Feb 8, 2021
Polkadot Ecosystem Weekly Digest
February 1st — February 7th
POLKADOT
Polkadot is one of the sponsors at ETHDenver Web3 #BUIDLathon: Polkadot provides bounties for both “open hack” and “non-technical” challenges. Requirements and prizes.
“Polkadot: A Bet Against Maximalism” — the interview with Gavin Wood by Real Vision. “The likelihood now is that we will literally be bestowing 10 million DOT tokens under the control of the Kusama governance mechanism. It’ll be fully decentralized. In reality, Kusama or the Kusama governance mechanism will have a voice in how Polkadot is run” — Gavin Wood.
“What’s Needed to Win the Parachain Slots Auction, Official Answers are Here!” — the inteview with Joe Petrowski (Research Analyst at Parity) held by KuCoin.
BIFROST
After integrating Zenlink’s DEX module Bifrost finance successfully completed cross-chain asset transfer in Rococo V1-based local test network. Watch the video!
Bifrost Mint Drop event will start on Feb 8th. Check out the article to discover the new rules and understand the terms!
DARWINIA
After the successful launch of the bidirectional Darwinia - Ethereum bridge, Darwinia Mainnet progressive launch has come to the final the 4th milestone stage: Darwinia Mainnet Transfer open.
ACALA
Acala launches the Acala EVM. This innovation enables Acala to provide Solidity, Substrate, and Web3 developers a complete full-stack (Acala+EVM+Substrate+WASM) experience seamlessly with a single wallet.
KILT
KILT’s Path to Parachains: the project will participate in the first Kusama parachain auctions. After securing a slot, KILT will implement mainnet, PoS migration and governance, and then launch an upgraded of Polimec. Later KILT may bid for a Polkadot parachain slot. Details.
PHALA
Phala will start Vendetta 1605 Race V2 incentive: participants will run miner nodes according to the tutorial provided and earn “Fire II” miner points. Period: Feb 8, 2021 — March 5, 2021, prize pool: 100 000 PHA.
DOCK
Dock has shared the updated roadmap for 2021:
- Ledger Wallet Support
- Delegatable Credentials
- Chainlink Oracle Integration
- Transitioning to PoS
- Dock Server and Wallet
- Dock App
EQUILIBRIUM
Equilibrium has launched ETH bridge, which will make ETH and ERC-20 tokens fully compatible with Equilibrium‘s DeFi services. The bridge is bi-directional. For now it runs on the Equilibrium testnet and Rinkeby Testnet from the Ethereum side.
INTERLAY
Interlay has launched PolkaBTC parachain and connected it to Rococo on the 1st of February.
CRUST
Preview Network of the Crust - Maxwell (was launched on Feb 4th) integrates all core functions of Crust (staking, decentralized storage market, file retrieval mechanism, etc). Maxwell is a real economic system. Participants can swap CRU-ERC20 1:1. Preview Network announcement and detailed info.
PAID
Paid unveiled details of its Ignition incentive mechanism: it will include rewards for long-term holders of PAID tokens and IDOs launched through Ignition. Holders will be rewarded through a lottery process (proportional to their PAID holdings).
SUBQUERY
OnFinality presented SubQuery, a service that will allow users to extract, transform, persist, and query data (inspired by TheGraph). SubQuery Network aims to help Polkadot projects build better dApps by allowing anyone to find and consume data faster.
PARALINK
Paralink (Polkadot-based oracle system) has started developer testnet. It contains the first implementation of on-chain oracle quorums. This testnet is for Paralink developers and contributors to the Paralink Network Protocol and its tooling
HYDRA DX
HydraDX will be distributing xHDX via a Balancer Liquidity Bootstrapping pool starting on Monday 8.2.2021. xHDX is an ERC-20 representation of $HDX — the native token to the HydraDX Substrate chain. xHDX total supply is 500M tokens (5% of the 10b HDX).
POLKAPETS
Another batch of Polkapets will be launched on the 10th of February for sale on Bondswap and OpenSea markets. It will be cute creatures by Kylin, MANTRA DAO and BondSwap by Bondly. Details.
POLKAMARKETS
Moonrock Capital (blockchain advisory and investment partnership) had announced strategic investment and incubation of Polkamarkets - DeFi and Polkadot Powered Prediction Market.
KOREAN POLKADOT ALLIANCE
Rai Finance, STP Networks, and Cobak have joined together to form the Korean Polkadot Alliance (KPA), a non-profit consortium of industry-leading projects and teams in Korea that are building on Polkadot.
PARTNERSHIPS
Clover has achieved strategic partnership with Litentry to explore more possibilities in the adoption of Decentralized Identity (DID) in DeFi and cross-chain markets.
Both parties will proactively discuss the potential implementation of the staking of Plasm Network Token, PLM, onto Moonstake’s staking platform.
Razor integrates its decentralized oracle systems on Moonbeam. Razor’s Oracle network will be used by developers on Moonbeam to fetch real-time price feeds on-chain.
Zenlink (cross-chain DEX protocol) reached the partnership with Darwinia (cross-chain bridge chain). The two projects will jointly expand the cross-chain asset transactions in addition to the Polkadot parachain.
Tidal will provide Reef users with smart contract covers to promote increased user-protection. It allows users to create customized insurance pools according to their demand.
Bondly x Scale. The partnership will allow smoother and more efficient transactions due to Skale Network‘s layer 2 solutions.
Through this partnership, Razor (decentralized Oracle network) will use Paid_network‘s MVP for the business purposes, whitch will enable them to secure business operations and maximize productivity.
Kylin and Xangle (global crypto asset disclosure platform) will share various data feeds (on-chain and off-chain data), and Kylin will help Xangle utilize analytical functionalities regarding Polkadot on-chain data.
NEW PROJECTS
SubQuery
Transform and Query the world’s data for a Web3 future
Raze Network
Raze Network is a Substrate-based cross-chain privacy protocol for the Polkadot ecosystem. It is built as a native privacy layer that can provide end-to-end anonymity for the entire DeFi stack.
