State of Stake vol. 68

Paradigm

Published in

Paradigm

15 min readJun 13, 2022

Paradigm’s biweekly update on the Proof-of-Stake ecosystem, 30th May — 13th June

TL;DR

Ethereum Ropsten testnet merged successfully
Aave V3 has officially been deployed on the Ropsten testnet
Coinversation got the 19th parachain slot on Polkadot. After winning an auction, Kabocha will be onboarded as Kusama’s 37th parachain (plus Statemine & Encointer)
Lido launched Polkadot staking on its platform
BNB Smart Chain Mainnet Euler upgrade brings more stability, decentralization, and validators to the BSC Mainnet
USDT launches on Polygon
USDC bridge is live on Cardano
Chainlink Keepers and Chainlink VRF go live on Avalanche
The Brave privacy browser adds support for the Solana network. Last week, the Solana network suffered its latest outage
The Injective ecosystem now officially supports Polkadot native assets, allowing Injective to be the primary gateway for cross-chain Polkadot assets to enter the Cosmos universe
The Graph’s hosted service integrates the first Cosmos Chain: Cosmos Hub
The popular cross-chain bridge, Wormhole, is expanding into the Cosmos ecosystem
Synthetix Atomic Swaps generated $150 million in trading volume in the last 7 days thanks to 1inch integrating with Synthetix
Following the initial launch of Bancor 3, 100+ pools are now live on Bancor 3
Astar is partnering with Band Protocol, which will be providing a reliable, secure, time-tested data feed solution for Astar Network
A digest of the latest developments within the Internet Computer ecosystem and ICP community is out
Registrations are now open for TezDev Paris 2022, an event that brings together builders, creators, and innovators from across the Tezos ecosystem, happening from July 21 to 23
Algorand’s biggest event of the year is back for 2022! Decipher is coming to Dubai, November 28–30
The 0xpo Summit 2022 will be on November 2–3, 2022, in San Francisco
The Kava network has added the Sushi protocol to its developer incentive program by allocating a total of $14 million in funds
NEAR protocol partnered with Infura, the leading Ethereum development platform, to help developers access its industry-leading simple, secure, and scalable platform
mStable Save on Polygon and Ethereum mainnet are now both fully compliant with ERC-4626 with the upgraded Save Contract
The final round of reward distribution for Akash Testnet 3 has been paid out to the remainder of the participants
Regen Governance Proposal #250 — enable Superfluid Staking on the OSMO/REGEN pool on Osmosis, recently passed
Filecoin news: Funding opportunities for public goods, FIL-Singapore tickets are now available, HackFS is back, & more
The recap of StaFiHub testnet — staking data, bug bounty and roadmap
New features & optimizations are continuously making their way into the Elrond protocol
1inch integrates with Opium
THORChain successfully sharded from 3 vaults to 6
Dock Wallet APP V2 has been launched
Kyber Network celebrates 5 years in DeFi
And much more!

Top 10 Crypto Assets by Staked Value

Proof-of-Stake Networks’ Updates

Ethereum

Ethereum 2.0 is up and running smoothly! With more than 358,800 active validators and thousands more queued up and waiting to join the network, the Ethereum 2.0
Ropsten testnet merged successfully.
Devcon applications now open
What’s New in Eth2–3 June 2022
EF Grantee Roundup: May 2022
Justin Drake proposes a governance-free liquid staking derivative
OpenEthereum support has officially ended
Latest ‘Week in Ethereum’:

Check out our recently-published ‘Defi in Ether’ — biweekly update on Ethereum DeFi ecosystem vol.54 full of news from the ecosystem: $49.6B in DeFi, mStable Save gets ERC-4626 upgrade, Maker now connected to StarkNet, Balancer now live on Optimism, STAKE ←→ GNO token merge is complete, The 0xpo Summit 2022 announced, Bancor 3 roll-out update, and much more!

Polkadot

XCMv2 Audit Completed by Quarkslab.
Polkadot Staking Update: May 2022.
Coinversation got the 19th parachain slot on Polkadot.
After winning an auction, Kabocha will be onboarded as Kusama’s 37th parachain (plus Statemine & Encointer).
You can watch Dr. Gavin Wood’s talk with Frank McCourt and Andy Serwer on the topic “What Will It Take To Build A Better Web?” here:

Missed Polkadot talks from Davos this year? Check out the playlist to hear from Polkadot founder Gavin Wood and projects in the Polkadot ecosystem on all things web3, multichain, identity, metaverse, and more:

Interested in developing your Polkadot developer skills? Join the online hackathon by amsterdot by June 20th and take your chance to win from a prize pool of $330k+, and get a chance to present at this year’s Polkadot Decoded.

