State of Stake vol. 70

Paradigm

Published in

Paradigm

17 min readJul 11, 2022

Paradigm’s biweekly update on the Proof-of-Stake ecosystem, 27th June — 11th July

TL;DR

Ethereum Sepolia testnet merged successfully
Polkadot announced a new on-chain governance model, Gov2, which aims to improve inclusivity and decentralization while increasing the number of decisions Polkadot governance is able to make
Congratulations to Darwinia Network on winning Polkadot’s 21st parachain auction and Totem on winning Polkadot’s 20th parachain auction
The Vasil hard fork successfully launched on Cardano’s testnet. Once completed on the mainnet, the Vasil hard fork will allow faster block creation and greater scalability for DApps running on Cardano
Aave has created an ARC for a new decentralized, collateral-backed stablecoin, native to the Aave ecosystem, known as GHO
Immutable X announced staking
Algorand’s biggest event of the year is back for 2022! Decipher is coming to Dubai, November 28–30
June was an exciting month for BNB Chain as the team made further progress on our Development Outlook for 2022 and continued diving deeper into BNB Smart Chain (BSC), BNB Beacon Chain, and BNB ZkRolllup
Tezos launches Jakarta 2, its 10th protocol update. The original Jakarta protocol was found to have two critical bugs, which were affecting the implementation of the experimental Transaction Optimistic Rollups, or TORUs feature. Both bugs have been fixed in Jakarta 2
The v16 network upgrade, codenamed Skyr, happened on July 6th. This upgrade transitioned the Filecoin network to run its core logic on the Wasm-based Filecoin Virtual Machine
Injective has undergone a mainnet chain upgrade that includes support for CosmWasm smart contracts, interchain accounts, binary options, negative maker fees, and more
In order to strengthen the Solana network in the face of massive user growth and adoption, engineers have been working on a number of upgrades
Stake Wars is back to help decentralize the NEAR network and help the community with cool new challenges and rewards to members who want to become validators. In Stake Wars: Episode III, NEAR is focusing on Chunk-Only Producers — NEAR’s next step toward a fully-sharded protocol
Polygon Avail launches on testnet to turn monolithic chains modular
Catch up on the latest from the ICP ecosystem in the Internet Computer Updates digest: Supernova Community Choice voting is open, Motoko Mech Zero unveiled for NFT airdrop, Protected recovery phrases for Internet Identity
New KyberSwap Elastic protocol inherits all the powerful features of KyberSwap Classic, while giving you concentrated liquidity and the flexibility to take your earning strategy to the next level
Band Protocol partners with Astar Network
Subgraph indexing performance is getting significantly faster. The Graph’s hosted service integrates the first Cosmos Chain: Cosmos Hub
GameStop chooses 0x API to power DEX swaps in its new digital asset wallet
Elrond-go v.1.3.35.0 is here, with several fixes & improvements. Jungle DEX is here: Web3 innovation playground
ICS-721 spec for interchain NFT transfer was merged and entered the development stage
Private messaging platform Alter launched a limited beta, allowing new access for SCRT stakers
Yearn launches NFTreasury.org, a treasury creation tool for NFT projects
Introduction to THORChain’s LUVI and Midgard APR calculation update
Kava 11 is officially set to launch on August 31
The June ICON Roadmap Update has been published
The Celo Africa Web3 fund is live
Dock’s web3 IDs are coming
Oasis Q2 2022 engineering update was published
StaFi Protocol Monthly-June community update is out
And much more!

Top 10 Crypto Assets by Staked Value

Proof-of-Stake Networks’ Updates

Ethereum

Sepolia testnet merged successfully.
Mainnet-shadow-fork-8 merged successfully.
Mainnet-shadow-fork-9 merges July 14, plan to test MEV-boost.
Latest core devs call video. Notes from Tim Beiko and Christine Kim.
Ethereum 2.0 is up and running smoothly! With more than 406,000 active validators.

