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State of Stake vol. 38

Paradigm
Paradigm
Published in
18 min readDec 10, 2020

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Paradigm’s biweekly update on Proof-of-Stake ecosystem, 26th November — 10th December

Global Market Overview

Source: stakingrewards.com

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.

Source: stakingrewards.com

Over the last two weeks, POS Dominance increased from 21% to 51%.

Source: stakingrewards.com

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

Source: stakingrewards.com

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.

Combining staking and liquidity provisioning

By Paradigm in cooperation with Orbs as part of Orbs DeFi Grant Program

medium.com

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.

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

Avalanche

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

Terra

Kava Labs

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:
  1. 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.
  2. 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.
  3. 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.
  4. 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.

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:

  1. Total rewards: 100,000 XPRT ($25,000 based on the latest valuation)
  2. Campaign duration: 21 days
  3. Start date and time: 26th November 2020, 12:00 AM PST (Block Height: 453,621)
  4. End date and time: 16th December 2020, 11:59 PM PST (Block Height: 672,440)
  5. Magic Transaction start date and time: 23rd November 2020, 12:00 AM PST (Block Height: 422,360)
  6. Network Rewards Pool: 80,000 XPRT
  7. AUDIT.one Rewards Pool: 20,000 XPRT

Band Protocol

Starname

Akash Network

Oasis Network

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

Source

Polkadot

Near Protocol

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

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

NuCypher

COTI

IOST

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:
  1. Orbs PoS V2.5 Official Launch
  2. Orbs DeFi
  3. KBW 2020
  4. State of the Network
  5. Media Highlights
  6. 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

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

Upcoming Events

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Paradigm
Paradigm

Written by Paradigm

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