Paradigm’s biweekly update on Proof-of-Stake ecosystem, 4th March — 19th March
TL;DR
- Ethereum Berlin upgrade is scheduled for April 14
- Cosmos Hub 2 years anniversary
- Terra Bridge is live
- Liquid Staking on Terra introduced
- Anchor Protocol has launched
- Uptick app launches on IRISnet mainnet
- Kava 5 mainnet upgrade is only 5 days away
- Injective Equinox pre-staking launched
- Staking Phase 3 is about to go live on Elrond
- Akash Network launches mainnet 2
- SushiSwap launches on Avalanche
- Polkadot Bridges — connecting the Polkadot ecosystem with external networks
- IOST partners with Polkadot for cross-chain interoperability breakthrough & successfully completed the testnet for cross-chain bridge
- NEAR integrates Band Protocol to empower developers with scalable and extensive data oracle coverage
- Secret introduces SEFI. The native governance token for Secret DeFi is expected to launch on March 31st, 2021
- Polygon Improvement Proposals announced
- The Oasis-Eth ParaTime is live on mainnet
- xDai <-> Polygon (Matic) state channels bridge powered by Connext
- The Keep and NuCypher projects have proposed a “hard merge” meld
- Synthetix Spartan Council updates
- SKALE in 2021: Read all about SKALE’s first 60 days of 2021
- COTI launches a new staking campaign with KuCoin
- StaFi cooperates with Conflux to bring rTokens into BSC ecosystem
- Moonstake Partners with Orbs
- Mina Protocol mainnet soon
- Cardano (ADA) is launching on Coinbase Pro
- Seoul Metro Government and ICONLOOP announce implementation of contactless reservations for over 7,000 public services
- A proposal for Florence, the next protocol upgrade for Tezos, has been posted on the Tezos Agora forum
- The Graph Improvement Proposal Process for protocol upgrades will be hosted on Radicle
- Algorand update on period 3 of 200M ALGO staking rewards program
- Solana announces the winners of the Solana X Serum DeFi Hackathon
- A full playlist of ‘Proof-of-Stake: The New Paradigm’ is now available on Persistence YouTube Channel
- And more!
Global Market Overview
The current Staking Market Cap (valuation of all projects that have a staking mechanism) is now about $464.1 billion while two weeks ago it was $402.7 billion USD.
Over the last two weeks, POS Dominance decreased from 64.5% to 61.7%.
Now, the leading projects by locked in staking are Cardano,Polkadot, Avalanche, Terra (!), Algorand, Ethereum, Cosmos, and Solana.
Current Value in Staking by Asset
Proof-of-Stake Networks’ Updates
Ethereum 2.0
- Ethereum 2.0 is up and running smoothly! With more than 110,000 active validators and thousands more queued up and waiting to join the network, the Ethereum 2.0 Beacon Chain is looking as healthy as ever.
- The Ethereum blockchain may pivot fully to PoS consensus much faster than anyone realized.
- Ethereum’s Berlin upgrade is ready to be deployed.
- An overview on what the Berlin network upgrade has in store for Ethereum.
- What’s New in Eth2–13 March 2021: Your latest round of eth2 news including an editorial from Ben with his thoughts on the merger, updates on the Beacon Chain, links to new resources and more.
- Finalized no. 23: Previously known as “what’s new in eth2”, this rebranded blog from Danny Ryan goes through why the name was changed and a reminder about upgrading your nodes for Berlin.
- The State of 1559 — Update 008: After over 2 years since it was originally proposed, and one year since we’ve revived the effort, EIP-1559 has been accepted into an Ethereum network upgrade. London, which will come sometime this summer, will bring EIP-1559 to mainnet.
- How EIP-1559 leads to better predictability for transactions.
- The implications of EIP-1559.
- AWS Adds General Availability of Ethereum: With this launch, AWS customers can provision Ethereum nodes in minutes and connect to the public Ethereum main network and test networks such as Rinkeby and Ropsten.
- Ethereum’s journey to proof of stake.
- How to evaluate different tokens on Ethereum.
- The Rise of the Ethereum Economy.
- Mousse announced: Mousse is an Ethereum 2.0 emulator for local testing of applications on Eth2 data sharding, especially Rollups.
- New bot that tracks and reports on eth2 slashing events
- Latest ‘Week in Ethereum’:
Check out our recently-published ‘Defi in Ether’ — biweekly update on Ethereum DeFi ecosystem vol.26 full of news from the ecosystem: Maker unveiled the Optimism Dai Bridge, 0x DAO announced, Overlay introduced, Yearn partners are here, renDGB is live on Ethereum, Aave AMM market released, mStable governance & dev updates, Yam presents DAO House, Gnosis SafeSnap introduced, Spartan Council updates, and more!