Prysm v2.1.3: merge fixes
Nimbus: light proxy becomes possible using beacon chain light client protocol post-merge
foobar: Proof of Stake explainer with common misconceptions
Latest ‘Week in Ethereum’:

Check out our recently-published ‘Defi in Ether’ — biweekly update on Ethereum DeFi ecosystem vol.56 full of news from the ecosystem: $40B in DeFi, dYdX Chain announced, EulerDAO introduced, Compound releases code for multi-chain Compound III, Uniswap Labs completed an acquisition of Genie, The Synthetix Algol release, Balancer’s update on the bug bounty progress, and much more!

Polkadot

Polkadot announced a new on-chain governance model, Gov2, which aims to improve inclusivity and decentralization while increasing the number of decisions Polkadot governance is able to make.
Congratulations to Darwinia Network on winning Polkadot’s 21st parachain auction and Totem on winning Polkadot’s 20th parachain auction!
ink! 3.3.0 has been released. This restores SemVer compatibility in the 3.x series of releases, along with compatibility with v0.13.0 of substrate-contracts-node.
You can see all of the HRMP channels between parachains (on either Polkadot or Kusama) using the “Dotsama Channels” app.
Only on Kusama & Polkadot it is possible to swap parachain slots with no downtime, no vulnerabilities, and no loss in security — even for a second. Congratulations to Shiden for being the first to extend their slot using XCM, without governance.
Referendum 64, funding a Treasury Proposal to reimburse various teams for their work at Davos, has passed.
Referendum 67, upgrading the Polkadot runtime to v9230, has passed and been executed.
Imbue will be onboarded as Kusama’s 39th parachain (plus Statemine & Encointer) after winning an auction.
InvArch Tinkernet has been in the lead the entire Ending Period.
Amplitude is currently in the lead of the current parachain slot auction, but InvArch Tinkernet has also been in the lead during the Ending Period.
Referendum 210, upgrading Statemine to runtime v9230, has passed and executed.
Recommending validators using an active learning algorithm
Polkadot Community Call (2/2) — June 2022:

Interested in upgrading your Web3 developer skills? Register for Web3athon, a 3-month virtual event for developers & builders sponsored by Polkadot, and get a chance to win from a prize pool of $800k.

Feel free to read our latest biweekly report on the Polkadot ecosystem vol.40: The second day of Polkadot Decoded 2022 is in full swing, Totem got the 20th parachain slot on Polkadot, Imbue will be onboarded as Kusama’s 39th parachain, Interlay plans to launch iBTC, Darwinia and SubWallet are now integrated, Band Protocol price feeds now live on CLV, Moonbeam introduced Harvest Moon, Celer is partnering with Gnosis chain, and more!

Avalanche

Algorand

Key Dates For Algorand Governance Upcoming
Algorand Foundation partners with The Digital Economist to accelerate its Decentralized Community Governance: The Algorand Foundation announces grant funding support for The Digital Economist. The Digital Economist is a global impact ecosystem focused on building insights, products, services and programs towards human and planetary outcomes, serving as trusted advisors to some of the largest companies in the world.
Algorand Foundation Appoints Eric Wragge as Global Head of Business Development and Capital Markets: The Algorand Foundation, whose mission is to grow the ecosystem of the carbon-negative Layer 1 blockchain invented by Turing Award winner and MIT professor Silvio Micali, Algorand, announced the appointment of Eric Wragge as Global Head of Business Development and Capital Markets.
Algorand Foundation Appoints John Woods as Chief Technology Officer: The Algorand Foundation, whose mission is to grow the ecosystem of Algorand, the carbon-negative Layer 1 blockchain invented by Turing Award winner and MIT professor Silvio Micali, today announced the appointment of John Woods as Chief Technology Officer.
AlgoSeas pirate-themed idle staking game receives Algorand Foundation grant award
Algorand’s biggest event of the year is back for 2022! Decipher is coming to Dubai, November 28–30.