Polkadot Relayers 2022: In association with Tribe, Polkadot Relayers 2022 is a program bringing together developers and entrepreneurs to create a conducive and engaging platform for innovative ideas to come to life. Apply Now.
More details on Polkadot Decoded 2022 (29–30 June) have been released. Events will be held in Berlin, New York, Buenos Aires, and Hangzhou.

Lido launched Polkadot staking on its platform. Users are now able to stake their DOT for daily rewards without an unbonding period and access a number of yield opportunities across Polkadot DeFi.
Latest Polkadot Digest:

Feel free to read our latest biweekly report on the Polkadot ecosystem vol.38: Bifrost won the latest Polkadot parachain slot auction, Listen Network and Bajun Network won Kusama’s auctions, Kabocha is in the lead, Nomination pools are live on Kusama, Parity and Klaytn will work to build Klaytn-Substrate, Polkadot Relayers 2022 introduced, Manta’s Dolphin V2 testnet is live, EVM compatible Humanode testnet v3 is here, Phala’s SubBridge app has launched, Equilibrium Whitepaper is out, 3 years since Chainlink mainnet, and more!

Avalanche

Chainlink Keepers and Chainlink VRF Go Live on Avalanche
Avalanche Launches Subnet Tutorial Contest with $32K in Prizes: Create guides on how to build Subnets. Help fellow developers shape the future of Web3.
Avalanche (AVAX) Listed on OKCoin Japan

Last week in AVAX:

Algorand

Algorand Foundation Announces Matthew Keller as the Director of Impact and Inclusion: Algorand Foundation adds to leadership team with Matt Keller joining as the first Head of Impact and Inclusion, will help to guide the Foundation in delivering on its mission to leverage Algorand blockchain to create global financial inclusion.
Nimble — Decentralized and Democratized Risk Insurance Protocol: The Algorand Foundation is excited to announce a strategic partnership with Nimble to bring ecosystem-wide insurance protection to users and projects building on Algorand. Nimble is a decentralized Insurance protocol powering a new way forward for insurance. Nimble represents a future built on the power of community and inclusivity, where all members of the process can earn investment income and participate in the insurance process.
Algorand Foundation sponsors ConnectedLife Conference.
Algorand’s biggest event of the year is back for 2022! Decipher is coming to Dubai, Nov 28–30.

Binance (BNB Chain)

BNB Smart Chain Mainnet Euler Upgrade Announcement: The Euler upgrade brings more stability, decentralization, and validators to the BSC Mainnet. Continue reading if you’re a node operator.
A Detailed Tour of the BNB Smart Chain Euler Upgrade: In this article, the team dives deeper into the Euler upgrade coming to BSC Mainnet. They explain the main changes and answer some frequently asked questions.
BNB Chain Weekly Ecosystem Report (3 to 9 June)
BNB Chain Presenting the DAO House Experience at Consensus 2022
The Beauty When Music Meets Web3
Find the latest BSC news here.

Cardano

USDC bridge is live on Cardano: Ethereum-based USDC can now be bridged to the Cardano blockchain through the Iagon Token Bridge, which is powered by Milkomeda, the sidechain protocol that delivers EVM capabilities to non-EVM blockchains.
New Release of Open-Source Cardano Web3 Decentralized Applications Tool Stack: The DAB solution is an MVP that provides an open-source alternative for Cardano developers to build decentralized applications (dApps) on Cardano’s blockchain.
Cardano At Consensus: A Look Ahead
From Classic To Chronos: The Implementations Of Ouroboros Explained

Cosmos Network

The popular cross-chain bridge, Wormhole, is expanding into the Cosmos ecosystem. Wormhole has partnered with Injective, an Ethereum-compatible blockchain that is able to natively communicate with Cosmos. The integration makes Injective the primary gateway for cross-chain native assets from another prominent layer 1 chains to enter the Cosmos universe.
The Mind, Body, and Soul of Cosmos.
Find the latest governance proposals here.

DFINITY

Internet Computer Updates: IC Gallery Is Now Plethora, Dmail Beta, and Spinner v2
Internet Computer Updates: InfinitySwap CDK, BTC<>ICP, OpenChat Enhancements
The Internet Computer for Ethereum Developers
Meet the Judges of the Internet Computer’s Supernova Hackathon
ORIGYN Launches OGY Utility Token, Powers Impossible Things NFT Marketplace: OGY lets users mint, reference, and transact ORIGYN certificates of authenticity for luxury goods, art, media, and collectibles.

