Last Saturday, September 26th, the "PolkaVerse Polkadot Growth + Late Night Champagne Canteen" event hosted by Candaq and co-organized by Babbitt, Liandu, and PolkaBase came to a successful conclusion in Shanghai.
At the opening of the event, Moke Lin, the founder and CEO of Candaq, the organizer, shared the acceleration logic of the Polkadot ecological project: he proposed track selection, scheme feasibility, reference standards, reasonable valuation, community genes, and operation genes Wait for the six major standards. And share Polkadot ecological incubation acceleration cases such as MXC, Phala, Litentry, OpenSquare, Bandot, Bool.Network, etc.
It is reported that Candaq and top exchanges have assisted PolkaBase in building the largest Polkadot ecological project incubator and aggregation filter. At present, a new incubation office has been established in Hangzhou East Railway Station, and a 1.5-level Polkadot ecological special investment fund of 20 million US dollars has been established to focus on the layout of a broader Polkadot ecology.
At the Shanghai station project sharing meeting, Polkadot's new ecological project gave a lightning speech; with the idea of breaking Polkadot's circle, we specially invited the hottest and hottest Polkadot ecological projects, investors, and cross-chain storage projects to participate in the Polkadot economy Discussion on models, community governance, and cross-chain. The following is the specific content of this event.
Snapshots
lightning speech
Litentry: Building a user-centric blockchain world
Hao Ding, Litentry COO
(video:https://bit.ly/36eDcGn）
Litentry is a network for managing distributed identities and identity-related data, and also includes a set of tools for implementing self-sovereign identity SSI on the blockchain.
At the event site, Ding Hao told us that Litentry will realize the decentralized identity DID in compliance with W3C standards based on the protection of user privacy, and empower identity data in four aspects: decentralized identity storage, identity authorization, identity association, and identity collect message.
He shared two foundations that make up Litentry's economic model: identity matching and identity staking. Identity Pledge: Users can mortgage their identity data to the network and encrypt it, so as to continuously obtain rewards. Identity matching: Realize the matching service of different IDs in a trusted execution environment through a decentralized network, and ensure that no user's private data is leaked.
Opensquare: Polkadot ecological collaboration and credit building platform
Li Yongfeng, Founder of OpenSquare
(video:https://bit.ly/3i6Jkmt）
OpenSquare will become Polkadot's first collaboration and credit building platform, creating a credible decentralized collaboration network. Each node is a collaboration point. Users who participate in the platform and other users can get rich rewards.
Li Yongfeng introduced to us: the operating mechanism of the OpenSquare platform, including platform roles, collaboration methods, and how to build credit. The project has obtained the Web3 Grant in August 2020. He hopes that through the OpenSquare platform, a new way of collaboration and co-construction in the Web3 era can be created.
Bandot: Polkadot Ecological Stablecoin Unsecured Lending System
Chen Feng, Bandot core developer
(video:https://bit.ly/36jaYdX）
Bandot is Polkadot's first stablecoin unsecured lending system. ERC-20 holders can use their liquid digital assets for collateral to achieve cross-chain token circulation.
Users can store certain mortgage tokens on the Bandot network and provide liquidity to reduce the free loss of their own trading behavior. Users can become guarantors of the lending system to achieve higher capital utilization of network funds, and use mortgages to replace Stablecoins eventually become the guarantors of the network, and in the lending system and by providing liquidity, become the guarantors of loans with higher credit ratings.
Bandot will provide liquidity providers with three value dimensions: cross-chain liquidity, interest concentration, and earning greater income. Borrowers can then cross-chain mortgage pools, interest decreases with mortgage value, and built-in lending system. Traders using the Bandot network can perform network functions such as guarantees and transactions, and decentralized cross-chain transactions.
BOOl.Network
Chris, Community Manager, BOOl.Network
(video:https://bit.ly/335iFCm）
BOOl.Network is a heterogeneous multi-chain cross-chain network using multi-party secure computing technology.
According to Chris, one of the major advantages of Bool Network is scalability. Through TSS multi-party computing, the Filecoin ecology has been opened up, and more cross-chain appeals of alliance chains will be considered, which will be introduced into Polkadot computing. A cross-chain DEX can be formed to form a middle platform for cross-chain DeFi.
The characteristics of TSS can be compatible with various algorithms and ledger results, and the cross-chain atomic swap is implemented in the most reasonable way at this stage. Our positioning is to become Substrate's middle-end network, convenient development, agile development, and quick trial and error. BOOL can be used as a cross-chain gateway of Web3 to realize the free flow of value, and BOOL can also be used as a middle platform for cross-chain transactions and other cross-chain DeFi applications.
round table discussion
Topic 1: Discussion on the Token Economic Model - Incentive Scheme to Maintain Network Consensus
Moderator: Moke (Candaq founder)
Guests: Li Rongbin, Li Kunyun, Chen Feng, Ray
(video:https://bit.ly/3czlgrm）
Moke
Li Rongbin
Li Rongbin
The EOS incident made me, as an investor, feel for the first time that the so-called economic model and governance are so important to the success or failure of a project. Generally speaking, the consensus scheme is becoming more and more centralized, and then from POW to POS to DPOS must still be more and more centralized. But from the distribution of tokens, I think I have seen a lot of interesting projects this year, purely from an economic point of view, not from a conscientious level.
