State of Stake vol. 51

Paradigm

Published in

Paradigm

15 min readJun 24, 2021

Paradigm’s biweekly update on Proof-of-Stake ecosystem, 10th June — 24th June

TL;DR

Ethereum London testnet dates announced
Kusama’s parachain slot auctions are ongoing
The Cosmos Hub roadmap 2.0 is out
Avalanche releases a 2021 roadmap
Optimism and The Graph have partnered up
Bitcoin is now available in Maiar
Injective introduced an entirely revamped Injective exchange on Equinox
StaFi and Coinswap have teamed up to make their networks and assets more fully compatible with each other
The Secret BSC Bridge is now live on mainnet
COTI Pay VIPER is now available on the Apple Store
DFINITY announced the open-source release of Quill to support self-custody options for managing the Internet Computer’s ICP utility tokens
Deutsche Telekom’s T-Systems MMS is now a public validator on Celo via its Open Telekom Cloud infrastructure
The snapshot signal for Proposal RC0, was approved by NuCypher stakers and token holders
Algorand Foundation launches $2M Algorand Trailblazer Bounty Program On Gitcoin
UMA is scaling to Polygon
Band Protocol rebranded
And more!

Think & Stake

A Proof-of-Stake public blockchain based pricing scheme for peer-to-peer energy trading

by J Yang, A Paudel, HB Gooi, HD Nguyen

• A fully public blockchain to match the decentralized P2P energy trading structure.

• A PoS protocol with a mining mechanism considering losses to reduce the price gap.

• A fast, feasible, and effective pricing scheme affordable by smart contracts.

• Social welfare of all transaction participants is evaluated.

A demonstration of advantages of the proposed model over the traditional model.

An Improved DPoS Consensus Mechanism in Blockchain Based on PLTS for the Smart Autonomous Multi-Robot System

by J Liu, M Xie, S Chen, C Ma, Q Gong

Due to the development of robot technology, smart autonomous multi-robot systems face different security problems such as data loss and vulnerabilities. However, the robot information stored in blockchain can be more transparent and effective at ensuring the security of the robot system due to the decentralization, tamper-proof and anonymity of blockchain. In the architectural composition of blockchain, the Delegated Proof of Stake (DPoS) consensus mechanism is playing a critical role with more decentralization, lower energy consumption and faster confirmation speed. Similar to the board voting, the holders cast a certain number of delegates to perform verification and block generation on their behalf in DPoS. In order to improve the efficiency and flexibility of DPoS consensus mechanism, the authors propose an improved DPoS consensus mechanism based on the Probabilistic Linguistic Term Set (PLTS) for the smart autonomous multi-robot system. By adding voting options for nodes, the Voting Algorithm with Probabilistic Linguistic Information (VAPLI) calculates the score and deviation degree of each node after tabulating the voting results. The selection of a delegate is based on the comparison of the score and deviation degree. Finally, they explore the model implementation of the improved DPoS consensus mechanism, and verify its feasibility and effectiveness using examples.

Top 10 Crypto Assets by Staked Value

Proof-of-Stake Networks’ Updates

Ethereum 2.0

Ethereum 2.0 is up and running smoothly! With more than 170,000 active validators and thousands more queued up and waiting to join the network, the Ethereum 2.0

What’s New in Eth2–18 June 2021: Updates on the Beacon Chain, Altair, the merge, staking and more in this edition of what’s new in eth2.
London Testnets Announced: The next Ethereum network upgrade, London, will be going live on the Ropsten testnet on June 24th, followed by Goerli on June 30th and then Rinkeby on July 7th. A mainnet date has not yet been set.
London Upgrade Overview: In this post, Tim Beiko gives an overview of all the EIPs that will be included in Ethereum’s next network upgrade.
Gitcoin Grants Round 10 Now Live: Donate to all of your favorite projects on Gitcoin and they’ll receive a share of $650,000 during the current matching round.
High-level tl;dr of Vitalik’s recent blog posts
The number of Ethereum addresses holding 10,000+ ETH is at an all time high
Looking forward and back a year on Ethereum
Detailed explainers/plans for Verkle trees and state expiry — Vitalik Buterin
What is Ethereum? | Byte-Sized Ethereum Podcast #1
Ethereum is Freedom — The Daily Gwei
Dude, Where’s My ETH? — The Daily Gwei
Latest ‘Week in Ethereum’:

Check out our recently-published ‘Defi in Ether’ — biweekly update on Ethereum DeFi ecosystem vol.32 full of news from the ecosystem: $48B in DeFi, Curve v2 now live, Raiden’s Ashvini released, RenVM Integrates Solana, Kyber and Polygon team up, Yearn TVL has surpassed $5B, dYdX raises $65M, Futureswap v3 detailed, and more!

Polkadot

Polkadot 0.9.6 has been released. This version fixes the recent finality lag.
Latest Polkadot Digest:

Feel free to read our latest biweekly report on the Polkadot ecosystem vol.13: Kusama’s first parachain slot auction has begun, Darwinia Network partners with Jambo, Kylin Network partners with Wanchain, Dock’s PoS network went live, HydraDX introduced Basilisk, Сrust Network has published Crust Shadow Lightpaper, DOT launches on Coinbase Pro, Tinlake has now passed $20M TVL, and more!

Avalanche

Algorand

Algorand Foundation launches $2M Algorand Trailblazer Bounty Program On Gitcoin: The Algorand Foundation just announced a $2 Million Dollar Algorand Trailblazer Bounty Program, which will seed two million dollars worth of Algo bounties and grants, distributed over the course of two years
Former PayPal Business and Technology Leaders Launch Six Clovers, a Decentralized Cross-Border Payment Network Connecting Traditional and Digital Currencies: Six Clovers, a decentralized global payments network, announced the launch of its financial technology infrastructure connecting banks, merchants, and payment providers to transact in digital currencies around the world.
Algo Optimizer is the latest recipient of Algorand Foundation Development Award: Many developers around the world have been eager to participate in the Development Awards Program. The Development Awards Program is designed to support innovation that helps to grow the Algorand ecosystem. As part of its vision of enabling a broad and active blockchain development community, the Algorand Foundation is committed to supporting that community, as they explore the opportunities for innovation that exist within the Algorand Blockchain ecosystem. After thorough review and selection, we are delighted to announce that AlgoOptimizer is the latest project to receive an Algorand Foundation Development Award.
How to Tokenize Assets on a Blockchain: A Guide for Developers: Tokenization of real-world assets, including money, real estate, commodities, shares, and art, is poised to become the next big trend in finance — learn how to tokenize assets using the Algorand Standards Assets (ASA) framework on the Algorand blockchain.
Blockchain Royalties: How NFTs Can Be Programmed to Reward Creators: Learn how non-fungible tokens (NFTs) can be programmed to enable creators to receive blockchain royalties.
Algorand turns 2:

Cardano

Daedalus: from launch to Flight and beyond:

Daedalus: from launch to Flight and beyond... - IOHK Blog

As an 'official' Cardano's wallet (alongside Yoroi's browser and mobile offer) Daedalus offers a 'window to the world'…

iohk.io

A close look at the software running Cardano
Cardano Foundation appoints Jillian MacNab as new Chairperson the Council: The Cardano Foundation is excited to announce the election of Jillian MacNab to the Council with further changes to follow in the coming months.

Cosmos Network

The Cosmos Hub Roadmap 2.0: Earlier this year, Cosmos completed its whitepaper, fulfilling its founding vision of blockchain interoperability, scalability & usability that was laid out in the original 2016 roadmap. Now, it’s time for a new one.
Build Your Blockchain with Starport and Connect to a $75B+ Ecosystem of Digital Assets
Governance proposal #49:

Check out our latest biweekly update on Cosmos ecosystem vol. 50 covering the following topics: Cosmos Hub Roadmap 2, Reddit AMAs, CosmWasm turns 2, Interchain.fm new episodes, Persistence launches pSTAKE, Bluzelle partners with Gitcoin, The Crypto.com Exchange is now on mobile, The Secret BSC Bridge is now live on mainnet, THORChain launches THORName service, and more!