Solana

Last week, the Solana network suffered its latest outage, which lasted for over four hours and was caused by a bug in how the blockchain processes a niche type of transaction that’s designed for offline use. Validators were able to restart the network after disabling the so-called “durable nonce transactions”.
The Brave privacy browser adds support for the Solana network. In the new browser version, the Brave Wallet can be used to buy, sell, and hold Solana tokens, SOL and SPL, through the non-custodial payment platform Ramp.
Solana Ventures and Solana Foundation establish $100 million investment and grant fund for Korea web3 startups

Synthetix

Nominations are now open for Synthetix Councils & V3GM Election Module
The Saiph Release
The Kochab Release: SIP-246 included in this release: Upgrade Collateral Shorts: Reenables shorting utilized by Synthetix partners. Fixes recently discovered accounting bugs in the contract, adds an owner function, and removes unused code.
Atomic Swaps — Synthetix’s Mainnet Usecase.

Tezos

Month at a Glance — May
Tezos Event Spotlight: Tezos & Tacos Vancouver (Meet-up)
Registrations are now open for TezDev Paris 2022, an event that brings together builders, creators, and innovators from across the Tezos ecosystem, happening from July 21 to 23 in Paris, France.
Plenty DeFi Launches an Ethereum Bridge

Aave

Latest Aave News: AIP-78, liquidity mining evolution, governance house,& more ecosystem updates.
Follow the Aave governance forum.
Aave V3 has officially been deployed on the Ropsten Testnet:

Akash Network

Bancor:

100+ Tokens Go Live on Bancor 3: Following the initial launch of Bancor 3, 100+ pools are now live on Bancor 3.
Bancor 3 Roll-Out Update: 150+ more tokens, Auto-Compounding Rewards, Dual Rewards, UI enhancements, more integrations with wallets, aggregators and token projects.

Band Protocol

Astar is partnering with Band Protocol, which will be providing a reliable, secure, time-tested data feed solution for Astar Network.
Band Protocol’s decentralized oracle solution is now live on Cronos, the blockchain network backed by Crypto.com.

Bytom:

Celo

Celo-Mercy Corps Ventures Pilot Highlights How DeFi on Celo Empowers Farmers in Kenya

Dock

Fundamentals of Decentralized Identity: Free Certification Course: Don’t know what Decentralized Identity is and how they work on Blockchain? Dock has brought this free course for you. Watch the videos, complete the quiz, and receive your certificate as a digital Verifiable Credential.
Dock Wallet APP V2 has been launched a few days ago. You are now able to carry both your DOCK and your Verifiable Credentials.
Last week at Dock:

Elrond

Filecoin

180Protocol: Confidential Cloud Computing with Decentralized Storage: 180Protocol offers Data Unions to ensure the privacy features that are necessary for Web3 enterprise.
Filecoin News 44: Funding opportunities for public goods, FIL-Singapore tickets are now available, HackFS is back, & more.
FIL-Singapore Tickets Are Live!: The Filecoin community comes together in August for presentations, workshops, and meetups on the latest in Web3 — grab your tickets now.
Funding Opportunity for Public Goods in the Filecoin & IPFS Ecosystem: The Protocol Labs community has just announced a Gitcoin Grants Matching Round, happening June 8th through 23rd, to help fund public and network goods in the greater Protocol Labs (IPFS / Filecoin) ecosystem.
Understanding Filecoin Data Aggregators for Storage Providers: A look at different tools and common metrics that are taken into account for Storage Provider operations on the Filecoin Network.

The Graph

The Graph’s Hosted Service Integrates First Cosmos Chain: Cosmos Hub: This beta integration, led by core dev Figment, steers The Graph to its third non-EVM ecosystem and 35th hosted service chain.
Substreams: Massively Faster Indexing Performance for Subgraphs: Substreams: How parallel processing and data composability transform The Graph dev experience.

