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. What is the origin of Shiden who ranked third in the Kusama slot auction
What is Shiden?
What is Shiden?
Shiden is the leading network of the Polkadot ecological project Plasm, and just last week, Plasm announced a brand upgrade, changing the name from Plasm Network to Astar Network,Its strategic positioning has also changed from the original scalable Polkadot smart contract platform, supporting cutting-edge Layer2 solutions and Ethereum Virtual Machine,Transformed into a multi-chain DApp hub on Polkadot, supports Ethereum Virtual Machine, WebAssembly and Layer2 solutions.
In addition to some off-site factors, Shiden can get such a large support, mainly because: First, Astar is the first batch of Polkadot ecological projects established in 2019. The project maturity is very high, and Astar's long-term publicity is also People who continue to pay attention to Polkadot have settled in Astar, so,The consensus degree obtained by the project is also very accumulated. It has been brewing for many years and has enough foundation。
Second, from the original positioning of Astar, it is not difficult to see that its positioning is very advanced.The current hot public chains all have a feature that is compatible with the ecology of Ethereum, that is, compatible with the Ethereum virtual machine EVM and the Solidity smart contract language, and with the development of DeFi, many Layer2 projects have attracted much attention. And Astar has occupied the two high grounds of compatibility with Ethereum and the layout of Layer 2 early, which is very far-sighted. Therefore, during the development of Astar, its positioning has also attracted many participants who are also optimistic about the positioning of compatible Ethereum and Layer2.
Today, the repositioned Astar has set a more ambitious goal based on the original foundation. On the one hand, it will expand its ecology to other public chains other than Polkadot, and become a DApp hub not only on Polkadot , butMulti-chain DApp hub. On the other hand, after being compatible with Ethereum, Astar also saw WebAssembly (Wasm for short), a new direction for the development of smart contracts in the future. It is like being compatible with gasoline vehicles and seeing the development of new energy vehicles, so it started to make hybrid vehicles. up.
2. Review the current slot auction situation
Let’s recap, as we said last week, after the first Kusama slot auction started on June 15th, it will show the consensus of each project, how is the financial strength,The data from the first auction showed that there is no suspense in the ranking of the top three。
And the gap between the fourth and fifth place is not big,This means that there is competition for the fourth place, so we can see some project parties start to announce their participation in the slot auction, You can also see projects that have already participated in the auction. For example, Bifrost launched the bidding sprint plan, which directly doubled the original rewards to attract more people to participate in Bifrost's slot auction. In addition, the previous Khala and Genshiro have also made similar improvements, and the stealing stage we mentioned last week has begun.
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3. Correctly view the development of Polkadot ecology
Although we have continuously lowered everyone's expectations during the one-week ecological observation of Polkadot in the past few months, judging from the chats in our community, many friends still have doubts about the short-term development of Polkadot. Excessive expectations.
It is undeniable that Polkadot is a good project, but a good project also needs time for its ecological development.At present, due to the enthusiasm of the previous cryptocurrency market, Polkadot has also driven up, but this rise is not actually due to the support brought about by the ecological development of Polkadot. It's like the skyrocketing of Ethereum because of lC0, but this skyrocketing is not due to the support brought by the ecological development of Ethereum. It was not until the DeFi fire started last year and the ensuing NFT became popular that the Ethereum ecosystem was really launched. The value of Ethereum is reflected in the price, and this round of skyrocketing price of Ethereum is supported by a real ecology.
Similarly, Polkadot will have such a day, but for the current Polkadot, the ecological development is not so fast,So everyone might as well look at Polkadot for the long term, not the short term. So what are you looking at in the short term? The ecological development of Ethereum depends on the prosperity of applications such as DeFi, while the ecological development of Polkadot depends on the prosperity of parachains. Therefore,In the short term, we might as well focus on the development of parachains in the Polkadot ecosystemPolkadot Dynamics
The following is the introduction of Polkadot Ecological News last week, please enjoy.
Polkadot Dynamics
[Polkadot announced the launch of Encode Polkadot Club]
This is a long-term plan funded by the Polkadot Network chain funds, aiming to introduce all knowledge of Polkadot to students around the world. More than 100 university blockchain societies and students from all over the world will participate in this plan.
[Polca issued a proposal to increase the total number of nominators to 22,500 and increase the minimum DOT limit to 40]
Motion 91 issues a proposal that would raise the nomination limit so more people can start nominating. The new limit increases the total number of nominators by 2,500 (bringing the total to 22,500) and increases the minimum DOT limit to 40. Currently the proposal has passed the council and will be passed on to the community for voting.