Binance (BNB Chain)

Technology Update of BNB Chain in June 2022: June was an exciting month for BNB Chain as the team made further progress on our Development Outlook for 2022 and continued diving deeper into BNB Smart Chain (BSC), BNB Beacon Chain, and BNB ZkRolllup.
Slope Wallet Integrates BNB to Cross-chain Suite: The integration will see Slope offer a fully robust list of BNB dApps in its BNB dApp Browser. BNB has one of the most vibrant protocol ecosystems in the Web3 space, and the growth is continuous.
Revolutionizing Payments: Superfluid Protocol Live on BNB Chain: One of Superfluid’s core features — the ability to transfer value every second with a single transaction — presents unique benefits for DAOs and crypto-native businesses on BNB Chain.
BNB Chain Weekly Ecosystem Report (1 to 7 July)
How to Issue, Mint, and Transfer NFT on BSC using the Black IDE: Enjoy our step-by-step guide on how to issue Non-fungible tokens (NFTs) (ERC721/1155) on the BNB Smart Chain (BSC) Testnet using the Black IDE. Learn how to issue, mint and transfer NFTs on the BSC Testnet using Solidity, Truffle, MetaMask, and BlackIDE.
A Guide to Minting Your Own NFTs on BNB Chain: Over the next few weeks the team will be offering you an incisive three-part guide on how you can create your own NFTs before then attempting to launch them on different marketplaces and establishing your very own dedicated community. Enjoy the first piece on how you can get started.
ApeSwap’s Treasury Bills: Marriage of NFT and DeFi: ApeSwap will now add Jungle Bills to its broader Treasury Bills offering as it aims to extend the ability to create sustainable liquidity out to its partner projects.
Find the latest BSC news here.

Cardano

The Vasil hard fork successfully launched on Cardano’s testnet. Once completed on the mainnet, the Vasil hard fork will allow faster block creation and greater scalability for DApps running on Cardano.
The Cardano Foundation furthers its partnerships and drives conversations: Activity levels rise for the Cardano Foundation with new partnerships formed and the CF team spotlighting events from Consensus in Austin to Women in Tech in Paris.

Cosmos Network

The next HackATOM, the hackathon competition that features challenges, amazing workshops and building in Cosmos, will be happening in Seoul, South Korea, July 29 to 31. This will be the first in-person hackathon for Cosmos since 2019.
ELI5: What is IBC?
Find the latest governance proposals here.

DFINITY

Solana

Solana Network Upgrades: In order to strengthen the Solana network in the face of massive user growth and adoption, engineers have been working on a number of upgrades.
Solana announced it will launch a new Web3 mobile phone, called Saga. Users will be able to download Web3 dApps, including NFT marketplaces, and developers would leverage the phone’s hardware security measures and tools to publish their own products.
Hit the Road to Breakpoint with more Solana x Jump Hacker Houses

Synthetix

The Synthetix Algol Release: Here’s what’s included in this release — SIP-251: Differentiate Liquidation Penalties: Adds a new system setting for SNX staker liquidations
Jun 29/30: Synthetix Community Governance Call.
Spartan Twitter Space: Synthetix Ambassadors and Euler Finance.
SNXweave’s Quarterly Report is here
Episode 4: Synthetix Rebirth — The Parsec Podcast

Tezos

Tezos launches Jakarta 2, its 10th protocol update. The original Jakarta protocol was found to have two critical bugs, which were affecting the implementation of the experimental Transaction Optimistic Rollups, or TORUs feature. Both bugs have been fixed in Jakarta 2.
Month at a Glance — June
Back to Basics: The Weird and Wonderful World of typed.art
Tezos Meet-Ups Are Back
The latest Tezos Backing Sheet is out. Happy 4 Year Anniversary Tezos

Aave

Aave has created an ARC for a new decentralized, collateral-backed stablecoin, native to the Aave ecosystem, known as GHO. Read more below and discuss your thoughts for the snapshot (coming soon).
Latest Aave News: Harmony Exploit Update, Sigma Prime Snapshot, Paris rAAVE & more.
The community-centered approach to Web3 — Aave founder and CEO.
Follow the Aave governance forum.

