State of Stake vol. 59

Paradigm

Published in

Paradigm

16 min readNov 25, 2021

Paradigm’s biweekly update on Proof-of-Stake ecosystem, 11th November — 25th November

TL;DR

Ethereum Arrow Glacier upgrade on December 8th
Congratulations to Acala Network for winning Polkadot’s first parachain auction
Deloitte leverages Avalanche to improve recoveries from natural disasters and public health emergencies
Solana introduced Sonar V2, a tool for user’s daily DeFi monitoring and Solana ecosystem exploration. Solana’s Breakpoint 2021 recap was published
The countdown to Decipher is on. Register now to hear from over 60 innovators, investors and developers in the Algorand ecosystem
Wyre’s integration with Algorand is live
Check out the results of the Cosmos Hub Vega Testnet and information about the timeline for the Mainnet upgrade
Evmos incentivized testnet is up
DFINITY announces Community Awards Program to supercharge the Internet Computer ecosystem
The Tezos proposal Hangzhou will introduce some key features on the protocol and setting it up for TenderBake
Akash Network and Polygon join forces with a bounty matching program that offers the Polygon Ecosystem a path from traditional cloud to cloud providers on Akash Network
IRISnet successfully upgraded its mainnet to IRIS Hub 1.2. The irishub v1.2.1 patch upgrade was successfully completed
The Synthetix Alkaid release implemented some upgrades on L1 only. SIP-120 creates a new exchange function allowing users to atomically exchange synths via TWAP Uniswap oracles secured by Chainlink oracles
NEAR launches Nightshade sharding, paving the way for mass adoption
Celer Network to bring efficient cross-chain bridging to Kava
Oasis partners with Band Protocol to bring open finance to the mass market
BandChain’s IBC oracle enables Injective to launch the world’s first decentralized derivatives markets
The Injective community has voted to launch Injective Astro: A $120 million incentive program
zkSync will be the first ZK-Protocol indexed by The Graph
The 2021 round 3of the Terra Delegation Program (TDP) has been disbursed
StaFi released rSwap app on mainnet
Supernova — Secret’s major mainnet upgrade launched is live
Polygon unveils Miden, an upcoming STARK-based, EVM-compatible Rollup
The Filecoin Virtual Machine has been introduced
1inch Network governance implementation stage 2 started
XIDR on the Zilliqa blockchain has been announced
Elrond’s Maiar exchange official launch
0x API is now available on Celo
Bluzelle enters the metaverse with Denomination
ICY token has been introduced
THORChain mainnet by Christmas
And much more!

Top 10 Crypto Assets by Staked Value

Proof-of-Stake Networks’ Updates

Ethereum 2.0

Ethereum 2.0 is up and running smoothly! With about 261,000 active validators and thousands more queued up and waiting to join the network, the Ethereum 2.0

Arrow Glacier is coming: The upgrade will go live on the Ethereum mainnet at block 13,773,000 around December 8th. The only change included is one to push back the difficulty bomb to June 2022.
What’s New in Eth2–19 November 2021: Updates on the Beacon Chain, The Merge, staking and more in this week’s edition of Ben’s eth2 newsletter.
EF Announces Advocacy Grants: The Ethereum Foundation is allocating 1 million USD in grant funding to organizations that educate governments and policymakers about Ethereum and blockchain technology. We encourage others in the Ethereum community to support their important work.
ConsenSys Raises $200 Million: ConsenSys has raised $200 million tipping its valuation to over $3.2 billion, according to an announcement. Its investors include HSBC, Coinbase Ventures and Marshall Wace. ParaFi and Thirdpoint also invested in the raise.
SIWE Library Released: The ‘Sign in With Ethereum’ library will allow developers to build their own SIWE infrastructure.
New Ethereum Node Crawler: This open-source Ethereum node crawler attempts to track all of the nodes that are live on the Ethereum network.
How Ethereum will change the world
Ethereum will reduce its energy use by 99.95% with the switch to PoS
Ethereum Roadmap Update | End of 2021
The Ultimate Guide to L2s on Ethereum
ConsenSys Web3 Report
What Ethereum didn’t have 4 years ago
Latest ‘Week in Ethereum’:

Check out our recently-published ‘Defi in Ether’ — biweekly update on Ethereum DeFi ecosystem vol.42 full of news from the ecosystem: $104B in DeFi, ConsenSys raises $200M, DAI Wormhole detailed, Aave Arc introduced, AugurDAO introduced, Yearn tokenomics revamp, Uniswap Protocol shows off new branding, and more!