【Moonbeam Pioneer Network Moonriver Wins Kusama Network's Second Parachain Slot Auction】
At around 17:30 pm on June 29th, the Kusama network's second parachain slot auction ended! Moonbeam's leading network, Moonriver, successfully won the second slot in Kusama by locking 205,935 KSM! And after 2 hours, successfully connected to the Kusama relay chain, and stably produced blocks in the form of a parallel chain!
[Kusama Network has started the third parachain slot auction, and the highest bidder is Shiden Network, the leading network of Astar Network (formerly Plasm Network)]
The Kusama council voted to approve motion 318 that kicked off the third slot auction. Currently, Kusama Network has started its third auction, and the highest bidder is Shiden Network, the pioneer network of Astar Network (formerly Plasm Network).
According to the latest Polkadot weekly report released by PolkaWorld, important events this week include:
According to the latest Polkadot weekly report released by PolkaWorld, important events this week include:
The third slot auction will end around 15:00 pm on July 6th
At present, the highest bidder in the auction is the Shiden network of Astar (formerly the Plasm network), which collected a total of 135,000 KSM
969,big ecological news
big ecological news
【Polkadot smart contract platform Moonbeam integrates with encrypted wallet AirGap】
Polkadot-compatible Ethereum smart contract platform Moonbeam has announced integration with crypto wallet AirGap. AirGap is a crypto wallet that allows users to securely store their crypto funds on their mobile phones. Both teams worked hard to make Moonbeam and Moonriver Token a supported currency on the AirGap wallet. With this integration, AirGap is able to serve various assets and new users within the Moonbeam ecosystem.
【OAK team will attend the 2nd Polkadot Official Hackathon】
With the launch of the heterogeneous cross-chain protocol Polkadot (Pokadot), the era of blockchain has ushered in the era of multi-chain interconnection. The advantage of Polkadot network technology is that it can link multiple different parallel chains together. Cross-chain interaction and collaborative work can be performed between them. Adhering to this concept, the Polkadot Hackathon theme developer entrepreneurship competition is fully launched. This event is a developer-oriented hackathon entrepreneurship competition in the Polkadot ecosystem, co-sponsored by Parity, Web3 Foundation, OneBlock+ community and PolkaWorld, IOSG, SNZ, Hashkey , Fenbushi Capital, and Multicoin are jointly initiated.
[The stable currency USDC plans to expand to another 10 blockchains, and it is expected to be available on Polkadot in the next few months]
According to CoinDesk on June 30, the dollar-backed USDC stablecoin is currently used on 4 blockchains and may soon be used on another 8 to 10 other networks. USDC is expected to be available on Avalanche, Celo, Flow, Hedera, Kava, Nervos, Polkadot, Stacks, Tezos, and Tron in the coming months, according to a draft announcement from CENTER, the USDC management center.
[Plasm officially changed its name to Astar Network and will use the new name to participate in the Polkadot slot auction]
Plasm Network announced that it will change its name to Astar Network. In the future, it will use the new brand name to participate in the Polkadot slot auction. Once the Polkadot slot auction is won, the network will be deployed. In the next stage, the official will launch the Astar portal, allowing developers to directly deploy smart contracts. The Builders Program has been launched and will be rolled out.
【Bit.Country Testnet $NUUM First Reward Announcement】
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[The Kusama crowdfunding of Robonomics, a decentralized IoT infrastructure based on Polkadot, has been launched on June 29]
Robonomics, a Polkadot-based decentralized IoT infrastructure, launched the Kusama parachain auction crowdfunding on June 29. Users can help Robonomics rent parachain slots and obtain Kusama’s distributed computing power by participating in Robonomics crowdfunding. Simultaneously serve digital twins of up to 10,000 IoT devices.
As of press time, this crowd loan has been supported by 61 users with a total of 1,532 KSM. It is reported that in this crowd loan, the user's KSM will be locked during the entire lease period after the Robonomics parachain goes online, which is expected to last for 48 weeks. After the lease period, KSM will be returned, and users will be rewarded with Robonomics during the lease process. The reward will have two options: the first is to get 100% of the parachain native token (XRT) after the Robonomics parachain goes live, the other is to get 25% of the ERC-20 token reward immediately after the auction is successful, and the parallel 75% native tokens after chain launch (approximately 2-4 weeks).
[Automata and Moonbeam's privacy-based off-chain governance debut in Polkadot ecology]
On June 29, Moonbeam, an Ethereum-compatible smart contract platform on Polkadot, announced its integration with Automata Network. Moonbeam dApp developers will be able to use Witness to vote without revealing their identities. Automata is a cross-chain application aggregator and high-performance privacy middleware project that provides a privacy middleware layer for dApps across multiple blockchains. Witness is an off-chain governance platform that provides users with a simple interface to create and vote on governance proposals while maintaining their anonymity by choosing between various privacy levels.
