State of Stake vol. 73

Paradigm’s biweekly update on the Proof-of-Stake ecosystem, 11th August — 23rd August

TL;DR

• Mainnet Merge TTD: 58750000000000000000000 confirmed
• Polkadot (DOT) staking is now available at Binance US. Kilt protocol won the 24th parachain auction. Kylin has been in the lead the entire Ending Period so far
• A second validator client for the Solana blockchain is in the works
• Australia Zoo launching 2nd Sustainable NFT drop on Algorand, the world’s greenest blockchain in time for Trauma Season
• Avalanche House was off the hook
• As the BNB Beacon Chain Godel Upgrade is executed, the DEX module will be disabled. This will give BNB Beacon Chain more computing power for future computing and governance focuses
• The trustless IBC bridge between Cosmos and Harmony protocol is now live on testnet
• A review of the design principles and features behind the ICRC-1 token standard proposed for the Internet Computer
• Aave Companies proposes that the Aave DAO should commit to selecting the Ethereum Mainnet running under the Proof of Stake consensus
• 1inch is now fully integrated with Synthetix Atomic Swaps
• Band Protocol has integrated with Meter, an Ethereum scaling solution with a built-in metastable gas currency
• Immutable has partnered with Cross The Ages (CTA) to launch the initial trading card game (TCG) in development for nearly two years
• Dock has released a new feature on the mobile Dock Wallet app enabling users to create and manage decentralized identifiers that empower them to fully own and control their data
• Subgraph devs can now filter by subfields, enabling data retrieval like never before
• KyberSwap integrates Chainlink Price Feeds to facilitate its DeFi and DAO operations
• 1inch integrated with Aurora
• Oasis Q3 & Q4 2022 roadmap released
• Injective has raised $40M to accelerate the adoption and growth of Web3 finance
• Skynet EGLD Capital raises $40M+ USD to invest in the Elrond ecosystem
• NEAR Protocol recently released a JavaScript Software Development Kit (JS SDK) at ETHToronto
• Polygon’s Plonky2 is now open-source
• Cardano Summit 2022 is confirmed on November 19–21. Main stage — Lausanne, Switzerland
• The Secret Network’s Shockwave Delta mainnet upgrade is scheduled for September 13th
• Gnosis Chain — Gnosis Beacon Chain merge is set for September
• Kava Liquid Staking set to launch Sept 8th with Kava 11
• Celo Camp Batch 6 applications are open
• And much more!

Top 10 Crypto Assets by Staked Value

Source: Staking Rewards

Proof-of-Stake Networks’ Updates

Ethereum

• Ethereum’s third and final testnet merge to Proof of Stake went live on Goerli successfully. The mainnet merge is expected to happen sometime in September.
• The latest core devs call video. Notes from Tim Beiko and Christine Kim

PoW switch off (the Merge)

• Mainnet Merge TTD: 58750000000000000000000 confirmed
• TTD estimator predicts merge around September 15
• Merge mainnet readiness checklist is complete
• mainnet-shadow-fork-11 merged successfully, nicest shadow fork so far
• Flashbots MEV-boost relay open sourced, AGPL license, alpha, OFAC compliant
• MEV redistribution [PDF] improves PoS economic security
• Proposal to remove trusted relays in MEV-boost using threshold encryption

Proof of Stake consensus layer

• Consensus layer specs v1.2.0-rc.3: Bellatrix epoch and the Merge TTD
• Client diversity improved: Prysm 35% and Lighthouse 33%
• Dappnode multiclient support: single click to change consensus layer client
• Script to download beacon chain blocks on a fork
• The US Treasury Department has blacklisted Etherum-based crypto mixer, Tornado Cash. The department banned all US citizens from using the privacy service as a matter of national security because North Korean hackers allegedly use the mixer to launder stolen crypto funds.
• Gucci will accept Bored Ape Yacht Club’s Ethereum-based token, ApeCoin (APE), in select US stores.
• Tiffany & Co. launched its first Ethereum-based NFT collection, inspired by CryptoPunks.
• Latest ‘Week in Ethereum’:

Check out our recently-published ‘Defi in Ether’ — biweekly update on Ethereum DeFi ecosystem vol.58 full of news from the ecosystem: $38 in DeFi, Tornado Cash sanctioned by US Treasury, Gnosis Chain Chiado testnet is set to merge today & GnosisScan is here, Ren 2.0 introduced, Enzyme has revamped its Tokenomics model, 1inch partners with KuCoin Wallet, dYdX free gas vulnerability disclosed, and more!

Polkadot

• Proposal for Common Good Parachains
• Polkadot (DOT) staking is now available at Binance US
• Congratulations to Integritee Network on winning Polkadot’s 23rd parachain auction.
• Kilt protocol won the 24th parachain auction
• Kylin has been in the lead the entire Ending Period so far.
• MEW teamed up with Web3 Foundation and Parity to build Enkrypt — a web3 browser extension supporting Polkadot and Substrate-based chains. Manage your tokens and NFTs. Access web3 apps across multiple blockchains.
• Basilisk has won Kusama parachain slot auction
• Altair won a parachain auction slot on Kusama once again
• Web3 Talks: Unlocking True Cross-Chain Interoperability | Aug 25th
• Polkadot Community Call — August 2022
• The aUSD stablecoin from Acala Network, a DeFi Hub on Polkadot, lost its peg after hackers discovered an exploit that allowed them to mint 1.3 billion tokens. A proposal from the Acala team, to return all erroneously minted aUSD to the protocol and the tokens later being burnt, recently passed and the stablecoin is close to returning its peg.
• Interlay, a London-based blockchain firm, launched a Bitcoin-based cross-chain bridge on Polkadot. The bridge, which is called interBTC (iBTC), allows the use of Bitcoin on non-native blockchains for various applications, like DeFi, cross-chain transfers and NFTs.
• Although Polkadot Decoded 2022 has wrapped, you can still catch up on all the talks you might have missed on YouTube

Feel free to read our latest biweekly report on the Polkadot ecosystem vol.43: Integritee Network the 23rd parachain slot on Polkadot, Basilisk will be onboarded as Kusama’s parachain, MEW teamed up with Web3 Foundation and Parity to build Enkrypt, Moonbeam’s cross-chain connected contracts, Astar x Acala DeFi Rising to accelerate DeFi on Polkadot, iBTC minting is now live, Astar partners with Alchemy, cBridge integrates with Klaytn, and more!

Avalanche

• WPF Launches Tokenized Film Finance Offerings (FFO) Hosted by Republic
• Hubble Exchange Launches Native Perpetual Futures on Avalanche: The integration expands what perpetuals futures traders can do on an Avalanche-native protocol, aiming to unlock capital efficiency and collateral flexibility.
• How Avalanche subnets help businesses build on the blockchain
• Developer Documentation and Tutorials for Avalanche
• Avalanche House was off the hook
• Last week in AVAX:

Algorand

• Australia Zoo launching 2nd Sustainable NFT drop on Algorand, the world’s greenest blockchain in time for Trauma Season
• Algorand: Pioneering Falcon Post-Quantum Technology on Blockchain
• Fireblocks enables access to DeFi on Algorand
• Alternative investment platform Ctrl Alt receives Algorand Foundation grant award
• Victoria’s Promise Charity Chooses Algorand to Power Unique NFT Collection for Cancer Initiative
• Algorand’s biggest event of the year is back for 2022! Decipher is coming to Dubai, November 28–30.

Binance (BNB Chain)

• BNB Beacon Chain Mainnet Godel Upgrade Announcement: As the Godel Upgrade is executed, the DEX module will be disabled. This will give BNB Beacon Chain more computing power for future computing and governance focuses.
• BNB Chain Weekly Ecosystem Report (12 to 18 Aug)
• 8 BNB Chain Project Stars in August
• Web3 Stars Accelerator in Vietnam Receives Significant Backing
• BNB Chain Partners Platzi, the Largest Online Learning Community in Latin America: BNB Chain’s partnership with Platzi registers a landmark effort to educate users in Latin America on Web3, and open up avenues for various skillsets. Alongside this, BNB Chain will also power Platzi Conf 2022, an opportunity to learn from and connect with industry leaders.
• Find the latest BSC news here.