DFINITY

Introducing Quill, a Ledger and Governance Toolkit for the Internet Computer: The open-source Quill toolkit maximizes both the security and convenience of managing cold wallets.
The Community-Led Governance of the Internet Computer
Motoko, a Programming Language Designed for the Internet Computer, Is Now Open

Tezos

The Baking Sheet - Issue #53

The Baking Sheet - McLaren x Tezos 🏎️

bakingsheet.tezoscommons.org

Synthetix

Debt Hedging Refresher for SNX Stakers:

Debt Hedging Refresher for SNX Stakers

The central mechanism of the Synthetix protocol is that SNX stakers are the counterparty to trades made using the…

blog.synthetix.io

Akash Network

Akash Announces First AKT Token DEX Listing on Osmosis: With Osmosis, anyone in the world has permissionless access to AKT and the ability to deploy on the worlds first decentralized, open source cloud.

Celo

A16z taps Deutsche Telekom subsidiary as Celo validator: Deutsche Telekom’s T-Systems MMS is now a public validator on Celo via its Open Telekom Cloud infrastructure.
Unlocking the Eurozone with cEUR Stablecoins:

Unlocking the Eurozone with cEUR Stablecoins

One of the reasons the Celo community is so excited about the recent launch of the Celo Euro (cEUR) is because it…

medium.com

Filecoin News 20
OpenSea stores NFTs with IPFS and Filecoin: OpenSea recently launched a feature to “freeze” NFT metadata, enabling NFT creators to properly decentralize their NFTs using IPFS and Filecoin.
Slingshot Phase 2.3 Recap: The Slingshot Phase 2.3 Closing Ceremony on June 9th closed what has been one of the most productive phases of the Slingshot Competition yet. Check out this post for a full recap.
Filecoin v13 HyperDrive AMA 1 Recap: On June 8th, Filecoin hosted an AMA answering 25+ questions on the network upgrade, sealing, onboarding new storage deals and more.
Starling Lab: Establishing Trust for Humanity’s Data: Announcing the launch of Starling Lab, a commitment to continue building the frameworks required to endow humanity’s most vital digital information with trust.

The Graph

The Graph to Support Optimistic Ethereum: Optimism and The Graph have partnered up. The Graph will be providing indexing and querying services to developers building on the Optimistic Ethereum L2 to help Ethereum scale.
The Graph also awarded a $60 million grant to StreamingFast to join The Graph ecosystem as a core developer team.
Audius, DODO, Livepeer, mStable, Opyn, PoolTogether, Reflexer, and UMA Go Live on The Graph Network: Four years in the making, The Graph is powering consumer-grade dapps on fully decentralized infrastructure, with query fees flowing on The Graph Network.

Injective

IRIS Network

StaFi and Coinswap Will Team Up to Introduce rATOM into Cosmos Ecosystem: StaFi and Coinswap have teamed up to make their networks and assets more fully compatible with each other. StaFi and Coinswap will work together to introduce the brand-new asset rATOM token, the staking derivative of ATOM, into Coinswap, and launch related co-incentive programs for the liquidity providers.
Bianjie In the Hyperledger Global Forum | IBC+iService in Enterprise Applications and the Interoperability of IRITA HUB

Icon

Retiring Hannam and Gangnam TestNets: In order to simplify the ICON testnet ecosystem and reduce unnecessary maintenance workload, Hannam TestNet (ICON 1.0) and Gangnam TestNet (ICON 2.0) will be closed down, effective July 6th.

