State of Stake vol. 72

Paradigm

Published in

Paradigm

15 min readAug 11, 2022

Paradigm’s biweekly update on the Proof-of-Stake ecosystem, 26th July — 11th August

TL;DR

The Ethereum Goerli testnet has been successfully merged and is now a full Proof of Stake chain
Congratulations to Integritee Network on winning Polkadot’s 23rd parachain auction
Basilisk has won the most recent Kusama parachain slot auction
The Cardano Vasil hard fork, an upgrade that is expected to improve the network in terms of speed and scalability, was delayed for several weeks
Algorand Foundation announces global winners for its $50M blockchain research and education programme
Avalanche Hacks Summer 2022 has been announced, a virtual hackathon designed for builders around the world to solve key challenges in DeFi and GameFi, with $50K in prizes up for grabs
A data-driven analysis of the health of the Solana validator network. The Solana Summer Camp Hackathon submission form is now live
pStake is coming to BNB communities
Cosmos plan for delivering ABCI++
IC recently eclipsed a milestone of 100,000 canisters
Synthetix shares the SNX 2022 Release Milestones. 0x API is now aggregating liquidity from Synthetix on Ethereum and Optimism
The Aave V3 retroactive funding ARC is live
Tezos hit 10,000 new smart contract deployments in July 2022
BitTorrent Chain partners with Band Protocol to leverage its secure decentralized oracles
Oasis partners with Meta to assess fairness for its ai models, while protecting people’s privacy
Coca-Cola launched its first-of-a-kind, generative, sharable collectibles on Polygon
Dock is now an Associate Member of the Decentralized Identity Foundation (DIF)
Figment is now offering non-custodial EGLD delegation services. Bitpanda supports EGLD staking
Regen Network partners with Shamba Network, a data Oracle that serves solutions on-chain and for use by ReFi
In the recent Filecoin Network Upgrade, a new version of the SnarkPack proof aggregation library was released
Immutable has partnered with Cross The Ages (CTA) to launch the initial trading card game (TCG) in development for nearly two years
Injective has raised a brand new $40M round from some of the most renowned financial institutions to accelerate the adoption and growth of Web3 finance
Gnosis Chain will merge with the Gnosis Beacon Chain exactly like Ethereum will merge with the Ethereum Beacon Chain. Take a look at the weekly validator updates
The Graph Foundation allocates nearly $1M in wave 6 of grants
ATOM trading live on THORChain mainnet
The ICON team continued making progress on ICON 2.0, BTP, and ICON Bridge
Join the biggest NEAR event of the year at NEARCON in Lisbon, Portugal from September 11–14
Kava 11 is set to officially launch on September 8
mStable Governance Updates are out
Coinbase to support new KNC
Zilliqa’s 5th birthday
And much more!

Top 10 Crypto Assets by Staked Value

Proof-of-Stake Networks’ Updates

Ethereum

Ethereum’s 10th Mainnet shadow fork went live ahead of the upcoming “Merge” to Proof-of-Stake in September. Shadow forks are a series of tests that copy data from the main network (mainnet) to a test environment network (testnet). The Goerli testnet has been successfully merged and is now a full Proof of Stake chain.
Vitalik Buterin spoke about the longer-term future of the Ethereum network at the annual Ethereum Community Conference (EthCC) in Paris. The Ethereum co-founder discussed the network’s roadmap, including a “Surge” stage that will potentially increase scalability for rollups through sharding.
Beacon chain (Prater) upgraded to Bellatrix
Bordel predicts Goerli merge August 10–11
Sepolia testnet post-Merge upgrade at block 1735371 (August ~17), update your execution layer clients to disconnect peers that haven’t transitioned to PoS
Latest core devs call video. Notes from Tim Beiko and Christine Kim
Finematics: Merge explainer video

The Ethereum Merge Explained

Intro The Ethereum Merge, despite being one of the most significant blockchain upgrades in the history of…

finematics.com

Proof of Stake consensus layer

Beacon chain deposits: Lido at 31%, Coinbase + Kraken + Binance at 30%, only ~14% of validators are unlabeled
Lighthouse v2.5.1: fixes for 100MB per month memory footprint increase & fork choice error
Teku v22.8.0: MEV-boost support, libp2p & fork choice optimizations
Prysm v2.1.4-rc.1: Goerli merge support
Flashbots building a relay monitor & circuit breaker for MEV-boost as defense against block withholding attacks
Latest ‘Week in Ethereum’:

Check out our recently-published ‘Defi in Ether’ — biweekly update on Ethereum DeFi ecosystem vol.57 full of news from the ecosystem: $40B in DeFi, GameStop NFT is live on Loopring L2, Nexus Mutual ETH staking cover, Synthetix shares the SNX release milestones, 0x introduces Slippage Protection, Maker DAO voting to onboard Societe Generale, Enzyme EURs are now live, KyberSwap launches integration with Optimism, and more!