Polkadot
- Polkadot Bridges — Connecting the Polkadot Ecosystem with External Networks: Polkadot was created with the belief that no single blockchain can do everything; that rather, the future is multichain. Read about how Polkadot can accomplish this with bridges to other networks, and what bridges are currently being built.
Avalanche
- ‘Decentralized Gateway to Crypto Market’ Orion Protocol Expanding to Avalanche
- Covalent Integrates with Avalanche, Increasing Availability of Data on the Platform
- SushiSwap Launches on Avalanche, Bringing Another Leading DEX to Avalanche’s Growing DeFi Ecosystem
- Immunefi Bringing Smart Contract Security Expertise to Avalanche’s DeFi Ecosystem
- TrustSwap Expanding Launchpad Services for Projects Building on Avalanche
- JustLiquidity Integrates AVAX into JulWallet
- Blocknet Migrating Interchain Infrastructure to Avalanche, Empowering Cross-Chain dApps to Interact with Avalanche Subnets and Smart Contracts
- Avalanche (AVAX) Can Now Be Purchased Using a Debit or Credit Card via Simplex
- FRAX Expanding Dollar-Pegged Stablecoin to Avalanche
- OIN Finance to Enable DeFi Users to Mint Stablecoins Using AVAX
Algorand
- Upcoming Algorand Foundation Wallet Activity : From March 18th to at least April 5th, the Algorand Foundation will complete the process of moving Algo funds, currently held in the wallets listed here, to custodial wallets held by a new provider (BitGo). This is expected to involve around 4B Algo moving between wallets. These transactions do not represent Algo entering circulating supply, even though they may temporarily appear so due to the automated reporting processes of the block explorers and research websites that report on the Algorand ecosystem. The team at the Algorand Foundation will work with the block explorers and 3rd party research teams (e.g. Messari, CoinMarketCap, CoinGecko) to ensure that the new BitGo addresses are identified as Foundation wallets and these Algo will be correctly recognized as not being in circulation.
- Update on Period 3 of 200M ALGO Staking Rewards Program: The Algorand Foundation 200M Algo Staking Rewards program has just completed Period 3 and the staking rewards associated with this period have now been distributed on March 2nd, 2021. After accounting for disqualified participants, the remaining qualified participants will have received 0.652 Algo for every Algo staked in this period (or 652 ALGO per 1000 ALGO staked). This is a staking reward of 65.2% in Period 3. Qualified participants remaining in the plan until the end of Period 4 are now projected to receive a minimum of 2015 Algo per 1000 Algo staked (or a staking reward of 201.5%).
- Improvements to 3rd Party Supply Reporting: In response to feedback from the Algorand community, the Algorand Foundation is working with leading research websites (e.g. Messari, CoinMarketCap and CoinGecko) to improve the accuracy and timeliness of their circulating and reported supply metrics for the Algo.
- Africa Blockchain Institute Secure Algorand Foundation Grant
- Digital Payments: How Algorand Enables Near-Instant, Low-Cost Value Transfers
- STOKR Raises €3.9 Million in Total Investments from iFinex Inc., Borderless Capital, Utopia Genesis Foundation, and G1 Ventures to Meet Surging Security Token Demand
Tezos
- Tezos Community Reward Winners — February 2021
- The Growing NFT Momentum
- A proposal for Florence, the next protocol upgrade for Tezos, has been posted on the Tezos Agora forum.
- Latest Tezos weekly:
Synthetix
- SNX liquidity incentive for sUSD/DHT Uniswap pool: New liquidity incentive for dHedge’s governance token.
- Spartan Council updates: voting live for next epoch + integration into Staking dApp: There’s a whole host of updates for the Spartan Council.
- Synthetix bug bounty now live on Immunefi: The new Synthetix bug bounty is now live on Immunefi.
- Vanadinite product release: What the Core Contributors have been adding across the Synthetix interfaces.
- Synthetix Weekly — March 17th 2021:
Cardano
- Momentum continues as Coinbase lists ADA and Bloomberg adds Cardano: Cardano reaches another important milestone as financial data powerhouse Bloomberg adds Cardano to its ‘Terminal’ real-time market information platform and leading exchange Coinbase lists ADA.
- Cardano’s Extended UTXO accounting model — built to support multi-assets and smart contracts: Cardano uses an innovative Extended UTXO accounting model to support multi-assets and smart contracts. In the first of a two-part blog, the team looks at the different blockchain accounting systems and why EUTXO matters.
- Cardano’s Extended UTXO accounting model — built to support multi-assets and smart contracts (part 2): In the second part of our blog on Cardano’s EUTXO accounting model, the team takes a more technical look at transaction components, the UTXO set, and delves deeper into the rationale for Cardano’s EUTXO model.
- Cardano (ADA) is launching on Coinbase Pro.
Cosmos Network
- On March 13th 2019, Cosmos Hub was born! Happy 2 years anniversary to the team!
- HackAtom RU is on.
- Cosmos Privacy & ZKP Showcase:
- Cosmos governance proposal 41 to enable IBC transfers is currently being voted on. As expected, almost all votes are in favor of the proposal.
- Latest ‘Today in Cosmos’: Proposal 38 has passed.
Check out our latest biweekly update on Cosmos ecosystem vol. 43 covering the following topics: Proposal to add the Gravity DEX onto Cosmos Hub is live, Tendermint invests in Tgrade, The Pomp Podcast with Ethan Buchman, Akash Mainnet 2 is here, IRISnet Mainnet 1.0 is live, e-Money collaborates with Elrond, Secret announces SEFI, Chainlink VRF is live on Polygon, Kava 5 on Mar 24, and more!
Celo
- The Celo Beat — Edition #30: Bi-weekly news about Celo.
IRIS Network
- Uptick NFT App Launches on IRISnet: The 1st NFT App in the Cosmos/IRISnet Ecosystem
- IRISnet Monthly Update: 2021.02 — Community & Technical Recap
- Interchain Service Hub for Next-Gen Distributed Applications
- Rainbow Validator Introduction Vol.4 | IRISnet Validator Rewards Program
- User Guide | Build your own NFT business in Uptick
- Recap | How IRITA Hub Interchain Services Run on the BSN
- The 11th Implementation of the Community-centric Delegation Campaign & the Second One-year Token Burn Plan
Terra
- Terra Bridge is live: You can now transfer assets between Terra, Ethereum, and Binance Chain within a single user-friendly interface.
- Terra validators can now vote on oracle prices without fees.
- Liquid Staking on Terra introduced: Liquid staking on Terra is built around the bLUNA token — a staking derivative of Terra’s native LUNA token.
- Anchor Protocol is now live: Anchor completes Terraform Labs’ vision of launching 3 financial primitives (payments, investing, and savings) on the Terra blockchain to support a thriving inter-chain DeFi ecosystem. Anchor is a decentralized money market and savings protocol providing 20% APY to UST depositors. Only liquid staking derivatives of major PoS chains accepted as collateral on the borrower side.
- Mirrored SPY Index (S&P 500) is now live.
Secret Network
- Introducing SEFI: Native Governance Token for the Secret DeFi Ecosystem
- Secret DeFi Update: Genesis Distribution Date for SEFI + SecretSwap Improvements: SEFI, native governance token for Secret DeFi, is expected to launch on March 31st, 2021. Inside: how you can receive SEFI, recent SecretSwap growth and improvements, new bridges, and more.
- Secret Network Ecosystem Update: February 2021
- Introducing Sienna: A Privacy-First DeFi Protocol: Secured by Secret Network and launching April 2021, Sienna is building a new interconnected DeFi protocol that allows for a privacy-preserving lending, borrowing, and trading experience.
Band Protocol
- NEAR Integrates Band Protocol to Empower Developers with Scalable and Extensive Data Oracle Coverage
- MCDEX Partners Integrates Band Protocol to Secure Decentralized Perpetual Markets on Layer-2
- Fantom Launches BandChain Node to Affirm Strategic Partnership With Band Protocol
Bluzelle
- Bluzelle Biweekly Review
- Bluzelle Partners with $50B Data Infrastructure Leader Equinix
- The Official Bluzelle NFT Collection: With the upcoming new brand design, the team is giving away a collection of artistic NFTs
Kava Labs
- KAVA 5 Mainnet Upgrade is only 5 days away: Launch is set for 15:00 UTC March 24th
- Kava Labs Completes Acquisition of Crank Studio
- Kava 5 Incentivized Testnet Rules (Round 2)
- Kava-5 Launch Post-Mortem
Injective
- Injective Equinox Pre-Staking Launch: Now, you can transfer your ERC-20 INJ tokens into Injective to start earning yield. To further reward the community’s patience, the team has also raised the baseline APY to 15%.
- Injective Exchange Upgrade: A Novel Order Matching Mechanism
- Injective Partners with Cartesi to Enable Mainstream Developer Adoption: Injective is joining forces with Cartesi to enable mainstream developer adoption of the Injective Chain. Both companies will study together how to integrate Cartesi’s tools on the Injective ecosystem.
- Injective Partners with SuperFarm to Launch Exclusive Injective NFTs
- Injective Partners with Tidal to Provide Insurance for Decentralized Derivatives
- Injective Partners with PARSIQ to Enable Fully Automated Decentralized Trading
Polygon (previously Matic)
- Polygon Improvement Proposals announced: Polygon Improvement Proposals are design documents describing new features and proposals to the Polygon community.
Persistence
- Community Newsletter #5 — February 2021
- A full playlist of Proof-of-Stake: The New Paradigm is now available on our YouTube Channel:
Akash Network
- Akash Network Launches Akash MAINNET 2, the First Decentralized Open-Source Cloud
- AKT Token Now On Gate.io Exchange
- The Unstoppable Update: March 2021
Oasis Network
- The Oasis-Eth ParaTime is Live on Mainnet. Join the Hackathon: The Oasis-Eth ParaTime by Second State is live on Mainnet of the Oasis Network. It launched successfully and has 18 nodes registered to operate on the ParaTime.
- Hackathon Winner’s Spotlight: Oasis Docs
- Expanding cross-chain asset transactions
SKALE Network
- Ethereum + SKALE: Mutual Value Capture: SKALE and Ethereum create a powerful synergy and the success of the SKALE Network also means success for the Ethereum Network. Check out this dive into the technical relationship between the two.
- Code & Dapp Updates 4: Listen to SKALE’s projects updates including: MetaMask, Ledger and Ambassador Gamez.
- SKALE in 2021: Read all about SKALE’s first 60 days of 2021. New exchanges, 19 Dapp & Partner announcements, 2021 product roadmap and more.
- SKALE community update 3.12.2021
- SKL begins trading on Coinbase
- SKL is Altcoin Daily Top 9 Altcoin Pick
Solana Network
- Winners of the Solana X Serum DeFi Hackathon: Solana announces the winners of the Solana X Serum DeFi Hackathon
StaFi
Near Protocol
- Berry Cards: a DeFi NFT Marketplace for Pixel Art
- Octopus Network Partners with NEAR: The NEAR Ecosystem is excited to welcome Octopus Network onto NEAR Protocol.
- NEAR Protocol Partners with Mask Network
- The NEAR Blockchain is Climate Neutral
xDai
- xDai weekly recap focuses on the latest news and project updates on xDai, and more. New buttons/links added to POSDAO staking app including Add xDai to MetaMask feature. Market Cap surpassed 100M, Tx/day approaching 250K.
- Superfluid is live on Matic & xDAI: Superfluid Protocol has been successfully deployed by community members on both Matic & xDAI which means users can now send streams of tokens on both of these networks.
- New beta state channel bridge powered by Connext Network provides pain-free DAI transfer between Polygon (Matic) and xDai.
- Streamr integration with xDai announced.
Elrond
- Global Unified Data Streams: Elrond Blockchain Data To Be Easily Accessible To Developers Via Covalent APIs
- Enhanced Conversion Opportunities: Direct eGold To Euro Fiat Now Live Via Binance
- Road To Decentralization: Trust Staking Joins The Elrond Network As Staking Provider
- Interoperable Data For Cross-Chain DeFi Applications On Elrond Via Unmarshal
- Adaptive Velocity For DeFi Tokens Issued On The Elrond Network Via DAFI Protocol
- ZeroSwap Ecosystem Pool Powered By eGold
- Direct Non-Custodial eGold Swaps With 170 Coins Via ChangeNOW
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ICON Newsletter #44 — Binance Stakes Another 20M ICX:
- 67% of the circulating supply is staked vs. 54.8% at the June 2019. This increased from 62% just 2 weeks ago, which is largely due to new staking services launched on Binance.com, Bithumb, and ICONFi.
- Binance is now the #1 validator on the ICON Network with ~13% of the delegation after staking another 20 million ICX
- The first Contribution Proposal System (CPS) proposals are in the voting stage. There are roughly 10 days left to get your vote in. Check out the progress here.
- A peer to contract exchange protocol, Equality, is announced. Check out this new project and timeline here.
- ICON joins a consortium chain in Japan, Palette. Palette is focused on the NFT space and is looking to launch the country’s first IEO.
- Paycoin partners with Union Pay and outlines ICX integration timeline.
- Seoul Metro Government and ICONLOOP announce implementation of contactless reservations for over 7,000 public services using loopchain, ICON’s core engine:
IOST
- IOST Bi-Weekly Report | Polkadot Integration, New Exchange Listing, NFT Marketplace & more.