IOST

Kava

Improved USDX Price Stability: Decentralized Governance in Action

Mina Protocol (formerly Coda Protocol)

Mina Mainnet reached an all-time high of 20K on-chain accounts last week. Read more about Mina’s token unlock in the latest retro:

Mina Token Unlock Retrospective | Mina Protocol

Last week was an important milestone in the journey of Mina Protocol. Tokens for participants in Mina's community sale…

minaprotocol.com

NuCypher

KEaNU is a Go: On Friday, June 11, the snapshot signal for Proposal RC0, was approved by NuCypher stakers and tokenholders. Proposal RC0 received unanimous support from NuCypher stakers and tokenholders.The proposal received unanimous support on the NuCypher side. It was simultaneously approved on the Keep side, which means the first-ever on-chain network

Oasis Network

Spotlight: The Music Fund: An in depth look at some of the projects building on Parcel.
Travelling around the world with a blockchain expert: Chris Banbury from Confux Network
Network Tools: Building, Exploring & Running a Node
Blockchain, Data, and Tokens: The Building Blocks of the Ownership Economy

Orbs

Polygon (previously Matic)

Polygon Advocates Program Launched: Polygon Advocates are the closest members of the Polygon community, helping the core team take forward the mission of growing Ethereum and Polygon. You can apply to be one here.
Kyber launches the Rainmaker liquidity mining program on Polygon with ~$30M in rewards: Kyber announces $30M liquidity mining program to enhance liquidity on both Ethereum and Polygon
0x and Polygon Team Up: The Polygon ‘DeFi for All’ Fund has allocated $7M in MATIC to the 0x Community DAO and 0x Labs has contributed $3.5 million in ZRX to the DAO for a total of $10.5 million in funding.
UMA is scaling to Polygon
OKEx Integrates with Polygon: You can now withdraw 23 different assets from the OKEx exchange directly into the Polygon network.
MahaDAO announces the Launch of ARTH 2.0 Mainnet on Polygon
Polygon: The Layer 2 Solution Doing 8 Times as Many Transactions a Day as Ethereum — Unconfirmed
Polygon and Ethereum: Piecing the Data Together — Ling Young Loon via Nansen
The Data Availability Problem
Polygon’s thread on rollups

Secret Network

The Secret Binance Smart Chain Bridge is Live on Mainnet: The Secret BSC Bridge is now LIVE on mainnet, doubling the number of supported Secret Tokens.

Solana

Solana Labs Completes a $314.15M Private Token Sale Led by Andreessen Horowitz and Polychain Capital: Solana Labs announced today it has completed a private token sale of $314,159,265 led by Andreessen Horowitz and Polychain Capital with participation from 1kx, Alameda Research, Blockchange Ventures, CMS Holdings, Coinfund, CoinShares, Collab Currency, MGNR (Memetic Capital), Multicoin Capital, ParaFi Capital, Sino Global Capital, Jump Trading, and select individual investors like Boys Noize.
Solana Ecosystem News Volume Seven:

StaFi

Terra

Project Spotlight — Pylon Protocol
Enter Pylon Gateway: Pylon Gateway helps you make secure, lossless, value-additive crypto investments.
Mirror V2 soon:

THORChain

Monthly Treasury Report — June 2021
Weekly Dev Update #95: THORChain Weekly Dev Update for Week 95, 01–16 June; Dynamic Synth Units, MCCN V0.55.0, DragonsDex, SKIPSwap, THORWallet, Community Updates

xDai

xDai Weekly Recap — 18/06/2021 focuses on network updates, project highlights & more:

Ethereum Swarm has chosen xDai to scale Swarm Network transactions.

0x project

0x and Polygon team up: The Polygon ‘DeFi for All’ Fund has allocated $7M in MATIC to the 0x Community DAO and 0x Labs has contributed $3.5 million in ZRX to the DAO for a total of $10.5 million in funding.
0x Ecosystem Spotlight: DexGuru

1inch

The 1inch Limit Order Protocol is released: The innovative protocol will replace a legacy solution from 0x in the 1inch dApp, offering users much more efficient and flexible limit order swap opportunities.
How the 1inch Network provides full security regardless of protocol used: Here is another post in a series explaining the 1inch Network’s advantages that is focused on the security of the 1inch Aggregation Protocol.
Banking services for the 1INCH token are now available at Sygnum Bank: 1INCH will be among leading DeFi tokens, for which Sygnum offers institutional-grade custody and regulated trading.