Observation and Viewpoint
Polkadot Weekly Observation, is a summary of what happened to Polkadot’s entire ecology last week, and we will also share some of our observations on these events in the form of vernacular.This article is intended to provide information and opinions, and does not endorse any project.Any project mentioned is not for investment recommendation, but for information display only.
Observation and Viewpoint
1. Kusama slot auction officially started, but the Polkadot ecological project has its own ideas
At present, 12 project parties are participating in crowd lending, with a total of 6.5% of KSM locked up. Some friends may have doubts right away, isn’t it said that the Polkadot ecosystem has more than 100 projects? Why are there so few projects to participate in? Is it going to be yellow? In fact, if we switch toThe perspective of the project partyto see, this matter is much easier to understand.
First of all, the progress of each project is not the same. Many projects have not reached a sufficient degree of completion. The project party itself is well aware of this and did not forcefully participate in Laibo Eyeball. Judging from the projects that participated in crowdfunding this time, the projects that have obtained the most KSM are often very early projects in the Polkadot ecosystem.Technology accumulation degree, project completion degree, community consensus degreeThe aspect is high enough, it is very suitable to participate in the auction. But we need to understand that the Polkadot ecology itself has been developed for a relatively short period of time, and it is in an upward state where there are few initial projects and ecological projects have gradually emerged until recently.Ecological development is a gradual process, From this point of view, there are not many projects participating in crowd lending this time, which does not mean that this ecology cannot be implemented.Instead, we should look forward to the development of the ecology after it gradually matures。
One of the most intuitive examples can confirm this phenomenon, that is, you can look at the Grant situation officially launched by Polkadot, and you can clearly feel that the frequency of Grant releases is getting faster and faster, and more and more projects are rewarded ,This is the embodiment of rapid ecological development。
Secondly, even mature ecological projects are not necessarily eager to participate in slot auctions, which involves someauction strategyThe problem. For example, Acala’s pioneering network Karura on Kusama, which currently has the highest degree of consensus, has a high probability of getting the first slot. Participating in the next few slot auctions is also a strategy for them not to participate in the auction for the first time.
In addition, for some ecological projects, they may not rely heavily on cross-chain, so they may directly wait for Polkadot’s official follow-up to launch parallel threads to meet their own needs for cross-chain.
Therefore, based on this situation, weWe cannot simply draw the conclusion that the Polkadot ecology is no longer good from the situation of this Kusama slot auction.。
2. The policy of cryptocurrency affects the flow of funds
Maybe some friends think that this Kusama slot auction is full of thunder and little rain, and there is no response at all. But still the same sentence,Polkadot belongs to a small ecology of cryptocurrency, which cannot be separated from the influence of the development of cryptocurrency。
We kept reminding everyone a few weeks ago that the market is no longer a bull market where everything goes up, it has begun to becomestructural bull market(It means that not all of them will rise, but some sectors will rise). You may wish to take a look at our previous Polkadot Ecological Weekly Observation, which has reminded you many times.
Now it seems that the situation is not optimistic. The supervision of various countries continues to increase. In particular, last week, China launched a power inspection operation against Sichuan, which has the most concentrated bitcoin computing power in the world. Bitcoin in major mining pools fell accordingly. Bitcoin's recent decline may also be related to mine liquidations, but either way,Countries won’t easily loosen Bitcoin regulation anytime soon. Perhaps individual sectors will have some opportunities to rebound, but the high pressure of policy is one of the most important factors that determine the flow of funds. so,Polkadot Dynamics。
The following is the introduction of Polkadot Ecological News last week, please enjoy.
Polkadot Dynamics
【The Kusama Network's first slot auction has started bidding】
At 19:00 on June 15th, Beijing time, the Kusama Council voted and started the motion of the first parachain auction of the Kusama network, which means that the first slot auction of the Kusama network has begun.
[Official release of Kusama Canary Network Parachain Voting Operation Guide]
Parachains are key to the scalable multi-chain architecture of Kusama and Polkadot. As Polkadot's first testnet, Kusama will be the first to launch parachain auctions for testing and optimization, to expose problems in advance, and to ensure that the Polkadot mainnet on the parachain is safe enough to run. A total of 12 projects have started crowd lending.
[Polca Weekly: Kusama’s first auction results will be announced soon]
According to PolkaWorld's Polkadot Weekly, the results of Kusama's first auction will be announced this week.
