State of Stake #30
Tags: Technology, Staking, Cryptocurrency, Proof Of Stake, Blockchain

State of Stake is a series of curated news, research, updates, and events in the Proof-of-Stake ecosystem. Stay informed with the biggest PoS networks and all things Staking. Now weekly! This is our 30th report that we are happy to release it in collaboration with Staking Rewards! Staking Rewards provides trusted access to all passive income opportunities with regard to digital assets. They are curating knowledge and data to build a healthy staking and DeFi ecosystem. Staking Rewards’ core focus are Proof-of-Stake Protocols which enable passive returns through staking. They also cover Masternode Coins, Dividend Tokens, and Lending Protocols. In this update, we examine the period from 27th August — 3rd August with a general overview of the market, highlighted research in the space, news on all launched staking networks, updates on all the upcoming PoS networks, the latest developments from staking infrastructure providers and a handful of staking-related events.

Cosmos is currently positioned on the 7th place by locked in staking, right after the recently released Band Protocol. This is especially interesting since Band Protocol is built using the Cosmos SDK!

Minting Mechanism for Proof of Stake Blockchains by Dominic Deuber, Nico Döttling, Bernardo Magri, Giulio Malavolta, and Sri Aravinda Krishnan Thyagarajan

In this work, they initiate the study of minting mechanisms in cryptocurrencies as a primitive on its own right, and as a first step to a solution to mitigate coin hoarding in PoS currencies they propose a novel minting mechanism based on waiting-time first-price auctions. The main technical tool is a protocol to run an auction over any blockchain. Moreover, the protocol is the first to securely implement an auction without requiring a semi-trusted party, i.e., where every miner in the network is a potential bidder. The approach is generically applicable and they show that it is incentive-compatible with the underlying blockchain, i.e., the best strategy for a player is to behave honestly. Their proof-of-concept implementation shows that the system is efficient and scales to tens of thousands of bidders.

IRISnet Launched DeFi and Interchain Testnet Bifrost

Based on the latest version of the Cosmos SDK, irishub has made significant updates, undergoing functionality developments and crucial upgrades. The Bifrost testnet will test unique and innovative DeFi functions, including NFT, Record, Oracle etc. At the same time, Bifrost will test the integration of the new version of the Cosmos SDK and test the multi-Hub collaboration as well as existing IRIS Hub functions such as CoinSwap through the IBC protocol.

The Elrond Mainnet Token Swap Begins on Binance, And The New Economic Model Is Set In Motion

The new Elrond economic model is now ready to start an accelerated and sustained growth period. Starting with the 3rd of September they will officially begin the swap from ERD to eGLD. eGLD will be the native currency of the Elrond economy, and all ERD tokens will gradually be swapped to eGLD tokens. The eGLD ticker is an abbreviation for eGold, denoting the simplest, and most intuitively powerful metaphor of what the Elrond currency aims to become.

COTI Pay VIPER is here

A staking 2.0 console will be added to the wallet before the next staking cycle starting on October 1st, 2020. As the year progresses, they’ll be adding more features, such as an iOS/Android native apps, Multi-Asset support, Optimized Fiat On-Ramp, 1-click payments, DeFi, and Virtual Debit Card.

Stats of StakingDrop : Over $200M Bonded, Mainnet is Coming

More than $205M worth of staked assets have been bonded across 1767 addresses. In fact, 20% of the staking amounts were new staked assets and 40% are NEW staking addresses. This yet again shows that StaFi doesn’t only make staking liquid and enables new DeFi products — but also increase security of PoS networks

Got ETH? Time to prepare for Ethereum 2.0 by JK of Stake.fish

You have some idea about Ethereum 2.0 (if not — check their previous blog post). You know Phase 0, the launch of the Beacon Chain, is coming soon. You know it’s a groundbreaking upgrade. You know you’ll be able to stake. But, why should you stake in the first place? Are there any risks associated with staking? What do you need to do as an ETH holder to get prepared? This article will explore these questions today and help point you in the right direction as you start contemplating what to do with your ETH.

Cosmos Stargate Upgrade review: what’s new by Everstake

Recently, the Cosmos blockchain network released a major update to Stargate, which is aimed at increasing transaction throughput, cross-chain cryptocurrency transfers, speeding up and simplifying the development of the user interface, and more. In today’s review, they talk about what’s new came after the Stargate update and why this update is so important for the Cosmos ecosystem.

…and a lot more!