Cardano

• The Importance of Open Source: the Cardano Foundation looks to the future of blockchain: Fundamental principles of blockchain and open source and their crucial role in anchoring blockchain as a financial and social system.
• State of the Cardano Developer Ecosystem: a Survey to Equip the Community: The survey will help us understand the developer ecosystem’s current state so we can better comprehend builders’ needs and wants, and thus make improvements.
• Cardano Summit 2022 is confirmed on November 19–21. Main stage — Lausanne, Switzerland

Cosmos Network

• This year’s winners of the Cosmos HackATOM Seoul competition have been announced. The 1st place Interchain Prize went to crypto infrastructure company, a41, for its liquid staking project. See the rest of the winners on the tweet thread below.
• IBC Use Cases in the Enterprise Space are Coming
• The first cohort of the Interchain Developer Academy has graduated
• The trustless IBC bridge between Cosmos and Harmony protocol is now live on testnet
• The v0.1 pre-release of Interchain Security was announced.
• Find the latest governance proposals here.

DFINITY

• InfinitySwap: Proudly Supporting the ICRC-1 Token Standard on the Internet Computer
• The Design and Evolution of the ICRC-1 Fungible Token Standard
• Upgrade Smart Contracts on the Internet Computer With JavaScript
• Internet Computer Updates: Motoko Mechs Airdrop, ICRC-1 Token Standard, and Community Fund Design
• Azle: A TypeScript CDK for JavaScript Developers on the Internet Computer

Solana

• The recent Solana wallet hack, which caused users to collectively lose about $4.5 million in SOL and other tokens, is believed to be caused by a private key exploit tied to the Slope Web3 wallet app.
• Monthly Community Update | August 2022
• Validator Health Report: August 2022
• Coinbase Wallet launches support for the Solana dapp ecosystem
• A second validator client for the Solana blockchain is in the works

Synthetix

• The Tiaki Release — Improved Atomic Swaps: the following SIP was implemented: SIP-258: Trade Directionality In Pricing of Atomic Swaps: Improves pricing of Atomic Swaps by integrating directionality into trading.
• Synthetix Integrates Socket for Easy Bridging: Synthetix works with Socket Tech / Bungee to allow users to quickly bridge assets to and from Optimistic Ethereum. Not only does this allow users to utilize the sUSD bridge to/from Optimism, but it also allows Synthetix to onboard users more efficiently across all of DeFi.
• 1inch is now fully integrated with Synthetix Atomic Swaps.
• Synthetix Hits ETH NY.

Tezos

• A Closer Look into Deku: A dive into a Layer 2 solution for Tezos developed by Marigold.
• Navigating Through the Noise: A closer look into on-chain activity on the Tezos network.
• Tezos Community Rewards — July 2022 Winners
• ELEET Games, a “gameplay first” players’ game publisher, announced it will build gaming NFTs and launch a token on Tezos. The company’s goal is to overcome the current gap between crypto and core gaming by putting the actual gameplay first.
• The latest Tezos Backing Sheet is out.

Aave

• Latest Aave News: DeFIRE Spotlight, OFAC Decision, DeFi Diaries, NFT-backed Loans & More.
• Aave Companies proposes that the Aave DAO should commit to selecting the Ethereum Mainnet running under the Proof of Stake consensus over any Ethereum fork running an alternative consensus.
• After the OFAC’s decision on Tornado Cash, Aave Companies integrated an API on the Aave IPFS frontend to comply with the sanctions and mitigate risk. The protocol remains open and committed to fighting for open & fair finance.
• Messari shared a deep dive into the state of Aave in Q2 2022. Explore key financial metrics, KPIs, new products and more.
• Follow the Aave governance forum.
• The Aave V3 retroactive funding ARC is live.
• The Aave team’s top priority is building a safe & secure system for users. The team integrated TRM’s API on the Aave IPFS frontend, which is why some users may be experiencing trouble accessing the Aave app, one of the frontends to the Aave Protocol. Read for more info.

Bancor

• Bancor Update — Week of August 15th, 2022
• Understanding and Navigating Bancor Protocol Analytics Dashboard
• BBS Network ($BBS) now provides External Liquidity Protection on Bancor
• Trading of Crown ($CROWN) is now live with External Liquidity Protection
• Get involved in Bancor DAO at gov.bancor.network

Band Protocol

• Band Protocol has integrated with Meter, a highly decentralized Ethereum scaling solution with a built-in metastable gas currency. The move will bring further integrations with various dApp developers who are working under the Meter ecosystem.
• Band Continues To Support Alpha Venture DAO on Homora V2’s Launch on Optimism
• Band Protocol Integrates with OKC

Celo

• Celo Camp Batch Six Is Coming — Apply Now
• DeFi’s Role In Creating a Regenerative Economy
• StakedCelo Strengthens Participation and Engagement in the Celo Ecosystem
• The Celo Foundation’s New Africa Web3 Fund Helps African Startups Scale

Dock

• New Mobile Dock Wallet Release: Users Can Create and Manage Decentralized Identifiers (DIDs)
• Self-Sovereign Identity: The Ultimate Guide 2022

Elrond

• Fully Regulated Fund, Skynet EGLD Capital, Raises $40M+ USD To Invest In The Elrond Ecosystem
• Builders At Work: Driving Internet-Scale Innovation Via Elrond Giants’ Open Source Toolkit
• Onboarding From Fiat To EGLD In Minutes With Guardarian Integration
• Builders At Work: Driving Internet-Scale Innovation Via Elrond Giants’ Open Source Toolkit

• Last week in EGLD:

Filecoin

• Filecoin News 49: The Filecoin community is looking to expand the capabilities of the recently launched FVM by adding EVM compatibility
• Large Datasets: FileDrive: Individuals and enterprise clients alike are looking for a cost-effective way to store a growing amount of data safely, persistently, and with easy retrievability. The Filecoin Orbit Community’s Growth Around the Globe: Builders from Africa, Germany, and Canada explore the possibilities of decentralized storage.

The Graph

• Messari Expands Subgraph Utility as a Core Subgraph Developer: Messari is leading subgraph standardization to boost data quality and create hundreds of subgraphs as public goods.
• A highly-requested query feature is now live: Nested Queries. Subgraph devs can now filter by subfields, enabling data retrieval like never before.

Injective

• Injective Raises $40,000,000 to Advance Web3 Finance: Injective has raised $40M to accelerate the adoption and growth of Web3 finance
• Decentralized USDC Spot Market Listing on Injective Pro: The USDC Spot market is now live on Injective Pro

Immutable X

• Immutable X Powers NFT-Based Collectable Cards for Cross The Ages Gaming Metaverse: Immutable has partnered with Cross The Ages (CTA) to launch the initial trading card game (TCG) in development for nearly two years.
• A new Immutable X dashboard to show trade volume and the rewards pool in real-time was introduced.
• Ground Up Guide: zkEVM, EVM Compatibility & Rollups
• Immutable X Enables Gasless, Carbon-Neutral NFTs and Transactions for ‘Deviants’ Factions’ Trading Card Game
• Early access: Immutable X on the GameStop wallet

Kava

• Kava Foundation
• Kava governance proposal #95: to pay out Kava Pioneer Group 1 Payouts, passed.
• Kava Liquid Staking is set to launch Sept 8th with Kava 11.

Kyber

• KyberSwap Integrates Chainlink Price Feeds To Facilitate its DeFi and DAO operations
• Important Community Update about KyberSwap Elastic Farms
• KyberSwap x Polygon Chain Trading Contest has begun.
• $50,000+ Rewards for LINK Liquidity Providers on Polygon
• KyberSwap Elastic Vs Uniswap V3: A Comparison
• Tornado Cash & Decentralization — CEO’s Reflections
• Find out all Kyber proposals here. Check them out on GitHub.

mStable

• mStable Governance Updates are out.
• mStable x Boardroom integation: Boardroom has launched governance support for mStable.
• Check out mStable’s latest proposals here.

Near Protocol

• NEAR Protocol recently released a JavaScript Software Development Kit (JS SDK) at ETHToronto. The more than 20 million developers that use Java Script can now build fast, scalable, and user-friendly decentralized applications on NEAR.
• Update on the NEAR Wallet Transition
• NEAR & Gaming: The Future of Gaming on Web3
• Stake Wars III is Halfway to the Finish Line: What Does This Mean for NEAR’s Sharding?
• NEAR Foundation’s Response to Tornado Cash, Ownership and Regulation
• Join the biggest NEAR event of the year at NEARCON in Lisbon, Portugal from September 11–14. Get Your NEARCON tickets now,

Oasis Network

• Oasis Q3 & Q4 2022 Roadmap Released With Sapphire the Jewel in the Crown
• First-of-its-kind Privacy-preserving NFTs on Oasis Network Used as Certificate for Renowned DEFI MOOC Course

Persistence

• pStake Finance governance proposal: Incentivization of stkBNB Use-cases to drive initial adoption, recently passed.
• “The State of ATOM Staking” report by pSTAKE Finance
• The Stakin(g) Podcast Sits Down With Persistence
• Persistence Statistics & Key Updates: August 16, 2022

Polygon

• Plonky2 is now open-source: Plonky2 is one of the major recent breakthroughs in zero-knowledge cryptography. As of today, it is open-source and free for developers to use.
• Recently, 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.
• Polygon Leads $25 Million Fund For Web3 Venture Studio SuperLayer
• Polygon zkEVM Within Vitalik’s Framework: Gaining Clarity and Looking Ahead
• 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
• Validator Performance Management Updates

Secret Network

• Secret Deep Dive: Unlocking Web3 Streaming with Secret NFTs
• Beyond ZK: The Definitive Guide to Web3 Privacy (Part 1)
• The Secret’s Shockwave Delta mainnet upgrade is scheduled for September 13th

Gnosis Chain (formerly xDai Chain)

Gnosis Chain Weekly · 19 August 2022

• On Tuesday, August 16th, 2022 at precisely 03:47:21 PM UTC the Chiado testnet successfully merged. The impressive feat signaled confidence that the upcoming Gnosis Chain/Gnosis Beacon Chain merge should run as planned. Chiado will continue to be maintained as an important testnet for development on Gnosis Chain after the merge.
• Karpatkey published a proposal on the MakerDAO Forum to have GNO as collateral
• ETHMexico x Gnosis Chain
• And more

Yearn Finance

• Subgraphs explained: Yearning for data: Data, based. Subgraphs let devs and users query blockchain data. Read on for more.
• Self-Hosting Web3 Services: Censored front end in the streets, decentralized back end in the sheets. A timely reminder on the importance of web3 self hosting.
• How Justin Trudeau helped create the latest Yearn Campaign

0x project

• Announcing support for new testnets: Goerli for Ethereum and Mumbai for Polygon: 0x announced full support for two new testnets: Goerli, the proof of authority Ethereum testnest, and Mumbai, the testnet for Polygon. They will support Ropsten testnet until October 25, 2022, as it has already been deprecated by the Ethereum Foundation. Developers should plan to migrate to Goerli by then.
• 0xpo is now an official event of San Francisco Blockchain Week: Join the team on November 3 in SF for an exciting day of speakers, workshops, and networking with Web3 leaders and pioneers.
• Let’s Talk MEV RoundTable.

1inch

• The 1inch Network expands to Klaytn
• 1inch integrates with Wirex: Under this partnership, the 1inch Aggregation API will be added to Wirex’s non-custodial wallet to power token swaps.
• 1inch is now fully integrated with Synthetix Atomic Swaps.
• 1inch DEX aggregator is already available in iMe app.
• 1inch partners with KuCoin Wallet
• The extended gas refund program is now available to yet more users
• The 1inch Foundation releases $308,000 to grantees: A new batch of 1inch grants will fund a range of solutions aimed at growing out the 1inch ecosystem and improving user experience.
• 1inch integrated with Aurora

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

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