Bancor

Bancor 3: The mechanics
Bancor Update — Week of July 4, 2022
Bancor Update — June 29, 2022: In this update, the team addresses some commonly asked questions, gives a high-level overview of what happened, the current state of the protocol and the path to recovery.
Market Conditions Update — June 19, 2022
Get involved in Bancor DAO at gov.bancor.network

Band Protocol

Band Protocol Partners with Astar Network
CLV, a specialized Layer 1 chain built on Polkadot that is EVM compatible and cross-chain interoperable, partnered with Band Protocol to bring secure and accurate data feeds to its infrastructure platform for cross-chain and decentralized applications.
Band Protocol on OKC Now Live
Improving traditional Blockchain with Band Protocol

Celo

Announcing the Grand Prize Winners and Awardees of Celo Camp Batch 5
The Celo Foundation Announces Two Key Appointments
Some exciting ecosystem highlights on Celo this past week
The Celo Africa Web3 fund is live

Dock

Dock Network (DOCK) — The Most Comprehensive Guide (2022): Dock is building a gateway to Web3 by providing simple solutions for businesses and developers to build, manage and present digital Verifiable Credentials and decentralized identities using blockchain. Dock provides credentialing technology that can be used to create cryptographically secure and instantly verifiable digital credentials, including workforce certificates, academic achievements, identity documents, and KYC checks.
Dock’s web3 IDs are coming:

Elrond

Last week in EGLD:

Filecoin

Filecoin News 46: The v16 network upgrade, codenamed Skyr, transitioned the Filecoin network to run its core logic on the Wasm-based Filecoin Virtual Machine. This upgrade represents the most dramatic transformation of the Filecoin network since its inception nearly two years ago, and is the first step towards unlocking user programmability on Filecoin.
ESPA Bootcamp: Supermicro’s Solutions for the Filecoin Ecosystem: The Enterprise Storage Provider Accelerator program is designed to help startups, data centers, managed service providers, and CTOs become successful members of the Filecoin network. Let’s take a look at some of the modules that have been shared during the bootcamp.
Lighthouse Makes Permanent Storage on Filecoin Easy and Affordable: Lighthouse is a facilitator of permanent file storage on the Filecoin Network where users only pay once and their files are stored forever.
How to Become a Green Storage Provider: Filecoin Green provides important guidance and tools to SPs who contribute to the network’s efforts towards decarbonization.

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

Mainnet Chain Upgrade: Smart Contracts Are Now Live On Injective: Injective has undergone a mainnet chain upgrade that includes support for CosmWasm smart contracts, interchain accounts, binary options, negative maker fees and more.
June Update: Further Expanding the Injective Ecosystem

Immutable X

Immutable X announced staking.
ETH offramp is now available to any developer building an Immutable X powered platform. Developers can enable their users to sell L2 ETH and have the proceeds deposited directly to their bank accounts.
Last month, Immutable launches $500M fund to boost web3 gaming adoption.
Twitter space: Scaling metaverse games with Oxya Origin.
Twitter space: Talking Tower Defense with WAGMI Games @ianbentley @LuisTrueHero.

🚀Powered by Immutable X:

WAGMI Games is now a part of the Immutable fraternity of amazing Web3 Games.
Yumon is building the first player-owned creator fantasy world on ETH powered by Immutable X + StarkWare.

