMM or participate in front-running resistant DEX swaps. The Secret AMM will be launching soon after bridge rewards are live.
- The bridge operating partners include Figment, Staked, and B-Harvest — all of whom are extremely experienced node operators (each supporting dozens of networks) and key contributors to the Secret ecosystem.
- The first ERC-20 confirmed to support on the Secret Ethereum Bridge is OCEAN.
- On December 14th, holders can use the bridge to bring privacy to their YFI and UNI and interact with Secret DeFi.
- More ERC-20 support on the Secret Ethereum Bridge: BAND.
Kira Network
- Introducing Phase One of the KIRA Liquidity Reward Program: the initial phase of the liquidity reward program is designed to incentivise the KEX/ETH Uniswap market and will run for a period of 30 days. There will be an option to extend this program further after the first phase, or run it in combination with the second phase of the liquidity reward program, which will be in partnership with the primary listing partner. During the first phase of the liquidity reward program, a total of 1M KEX will be distributed to KEX/ETH pool liquidity providers on Uniswap V2. This means ~33,333 KEX tokens will be distributed to Uniswap liquidity providers per day for the initial 30 day period. Tokens distributed via the liquidity rewards program originate from the community token allocation, reserved to incentivise all community related events and activities and are unlocked at the rate of 1M KEX per month.
- Looking Back and Looking Forward, KIRA, KEX and Everything In Between
Persistence
Key Details:
- Total rewards: 100,000 XPRT ($25,000 based on the latest valuation)
- Campaign duration: 21 days
- Start date and time: 26th November 2020, 12:00 AM PST (Block Height: 453,621)
- End date and time: 16th December 2020, 11:59 PM PST (Block Height: 672,440)
- Magic Transaction start date and time: 23rd November 2020, 12:00 AM PST (Block Height: 422,360)
- Network Rewards Pool: 80,000 XPRT
- AUDIT.one Rewards Pool: 20,000 XPRT
Band Protocol
- Mirror Protocol Integrates Band Protocol Oracles to Secure Over $50M in Synthetic Stocks and ETFs
- Band Protocol November 2020 Community Update: In the recap, the team covers the continuous improvements on BandChain, CosmoScan, developer client tools as well as a new dataset to be released soon.
- Acala Collaborates With Band Protocol to Release Open Oracle Gateway for Polkadot DeFi
- Band Protocol to be supported on the SecretNetwork Ethereum bridge upon launch.
Starname
- Uniswap Listing, General Guidelines: Some general guidelines about the upcoming Uniswap Listing and the bridge to Ethereum
- Partnership Announcement: Request: Invoicing and Getting Paid with starname
- Starname Premium Edition & IOV Token Giveaway: The team was launching a flash Christmas promo this week. They gave away 2 prizes of 350 IOV tokens to the community.
Akash Network
- The Akashian Challenge Phase 3: Week 2 LIVE
- Developing DeCloud: Product Update 2
- AKT Token Now on BitMart Exchange
Oasis Network
- The Oasis Network joins the BSN Platform Alongside Polkadot and Bityuan: BSN’s addition of the Oasis Network unlocks a new privacy-enabled blockchain for China’s developers.
- Bringing YFII to the Oasis Network: Expanding the Oasis Network’s DeFi portfolio with YFII’s yield aggregator.
- Data Staking Derivative — Oasis x StaFi: The Oasis Protocol Foundation and StaFi Protocol reached a strategic cooperation on December 1st. Both parties seek to ease the process of importing personal data into an exchange by data generators, which is based on Staking Derivatives(rToken). This will support the “Authorization” of personal private data in a decentralized way, which can be used by data generators to obtain revenue.
Bluzelle:
- Swarm of Duty II — Scaling Storage Capacity: As the team approaches production mainnet, they are launching Swarm of Duty II, a whole new episode to drive utility and storage capacity of the Bluzelle network. The more capacity they have the more customers they can support and the more BLZ fees earned by validators.
Tezos
- Tezos’ next upgrade, Edo, will utilize Zcash’s Sapling library to enable optional privacy for transactions.
- Tezos Community Update — December
- The Tezos community reward winners for November.
- A Closer Look into Ecoo
- New Kukai release 1.10 with support for Beacon v2: connecting the Tezos ecosystem: Kukai takes its next step with the release of version 1.10 enabling support for the latest Beacon v2.
- Latest Tezos weekly:
Polkadot
- Missed Polkadot Decoded? Videos of the talks are still available.
- Last week, Polkadot released details of its Thousand Validators Programme, which aims to maximize decentralization by encouraging more validators to join the network.