Polkadot

Congratulations to Integritee Network on winning Polkadot’s 23rd parachain auction. Integritee provides a scalable public blockchain solution for securely processing sensitive business or personal data while giving all parties control and transparency on what their data is used for.
With one day left in the current parachain lease auction, anonymous parathread ID 2057 has been in the lead the entire Ending Period so far.
The staking rate on Polkadot has decreased slightly to 51.9%.
Referendum 70, proposing to increase the number of HRMP channels to 30, is currently passing by a wide margin with 18 days left to vote.
Referendum 71, proposing to upgrade the Polkadot runtime to v9260, is currently passing unanimously with one day left to vote.
Basilisk has won the most recent Kusama parachain slot auction.
With four days left in the current parachain lease auction, GM Parachain has been in the lead the entire Ending Period so far.
KSM locked from the second set of auctions is now available to be unlocked. This is generally done by the relevant parachain teams.
Referendum 220, proposing to open an HRMP channel between Statemine and Calamari, is now open for voting and passing by a wide margin.
Motion 523, proposing to upgrade the Encointer runtime, is under consideration by the Kusama Council.
The staking rate on Kusama has increased to 50.6%, 0.4% less than the ideal staking rate of 51.0%.
Enjin’s Efinity, a next-generation blockchain for NFTs built on Polkadot, will power NFT collectibles for Square Enix’s Final Fantasy video game franchise.
For those in Seoul: on August 11th don’t miss your chance to join Polkadot during #KBW2022 to meet with the Polkadot community and some of the ecosystem teams, as well as enjoy networking with like-minded supporters of the ecosystem. Save your spot.
Polkadot Community Call — July 2022
Gov2: Polkadot’s Next Generation of Decentralised Governance

Latest Polkadot Digest

Feel free to read our latest biweekly report on the Polkadot ecosystem vol.42: Gov2 introduced, BridgePort got the 22nd parachain slot on Polkadot, Kintsugi will be onboarded as Kusama’s parachain, Acala’s IADS has launched, Zenlink is live on Astar, Moonsama integrates Social KYC, Efinity will power Final Fantasy NFT collectibles, Dock’s Web3 IDs are now live, Robonomics x Crust Network, Humanode testnet is now public & public sale whitelist is here, and more!

Avalanche

Welcome to Avalanche Hacks Summer 2022: Avalanche Hacks Summer 2022 has been announced, a virtual hackathon designed for builders around the world to solve key challenges in DeFi and GameFi, with $50K in prizes up for grabs.
Winners of the Avalanche Subnet Tutorial Contest
Amberdata to Deliver Comprehensive Data on Avalanche to Institutional Market Participants

Last week in AVAX:

Algorand

Algorand Foundation announces global winners for its $50M blockchain research and education programme: The program received 77 proposals with over 550 participants representing 46 countries; winners were selected by an international panel of 27 experts from a diverse set of disciplines.
Algorand’s biggest event of the year is back for 2022! Decipher is coming to Dubai, November 28–30.

Binance (BNB Chain)

BNB Chain Weekly Ecosystem Report (29 July to 4 Aug)
BNB Chain Technology Update for July 2022: July was an exciting month for BNB Chain as the team made further progress with the release of BSC v1.1.12, testing their BNB ZkRollup, working on the BNB Side Chain and the exciting BNB Beacon Chain Godel upgrade on Testnet.
BNB Chain AMA sessions with Stader: Stader AMA Campaign
BNB Liquid Staking: What You Need to Know
Soulbound Tokens to Pave the way for Decentralized Society on BNB Chain
Find the latest BSC news here.
pStake is coming to BNB communities