[Polkadot ecological cross-chain currency market Equilibrium has held the seventh community meeting]
At 1 pm UTC on June 24 (Wednesday), Equilibrium, the Polkadot ecological cross-chain currency market, held its seventh community meeting.
[Privacy encrypted communication software Coming Chat is limited to issue 100 sets of Kusama CID NFT]
Coming Chat is a service platform integrating private encrypted communication, encrypted payment, and Dapps integration platform. The CID NFT sitting on Coming Chat has the characteristics of uniqueness, scarcity, and high collection value. For details, please refer to the attached text .
Polkadot's "first test network" Kusama slot auction, the king of cross-chain, is related to the first auction of Polkadot's ecological future development. Its attention is no less than last year's Polkadot mainnet launch. , which is a milestone for Polkadot ecology. To commemorate this moment, the Coming project team and Kusama launched a limited edition Kusama CID NFT commemorative card.
[Polkadot ecological DeFi derivatives agreement Bifrost announced the slot bidding sprint plan, and the overall reward increased by 200%]
On June 29, Bifrost, the Polkadot ecological DeFi derivatives agreement, issued a document announcing the Kusama slot auction sprint plan. The overall reward will be increased by 200% for a limited time, from the original 1 KSM: 11 BNC to 1 KSM: 22 BNC. The plan will be held in Beijing The time will end at 6:00 on July 8, 2021. Users who have successfully participated in the Bifrost slot auction before will also receive an additional double BNC reward airdrop according to the adjusted ratio. According to the on-chain data, Bifrost has received support from 3,834 addresses in 10 countries, totaling 25,441.3475 KSM, of which 860.8972 KSM will be reserved for the first round of liquidity asset reserves of Bifrost SALP vsKSM.
[THORChain vulnerability mentions "Bifrost" as the same name, which has nothing to do with the Polkadot ecosystem Bifrost]
Recently, the THORChain cross-chain system was attacked by a "false recharge" vulnerability. Polkadot's ecological DeFi basic protocol Bifrost team responded to this matter, saying that "Bifrost" mentioned in the THORChain article is actually the same name as the cross-chain technology of the THORChain project, not Polkadot's ecological Bifrost. This vulnerability has nothing to do with the Polkadot ecosystem Bifrost.
[UK digital bank Revolut announces that its app supports DOT transactions]
British digital bank Revolut has announced that it will offer Polkadot Token (DOT) trading on its app, NewsBTC reported. It is reported that since 2017, the application has been committed to providing transactions, purchases, sales and storage of encrypted assets.
[Polkadot smart contract platform Moonbeam Network integrated development tools Waffle and Mars]
According to news on July 2, the Polkadot smart contract platform Moonbeam has completed the integration with Waffle and Mars. Waffle and Mars are two Ethereum-based development tools created by Ethworks. Creating, testing, compiling and deploying new projects in the Kusama ecosystem just got easier.
[Blockchain platform Enjin sells $20 million of Efinity's native token (EFI) through CoinList, Efinity aims to become a Polkadot parachain focusing on NFT]
Blockchain platform Enjin said it has sold $20 million in EFI tokens through a public sale on CoinList. It is reported that EFI is the native token of Efinity, a parachain based on Polkadot, focusing on NFT. Despite the recent decline in the cryptocurrency market, the sale shows continued interest in buying new tokens early.
[On-chain incentive agreement DAFI Protocol and Polkadot decentralized identity (DID) aggregator project Litentry cooperate to launch a new Staking model]
On July 1, the on-chain incentive protocol DAFI Protocol cooperated with Polkadot's decentralized identity (DID) aggregator project Litentry to introduce an identity-based pledge model for the DID and DeFi ecosystems. Both teams will conduct in-depth research on integrating DAFI's smart synthesis Token into Litentry's cross-chain identity computing service. This cooperation aims to provide more possibilities for long-term users of these two encryption projects.
【Polkadot prediction protocol OptionRoom public beta version launched on BSC mainnet】
On July 1, Polkadot's ecological oracle machine and prediction protocol OptionRoom announced that the public beta version was launched on the BSC mainnet.
[MV Index Solutions (MVIS), a subsidiary of New York-based asset management company VanEck, has partnered with digital asset data provider CryptoCompare to launch DOT, SOL and TRX institutional-grade price indices]
According to Cryptoglobe, MV Index Solutions (MVIS), a subsidiary of New York-based asset management company VanEck, has partnered with digital asset data provider CryptoCompare to announce the launch of institutional-grade price indices for three encrypted assets: Polkadot (DOT), Solana (SOL) and Polkadot (DOT). field (TRX). The three indices are designed to measure the performance of their respective digital assets (DOT, SOL and TRX), with closing values based on hourly Volume Weighted Average Price (VWAP).
