Polkadot Ecosystem Weekly Digest. February 26– March 3/2024

Polkadot News
Polkadot News
Published in
7 min readMar 4, 2024

Polkadot

SORA

  • Polkaswap invites feedback on its Order Book experience. Share your thoughts via their survey. Survey Link
  • Ceres showcases $DOT farming & staking pools on the Demeter Farming Platform. Earn rewards in $DEO. Demeter Farming Platform
  • SORA shares ecosystem updates, including strategic rewards in $PSWAP for the XOR-DOT pool and the updated SORA Integrated Plan. Ecosystem Updates | Integrated Plan
  • An upcoming AMA session with Palmatrix on bridging DEX and CEX markets, SORA liquidity, and more is announced for March 6. AMA Details
  • Polkaswap provides updates on Kensetsu, focusing on test reviews, tokenomics, UI support, and future features including assets pegged to various currencies. Kensetsu Updates
  • Polkaswap highlights the advantages of DEX trading with its Order Book launch, promising anonymity, decentralization, and global access. Try Polkaswap

Astar

HydraDX

  • Introduced Yield DCA for diversifying DOT into small or medium-cap assets. Users can mint vDOT on Bifrost, cross-chain it to HydraDX, and set up a schedule to swap staking yield into other assets. More details on the process can be found here for cross-chaining and here for Yield DCA.
  • Announced trading availability of CRU (Crust Network’s native token) and UNQ (Unique Network’s native token) in HydraDX’s Omnipool. CRU supports decentralized storage and hosting for Polkadot and beyond, while UNQ is building next-gen NFT tech on Polkadot. This expansion increases the total tradable assets on HydraDX to over 20, with TVL surpassing $30,000,000 for the first time.
  • Initiated discussions for Polkadot Hydration, a campaign to enhance native liquidity within the Polkadot ecosystem. The campaign consists of two proposals: Treasury LP proposing 500,000 DOT for liquidity in the HydraDX Omnipool, and Liquidity Incentives suggesting a liquidity mining program funded by 500,000 DOT and HDX from the HydraDX Treasury.
  • Astar Degens partnership highlighted, where Astar Degens utilize HydraDX’s vDOT yield DCA strategy to earn ASTR rewards. Astar Degen NFTs available for purchase on Bluez NFT or Tofu NFT, enabling holders to participate in the DeFi game and earn rewards.

Bifrost

  • Bifrost Enables EVM for Manta Airdrops & Hyperbridge: A breakthrough development enhancing user interaction and rewards. More details are awaited.
  • Bifrost Receives 500K DOT from Polkadot Treasury: A successful conclusion to their governance journey, promising careful utilization of these loaned DOTs. New Mint of 300K vDOT Announced: Latest statistics showcased on Bifrost Stats.
  • Bifrost and Manta Network Collaboration: Users can now bind their EVM address on the Bifrost app for potential airdrops for staked MANTA. The feature mirrors that on the Manta staking dashboard. Detailed guide here.
  • Beamswapio Pools Migration: Users encouraged to migrate their vGLMR, vDOT, and BNC pools for optimal yields. APRs for vDOT/DOT, BNC/DOT, and vGLMR/GLMR pools highlighted.
  • Support for Polkadex Crowdloan via SALP: Bifrost backs Polkadex’s crowdloan, offering additional rewards for contributors through its SALP mechanism. Contribution link: Bifrost vCrowdloan.
  • Official Handle Update on X to @Bifrost: A minor but significant update for clearer communication regarding Liquid Staking and other developments related to Bifrost.

Phala

  • Phala Network’s CEO Marvin Tong discussed the role of AI agents in Web3 and the AI Agent Contract Framework. Watch the presentation on YouTube: Watch now.
  • Phala Network aims to empower web3 developers by providing Trusted Execution Environments (TEEs) architectural guidance for building with PhatContracts. Discover how on their website: Discover how.
  • Phala Network participated in @EthereumDenver, with discussions on TEEs alongside @SecretNetwork and @OasisProtocol. The goal is to enable developers to utilize the power of TEEs for privacy use-cases without dealing with the complex architecture.
  • @hackachain’s @jasso_hack shared the roadmap for their new project, http://bazk.tech, focusing on merging zero-knowledge with TEEs for privacy-preserving applications. Phala Network is collaborating on this mission: Check out the whole video.

Moonbeam

  • Stars Arena, developed by ANIMO Industries, is set to launch on Moonbeam. This online multiplayer battle arena game will feature cross-chain assets and is expected to debut on Steam and Epic Games before moving to consoles. More details.
  • Micro3 announced its integration with Moonbeam Network, enhancing the development and accessibility of Micro3. Moonbeam’s smart contract platform enables dApps to access users, assets, and services across different chains. Experience now | Read More.
  • OpenZeppelin Defender 2.0 now supports Moonbeam, Moonriver, and Moonbase Alpha, providing a secure development environment within the Moonbeam ecosystem. The platform includes features such as Code Inspector and cross-chain deterministic contract deployments.
  • Moonbeam Network is advancing the accessibility of Real-World Assets (RWAs) and Tokenization. Utilizing its Substrate framework compatible with the Ethereum Virtual Machine (EVM), developers can craft custom applications to meet specific needs. Read more.