Injective

Injective Becomes the First Cosmos Ecosystem Blockchain to Integrate Trezor to Further Hardware Wallet Support: Injective has now integrated Trezor to further allow hardware wallet support to its users.
May Update: A Focus on New Integrations and Community
Injective Integrates Polkadot Assets to Expand the Cross-Chain Universe: The Injective ecosystem now officially supports Polkadot native assets, allowing Injective to be the primary gateway for cross-chain Polkadot assets to enter the Cosmos universe.
Decentralized Polkadot (DOT) Spot Market Listing on Injective Pro: Polkadot (DOT) spot markets are now on Injective Pro.
Injective Integrates Torus Wallet to Enable Social Logins for Mainstream Users

IRIS Network

Kava

Kava News: May
Introducing Kava Earn: Simplified DeFi strategies on the Kava Network.
The Kava network has added the Sushi protocol to its developer incentive program by allocating a total of $14 million in funds. The integration will allow Sushi users and developers to have seamless access to the entire $300 billion market value of Ethereum and Cosmos from a single network.
How to Wrap KAVA to wKAVA (a Kava EVM Tutorial)

Kyber

Kyber Network Celebrates 5 Successful Years in DeFi
What is Decentralized Finance [DeFi]?
Find out all Kyber proposals here. Check them out on GitHub.

mStable

mStable Save gets ERC-4626 upgrade: mStable Save on Polygon and Ethereum mainnet are now both fully compliant with ERC-4626 with the upgraded Save Contract. The upgrade retains full backwards compatibility and has no breaking changes.
mStable Governance Updates — 7 June 2022
Check out mStable’s latest proposals here.

Near Protocol

This year’sNEARCON Beta will be held in Lisbon, Portugal, from Sept 12 to 14.
NEAR protocol partnered with Infura, the leading Ethereum development platform, to help developers access its industry-leading simple, secure and scalable platform.
Armored Kingdom, Brave, JavaScript: Highlights from NEAR @ Consensus
Armored Kingdom Launches New SciFi-Fantasy Media Platform on NEAR
NEAR Joins Multichain To Bring More Cross-Chain Capabilities to the Ecosystem
Highlights from NEAR at Davos: Crypto Goes Mainstream

Oasis Network

Persistence

Community Newsletter #20 — May 2022

Polygon

Tether launched USDT on Polygon, offering a new stablecoin option for more than 8,000 teams building on the network. USDT is expected to help alleviate the effects of market volatility by providing another stable currency to generate yield and to move in and out of the network.
Chainlink’s Verifiable Random Function (VRF) is now live on Polygon. Polygon developers who require access to a secure, fast, and cost-efficient source of on-chain randomness can now leverage Chainlink VRF v2 for a wide range of use cases across DeFi, DAO governance, and more.
Polygon Zero April-May Roundup
Going Green 101: Carbon Markets Demystified
Polygon Announces Winners of $25,000 in Graph Hack Awards
PolygonInsights — WEEK22
Check out the latest Polygon integrations here.

Regen Network

Regen Governance Proposal #250: Enable Superfluid Staking on the OSMO/REGEN pool on Osmosis, recently passed.

Dev Update #144-#146: THORChain Dev Update for Weeks 144–146, 13 May — 2 June.

Gnosis Chain (formerly xDai Chain)

Gnosis Chain Weekly · 10 June, 2022:

Gnosis DAO Community Call on the 13th of June with Gardens.
GnosisDAO GIPs and Snapshot Votes this week.
The poster competition concludes on the 24th of June. 1st prize wins a DappNode Xtreme Gnosis Chain validator.
Dark Forest speedrun competition wrapped up, successfully running on a Gnosis Chain Optimistic Rollup.
AMA with XP.Network took place on the 7th of June.
Dosh from the Gnosis Builders team talked with HOPR on Twitter Spaces.
Hundred Finance launches on Gnosis Chain.
DNetPro integrates Gnosis Chain.
New farms launched on Swapr.

Yearn Finance

Read the latest Yearn Finance Newsletter #62.
Building during bera: Haven’t you heard, anon? DeFi is dead. Long live DeFi. Long live Yearn.

Zilliqa

0x project

Announcing the 0xpo Summit 2022: The event will be on November 2–3, 2022, in San Francisco at the beautiful Yerba Buena Center for the Arts. As with the inaugural 0xpo ’20, participation is by invitation/registration only.

1inch

1inch integrates with Opium: Thanks to the integration, Opium derivatives pools are now available in the 1inch dApp, creating extra earning opportunities for users.
The 1inch Foundation extends the gas refund program: The 1inch Foundation has decided to continue to compensate gas costs to the 1inch DEX aggregator’s users.
1inch partners with Travala.com: Thanks to the integration, 1INCH holders will be able to book millions of products on the leading crypto-friendly travel website.

That’s all for today! Your feedback is highly appreciated! Let us know what you think about the format & content.

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