State of Stake vol. 37
Tags: Blockchain, Staking, Finance, Proof Of Stake, Cryptocurrency

Paradigm’s biweekly update on Proof-of-Stake ecosystem, 13th November — 26th November

Global Market Overview

The current Staking Market Cap (valuation of all projects that have a staking mechanism) is now about $45.6 billion USD, while two weeks ago it was $35.5 billion.

During the last 2 weeks Average Total Staked % and POS Dominance were both hovering around 21%.

Now, the leading projects by locked in staking are Polkadot, Cardano, EOS, Tezos, Algorand, and Cosmos. Avalanche is currently rated 7th.

Current Value in Staking by Asset

Think & Stake

by Sheikh Munir Skh Saad, Raja Zahilah Raja Mohd Radzi

There are a lot of consensus algorithms that are using in blockchain. Determining the leading research area and finding the best key of consensus algorithm is the motivation of this study. Thus, this study investigates how consensus algorithm areas of research can be determined by study on the Proof of Stake (PoS) and Delegated Proof of Stake (DPos). Besides that, this research study about the key parameters that are being used in these two algorithms. In addition, after getting the parameters they measure the comparison in terms of their transaction per second, nodes, and block sizes. Furthermore, the authors conclude the efficiency of these two algorithms in terms of their scalability. Although DPoS performance is expected to be much better than PoS, the impact of parameters can be assessed and analyzed to see and prove results.

Proof-of-Stake Networks’ Updates

Ethereum 2.0 is ready to launch on December 1st: The amount of ETH deposited to the Ethereum 2.0 deposit contract rocketed past 524,288, cementing December 1st as the network launch date. The final 25% of the required ETH was deposited in just four hours.

Check out our recently-published ‘Defi in Ether’ — biweekly update on Ethereum DeFi ecosystem vol.18 full of news from the ecosystem.

The Avalanche-Ethereum Bridge: What You Need to Know: The Avalanche-Ethereum Bridge, using ChainBridge, is a two-way token bridge that enables seamless ERC-20 and ERC-721 transfers between Avalanche (via the C-Chain) and Ethereum. If you want to use ETH within decentralized applications on Avalanche, you will be able to lock WETH (wrapped ETH) in the ChainBridge contract, and an equivalent token on Avalanche will be minted. The Bridge can be used either by interacting with apps that integrate the Bridge or with an Avalanche-Ethereum asset swap app (coming soon). The testnet implementation of the Bridge will be secured by Avalanche partners Protofire, Hashquark, POA Network, and Avascan. Relayers will approve and reject transfers based on a vote made by all relayers. If the vote passes a certain threshold, the token transfer is approved.

Cosmos Stargate Testnet is live

Testnet plan:

Keys custody (signing, broadcasting, multisig) Legacy amino Voting to enable IBC and tokens transfer Creation of IBC tokens Relayer Simulated cosmovisor upgrade

Cosmos SDK v0.39.2 is out: A new stable release update has been released for the Cosmos SDK 0.39 Release Series, codenamed Launchpad.

Gaia Explorer in terminal: How to display a real time blockchain dashboard in your terminal.

ICF Update — Nov 17th: Cosmos Jobs Launches; ICF Engages Orijitech for Security Development; Hackathon V Concludes; ICF Joins Future of Cosmos Broadcast; and more!

Check out our latest biweekly update on Cosmos ecosystem vol. 35 covering the following topics: Stargate Testnet is here, Ethermint v0.3.0 has been released, Proposal 30 passed, Cosmos Jobs Board announced, Meet the HackAtomV winners, Oasis mainnet is live, e-Money mainnet successfully upgraded, Bluzelle partners with MANTRA DAO, Kadena will add Luna to Kadenaswap, and more!

Reef Finance Integrates with Kava to Offer World-Class DeFi Services to Users: The leading DeFi project in the Polkadot ecosystem, Reef Finance, has partnered with Kava. Reef will integrate IBC to create a cross-chain connection with Kava. It will be the first project built with Cosmos SDK to integrate with Reef.

Supply and Earn on HARD Money Market from Binance.com

Key Details:

Total rewards: 100,000 XPRT ($25,000 based on the latest valuation) Campaign duration: 21 days Start date and time: 26th November 2020, 12:00 AM PST (Block Height: 453,621) End date and time: 16th December 2020, 11:59 PM PST (Block Height: 672,440) Magic Transaction start date and time: 23rd November 2020, 12:00 AM PST (Block Height: 422,360) Network Rewards Pool: 80,000 XPRT AUDIT.one Rewards Pool: 20,000 XPRT

Quick guide to the Starname Manager: Some lines about how to start registering starnames and set up Starname profiles

AMA Community Call #6 — RECAP: Starname Manager launch and Uniswap listing announcement

The Akashian Challenge Phase 3: Rewards Overview: With 500,000 Akash Token (AKT) in rewards, and validators and developers joining from around the world, The Akashian Challenge Phase 3: Developer Operations will test the technical and social cunning through a series of tasks and open-ended challenges that get progressively more difficult. The challenges will be live during the week of November 30, 2020 — December 4, 2020 and the week of December 7, 2020 — December 11, 2020. Rewards from the first week will be posted on December 14, 2020. Complete results of rewards will be posted on December 21, 2020.