Interlay

  • Following Referendum #94’s approval, native USDC has been introduced on Interlay. USDC is now available in the DeFi Hub lending & borrowing market. A new USDC/INTR pool has been created, enabling users to pay transaction fees on Interlay with USDC. USDC has been added as a collateral asset for vaults that operate the iBTC bridge.
  • Additionally, qUSDC (tokenized lending position of USDC) is now accepted as collateral for vaults operating the iBTC bridge.

Bit.country (MNet)

  • TGE and Official Launch: Bit.Country marks a significant milestone with the TGE and official launch of Continuum, celebrating by gifting 3% of the Founding Team Allocation to Odyssey Event champions. Read more
  • Airdrop for Pioneers: An airdrop has commenced to honor the early supporters of Continuum. Eligible participants are encouraged to claim their NUUM tokens as part of the celebration. Check eligibility
  • Introduction of New Staking Model: A new staking model is being introduced, allowing stakeholders to vote on projects and ideas, influencing future technological advancements.
  • Driving Innovation with a Strong Community: With over 2500 tech enthusiasts, Bit.Country is set to turn community ideas into reality through hackathons, grants, and collaborations. Learn about the future plans
  • Final Moments of Spin Wheel Campaign: The Spin Wheel Campaign for Odyssey Participants is concluding, having awarded 160,551 NEER from 75,747 spins.
  • BitAvatar and Vega Collaboration: BitAvatar and Vega, the AiPixel Metaverse butler, announce an airdrop for various NFT holders and contributors, inviting participation in shaping the future of the AiPixel Metaverse with $NUUM. Join Vega’s Quest

Centrifuge

  • Protocol Revenue Announcement: Centrifuge projects a Total Value Locked (TVL) of $1B by the end of 2024, adding $4M to the Centrifuge Treasury, governed by CFG holders.
  • Partnership with Finoa: Centrifuge partners with Finoa for institutional custody of investments in real-world assets, marking a first-of-its-kind collaboration.
  • Expansion of Real-World Asset Summit: The Real-World Asset Summit announces its global expansion for 2024, continuing to lead the charge for RWAs in decentralized finance. See the full set of dates for 2024
  • In-depth Stablecoin Design Report: The report, titled “The Future of the Stablecoin Design,” features insights from experts like Nic Carter, Stephen Leahy (Circle), and Mark Phillips (SteakhouseFi), exploring the evolution of stablecoin design. Read the full report and watch interviews

Manta Network

  • Gamma Strategies, spotlighted in the Manta Pacific Ecosystem, revolutionizes DeFi with its automated liquidity management services, demonstrating significant user engagement and TVL on Manta. Gamma Strategies
  • Manta Network shares insights from the zkApp Accelerator with Nick White, discussing the benefits of data availability layers and modular consensus for project development. zkApp Accelerator Video
  • Manta distributes 50,000 $MANTA rewards to participants of the New Year Campaign in collaboration with Trust Wallet, celebrating the engagement of over 6,000 participants. Trust Wallet Collaboration
  • Dechat is introduced to the Manta Pacific ecosystem, offering a secure web3 communications protocol for decentralized user interactions, enhancing the SocialFi landscape on Manta. Dechat Announcement
  • MantaDEX launches its MANDEX farm, inviting users to stake liquidity tokens for rewards, marking a significant milestone in the expansion of the Manta Pacific ecosystem.
  • CoinGecko highlights Manta Pacific as the third-largest Layer 2 ecosystem, underscoring Manta Network’s role in building a multi-modular system for ZK applications. CoinGecko on Manta Pacific

SubQuery

  • SubQuery’s mainnet goes live on Base, with SQT token available on Bybit Official. Bybit Article
  • In one week, over 20 million SQT tokens were delegated by almost 250 delegators, with rewards starting to be distributed.
  • Reminder for users to claim their airdropped tokens by March 8 to avoid forfeiture. Claim Tokens
  • The first reward period on the SubQuery mainnet is about to start, with a guide available for delegating to a node operator. Delegation Guide
  • SubQuery discusses the top AI use cases in web3, emphasizing the role of quality data in enhancing dApps. Start Building
  • Oraichain highlights its partnership with SubQuery, supporting developers with cutting-edge indexing tools. Oraichain Support
  • SubQuery supports AI-native L1 Oraichain, facilitating effortless development with its data indexing tool. Read More
  • SubQuery introduces a Bridge Gas Rebate Program, offering a 100% rebate on gas fees for certain token bridges. Bridge Gas Rebate Program
  • Developers are invited to fix issues in the Developer Guild to earn SQT rewards, with a current challenge offering $900 in SQT. Developer Challenge
  • SubQuery announces its partnership with SteakHut, the liquidity layer of Avalanche, enhancing its analytics and user experience. Partnership Announcement
  • Instructions for redeeming SQT NFT tokens are provided, with a detailed guide available. Redeeming Guide

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Polkadot News
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