There are 2 more days until the end of the first auction. It is expected to end around 4pm on June 22nd.
A total of 12 projects have initiated crowd lending on Kusama
727,305 KSM (6.5% of all KSM) have been locked in crowdloan
The most supported in the current crowdloan campaign is Karura (collected from 14K accounts, nearly 500K KSM)
big ecological news
big ecological news
[Coinbase Pro will list Polkadot (DOT), deposits are now open]
According to official news, Coinbase Pro will list Polkadot (DOT), and deposits are now open. Coinbase supported jurisdictions will support DOT. Trading will begin on or after 9:00 a.m. PT on June 16 once liquidity conditions are met.
[Centrifuge's leading network Altair will soon participate in the Kusama parachain slot auction, OKex will support Altair's Crowdloan]
Centrifuge will soon participate in the Kusama parachain slot Auction, and Altair will launch Crowdloan as Centrifuge's first parachain slot on Kusama. OKex will support Altair's Crowdloan. OKex users can stake KSM to Altair slots and get AIR airdrops in return.
[Acala Pioneer Network Karura Launches 5% Extra Auction Startup Bonus]
According to official news, the Kusama DeFi platform Karura (Acala Pioneer Network) has launched an auction start-up reward. Now participating users will receive an additional 5% start-up reward on the basis of the original reward. Users can participate directly through Acala official website (minimum locked amount is 0.1 KSM), Polkawallet (minimum locked amount is 0.1 KSM), Kraken, OKEx, Wheat, Fearless, Newland and other channels. Up to now, the total locked quantity of Karura has exceeded 362,000 KSM, the total locked value has reached 150 million US dollars, and the total number of participants has exceeded 12,200.
[Polkadot DeFi project Equilibrium announced that it has introduced Curve AMM into Polkadot]
According to official news, the Polkadot DeFi project Equilibrium announced that it has introduced Curve AMM into Polkadot, and will then introduce it into Genshiro, a DeFi parallel chain on Kusama. According to previous news, the Polkadot DeFi project Equilibrium will launch the DeFi parachain Genshiro on Kusama and will participate in the parachain slot auction.
【Comprehensive revision of SubDAO official website】
The SubDAO official website has been upgraded and revised, which will bring you a brand new visual presentation. This revision not only has a new look in the overall visual effect, but also changes in the structure of the official website and the display units on the homepage.
[NFTMart brand upgrade, new Logo enabled]
In order to further enhance the recognizability and communication effect of the NFTMart logo, and better enhance the brand image of NFTMart. After communicating with well-known brand design experts, NFTMart followed the new brand principles and designed a new NFTMart LOGO.
【Equilibrium W3F Grant has been completed, Curve development will be deployed on Genshiro】
The grant from the Web3 Foundation to bring Curve Finance to Polkadot has been previously described. When it was announced plans to launch Equilibrium’s canary network Genshiro on Kusama, Curve development would first be deployed on Genshiro. All milestones have now been completed in accordance with the grant.
[Decentralized privacy service protocol Automata's Witness successfully launched the Ethereum mainnet, Ethereum Kovan testnet, BSC mainnet and testnet simultaneously]
Automata has been continuously building a more robust and practical solution stack, and we are very happy to share the team's recent major breakthrough: "Witness" successfully launched on the Ethereum mainnet, Ethereum Kovan testnet, BSC mainnet and testnet simultaneously. The integrated launch of "Witness" is of great significance. I believe this product can provide the key first step for the prosperity of the blockchain ecology!
[Axelar and Moonbeam integration extended to Polkadot]
In official news, Moonbeam announced the integration of Axelar, which is a decentralized interoperability architecture that connects blockchain ecosystems, applications and users, and connects Polkadot with other decentralized ecosystems. Through this integration, Moonbeam developers will be able to use Bitcoin and crypto assets from Ethereum, Terra and other ecosystems integrated with Axelar Network.
[IoT project Robonomics will participate in the Kusama slot auction on June 29]
According to official news, Robonomics, the Polkadot IoT project, will participate in the third parachain slot auction of Polkadot’s leading network Kusama at 20:00 on June 29th, Beijing time. Robonomics will start crowdfunding on June 28, with an estimated fundraising amount of 1 million KSM. Users can participate in this event through the crowdfunding module on the Robonomics official website.
