1/ 5 years since the concept of #parachain was presented by @gavofyork, @AcalaNetwork has become the 1st winner for #parachain #auction on #Polkadot! Their team has shown the true signs of resolution, steadiness, & determination. Keep up the spirit & enjoy your achievement today! 2/ As the #DeFi hub on #Polkadot, @AcalaNetwork has built-in DeFi protocols for application developers to leverage, including a decentralized stablecoin (aUSD), a trustless staking derivatives (LDOT), & a decentralized exchange.

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).

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.

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.

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/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…

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.

Top 7 Canary Network

#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.

https://twitter.com/phalanetwork/status/1388120312747761670?s=21

Top 7 Must-know Canary Network

#3 Moonriver - A canary network of @MoonbeamNetwork

Moonriver is the Kusama Implementation of the Moonbeam. It is like a place to test & deploy new technologies to see if it is stable enough to be deployed on the Moonbeam parachain on Polkadot 2/ Earlier Launch, Earlier Access
Since Kusama will enable parachain functionality in the first half of 2021, the Moonriver network will be able to deploy as a parachain before Moonbeam deploys to Polkadot.

https://twitter.com/MoonbeamNetwork/status/1394674440324141058?s=20

1/On May 19, @Kiltprotocol announced the launching of @social_kyc - a decentralised identity verification service.

With SocialKYC, users can manage, store & present their real-world credentials, as well as choose the elements of private information accessed by online services. 2/ To create SocialKYC, KILT Protocol has cooperated with Galaniproject, and it will be first implemented by some cutting-edge projects such as: @polkadex , @fractalprtcl , @SubsocialChain , @gameDAOco , and DeBio Network.
@christinemohan

Top 7 Must-know Canary Network
#1 @ShidenNetwork

1/Shiden Network is a canary network that acts as an R&D chain of @Plasm_Network. PLM token holders can claim SDN tokens, the native token of Shiden at a 1:1 ratio. Shiden will act as a multi-chain Dapp layer on @kusamanetwork 1-2/Kusama Relaychain does not support smart contract functionality by design. This is where Shiden Network comes in. Shiden supports Ethereum Virtual Machine, WebAssembly, and Layer2 solutions from day one. The platform supports various applications like DeFi, NFTs and more.

.@subdao_network has just completed a new round of financing from leading funds & individuals
@hypersphere_ @HuobiVentures @okex_ventures @cmsholdings @Signum_Capital @NGC_Ventures @DFG_Group @LD_Capital @IllusionistGRP @DealeanCapital @divdotvc @DFG_Group @KeneticCapital 2/ SubDAO is a DAO infrastructure based on @Polkadot, where any decentralized organization is allowed to conveniently create and manage a DAO. SubDAO does not only connect DAO with DApps to realize DAO’s cross-chain management, but also bridges Web 2.0 and Web 3.0.

Top 7 Must-know Canary Network
#1 @KaruraNetwork

Karura aims to be the first project to lease a parachain through a crowdloan on the @kusamanetwork , and it is designed to function as a hub for decentralized finance on the blockchain, similar to Acala's role on @Polkadot 1-1/The Kusama network has a near-identical codebase to Polkadot, and Karura also bears many similarities with Acala. Both platforms are fast-paced, efficient, inexpensive to use and sufficiently secure for all kinds of financial applications.

PolkaWarriors x @polkaprojectcom Weekly Issue 19

1/One of the most significant developments of @Polkadot ecosystem was announced several days ago. Parachains crowdloan & auctions are expected to be on the verge of launching after @gavofyork post on Twitter.
$DOT $KSM 2/The whole community is longing to see major updates in the near future, which has made $KSM & $DOT ’s price hits new ATHs

Everything will start with the crowdloan & auction, & in order to launch, each project must first secure a parachain slot on Kusama by winning an auction