State of Stake #26
Tags: Cryptocurrency, Staking, Crypto, Staking Rewards, Blockchain

Some key takeaways:

Proof-of-Stake Chains Team Up to Prove DeFi Is Bigger Than Ethereum

Meet Anchor, the new decentralized finance (DeFi) platform from Terra, Cosmos, Web3 Foundation and Solana, is being designed to launch with a governance-token reward. Version 1 is going live in October, according to a Terra co-founder.

Medalla, Ethereum Phase 0 multiclient testnet, is live

Medalla is a platform for testing the updated Ethereum 2.0 network features. With its help, validators will participate in staking throughout all the main stages of ETH 2.0 development, receiving real rewards for voting and adding new blocks in GöETH tokens.

Cardano’s Shelley is delivered

The new Shelley mainnet introduces Cardano’s proposed Proof-of-Stake (PoS) layer, which allows users to contribute to the transaction validation process either directly (by operating a stake pool) or indirectly (via delegation) in exchange for staking rewards. The first rewards distribution will occur on Aug. 18.

Elrond Mainnet Launched After Testnet Hits 260,000 Transactions per Second

High-performance blockchain project Elrond launched its Mainnet on July 30, along with a new DeFi app, staking and a raft of new features. Its ERD token has been on fire this month in the lead-up to the long awaited launch. The launch follows successful testnet results with more than 1,500 nodes in 29 countries, and 50 shards, running at extremely high speeds with a peak of more than 260,000 transactions per second.

Pocket Mainnet Went Live on July 28th

This release is putting some final touches with improvements and enhancements to the existing protocol. Some of the important features and improvements are: AAT now printing as json string and not bytes, enhanced proof entropy and flush to disk; remove all receipts to alleviate large state size, and more!

Stargate — a new era for Cosmos

The biggest event in the ecosystem since the launch of the Cosmos Hub. Stargate is a set of upgrades that complete the original roadmap laid out in the Cosmos Whitepaper. For the first time ever, Cosmos blockchains will be able to connect using the first standardized protocol for inter-blockchain communication (IBC).

Bluzelle Moving Towards the Mainnet

Get ready for 8 August! This is a whole new chain with a new chain ID. The reason for a soft mainnet is they want a smooth transition to the newest version of Tendermint+Cosmos. Before going to Phase 2: Production Mainnet, they must ensure that the chain (BluzelleNet) is secure and stable. A significant highlight in Phase 1 is the ability to stake BLZ and start earning rewards. Delegators and validators who join will earn real tokens for helping to secure the network during this transition to Phase 2. Phase 2 will launch September 8.

Introducing Aavenomics

This release will add AAVE Staking that will be secured specifically by Safety Module, staking mechanism for AAVE tokens to act as insurance against Shortfall Events. Stakers earn AAVE as Safety Incentives along with percentages of protocol fees.

Announcing Mission Control: The Graph’s Incentivized Testnet

Mission Control is a competition where Indexers can operate nodes, complete missions and contribute to improving The Graph Network ahead of mainnet launch. Over 15 node operators, including Figment, Staking Facilities, Certus One, Staked, Chorus One and Bloq, have already entered the mission control center by pre-registering for the testnet.

For the full update, please tap here.