Polkadot

Congratulations to Acala Network for winning Polkadot’s first parachain auction! Acala will be onboarded at block #8179200 [Dec. 18] at the beginning of lease 6 with the other first 5 auction winners. Over 81K network stakeholders locked up DOT in favor.
Moonbeam has been in the lead for the entire Ending Period.
Polkadot’s ‘Auctions, Crowdloans, and Gifts, Oh My!’ Educational Gleam is open until this Friday, November 26th.
Missed the Polkadot Brand Update session? Watch the recording to hear the Polkadot rebrand bounty curators and implementers discuss the voting process and project curation, as well as give an overview of what’s coming next for the project.

Latest Polkadot Digest:

Feel free to read our latest biweekly report on the Polkadot ecosystem vol.24: The first Polkadot parachain auction ends today, Quartz and BitCountry are now being onboarded as Kusama’s parachains, New Web3 Foundation research on utility token design, Polkadot brand update, KILT is now fully decentralized, Composable integrates with Evmos, Raze mainnet is live, The all-new Clover mobile wallet introduced, and more!

Avalanche

Algorand

VSCO Enters NFT Space with Curated ‘Exhibitions’ on Carbon-Neutral Algorand Blockchain
LiquidVineyards Announces it will Leverage the Algorand Blockchain to Disrupt the Global Wine Market
IT University of Copenhagen receives Grant Award for the 5th International Blockchain School — Winter Edition: The Algorand Foundation announced that it has entered into a partnership with the IT University of Copenhagen for the 5th International Blockchain School — Winter Edition.
Algorand Foundation SupaGrants Update: The Algorand Foundation provides an update on the progress of Viridis “SupaGrants” funding for the building of token bridges and price oracles to support the accelerated development of the Algorand DeFi ecosystem.
ACE Programme: Higher Education and Research Initiative Attracts Over One Hundred Applications From Across the Globe: The Algorand Centres of Excellence (ACE) programme received 119 letters of intent with over 400 participants from a total of 45 countries.
Tech Circus Partners with Algorand Foundation to Provide World-Leading Blockchain Educational Content
Fortior to Launch Decentralized Decisions, a Software Stack That Will Enable Members of the Choice Coin DAO to Vote on New Proposals: The Algorand Foundation announces a second grant partnership with Fortior Blockchain, to launch Decentralized Decisions, a software stack that will enable members of the Choice Coin DAO to vote on new proposals.
Entheos Awarded Algorand Foundation Grant for Governance GDPR Solution
ePioneers Receives Grant Award to Build World’s 1st Climate Wallet
Y Combinator-backed Lofty AI partners with Algorand Foundation to develop Tokenized Real Estate Marketplace
Exberry Awarded Grant to build a primary issuance and secondary trading platform on top of Algorand
AerariumChain Receives Algorand Foundation Grant Award

Cardano

Cosmos Network

Cosmos Hub Vega Testnet Update: Check out the results of the Cosmos Hub Vega Testnet and information about the timeline for the Mainnet upgrade.
Cosmos Around the World — Catch the Highlights
HackAtomVI is live
Evmos incentivized testnet is up
Secret Network, Ki Foundation, welcome to the IBC Gang.
Find the latest governance proposals here.

Check out our latest biweekly update on Cosmos ecosystem vol. 59 covering the following topics: HackAtomVI is now live, The Vega upgrade is here, Tendermint new v0.35 release, Secret Supernova is live, the IRIS Hub 1.2 mainnet has landed, the Injective Canonical Chain mainnet launches, Agoric raises $32M, launches mainnet, BitTorrent Chain (BTTC) has integrated with Binance Smart Chain (BSC), THORChain mainnet by Christmas, and more!

DFINITY

DFINITY Announces Community Awards Program to Supercharge the Internet Computer Ecosystem
Voting Is Open to Enable Canister Smart Contracts to Transfer ICP Tokens
Voting is now live for a motion proposal 31159 to request community approval to work on people’s parties.
This week, the InternetComputer reached a record high of 28.13 blocks per second.
Paris Hilton and Bill Ackman Back $300 Million NFT Foundation

Solana Network

Solana introduced Sonar V2, a tool for user’s daily DeFi monitoring and Solana ecosystem exploration.

The future of social, search, and the metaverse: What happened at Solana Breakpoint 2021: Solana Breakpoint 2021, the first ever conference for the Solana ecosystem in Lisbon, Portugal, had three days of some of the most interesting conversations in the crypto industry. Video of every session is available online.
Cypher Raises $2.1M for Traditional Futures Market on Solana
Solana Ventures and Reddit co-founder, Alexis Ohanian, team up to launch a $100 million investment fund dedicated to Web3 and social projects.