[Polkadot's ecological cross-chain currency market Equilibrium created and implemented the Binance Smart Chain Bridge on Kusama, and the BUSD token is currently available on the testnet]
Equilibrium is the first team in the crypto world to create and implement the Binance Smart Chain Bridge on Kusama. This also applies to Polkadot. The bridge will enable two-way asset transfers between BSC and the Substrate-based networks Polkadot and Kusama. Users can spend the BUSD token on Equilibrium’s testnet.
【Polkadot's decentralized pledge platform Stone is about to officially launch Polygon】
Stone officially announced that it will launch a product on Polygon(Matic). Polygon is Ethereum's Internet of Blockchains, a protocol and framework for building and connecting Ethereum-compatible (ETH) blockchain networks. Stone is the only income management framework that focuses on creating lasting and stable income for all users in the DeFi field through cross-chain assets and liquid pledges.
Stone aims to create the most stress-resistant decentralized staking platform to meet the needs of the DeFi industry. With the addition of yield assets introduced by Stone, it will further create yield-based derivatives such as “risk-optimized” yield indices and other derivatives. This time, Stone launched its products on Polygon. Stone users will benefit from using the income platform launched on Polygon, including avoiding large gas fees and saving network congestion time, etc., while fully benefiting from the network effect of Ethereum. The Stone team said that although Polygon is similar to blockchains such as Polkadot, Avalanche and Cosmos, it is more open, stronger and more secure than these solutions, and it is also a good opportunity to connect the Stone and Polygon communities.
【Moonbeam-based automated market maker platform Demodyfi will integrate with Polygon】
Demodyfi, an automated market maker (AMM) platform based on Moonbeam and Polkadot, will integrate with the Polygon protocol to expand the Demodyfi ecosystem. Demodyfi is using ChainBridge to implement a cross-chain bridge from Moonbeam to Polygon. ChainBridge is a bridge between Ethereum and the Moonbeam parachain on Polkadot, allowing token transfers between the two separate chains. Furthermore, Demodyfi aims to add more value in the near future by integrating a second independent blockchain bridge with Cross-Chain Messaging (XCMP), which allows not only asset transactions but also cross-chain smart contract calls.
[The first Gamefi gameplay drill system integrating NFT and Defi has landed on the Dawn Continent of Darwinia Network]
The first two rounds of land auctions in Lixiao Continent have ended, are there still many partners who do not own their own land? The first Gamefi gameplay drill system that integrates NFT and Defi has landed on the Dawn Continent. With the drill, you can participate in the economic activities of the evolution of Odaily even if you don’t have a plot. If you have a player with a plot, the drill can even make you even more powerful!
[Signum Capital becomes Polkastarter's new council member]
Signum Capital's sense of excellent projects and Investing philosophy have earned them a pioneering position in the industry, and their in-depth understanding of the encryption market has made them valuable members of the Polkastarter Council. Additionally, they have been involved in supporting Polkastarter from an early stage, and the addition of Signum Capital to the council will solidify the project selection process.
【Parallel Finance, a decentralized lending and pledge platform based on Polkadot, won the Web3 Foundation Grant】
Parallel Finance announced that it has received funding from the Web3 Foundation to build a decentralized lending and staking platform on Polkadot. As of now, Parallel Finance has built a lending and staking interface on the testnet, which can be used to backtest the upcoming features of the mainnet on Kusama, and Parallel will deploy it immediately after winning the parachain auction. This interface can be used to test a protocol called "leverage staking", which allows users to borrow and borrow their pledged KSM and DOT in order to obtain loan income while obtaining staking income. Parallel also built a node validator evaluation mode, which uses its staking interface. This mode is used to designate the best validator for a user based on the validator's reputation history. Parallel already provides educational materials (tutorials and media articles), allows users to interact with the new lending interface, and is beta testing its first version. In the near future, Parallel Finance plans to deploy a fixed-rate parachain lending interface. Additionally, Parallel is developing a new method of dynamically tracking interest rates.