【Crust has released the first batch of Kusama slot auction rewards】
Crust, the Polkadot ecological decentralized storage project, has issued the first batch of Kusama slot auction rewards. During this round of snapshots, Crust Shadow received a total of 4610.44159 KSM in crowd loans, and issued a total of 322.73091 CRU and 64546.18236 CSM token rewards. Crust Shadow launched crowd lending on June 9, and took a snapshot at 14:00 on June 16. Anyone who completes KSM lockup before this time can get rewards, and each KSM can get 0.07 CRU and 14 CSM rewards. Rewards are distributed weekly in the form of timed snapshots during the crowdlending period. Backers are rewarded regardless of whether the auction is successful or not. The snapshot of the next round of rewards will be at 14:00 on June 23, and the rewards will be distributed on the same day.
【Moonbeam, an Ethereum-compatible smart contract platform on Polkadot, has integrated with the NFT project Unifty, enabling its users to create NFTs】
According to U.Today, Moonbeam, an Ethereum-compatible smart contract platform on Polkadot, has integrated with the NFT project Unifty, which will allow Moonbeam users to create their own NFTs, regardless of whether they have any coding experience. By leveraging Unifty's tool suite, Moonbeam can create a full-fledged NFT ecosystem that includes trading and bridging services as well as a marketplace that allows users to trade their tokens.
[Polkadot ecological currency market protocol Konomi integrates Chainlink oracle machine in the testnet]
According to Chainlink official news, Konomi, the Polkadot ecological currency market protocol, has integrated Chainlink OraclePallet on the test network, and will provide Konomi with high-quality and anti-flash loan price feeds to support its decentralized liquidity and assets on the Polkadot ecosystem. currency market.
【Moonbeam announces integration with Frax, a partial mortgage algorithm stablecoin protocol, to natively mint stablecoins on Polkadot】
According to official news, Moonbeam announced the integration with Frax, a stablecoin protocol with partial mortgage algorithm. The Frax team will deploy its protocol to Moonbeam to natively mint stablecoins on Polkadot.
[Polkadot ecological DAO infrastructure Idavoll Network completed the delivery of Web3 Foundation Grant]
On June 18, Polkadot's ecological DAO infrastructure Idavoll Network stated on Twitter that it has officially completed the delivery of the Web3 Foundation Grant. Earlier news, Idavoll Network announced the completion of US$1.5 million in strategic financing, with the participation of dozens of institutions, including DFG, Spark Digital Capital, YBB Foundation, Hashwei Ventures, Chain Capital, GAINS Associates, ZBS Capital (Cryptodiffer), Gate.io, Oasis Capital, Bitblock Capital, Onemax Capital, Blockhunter Capital, Magnus Capital, etc. Idavoll Network is a DAO infrastructure based on the Substrate development framework. It is also the first batch of DAO projects funded by the Web3 Foundation Grant. Any organization can create and manage a cross-chain DAO platform based on Idavoll.
[The number of OAK Testnet global online nodes exceeds 100, and the number of Twitter followers is 1000+]
OAK Network's official Twitter account has gained 1000+ fans, and the OAK test network has more than 100 operating nodes, which is a good start of a long journey.
【Bit.Country joins hands with the Metaverse Expedition Team to launch the first "Metaverse Expedition Team Competition"】
Bit.Country joins hands with the Metaverse Exploration Team and the NFT Tuesday community to launch the first "Metaverse Expedition Team Contest". The Metaverse expedition team retains a small metaworld, and rewards the members and active members of the expedition team with an exclusive NFT minted from the treasury and parliament of the small metaverse.
[Vortex DeFi, a one-stop solution that bridges Polkadot and the Ethereum ecosystem, will release the mainnet test version on June 25]
Vortex DeFi announced on Twitter that according to the roadmap, the mainnet release (beta version) as the first milestone will arrive on June 25, 2021. It is reported that Vortex DeFi aims to unlock the decentralized financial world and is a one-stop solution for bridging the Polkadot and Ethereum ecosystems.
【Bifrost slot auction lock volume has exceeded 20,000KSM】
Ecological investment and financing
Ecological investment and financing
【Lending startup Parallel Finance raises $2 million】
Lending startup Parallel Finance has raised $2 million as it aims to make decentralized finance (DeFi) a larger part of the Polkadot ecosystem. The project is backed by Pantera Capital, Polychain Capital, Lightspeed Venture Partners, Breyer Capital, 8 Decimal Capital, and Hypersphere Ventures.