Synthetix

The Alkaid Release: On November 16, the Alkaid release implemented some upgrades on L1 only. Here’s what’s included in this release:

SIP-120 : Atomic Exchange Function: This SIP creates a new exchange function allowing users to atomically exchange synths via TWAP Uniswap oracles secured by Chainlink oracles.

Terra

The Mirror Web App
Introducing: Protocol-owned Money Market
Saber is launching a triple yield farm for $CASH — $UST with Terra
Upcoming events on Terra ecosystem:

Tezos

Tezos Community Rewards — October
A Closer Look into Popular PFP Projects on Tezos
The latest issue of ‘The Baking Sheet’: Another milestone has been achieved as Tezos officially reached Quorum from Bakers which gives the go-ahead to upgrade for the 8th time. The proposal Hangzhou will introduce some key features on the protocol and setting it up for TenderBake.Learn more about Hangzhou at Tezos Agora.
Technology start-up accelerator, Entrepreneur First, partners with Tezos to attract founders that seek to develop Web3 applications on the Tezos ecosystem.

Akash Network

Akash and Polygon Offer Decentralized Infrastructure to dApp Developers: Akash Network and Polygon join forces with a bounty matching program that offers the Polygon Ecosystem a path from traditional cloud to cloud providers on Akash Network. Akash’s peer-to-peer marketplace offers Polygon developers a cost-effective option to deploy and scale their applications and services while Polygon provides a starter kit to developers including instructions for hosting on Akash Network.
Introducing the Permaweb Hackathon

Bluzelle Enters The Metaverse with Denomination

Elrond

Filecoin

Filecoin News 31: The FVM brings new capabilities to decentralized storage. Plus, five up-and-coming NFT projects building on Filecoin, and more.
Introducing the Filecoin Virtual Machine: A unified, interoperable environment for computation and storage, enabled by the Filecoin Virtual Machine.

Injective

Injective Astro: A $120 Million Liquidity Incentive Program: The community has voted to launch Injective Astro: A $120 Million Incentive Program to bring liquidity and traders to Injective Protocol.
Injective VIP Fee Discount Program Launch: The VIP Fee Discount Program is now live on the Injective mainnet.
Injective is Set to Launch the World’s First Fully Decentralized Derivatives Markets with the Band IBC Oracle
Crypto Briefing: Injective Protocol Launches Mainnet, $120M Incentive Program
CoinMarketCap: What Is Injective Protocol (INJ)? Features, Tokenomics, and Price Prediction

IRIS Network

IRIS Hub 1.2 mainnet has been successfully upgraded: On November 15, IRISnet successfully upgraded its mainnet to IRIS Hub 1.2! The upgraded mainnet, as well as the integrated TIBC protocol and enhanced NFT features have gone live, which will further push up the network utility rate and better support business applications and use cases, especially in terms of cross-chain NFT and trustworthy global trade of digital/digitized artworks. As planned in the upgrade proposal & pre-announcement, the node software halted at block height 12534300 (2021–11–14 16:30:00 UTC), to allow all nodes to upgrade. After approximately 12 hours, the voting power of validators who had completed the upgrade exceeded 67%, and all nodes began running, indicating that the upgrade has been completed successfully. The upgraded mainnet IRIS Hub 1.2 has integrated TIBC protocol and enhanced NFT features to better support various business scenarios, including cross-border trade of digital/digitized artwork, and bring us one step closer to the vision of the Internet of Values.
IRISnet Monthly Update: 2021.10 — Technology & Ecosystem & Community Recap
Announcement | irishub v1.2.1 has been successfully upgraded
Notice | Upgrade to irishub v1.2.1
IRITA is awarded the 2021 China Blockchain Excellent Product.
Find the latest IRISNet proposals here.