[Multi-chain NFT market PolkaDoge has been launched on Polygon]
Ecological investment and financing
Ecological investment and financing
[Blockchain venture capital institution IOSG Ventures completed the second fundraising and plans to launch a Polkadot-themed fund]
Ecological cooperation
Ecological cooperation
[Moonbeam announces cooperation with Cardinal Entertaiment, an innovative NFT casting game developed on Moonriver]
Moonbeam announced a partnership with Cardinal Entertaiment. Cardinal Entertaiment will release Zoombies, an innovative NFT minting game developed on Moonriver, in Q3 2021. Inspired by the card collection games Magic Gathering and Hearthstone, coupled with the casting mechanics of Raribles and Cryotikitties, Zoombies offers a unique gamified NFT experience for users who are more than just collecting NFT art. Players can mint, collect, trade and sell NFT zombie-themed trading cards and in-game ZOOM Token, and can use Moonriver Token (MOVR) as an encrypted asset for all transactions.
[Polkadot ecological NFT trading platform NFTMart has reached a cooperation with Guofengchao brand Yihong]
NFTMart, the Polkadot ecological NFT trading platform, announced a cooperation with Yihong, a national fashion brand. The two will jointly inherit traditional Chinese culture and art forms through blockchain technology. This cooperation will also create and make breakthroughs in the fields of intangible cultural heritage and Chinese style, bringing more Chinese culture into NFT. Yihong is an advocate for the inheritance of digital records of traditional handicrafts and cultural forms; at the same time, he participates in the cross-border communication of non-material cultural traditional skills and commercial brands, and has completed dozens of digital displays of traditional and non-material cultural themes.
【Coinversation and Dora Factory have reached a strategic cooperation on the DAO governance mechanism】
Through this cooperation, Coinversation will establish the basic governance mechanism of the Coinversation community based on Dora Factory's DAO-as-a-Service developer chain governance tool. Dora Factory has a Substrate-based, programmable, DAO-as-a-service open infrastructure. Dora Factory's infrastructure provides a large number of on-chain governance functions to meet the key needs of DAOs in terms of governance, fundraising, and management. Important on-chain governance mechanisms, such as quadratic funding, MolochDAO, joint curve fundraising, etc., all cool functions related to on-chain governance can be implemented by developers on the Dora Factory Substrate Parachain infrastructure as "modules (Pallet)" form developed.
[Glitch and Darwinia have reached a strategic cooperation to jointly expand cross-chain asset transactions]
Darwinia Network will cooperate with Glitch to introduce our cross-chain bridging technology into the GLITCH protocol. By establishing this partnership, we will help facilitate the efficient multi-chain circulation of Glitch ecological assets on Polkadot, Kusama and various other well-known blockchains, adding more options for GLCH holders. Based on the Glitch Finance vision, one of our main goals is to ensure that the Glitch ecosystem has maximum utility from day one, and the technology provided by Darwinia is a perfect match for this goal.
[Web3 open infrastructure Saito and European blockchain platform Elrond reached a strategic partnership]
On June 28, 2021, Saito announced a strategic partnership with Elrond. The partnership will enable developers to use eGold and other tokens issued on the Elrond network in web applications and games running on Saito's decentralized peer-to-peer network. Elrond is a highly scalable, fast, low transaction cost and secure blockchain platform. The parties will focus on making the two networks interoperable so that Saito developers and users can add eGold and Elrond ESDT tokens as tokens to power their applications and games, including games already available for testing on Saito Arcade.
[Cross-chain privacy middleware project Automata reaches cooperation with Polygon and Moonbeam]
According to official news, the cross-chain privacy middleware project Automata has reached a cooperation with Polygon, the Ethereum expansion solution, and Moonbeam, the Polkadot ecological smart contract platform, to optimize off-chain governance. mode, and introduce this mode into the Polkadot ecosystem through cooperation with Moonbeam. In addition, Automata will provide Polygon-based DEX with integration with its MEV minimization solution Conveyor.
[Polkadot ecological decentralized identity aggregator Litentry has reached a cooperation with the synthetic asset pledge agreement DAFI to introduce a new pledge model]
【Registration for the 2nd Summer Polkadot Hackathon Competition Open】
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.
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Thanks to PolkaWorld, the first Chinese community of Polkadot, and Blockchain Knights for their support of this article.
In view of the endless emergence of Polkadot ecological projects, but the inferior projects and scam projects are full of them, it is worthy of vigilance. On the other hand, it is difficult for groups only on the Polkadot project side to understand the whole picture of the entire ecological development of Polkadot, and miss many opportunities.
In view of the endless emergence of Polkadot ecological projects, but the inferior projects and scam projects are full of them, it is worthy of vigilance. On the other hand, it is difficult for groups only on the Polkadot project side to understand the whole picture of the entire ecological development of Polkadot, and miss many opportunities.
Pay attention to the official account
Pay attention to the official account"Polkadot Ecological Research Institute", reply "Join the group" and add friends to the group.