【Polkadot's ecological cross-chain decentralized trading platform Mangata completes USD 1.4 million in financing】
Ecological cooperation
Ecological cooperation
[Stake Technologies, the parent company behind Plasm, announced a partnership with doublejump.tokyo, the largest NFT content creator in Japan]
Stake Technologies, the parent company behind Plasm Network and Shiden Network, has announced a strategic partnership with doublejump.tokyo, Japan's largest NFT content creator, which will expand the Plasm and Shiden ecosystems by introducing NFTs.
[NFT trading platform NFTMart has reached a strategic cooperation with NFT art distribution platform FM Gallery]
Polkadot's ecological NFT trading platform NFTMart announced a strategic cooperation with FM Gallery, an NFT art distribution platform. The two parties will explore the NFT+ art model, help more high-quality art collections enter the NFT world, and provide NFT collectors and investors with richer art NFT assets. FM Gallery is a blockchain-based NFT artwork and trendy game distribution platform, dedicated to empowering art and fashion through innovative art fragments and fan autonomous communities. Internationally renowned digital artists currently signing contracts include but are not limited to: FN Kalyan, Chad Knight, Peter Mohrbach, Macomoroni, Tian Xiaolei, Yu Fang, etc.
【Moonbeam announces integration with Convergence Finance】
It’s official, Ethereum-compatible smart contract platform Moonbeam has announced an integration with Convergence Finance. Convergence's infrastructure will be built on Moonbeam, allowing the protocol to be seamlessly deployed to Web3 and Polkadot Substrate environments. At the same time, Convergence brings real-world asset AMMs into the Polkadot ecosystem.
[Unique Network and RMRK have reached a cooperation to jointly demonstrate the new generation of Polkadot ecological NFT technology]
According to official news, following the successful launch of Chelobricks in May and $4.3 million in financing, Unique Network has partnered with RMRK’s first NFT series, Kanaria, to expand its ever-growing NFT space, addressing the scalability and networking issues plaguing the Ethereum network. congestion problem. The series is inherently designed so that each NFT can be upgraded, evolved and grown over time, and has eternal liquidity by automatically applying to any future NFT project.
【Coinversation and Stratos establish a decentralized cloud storage strategic cooperation】
Through this cooperation, Stratos will provide Coinversation Protocol with a decentralized database, which not only ensures that important user data and transaction data will never be lost, but also ensures that the ownership and control of these sensitive encrypted data belong to customers, so that there will be no If it is stolen or tampered with by a third party, there is no need to worry about the security and sensitivity of the data, which greatly improves the user experience of DeFi and lowers the threshold for using DeFi.
[Standard Protocol, a Polkadot-based stablecoin protocol, cooperates with the open source financial information platform DIA]
Polkadot Hackathon is a developer hackathon entrepreneurship competition in the Polkadot ecosystem, co-hosted by Parity, PolkaWorld and the OneBlock+ community. From July 17th to 18th in Hangzhou, more than 100 developers will be recruited again to combine the theoretical knowledge based on the Substrate framework with practical development to create more innovative products in the Polkadot ecosystem. The winning team will receive generous bonuses, technical and resource support, and truly become a member of the Polkadot ecosystem. Registration address:
Upcoming Events
【Registration for the 2nd Summer Polkadot Hackathon Competition Open】
Polkadot Hackathon is a developer hackathon entrepreneurship competition in the Polkadot ecosystem, co-hosted by Parity, PolkaWorld and the OneBlock+ community. From July 17th to 18th in Hangzhou, more than 100 developers will be recruited again to combine the theoretical knowledge based on the Substrate framework with practical development to create more innovative products in the Polkadot ecosystem. The winning team will receive generous bonuses, technical and resource support, and truly become a member of the Polkadot ecosystem. Registration address:
https://shimo.im/forms/gphHCQHpkXYcwKGP/fill
Thanks to PolkaWorld, the first Chinese community of Polkadot, and Blockchain Knights for their support of this article.
Thanks to PolkaWorld, the first Chinese community of Polkadot, and Blockchain Knights for their support of this article.