ICON

Introducing the $ICY Token: There will be a snapshot taken during the last week of December for holders and stakers of $ICX. These holders will be able to claim an airdrop of $ICY equivalent to their $ICX holdings at a later date.
ICON has a Brand New Look for the Launch of ICON 2.0

IOST

Kava

Celer Network to Bring Efficient Cross-Chain Bridging to Kava
The Loan Wars: Rules of Engagement
Q4 Kava Developer Update
Kava 9 Is Coming: IBC and More: The Kava 9 mainnet upgrade is coming, and it’s bringing a number of exciting changes aimed at expanding the Kava Ecosystem by adding new ways for users and projects to bring their assets to Kava. Chief among these is the upgrade to version 44 of the Cosmos SDK, which will implement the Inter-Blockchain Communication Protocol (IBC). This will allow holders of all IBC-enabled assets to seamlessly bring their assets to Kava and earn with them on Kava’s best-in-class products. Existing Kava users will also gain access to an array of new in-demand assets to use in the Kava Ecosystem. The targeted launch timeframe for the Kava 9 upgrade is late Q4 2021 to Q1 2022.

mStable:

mStable 🤝 Olympus Pro — Treasury Bond Program for mStable’s expansion: Following a successful governance vote , mStable announced that it is part of Olympus Pro Cohort 3 launch partners. MTA bonds went live on November 16 and users sold their mUSD/3pool LP tokens on Olympus and obtained MTA at a discounted price over 7 days.
mStable MTA Bonds Purchase Guide on Olympus Pro
Open mStable Development Snowball: mStable have partnered with Instadapp on the Developer Snowball bounty to integrate mStable into Instadapp.
mStable has partnered with Idle finance on a matching bounty to develop a strategy for Idle Perpetual Yield Tranches supporting mStable Save.
mUSD/USD now available for full trading on Coinbase Pro.
Check out mStable’s latest proposals here.

Near Protocol

Persistence

Catch the/ Interchain.FM podcast with the Persistence team
Persistence’s pStake finance, raised $10 million in a recent round of funding. The funds will be used to bootstrap their liquid staking protocol.

Polygon (previously Matic)

Polygon unveils Miden: Polygon Miden is an advanced ZK Rollup. ZK Rollups are very promising, but currently, it’s hard for them to support arbitrary logic and transactions, such as those happening on Ethereum. Polygon Miden will solve this challenge using its core component — Miden VM.
Copper integrates with Polygon: The Copper team announced that it will be integrating and going live with Ethereum scaling solution Polygon.
Polygon donating $1m to Gitcoin: Polygon has committed $1 million to Gitcoin in support of digital public goods, making one of the largest donations to the decentralized funding platform for open-source projects.
7 takeaways from the Polygon Hermez fireside chat
Polygon Arrives on Nexo With Up to 20% APR for MATIC Holders
Akash Network and Polygon Join Forces
NFL Dabbles With NFT Ticket Collectibles on Polygon
Check out the latest Polygon integrations here.

Secret Network

The Supernova Mainnet Upgrade is Complete: Supernova — Secret’s first major mainnet upgrade since Secret Contracts launched in September 2020 — is officially live. Learn how this achievement is bringing new interoperability, cementing Secret Network as the privacy platform for Web3.

StaFi

StaFi Released rSwap APP on Mainnet: StaFi released the rSwap App on mainnet to help rToken holders to do the quick-swaps for native tokens by selling rTokens in an Exchange Rate Discount (ERD).
Deposit & Trade FIS — Up to $100,000 in FIS to Be Shared! | Binance Support

THORChain

Dev Update #116-#117
Quarterly Treasury Report — Q3 2021: The treasury comprises $273m, funding protocol development, liquidity and paying out to community grants. Liabilities have been mostly repaid. The protocol has 177m ($2.5bn) in RUNE reserves. Planned Obsolescence July 2022.
Mega Weekly Dev Update #106-#115
THORChain mainnet by Christmas.

xDai

xDai Weekly Newsletter November 19, 2021

xDai reportedly wants a Gnosis merger to stay more relevant among competitors. However, token holders are pointing out that Gnosis’ terms are going to result in a hostile takeover if the deal goes through.
Last Monday the community had a chance to connect at a joint xDai/Gnosis AMA regarding the Gnosis merge proposal.
03 Labs announced an xDai integration
The Brave team introduced a native wallet for their ecosystem, potentially bringing in many new crypto users. xDai can be easily configured for Brave, just as it can for MetaMask. Instructions here.
DeFiYield dashboard now supports the xDai network.

Zilliqa

Letter from the CEO: November 2021
Announcing the eleventh wave of ZILHive Grants awardees
XIDR on the Zilliqa blockchain has been announced, the first Indonesian Rupiah fiat-backed stablecoin:

0x project

0x API is now available on Celo:

0x API is live on Celo, aggregating liquidity across Ubeswap and Sushiswap.
The team launched support for 0x API on Celo alongside 0x initial partners Matcha, DexGuru, DexKit, Metric Exchange, Zapper, and Zerion.
Check out the documentation and start building on Celo with 0x API today