IRIS Network

IRISnet Monthly Update: 2022.05 — Technology & Ecosystem & Community Recap
Rainbow Validator Introduction vol.5 | IRISnet Validator Rewards Program

ICON

ICON Development Update — June 2022: In June, the ICON team continued making progress on ICON 2.0, BTP, and ICON Bridge.
Min Kim Talks ICON Bridge, BTP — The Iconist

Kava

Kava News: June: Announcing Kava 11, fresh ways to earn, and exciting #KavaRise partners
Announcing Winners of the Kava 10 Launch Giveaway
Kava 11 is officially set to launch Aug 31:

Kyber

Announcing the new KyberSwap protocol — KyberSwap Elastic: KyberSwap Elastic inherits all the powerful features of KyberSwap Classic, while giving you concentrated liquidity and the flexibility to take your earning strategy to the next level.
KyberSwap Trading Contest with 20,000 KNC rewards
KyberSwap New Feature: Trading Leaderboard
Find out all Kyber proposals here. Check them out on GitHub.
Kyber Network and Oxalus Wallet make swap features more convenient.
This decentralized exchange is on a quest to become an all-in-one DeFi platform.

mStable

mStable Governance Updates — 27 June 2022.
Check out mStable’s latest proposals here.
An overview of some exciting stuff on the horizon for Vaults & the ERC-4626 standard.
Moving to V2: Learnings from mStable V1: Twitter Space.

Near Protocol

NEAR in June: Mila Kunis’ Armored Kingdom, Consensus, Multichain, and More
Introducing Endlesss: Gamifying Music Creation with NFTs
How to Convert Web 2 Games to Web 3
Join Stake Wars to Become a Chunk-Only Producer: Stake Wars is back to help decentralize the NEAR network and help the community with cool new challenges and rewards to members who want to become validators. In Stake Wars: Episode III, NEAR is focusing on Chunk-Only Producers — NEAR’s next step toward a fully-sharded protocol.
Join the biggest NEAR event of the year at NEARCON in Lisbon, Portugal from Sept 11–14.

Polygon Avail launches on testnet to turn monolithic chains modular: Avail takes a bold step towards a modular future, where chains specialize and work together for a much more scalable Web3.
Data Availability, Polygon Avail & Our Multichain Future:

HTC launches metaverse phone with Ethereum, Polygon support: HTC launched metaverse phone “Desire 22 Pro”, which comes with a digital assets wallet and virtual reality (VR) headset pairing feature, as part of the Taiwanese firm’s Web3 expansion.
Facebook begins testing Ethereum and Polygon NFTs on profiles.
Polygon Partners With Tech Company Nothing to Enable Web3 Functionality
Sneak Peek of Polygon Tokyo Hacker House
Accelerating the Energy Transition With Reneum on Polygon
Polygon Funds Web3 Development With $100,000 Pledge to Gitcoin Grants Round 14
Why Neobanks Will Lead TradFi’s Shift to Web3
Twitter space: Building Climate Solutions #onPolygon.
Coinbase rolls out Polygon support for transfers of ETH, USDC.
Coinbase Wallet now supports Polygon NFTs on the Wallet mobile app and browser extension.
Polygon Studios x Ogami Conquest.
The Sandbox has unveiled a bridge that enables users to transfer their virtual NFT LAND and native SAND tokens from Ethereum to Polygon.

🚀Live on Polygon:

Check out the latest Polygon integrations here.
WOOFi recently launched on Polygon.
RociFi is now live Polygon.
Edverse announced its integration with world’s leading blockchain Polygon.
dForce has launched liquidity mining initiative on Polygon.

Introduction to THORChain’s LUVI and Midgard APR calculation update
Dev Update #147-#150: THORChain Dev Update for Weeks 144–146, 2 June — 3 July

Gnosis Chain (formerly xDai Chain)

Gnosis Chain Weekly · 01 July 2022: Highlights from last week; @dapplion, the Gnosis Chain Merge Coordinator, updated the community on their progress. The next round of DappCon Berlin tickets goes live on the 7th of July and dfdao revved their engines for the next round of Dark Forest.