Why did the two projects of Yfi and Yfii rise so well? It is because he has adopted a very extreme, I think the token distribution model and economic model, right? Don't keep the team at all and pay it off within 7 days, right? This is a kind of design that we will never see in our previous history, so I think that in this field, the economic model at the level of conscience setting level is progressing very slowly, because it involves some underlying technological innovations and The bottom layer is some innovations at the very bottom of the technology, so everyone says that the supply chain economic model looks simple, but the industrial economic model is the most difficult to design, but on the contrary, at the APP level or application level, especially at the level of defi, I I feel that there are more and more innovations, more and more interesting, and the possibility of fairness is also increasing, so I think this is a completely different way of development, so if you are interested, you can pay more attention to the recent Some very interesting projects for a period of time, and then their economic model distribution method and incentive model, I think this may become more and more decentralized.
The judgment of economic model design is similar to a system trying to motivate stakeholders in the system. Economic stakeholders with different identities coexist in this system. The underlying technology and consensus will also bring new network technologies on the second layer, and A design system for primary and secondary additional issuance. From the perspective of token distribution, the economic model at the consensus level, and at the dApp level, there are also many decentralized distribution models for token distribution.
Li Kunyun
Because I think one of the core principles that promote the integrated development of the digital currency industry is that digital assets do not need to be centralized, and then company algorithms such as proof of work and proof of equity allow users to maintain the integrity of network data by themselves to achieve this Democratic Mechanism Then I think that the two models of decentralized governance qualifications are due to the problems encountered in decentralized transactions, discussing the main participants and stakeholders' opinions on workload proof and equity proof, and some encryption in the market today. The impact of digital currencies.
Ray
I think human development is a centralized process. You will find that the power of an Internet company may be greater than that of a country today, so I think the process must be centralized, because in fact, centralization is very efficient to some extent.
Decentralized blockchain technology is a good supplement to the current increasingly centralized Internet reality. The popularization of decentralized technology requires the power of centralization, so centralized technology balances centralization well.
In fact, through the design of the Polkadot web3 Foundation, I actually saw a very interesting phenomenon, which is to cater to the logic I just mentioned. In fact, you will find that whether it is a party or a web3 Foundation, they actually played a role in this process. Such a very large role and influence, in fact, the authority of the technology is not open, so I think this is a good point because it is well balanced, a centralized organization to promote this matter develop. At the same time, he committed himself to a decentralized blockchain network, so that all these voters can supervise him, so I think the balance is very good.
Chen Feng
In fact, this process has a completely open center, to a centralized center, and then to a semi-centralized, this is how I understand it. If the entire ecosystem must have a centralized system, the cooperation between the two will be better, and the community development may be better.
Just like the governance model adopted when Polkadot was designed, first of all, I think it is very good that the council has nodes to vote. This model will not lead to the centralization of EOS. Then it will have various nominations, and use a mode of upper-level center and lower-level decentralized mode to match and operate.
Blockchain technology is currently suitable for the combination of centralization and decentralization, which will be better. The blockchain protocol can achieve rapid advancement when it is biased towards a centralized model, and the continuous operation of the main online network protocol is carried out in a decentralized manner.
Topic 2: Discussion on Community Governance - On-Chain Governance and DAO
Moderator: Charlie (Candaq Partner)
Guests: Kristen, Eric, Bree, Lurpis, Guo Tao, Li Yongfeng
(video:https://bit.ly/3mUS9Dv）
Charlie
At present, your respective projects, including what other problems do you see in the governance of the Polkadot platform? How do you think it can be improved?
Kristen
I have three thoughts on the regional governance of the ChainX community. First, motivate your community members and participate in your community operations; second, decentralization. If a governance is completely controlled by a certain party, its governance must be centralized. The team will decentralize its position and power. The community believes that Users have a consensus of trust; the third is diversification. If a certain form is used too much, it will lead to a concentration of power, so you must continue to evolve during the entire evolution process.
Eric
From the perspective of our wheat wallet, DAO is actually used for two things. One is how to spend the money of this project, and the second is how the project will go in the future. In the form of a decentralized network, in the future of the project, each project has a future computing system. Polkadot is the only blockchain protocol modification content that is put on the chain in advance for on-chain voting, and allows users to better obtain the most important consensus of the project.