Cardano

Cardano reached a new milestone as it unveiled the first-ever Untyped Plutus Core Program entirely generated using only Typescript, a programming language based on JavaScript made for the creation of large apps as it provides better tooling at any scale. This could mean that developers may be able to write smart contracts on Cardano using TypeScript in the near future.
The Cardano Vasil hard fork, an upgrade that is expected to improve the network in terms of speed and scalability, was delayed for several weeks. It was originally scheduled to go live in June, but the team behind Cardano has prioritized a smooth network transition.
Kachina: Privacy-Preserving Smart Contracts
Layer 1 & Layer 2: All You Need To Know
How To Stake Your Ada?
Staking Is The Bedrock Of Cardano
Cardano Community Digest — 08 August 2022

Cosmos Network

The Tendermint Council and the path to delivering ABCI++: Cosmos plan for delivering ABCI++
The Web3 World According to Cosmos: Cosmos Co-founder Ethan Buchman brings to Consensus 2022 a presentation on the world of Web3 from the viewpoint of Cosmos.
HackATOM is live.
HackATOM Seoul 2022 Opening Ceremony

Find the latest governance proposals here.

DFINITY

Solana

Validator Health Report: August 2022
A Solana-themed store, called Solana Spaces, will open in New York City soon. Other than offering trendy merchandise, the new retail space is intended to onboard newcomers to Web3, NFTs, and even guide them on their first on-chain transactions.
The Solana Summer Camp Hackathon submission form is now live

Synthetix

0x API is now aggregating liquidity from Synthetix on Ethereum and Optimism.
Synthetix shares the SNX 2022 Release Milestones. Many key features have been released this year, such as Synthetix Futures, and Atomic Swaps, and many more are coming such as: Future of Atomic Swaps, Perps V2, Synthetix V3.
The sUSD Bridge has been enabled.
Synthetix & The Future of Synthetic Asset Creation.
Synthetix DAO and Jump Crypto announced a renewed partnership.
Synthetix atomic swaps have been integrated with another DEX aggregator Open Ocean.

Tezos

Tezos hit 10,000 new smart contract deployments in July 2022, breaking the record for the highest number of new smart contracts deployed to its blockchain in just one month.
Tezos In The Metaverse: Building The Future
Enter, Emergents: 3 Reasons To Get Excited About the Trading Card Game Offering
Month at a Glance — July
The latest Tezos Backing Sheet is out.

Aave

Latest Aave News: Hack at ETHMexico, $OP rewards, The Merge, Retroactive funding for v3 & more.
Follow the Aave governance forum.
“GHO is the Next Big Stablecoin” — Stani Kulechov on EthCC 2022

Bancor

Bancor Update — Week of August 1, 2022: The Bancor DAO approved several key proposals in governance this past week.
Bancor Update — Week of July 25, 2022: In the past week, two key initiatives emerged in the Bancor DAO:

-Enable deposits on-chain: a handful of DAOs have requested deposits to be re-enabled on Bancor V3 in order to build liquidity for their tokens using the protocol’s single-sided staking and external liquidity protection mechanisms.

-Liquidity optimizations: Bancor DAO is deciding how to direct liquidity in the network to optimize fees, starting with strategic pools like USDT.

Other updates discussed in this post include:

-Aggregator integrations: supporting more tokens in the bancor.network trading interface.

-vBNT burning: V3 Vortex burner increased to 90%; burning hits all-time-high in July.

-Protocol analytics dashboard pushed live as well as the new Bancor V3 Simulator.

Bancor Monthly Recap July 2022

Get involved in Bancor DAO at gov.bancor.network

Band Protocol

BitTorrent Chain, the first heterogeneous cross-chain interoperability protocol on the TRON network, partners with Band Protocol to leverage its secure decentralized oracles.
Band Protocol Integrates with OKC

Celo

Toucan Protocol is Live on Celo
#CeloVie! — A Recap of the Celo Connect Salon In Paris
The Celo Africa Web3 Fund seeks to attract African founders interested in building on Celo.

Dock

Dock Joins the Decentralized Identity Foundation: Dock is now an Associate Member of the Decentralized Identity Foundation (DIF).
The Complete History of the World Wide Web (From Web1 to Web3)
Decentralized Identity Using Blockchain: The Ultimate Guide 2022

Elrond

Filecoin

ESPA Bootcamp: Innovation in Storage: 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.
Filecoin News 48: Learn about the security improvements to the way the network proves user data is physically stored.
SnarkPack v2: A New Version of Filecoin’s Proof Aggregator: In the recent Filecoin Network v16 Skyr Upgrade, a new version of the SnarkPack proof aggregation library was released, this post details the updates.
How does the Network Indexer work?: The second blog post of the Network Indexer series, unpacking the inner workings of this important new tool.