Akash Network Announces Integration Partnership with Cosmostation Wallet

Announcing Akash Advisor Brian Fox, Creator of Bash Shell

Oasis Mainnet: Ushering in a New Era of Privacy and Scalability: The Oasis Network is live! The Oasis Network Mainnet had a fully decentralized launch with over 70 independent validators. The Network has many exciting projects being built on the network including the CryptoSafe Alliance with Binance, privacy-first genome sequencing with Nebula Genomics, a Fortune 500 Healthcare company, and many more. The Network has a rapidly growing ecosystem of DeFi partners such as Chainlink, Balancer, and Meter, with many more coming in future weeks.

An In-Depth Look into the Bluzelle Staking Economics: The targeted APY for Bluzelle staking is 25% APY. This is equivalent to 0.06115% daily yield. Every day, the mechanism guarantees that the total rewards for the whole community pool is 0.06115%. That means if the whole pool has 10 million tokens staked, the total reward pool for the day will be 6115 BLZ. Bluzelle has allocated an annual BLZ rewards pools that will decrease over time. These rewards represent 10% (50M) of the total supply over four years. Unallocated rewards from the previous year will be rolled to the next year.

Tezos has successfully implemented the Delphi upgrade, decreasing gas consumption by 75%. Because there is a cap on the amount of gas that can be consumed in a single Tezos transaction, this reduction will enable developers to deploy more complex smart contracts. Supporters hope the upgrade will pave the way for the network to claim a stake in the DeFi ecosystem, which is currently dominated by Ethereum.

A New Stable Coin is Coming to Tezos

Tezos Community Rewards Winners — October 2020

Latest Tezos weekly:

Polkadot Digest 26th Nov 2020:

NEAR Wallet Staking Is Live: The NEAR Protocol often referred to as NEAR, is a decentralized application platform created to facilitate the future web and power its economy. For NEAR, the envisioned future web will have everything from new currencies to applications and, most likely, even whole new industries. After a successful few weeks for the NEAR network, the staking feature is now live on the Main Wallet. For a complete guide on delegating with the NEAR wallet, please click here.

Mooniswap brings its next-generation AMM protocol by 1inch to NEAR

Announcing the Solana Foundation Delegation Strategy: The Foundation will deploy an autonomous script that dynamically and uniformly divides and delegates a pool of 100,000,000 SOL in such a way to maximize the minimum number of unique nodes that constitute 33% of the global stake. Full details of the delegation strategy are provided in this article.

Solana Foundation Grants — Wave One: Solana Foundation announced the first wave of recipients into the Grants Program! Each of the 12 projects brings a talented team and a strong vision to the Solana ecosystem. From bridges to AMM — check the full list of projects via the link.

Announcing the Winners of Solana’s Inaugural Hackathon

rBridge Beta Officially Launched — A Cross-chain Bridge on Ethereum Built by StaFi

Injective Partners with Stafi to Enable New Staking and Yield Farming Opportunities using Substrate: This partnership will create a number of new opportunities not only for Injective and Stafi but also for the DeFi community as a whole as they look to introduce new forms of staking derivatives on the DEX moving forward. This also helps to further expand the planned integration with Polkadot.

Validators Queue opens on December 1st at around 14:12:24 UTC

Total weekly rewards increase from 4,000 to 5,000 eGold

Web wallet “Validate” section available for testing

581,900 $CVX were distributed 1268 COTI holders made a claim through the COTI Pay Viper wallet, 1126 of them are eligible to get $CVX Over 195M $COTI were put into the claim A total of 368.6K $CVX tokens were distributed to Native COTI holders (out of the 3.2M $CVX) The ERC20/ETH liquidity pool on Uniswap has grown to over 1M USD since last week, which means a growth of 27%

Mina Testnet 4.1 release is now live: Join the community and take part in testnet challenges for a chance to become eligible for the Genesis token program.

Upcoming Events

Major upcoming events by CryptoDIffer:

MISC

Getting closer to launch: The stakefish Batch Deposit Contract audit is complete.

[Ethereum 2.0 Explained] Part III by stakefish:

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