PoS Round-Up is our focused biweekly report on the major news in and around the Proof of Stake ecosystem
The latest addition to the “Weird DeFi” cohort is SushiSwap, whose SUSHI token has reached well over $1B in total value locked and a market capitalization of over $250M in just a few days. The project aims to capture liquidity from Uniswap by offering a governance token to draw liquidity providers to the platform. Some are calling the project’s launch the beginning of a “liquidity war.”
Ethermint v0.1.0 was released last week. Ethermint is a Tendermint-based Proof of Stake blockchain that is fully compatible and interoperable with Ethereum.
CosmWasm, which aims to bring multi-chain smart contracts to the Cosmos Network, has launched another testnet, GaiaFlex. Unlike the permissionless Coralnet testnet, GaiaFlex is permissioned, which means on-chain governance must approve the deployment of each smart contract.
Price oracle Harbinger is now live on the Tezos mainnet. Because DeFi protocols rely on decentralized price oracles, the Harbinger project is a necessary tool for the development of a DeFi ecosystem built on Tezos.
Developers have been invited to test what the Rainbow Bridge can do in the Hack the Rainbow hackathon, a two-week event starting September 15.
Coda Protocol is gearing up to release Pickles, a toolkit for deploying private, scalable smart contracts to the Coda blockchain network. Unlike most zk-SNARKs, Pickles’ zk-SNARK does not require a trusted set-up.
IRISnet’s DeFi and interchain Testnet Bifrost is set to launch tomorrow, September 2. Bifrost introduces many new features, including an NFT module, oracle function, and RNG function. Bifrost will use the same version of the Cosmos SDK as Cosmos Stargate.
The 100x DOT redenomination took place on August 21, as scheduled. The event marks the first action taken as part of the network’s decentralized governance.
We’ve released two more entries in our Ethereum ecosystem list series: