1/ @KaruraNetwork just announced their liquidity mining program with 350,000 $KAR in rewards.
The program started on Sep 28 and anyone can earn $KAR when staking $KSM for $LKSM, the yield-bearing liquid KSM staking derivative, or become an LP in the new LKSM/KSM pool.
2/ The liquidity mining program has two ways to earn:
- Stake $KSM for $LKSM, and earn by staking newly minted $LKSM (Rewards: 100,000 $KAR).
- Stake $KSM for $LKSM, then provide liquidity for the new LKSM/KSM pair (Rewards: 250,000 $KAR).
3/ In case you wanna learn more about $LKSM Liquid Staking in action, join their Crowdcast on Sep 28 at 9pm UTC at crowdcast.io/e/ksm-liquid-s…
Just like the software stack, every complete decentralized ecosystem needs each component to play an integral role spanning all areas including DeFi, Privacy, DAO, IPFS, DEX, Bridge etc
Let's deep dive into $DOT Tech Stack and explore from layer 0 (Relaychain)to layer 2 (dApps)
1/@AcalaNetwork is the All-in-one DeFi Hub of Polkadot, which aims to make DeFi more accessible than ever. Until now, their team has developed the features including DEX, Lending, Borrowing, Bridges, Staking, etc. You can experience them at: apps.acala.network.
2/@Plasm_Network is a scalable smart contract platform on Polkadot supporting cutting edge layer 2 solutions. It is built on Substrate & designed to be a Parachain. Plasm aims to make ETH 2.0 on Polkadot. @kwikswapdex is the first multi-chain DEX on Plasm
1/Introducing @Ternoa_ - an NFT-based decentralized data transmission blockchain.
It facilitates the transmission of data by locking them in secure NFT digital capsules.
Built on @Polkadot, Ternoa brings the security of decentralization to data transmission.
2/Ternoa Main Point
There have undeniably been huge advancements in the field of data storage & transmission over the last few decades. However, the field still has some notable vulnerabilities. Most data storage has too few points of failure.
3/Blockchain, meanwhile, can create a network that’s completely failsafe. The security of decentralization means there’s no one point of failure that can make the network unstable. Ternoa are harnessing this power to revolutionize the data storage and transmission industry.
The $KSM parachain auction is on the verge now & all is looking forward to seeing it. The preparation for the parachain rollout has come to the final steps. Despite the fact that the market is in a correction phase, DOT's projects are still busy preparing for the auction on KSM
Last week, the ecosystem has welcomed a lot of good news from different projects including the launching of new canary network & product, the closing of financing round.
Let’s together summarize severals highlights of last week and wait for more new updates in the near future.
1/@current - a leading U.S. financial technology company has partnered with @AcalaNetwork . The partnership has brought Hybrid Finance (HyFi) combining both traditional and decentralized financial applications.
1/Speaking at #Consensus2021, @gavofyork expresses that currently, EVM is still very popular for most of blockchain developers & @Polkadot will always be ready to support EVM. However, he also emphasizes that for the long term, WebAssembly will be a smart contract replacing EVM.
2/“I can’t deny that a lot of people are already using EVM, so it’s super important to support these legacy protocols, these legacy languages, and that’s what we’re doing with Polkadot,” Wood said in a pre-recorded interview. coindesk.com/events/consens…
3/Dr. Wood pointed out: “It’s foolish to just throw those away. But it’s not foolish to start thinking about where the next thing is, and that for me is using WebAssembly as smart contracts.”
Introducing @DarwiniaNetwork Crab
1/Crab Network is the canary network of Darwinia, and is the first blockchain in the @kusamanetwork ecosystem to natively support cross-chain as well as smart contract & NFT. Crab intends to participate in the Kusama Parachain Slot Auctions.
2/Crab Network will have all the core technologies that Darwinia Network have and also it will be a place to test out new cool features and if these new features are stable enough then it will be applied to Darwinia Network on the @Polkadot ecosystem.
2-2/Features that Crab Network will have:
- Cross-chain Interoperability
- Evolution Land
- Smart Contract Solution
- Faster and Easier User Experience
#6 Khala Network ($K-PHA) is the @PhalaNetwork pre-mainnet on $KSM, which is a privacy-preserving cloud computing service and runs as a parachain on @kusamanetwork.
1/Khala offers computing power comparable to existing cloud services but which protects the privacy of managed programs. Based on TEE-Blockchain Hybrid Architecture, developers can deploy confidential smart contracts running inside TEE Enclaves in CPUs.
2/Khala can apply new tech & test out their performance and stability to see if they are worth applying on the Polkadot.Khala will utilize all of the core underlying tech stack such as: TEE Mining, Gatekeepers, Governance Module... & these features are continuously innovating.