- IOST iWallet to Support Local Development Soon
- IOST Partners with Apron Network For Multi-chain Architecture
- Donnie Airdrop to IOST Users is Complete
- The Ultimate Guide to IOST Newcomers’ Onboarding
- New Yield Farming Launched on IOST- 1.6M USD of IOST Locked In 1 Minute
NuCypher
- Codename KEANU: Keep and NuCypher are discussing a “hard merge” called Keanu. A merger between two large decentralized projects should be an interesting event to watch unfold.
COTI
- In Response to the Recent Outrageous FUD
- COTI Launches a New Staking Campaign with KuCoin
- Orion Protocol and COTI Join Forces to Enable Greater Liquidity and Accessibility for DeFi
- New Contract Launched for Ethereum Platform on the Crypto Volatility Index
- Crypto Volatility Index Reward Mechanism
Zilliqa
Orbs
- Orbs Update March 2021
- Moonstake Partners with Hybrid Enterprise-Grade Blockchain Orbs to Soon Provide Full-Scale Support for Orbs Universe
- Orbs and Flipside Crypto Team Up to Launch the Orbs Community Console
- Orbs Defi Portal released:
Mina Protocol (formerly Coda Protocol)
- Register now for ILLUMINATE: GENESIS — a free virtual event by Mina Protocol, celebrating the upcoming Mina Mainnet launch and exciting protocol milestones.
- Mina’s lightweight blockchain opens up participation to more people while apps built on Mina, Snapps, enable users to stay in control of their data. Sign up here to be the first to find out when Mina Mainnet launches.
The Graph
- Radicle hosts The Graph’s Protocol Governance: The Graph Improvement Proposal Process for protocol upgrades will be hosted on Radicle.
- Fuse Deploys The Graph to Simplify Access to Blockchain Data.
- The Graph is contributing to Gitcoin grants round 9 as a Matching Partner.
- The Graph to sponsor the Chainlink Spring 2021 Virtual Hackathon. The Graph will be awarding developer prizes up to $5k for the best use of the project. Register here to join the team from March 15 — April 11.
- The 3rd NFT Subgraph Community Call replay.
- Blockchain The Graph: On March 16th 2021, the Google DSC Core Team at PoliMi and The Graph hosted the second and last event of the “Blockchain Series”.
- Indexer Office Hours #5: The recording of the Indexer Office Hours that happened today, 17th of March 11AM PST.
Filecoin
- Filecoin News 14. The fourteenth issue of Filecoin News. Don’t miss out- subscribe here.
- The Next Phase of Fleek with Filecoin: Fleek’s support of Filecoin archiving for websites and dapps pushes the protocol further down the road of decentralization and permanence.
- How storage and retrieval deals work on Filecoin: A short article on how storage and retrieval deals work in Filecoin.
- Filecoin Virtual Community Meetup — March 2021:
Filecoin community meetups are an opportunity to meet the people behind the many tools and projects being built in the Filecoin ecosystem. Be sure to join the team on April 13th at 1pm PST for the next virtual meetup. Register here. If you are interested in giving a short demo on your project during the April meetup, please sign up here.
Check out our brand new report on the IPFS ecosystem. Vol.4 covers: The Filecoin Miner Index and Calculator introduced, Ceramic unveils the Mainnet Early Launch Program, Civic announces integration with Solana, Satellite has moved to Polygon, Fleek + DFINITY is here, Audius x NFT support, NFTHack this week and the Identity & IPFS event next, and more!
Upcoming Events
- Mar 23th-24th, 2021 — TOKEN2049
- Apr 9 — May 14 — ETHGlobal’s Scaling Ethereum hackathon
- May 14 — papers due for WoSCA 2021
- Jul 20–22 — EthCC4 (Paris)
Major upcoming events by CryptoDIffer:
MISC
- Optimistic Rollups: How They Work and Why They Matter by stakefish.
- Launchnodes | ETH 2.0 Beacon and Validator Nodes on AWS, with a Single Click by Staking Rewards.
- Guides by Stakin: Cosmos Network — Quick Guide & Overview.
- Guides by Everstake: What is Free TON and how TON blockchain benefits a wide range of industries, from serving government systems to financial and IT projects; How to stake SKALE (SKL) using MetaMask on Skale.Network: a step-by-step guide; How to stake Harmony (ONE) in Trust Wallet through Frontier Wallet
- Panel discussion: Regulation & Taxation of Digital Assets — Recap by Staking Facilities.
That’s all for today! Your feedback is highly appreciated! Let us know what you think about the format & content.
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