The bridge to London crossed and DeFi’s largest hack in history
PoS Round-Up is our focused biweekly report on the major news in and around the Proof of Stake ecosystem.
PoS Round-Up is our focused biweekly report on the major news in and around the Proof of Stake ecosystem.
Ethereum
- The London Hardfork was activated and the much awaited EIP-1559 was implemented that integrated a transaction fee predictability mechanism including fee burns. Over $100 million in ETH has been burned! You can view the burn action here:
- https://watchtheburn.com/
- https://ultrasound.money/
- $611 million was stolen from cross-chain protocol, Poly Network, last week. The networks affected included Ethereum, Binance Smart Chain, and Polygon. In a series of bewildering Ethereum transaction data exchanges with the community, the hacker has since begun returning the stolen funds.
- https://twitter.com/PolyNetwork2/status/1425073987164381196
- https://twitter.com/WuBlockchain/status/1425835786197299202
Polkadot
- An important runtime upgrade, Referendum 30, was passed for Polkadot that improved communications protocols on the gossip topology and efficiency in collation.
- https://github.com/paritytech/polkadot/releases/tag/v0.9.8
- Motion 102 was passed to fund PolkaWorld, the largest Chinese Polkadot community, to support operational expenses for the next 3 months. Breakdown in the costs cover articles, interviews, meetups, workshops, and hackathons.
- https://polkadot.polkassembly.io/motion/102
- OKRs of the Polkaworld contract: https://docs.google.com/document/d/1IF69BmfIq0eb4J17Vgq7-we8DarFUZDvg5bmUQ9dhe0/edit#
Cosmos
- Ethermint, an EVM on Cosmos powered by Tenderming BFT, is finally going live on testnet! Mainnet launch is anticipated for Q4 launch.
- https://twitter.com/ethermint/status/1425034112738336769
- We officially revealed our grantfish validator that exclusively uses rewards to donate to support the cosmos ecosystem
- https://twitter.com/stakefish/status/1425520062446845958
Tezos
- The 7th upgrade to Tezos, Granada, is now live providing block time reduction, gas improvements, and public goods incentivization through liquidity baking!
- https://twitter.com/tezos/status/1423588645785776129
- Tezos DNS verifications were released where you can now link a website to your Tezos profile account!
- https://twitter.com/tzProfiles/status/1425477497769054217
- TZ APAC also announced their Ecosystem Growth Grants to support developer relations
Cardano
- A testnet for Cardano’s smart contracts are now live with the Alonzo Purple update. They are now onboarding users. Smart contracts on Cardano are on track for September.
- https://twitter.com/InputOutputHK/status/1423704788512952331
Solana
- Solana celebrated a milestone of having over $1 billion USDC in circulation in their ecosystem
- https://twitter.com/jerallaire/status/1425211375261978626
- Wormhole, a generic cross-chain messaging protocol was announced connecting Ethereum, Solana, and Binance Chain
- https://twitter.com/solana/status/1424750346170208260
- Star Atlas, a Solana native metaverse has been bubbling with activity before launch and ecosystem support.
- https://twitter.com/staratlas/status/1425321495622979587
Polygon
- ZEIP-1, a ZRX DAO treasury allocation proposal was announced to continue the 0x Ecosystem Value Experiment (0xEVE) to support users to the Polygon Network via 0x-powered applications.
- https://0x.org/zrx/vote/proposal/1
- Volmex Finance, the tokenized volatility protocol, was launched officially on Polygon
- https://twitter.com/0xPolygon/status/1423325104281243648
The Graph
- The Graph launched the largest bug bounty program in the world at $2.5 million with the Immunefi bug bounty program.
- https://twitter.com/immunefi/status/1425204813306875905
Near Protocol
- Near announced a series of hackathons for a total of $1 million in prizes
- https://near.org/blog/metabuidl-build-the-metaverse-at-near-hackathon-with-1m-in-prizes/
- RPC as a service is now available and sharding will be launched in Q3-Q4
- https://gov.near.org/t/engineering-weekly-update-2021-08-09/4302
Kava
- Kava Swap is coming soon and they have focused on delivering a cross-chain compatible AMM!
- https://twitter.com/kava_labs/status/1425253778534457351
- USDX on Kava has hit an all time high of $100 million in marketcap
- https://twitter.com/kava_labs/status/1424113117391376385
Casper Labs
- The v1.3.2 update to Casper Network has been pushed out for mainnet bringing valuable changes to validator activity and peer authentication
- https://twitter.com/Casper_Network/status/1424867724220637190
xDai
- Dark Forest, an MMO space-conquest game on xDai announced Round 3’s objective to race to the center of the universe
- https://twitter.com/xdaichain/status/1425073736357658634
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