On June 8, Gavin Wood, the founder of Polkadot, released a more definite Kusama card slot auction schedule. It should be noted that this timetable is drafted according to the rhythm suggested by Gavin Wood to the council, and the Kusama relay chain has no major problems and accidents.
According to this schedule, the first batch of slot auctions will be completed in five sessions. The first Kusama auction will start on June 15th, and then every seven days. The winning criterion is that each participant bids in the first two days, and the bidding period ends two days later. After five days, the system will randomly select a time point in these five days as the bid, and the highest bidder at this time point will win the auction. From June 8th to the 15th, users, projects and relevant participants will gradually unlock the previously pledged KSM to participate in this card slot auction.
Then Gavin Wood also mentioned that there will be a second batch after the first batch of slot auctions, but there will be a certain "quarantine period" between the two batches, the purpose is to observe the situation of the first slot auction and related data.
Apart from the Kusama parachain auction, which new projects in the Polkadot ecosystem are worthy of attention?
As the pioneer of Polkadot’s official mainnet, Kusama’s card slot auction on June 15th is of great significance, because it marks that the cross-chain network proposed by Gavin Wood has made substantial progress, and it is bound to be launched in the market again. There was a wave of enthusiasm for Polkadot and Kusama.
But we can't just focus on Polkadot and Kusama. We have also mentioned before that whether it is Polkadot or Kusama, they are only a meta-protocol compatible with other parachains. The establishment of a cross-chain network is the beginning of Polkadot’s real value creation and capture, so always pay attention to Polkadot’s ecology The development of Polkadot is far more valuable in the long term than Polkadot itself. With the rising popularity of the Polkadot/Kusama market, a large number of ecological projects will inevitably appear, which will inevitably cause the market to be uneven. Some professional institutions and communities have given some standard features for judging projects. One of the important ones is whether they are Get on the Web 3 Foundation Grant's list.
The Web3 Foundation was established by Dr. Gavin Wood to focus on developing, deploying and maintaining Web3.0. Realize the management and utilization of resources by funding high-quality projects, the main direction is the various components of the Web3.0 technology stack. The Web3 Foundation has also been helping those projects involved in Web3.0 and Polkadot ecological construction through Grant.
So far, Web3 has carried out ten grants. We can see from the list of Grant plans announced by the Foundation that in 2021, 68 projects will receive Grant funding. Among them, projects such as Zenlink, Equilibrium, Acala, and Phala have all received Grant funding for many times.
In addition, some new projects can also be paid attention to in advance. These include:
X-Predict: A Decentralized Prediction Market
X Predict Market is a decentralized cross-chain prediction platform, which aims to provide diversified, automated, security-oriented, high-yield, and socialized prediction services, allowing users to freely initiate predictions and governance of real events. Polkadot is still basically in the stage of infrastructure and component construction, and there are still many vacancies in the future large-scale market direction of derivatives, so we can continue to pay attention to projects in this sector.
DNFT: Decentralized NFT cross-chain protocol
Provide NFT asset management and cross-chain services. In terms of NFT asset creation and trading, DNFT integrates NFT asset creation, NFT asset decentralized transactions/auctions, NFT asset maintenance taxes, NFT recycling mechanisms, and DNFT governance. In terms of user experience, DNFT builds a tag pool for users and NFT assets based on big data and AI algorithms, making it easier for users to find accurate NFT assets. In terms of cross-chain services, the DNFT network will provide a cross-chain bridge, allowing assets to span multiple blockchains. The platform supports multiple chains such as Ethereum, BSC, Heco and Polkadot.
MyBank: Polkadot Ecosystem's first high-leverage cross-chain lending platform
To be precise, MyBank is a DeFi platform based on cross-chain solutions to improve market capital efficiency. Its core function is a comprehensive DeFi platform that amplifies the efficiency of market capital with high leverage and combines just-needed businesses such as lending and DEX. The core business is divided into BWS lending, which supports over-collateralized lending, high-leverage lending, secured unsecured lending, and on-chain credit loans. MySwap DEX supports high-leverage spot transactions and cross-chain transactions. At the same time, users can convert their social relationship value into negotiable value certificates or NFT certificates. Judging from the experience of the traditional financial market, the volume of the derivatives market is at least 50 times that of the spot market, and DeFi is an important value capture entry in the startup stage of Polkadot’s ecology. Therefore, emerging projects such as MyBank will definitely become Polkadot’s cross-chain DeFi The star of the ecology. In the initial stage, MyBank will be deployed on Polkadot based on Substrate, and will cover BSC, Solana, ETH and other public chain ecology in the future.
Stone: cross-chain asset income aggregator
Stone is a platform that provides cross-chain liquidity and income aggregation around PoS assets. In other words, Stone will provide a trading and income platform for PoS pledged asset derivatives in the current market, such as vETH issued by Bifrost and rETH issued by Stafi, etc. Later, Stone may also assemble a package based on these derivatives From the experience of various public chains such as Ethereum, the lock-up scale of a large income aggregator can often reach hundreds of millions or even billions of dollars.
Standard protocol: Collateralized algorithmic stablecoin protocol for synthetic assets
The Standard protocol is a Collateralized Rebasable Stablecoin protocol based on the Polkadot ecosystem, which introduces a new model for liquidity aggregation. Compared with the previous generation of algorithmic stablecoins, Standard will adjust its stablecoin supply every cycle, and realize leveraged trading and arbitrage through the built-in AMM, becoming a catalyst for financial activities of other parallel chains. In addition, Standard can also generate synthetic asset market protocols through decentralized oracles. Standard is also the first Grant project from Korea.
Zeropool: Polkadot private transactions
Zeropool is a multi-chain privacy and anonymity solution that users can use to hide amounts, sources and destinations of funds, storage or transactions. It can be regarded as a strong competitor of privacy coins. Zeropool's product has been in development, starting as an anonymity solution for Ethereum's ETC-20 tokens. Later, it began to expand in the direction of multi-chain. This is another Polkadot ecological project that fills the gap in the field of privacy computing and privacy protection besides Phala.
Treasureland: NFT asset issuance trading platform in the DEGO ecosystem
Tresureland is an NFT issuance and trading platform that supports multiple chains, and it is also the first NFT Market in Polkadot that supports multiple chains. And its parent DEGO is a platform that focuses on the concept of NFT+DeFi. It mainly provides functional services such as casting NFT on the chain, initiating NFT mining, auctions and transactions. DEGO's contract has completed the audit, but the team has been in an anonymous state.
Dora Factory ： DAO as a Service
Dora Factory is an infrastructure for on-chain governance and open source entrepreneurship based on Substrate's DAO-as-a-Service. That is to say, developers and entrepreneurial teams can directly call Dora’s governance module on Polkadot in a hot-swappable way. This service includes key requirements in governance, fundraising, collaboration, management, etc. At the same time, secondary development can also be carried out on the open infrastructure of Dora Factory.
SubGame: Decentralized game public chain platform
In the current NFT upsurge, games have become an important direction besides digital artworks, but there are certain limitations in the development and deployment environment of the existing major public chains. SubGame is an open platform based on Polkadot cross-chain network construction. The sex game public chain platform provides developers in the industry with a lower-cost, highly-combinable and more powerful infrastructure. SubGame provides a multi-module blockchain game engine, providing developers with a full range of support, such as SDK, tutorials, tools, and various necessary mod resources, so that developers can improve applications in the easiest way program product.
This content is more to hope that everyone will learn more about the ecology of the cross-chain network in addition to paying attention to Polkadot/Kusama itself and the slot auction event, and it does not constitute investment advice. Moreover, the card slot auction, as Polkadot’s biggest benefit at present, will eventually end at the time when the auction starts. In the future, we still need to see what kind of height Polkadot’s ecology can develop.