The Graph

The Graph Foundation Allocates Nearly $1M in Wave 6 of Grants: The Graph ecosystem continues to build, as The Graph Foundation awards nearly $1 million in grants to support development and community growth.
As of Q2 2022, Graph’s hosted service supports over 24K subgraphs.

IRISnet Monthly Update: 2022.07 — Technology & Ecosystem & Community Recap
The IRIS team announced the Liquidity Contribution Event (1st of the serial events) for the newly activated IOV/IRIS pools on http://Coinswap.market

ICON

ICON Development Update — July 2022: In July, the ICON team continued making progress on ICON 2.0, BTP, and ICON Bridge.
ICON Technical Community Update — July 2022: Read about the technical community milestones and goals for August 1 through September 30.
Nexus Beta Now Available on Lisbon Testnet: Nexus is now live on ICON’s Lisbon testnet

Kava

Kava News: July 2022: Kava Invents an Entirely New Staking Derivative
Earning with Kava Lend
Kava 11 is set to officially launch on September 8:

Kyber

$50,000+ Rewards for LINK Liquidity Providers on Polygon
KyberSwap Elastic Vs Uniswap V3: A Comparison
KyberSwap Trading Contest Exclusively with $ATH token
Coinbase to support new KNC
Find out all Kyber proposals here. Check them out on GitHub.

mStable

mStable Governance Updates — 8 Aug 2022: mStable Governance Updates are out
Check out mStable’s latest proposals here.
[Temperature check] Emissions controller

Near Protocol

NEAR Releases JavaScript SDK, Bringing Web3 to 20 Million Developers
NEAR Web Wallet Security Update
July in Review: 700 Projects Milestone, NEARCON Tickets, and Women in Web3
Fireblocks, a leading provider of custody and settlement solutions for digital assets, integrates with NEAR Protocol to allow its institutional users to access the NEAR’s fast and low-cost sharded proof-of-stake blockchain safely and securely.
Pocket Network has added RPC support for NEAR Protocol. This further contributes to Pocket’s mission to support 100 blockchain networks by the end of the year.
Join the biggest NEAR event of the year at NEARCON in Lisbon, Portugal from September 11–14. Get Your NEARCON tickets now,
NEARCON 2022: A Global Experience for Builders and Creators

Oasis Network

Polygon

Polygon introduced ZkEVM, an EVM compatible Zero Knowledge (ZK) rollup, during EthCC in Paris. This would be the first Ethereum-equivalent scaling solution that works seamlessly with all existing smart contracts, developer tools and wallets. The zkEVM testnet is expected to launch sometime this summer, followed by its mainnet in early 2023.
British rock band, Muse, will release their next album as a limited-edition NFT on Serenade, an NFT platform built on Polygon. The album, called “Will of the People”, will be released on August 26.
Mercedes Benz Group’s Singapore hub, Daimler South East Asia, launched Acentrik, a blockchain-based data sharing network built on Polygon.
Polygon Avail Launches on Testnet to Turn Monolithic Chains Modular
Polygon is Now Home to Over 37,000 DApps
Polygon Bridge for Gnosis Safe Has Arrived
Neowiz and Polygon Launch Web3 Game Platform Intella X
How Decentral Games Built a Leading Metaverse Game With Alchemy and Polygon
Supercharge Your Web3 Project with Techstars Powered by Polygon
Data Availability is Not Data Storage
Coca Cola launched its first-of-a-kind, generative, sharable collectibles on Polygon

Regen Network

Regen Network partners with Shamba Network, a data Oracle that serves solutions on-chain and for use by ReFi, to design eco-credits for smallholder farmers on the Regen Registry that can be used to unlock new farm financing streams.
Prop #14 — Regen Ledger v4.0 Upgrade — passed with 97% approval.

Gnosis Chain Weekly · 05 August 2022
The new xDAI faucet is now live
Gnosis Chain will merge with the Gnosis Beacon Chain exactly like Ethereum will merge with the Ethereum Beacon Chain. Take a look at the weekly validator updates