Bree
Decentralized governance organization – DAO, was first proposed by the bitshare team. The earliest concept of DAO is a decentralized autonomous company, which provides a possibility of open collaboration and promotes the development of the entire project. And by the shareholders of the company. The long-term development of the Darwin project is based on the time and quantity of holding coins, and the native token Ring and the time commitment token Kton. Only users who have pledged to obtain the commitment tokens can obtain the governance rights of the network and motivate users to trade.
Lurpis
The governance organization of the overall company system will be more efficient and have more fixed routes, but in contrast, after the product is formed, it cannot participate in product innovation and tokens. The design of Bifrost is equivalent to the model of open governance from the bottom. Through the DAO Form users can benefit from it with their own bound interests. The implementation scale of DAO is currently limited by the bottom layer, which actually requires high development costs. However, on Polkadot, the technical threshold for deploying DAO is relatively low. By preserving their own pledge liquidity through bifrost, users can retain their voting rights and guaranteed proposal rights. In the Polkadot ecosystem, DAO has lowered the threshold for technology deployment to a very low level.
Guo Tao
The new social mode of the current blockchain, the current combination of online and offline activities, can put the code directly on the chain, and the users will develop openly and transparently. The DAO will not die, but a corporate governance method parallel development. With the development of DeFi, decentralized autonomous organizations have also received more attention. The Zenlink DEX module will issue or list tokens with various parachains and will add many governance functions. The Zenlink DEX module will realize the common development of the Ethereum platform and the Polkadot platform.
Li Yongfeng
Decentralized autonomous organizations will depend on the application scenario. Complete democracy and complete decentralization are not necessarily the optimal solution. Currently, the more effective solution is a parliamentary solution selected by democratic voting. The OpenSquare network will be based on credit and collaboration: Bounty issues contracts, entrusts tasks, fulfills agreements, and conducts verification. Users get credit scores on the platform, which can be used as the nomination criteria for councilors. OpenSquare will abstract more DAO SDK tools as a complement to Substrate and a democratic module for other parachain projects.
Topic 3: Cross-chain meets storage – data market and storage solutions
Moderator: Charlie (Candaq Partner)
Guests: Tong Lin, Steve, Suji, Chris, Gerry
(video:https://bit.ly/3mTKlCd ）
Charlie
What did the respective projects do in the field of data storage and what problems did they solve?
From the technical level, share what are the problems in data protection and privacy security in the past few years, and what will be the development path of this area in the next few years?
Share which data solutions you are optimistic about and give reasons.
Tong Lin
Phala is committed to adding a privacy mosaic to the blockchain, and gradually extends to data protection outside the chain; in the field of privacy protection, the lack of a business model is a common dilemma for the main product team, but the topicality of mainstream privacy protection remains undiminished. The trend of Web3.0 makes us believe in the future of privacy protection products.
Steve
Crust provides a decentralized storage network for the Web3.0 ecosystem, is compatible with multiple file protocols and provides service interfaces for the upper layer; currently there are many data privacy solutions, but there are data leakage problems at different levels. The solution provided by Crust is The moment the data is generated, the full chain encryption of the storage data nodes separates the ownership and use rights of the data, so that the data will not be leaked by the data owner. I believe that everyone can contribute some strength to continuously supplement the Web3.0 ecology.
Suji
Maskbook builds a bridge between the traditional Internet and the blockchain world; the cost of the current Web3 ecological project is relatively low, and being long on Web3.0 is actually shorting the evil Internet giants. Things that are gradually decentralized are independent of state power, and the development of technical products that other giant companies cannot do is just a project direction with better development space.
Gerry
ImToken has a Polkadot verification node and follows the principle of decentralization to protect user information; centralized Internet companies mine user data while obtaining benefits from the data, forming different interest bodies, and Polkadot will form on-chain governance and on-chain governance in the future. After politics, different governance modules are required to resolve cooperation and disputes between the above-mentioned interest groups on the chain.
Chris
Bool is currently helping IPFS to introduce the Polkadot ecology. Through a highway such as multi-party computing, data transactions can continue to flow and open up the Polkadot channel of IPFS.
End
The "PolkaVerse PolkaVerse All Things Grow Late Night Champagne Canteen" event in Shanghai is over. Polkadot fans who are not present can click on the corresponding video link and picture playback!https://v.alltuu.com/r/Z3qmYz/
At the same time, Candaq will continue to join hands with PolkaBase, Liandu and other partners to hold Polkadot ecological project private meetings in Hangzhou, Shanghai, Beijing, Shenzhen, Chengdu and other places. Are you ready?
Past review
"PolkaVerse Polkadot Everything Grows" Xiamen Station Project Sharing | Summary
Similarities and differences between Kusama and Polkadot "Extended Edition"
The first batch of teams submitted to the Polkadot treasury for funding is released!