- Polkadot launches DeFi alliance with Chainlink and will let 1000 nodes bloom
- No-brainer staking experience for Polkadot with YieldScan — with complete control over your funds.
- Polkadot Digest 10th Dec 2020:
Near Protocol
- DEX aggregator 1inch has announced plans to port its protocol to NEAR, making it the first Ethereum-based DeFi project to build on the competing network.
- Near is now available on OKEx.
Solana Network
- Solana Network Update — Live Updates: Solana network outage on December 4th, 2020: At approximately 1:46pm UTC on December 4th, 2020, the Solana Mainnet Beta cluster stopped producing blocks at slot 53,180,900, which prevented any new transactions from being confirmed. The Solana team was actively working with the validator community to restart the network. The team’s primary focus was performing a smooth restart of the network. As of 9:30pm UTC 12/7/20, Solana Engineers have identified the issue and are working on a post-mortem. No funds are at risk and the network is functioning normally. Once the issue is fully patched and validators update to the fix, a comprehensive post-mortem will be published.
- Announcing The SOLAR Bridge: Bering Waters, a leading OTC, venture, and technology group based in Hong Kong, announced the “SOLAR Bridge,” a first-of-its-kind bridge linking Solana and Arweave.
- Huobi Lists SOL — Trading is Live
StaFi
- StaFi Protocol Monthly -November Community Updates
- StaFi rFIS Open Beta Officially Launched
- StaFi Officially Announces rFIS Liquidity Solution for Its Native Token FIS
Matic Network
- Supporting Blockchain Development at InOut 7.0: Matic has consistently been a strong supporter of InOut since its early days. Since 2015, InOut has been an event where tech leaders and the brightest minds come together to collaborate on building tools that solve real problems. Over the last few years, InOut has grown to become India’s largest community hackathon.
Elrond
- Orion Comes to Elrond: Liquidity as a Core Necessity for an Era of Internet-Scale Money: Orion Protocol creates a unique value layer connecting liquidity streams across centralized and decentralized exchanges in a seamless and automated way. By incentivizing a network of brokers, they effectively open an infinite bridge across many islands of liquidity located on disparate systems, enabling free flow between actors, platforms, and blockchains in a surprisingly simplified manner.
- DeFi Growth: Bonded Finance Joins The Elrond Ecosystem: The collaboration will first focus on making eGold available as a lending and borrowing asset in Bonded Finance’s inaugural product Ionic. Further collaboration will add more assets on the Elrond Network into Bonded’s products and plan the deployment of Bonded Finance logic on its blockchain. Through the strategic partner Orion Protocol, Bonded and Elrond will further seek opportunities related to innovative DeFi products involving Elrond’s unique Smart Contracts model and liquidity from all chains, pools, and exchanges.
- Builders at work: The Validators Dashboard By Easy2Stake: the team introduces the first tool which offers an overview of the Elrond blockchain at its infrastructure level. Currently pointed at its public testnet, the Easy2Stake dashboard offers an immediate look at the network’s health, as well as the individual performance of its validators.
- The Elrond Virtual Machine — Smart Contracts At Internet Scale: the 15,000 TPS metric measures how many “transferBalance” transactions can be executed on the Elrond network in one second and mostly indicates the efficiency of our protocol and its Secure Proof-of-Stake consensus mechanism. The design goal of its virtual machine architecture is to create a dependable execution environment whose speed and costs remain constant under heavy load, and which is able to scale with demand.
Icon
- ICON Development Roadmap Update — November 2020: Revision Update and Contribution Proposal System
- ICON Monthly Grant Update — November 2020: Six New Grant Approvals and Migration to Contribution Proposal System
NuCypher
- Bringing privacy to smart contracts is non-trivial: In this article, Ravital Solomon demystifies the challenges that arise from trying to extend private transactions to private smart contracts.
- NuCypher (NU) launches atCoinbase.com and in the iOS and Android
COTI
- Introducing COTI’s Global Trust System (GTS) for Bitcoin
- November Staking Rewards Have Been Successfully Distributed
- Always Bet on COTI
- Meet the Legend Node — The New COTI Community Node: With the next staking cycle approaching, the team introduces the newest addition to the COTI MainNet nodes- meet the Legend Node.
- $CVX 6th Claim has been Successfully Completed
- CVX has reached an All-Time-High as the market sees high volatility in BTC price levels
IOST
- IOST Mainnet Olympus v3.4.0 Upgrade — 30 Nov 2020
- IOST Bi-Weekly Report | 15 to 30 Nov 2020
- IOST x RampDeFi Update | rStake Live since 9 Dec 2020
- IOST-based Donnie Finance Listed on Top Korean Exchange CoinOne
- AMA Recap丨Former Google & Microsoft Engineer Shared Story Behind Watermelon (Xigua Finance)
- IOST Devs Program: Online Hands-On Blockchain Beginner Class for Japanese Developers
- IOST Nodes Showcase | 30 Nov 2020
Zilliqa
- Zilliqa (ZIL) Locked in Staking Hits > 27.47% of Circulating Supply
- Long-serving Zilliqan Matt Dyer Appointed Head of Sales and Marketing at Zilliqa
Orbs
- Orbs PoS V2.5 has officially launched: he Orbs network can now boast of having one of the most advanced and innovative proof-of-stake models amongst the crypto infrastructure projects. The team reminds everyone that now only V2.5 Guardians are eligible for staking rewards. They urge all delegators to make sure that they’re delegating their ORBS tokens to an active V2.5 Guardian.
- Round 7 of Orbs Rewards Distribution: On December 7th, 2020, the 7th (and last) round of rewards distribution occurred. This distribution marks the end of Orbs network v1, as the network moves to v2.5 with the updated, ongoing rewards accumulation mechanism.
- Orbs Update December 2020:
- Orbs PoS V2.5 Official Launch
- Orbs DeFi
- KBW 2020
- State of the Network
- Media Highlights
- Team Updates
DFINITY
- Introducing The Reboot, a New Publication That Critically Examines the Internet: The Reboot launches with a selection of articles from notable writers who have contributed to publications like Wired, The Atlantic, The New York Times Magazine, The Verge, The Intercept, Protocol, and the BBC, among other outlets. Contributors also include researchers who specialize in tech policy, surveillance advertising, social media, developer tools, and emerging decentralized technologies.
Read more on The Reboot: Toward a Digital Economy That’s Truly Collaborative, Not Exploitative
Filecoin
The Graph
Theta Network
- Theta Mainnet 3.0: Introducing TFUEL Staking and Burning: the team announced the next generation Theta blockchain: Theta Mainnet 3.0 projected to launch in the Spring 2021 will introduce TFUEL staking and burning. The full Mainnet 3.0 whitepaper can be found here.
mStable
- mStable Dev Update — November 2020: A review of recent development within the mStable ecosystem. Work on MIPs 3 and 4, the new AMM, mBTC, more wallet support, enhanced analytics via Graph protocol, and more.
- Guide: mStable Staking: This is part of a series of “how to guides” that covers the basic mStable product suite, before getting into more advanced topics.
Bancor
- Bancor Progress Update: November 2020: Last month was an exciting month for the Bancor ecosystem. Following the launch of Bancor v2.1 and the announcement of BNT liquidity mining, total value locked (TVL) increased 5X from $15M to over $85M, driving a 300% increase in weekly swap fees generated by the protocol.
- How to Stake & Earn REN, renBTC, and renZEC on Bancor v2.1: REN, renBTC and renZEC are among the first tokens to be whitelisted on Bancor v2.1. Both REN and renBTC have been voted by Bancor governance to receive 12 weeks worth of BNT Liquidity Mining Rewards.
- How to Stake & Earn ENJ on Bancor v2.1: The team announced that ENJ is among the first tokens to be whitelisted on Bancor v2.1.
- YFI was approved to receive BNT liquidity mining rewards and Impermanent Loss insurance on Bancor v2.1.
- Vote for the Next Tokens to Receive BNT Liquidity Mining Rewards: It’s time to vote for the next tokens to receive BNT Liquidity Mining rewards. The team proposing 12 tokens for the community to vote on.
Upcoming Events
- December 9th — 10th, 2020 — Paris Blockchain Week Summit 2020
- December 12th-13th, 2020 — Interchain Conversations II Summit
- December 15th, 2020 — Blockstack’s Stacks 2.0 Mainnet Launch
- December 17th, 2020 — NEM Mainnet Launch
- March 23th-24th, 2021 — TOKEN2049
MISC
- Ethereum 2.0: The First Slash, A Retrospective by stakefish.
- Why Decentralized Cloud is Important for the Web and Blockchain Industry by Stakin.
- Guides by Everstake: How to stake ONE (Harmony Protocol) via the Guarda walle; A quick guide to The Graph Network
- Guides by Staking Facilities: Intro to Ethereum 2.0; Skale Staking Guide
- Current Staking Yields by Staked:
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