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Dot Leap 56: Arrival of the sssSnek
8th Parachain slot auction winner, minimum stake bond updated, Klever integrates Kusama, and more.
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🔴 ⭕️ Relay Chain
current staking rate 64% // ideal staking rate 75%
🔴 🏛 Governance
Referendum 34, increasing the minimum nomination amount to 120 DOT, has been passed and executed.
Note that if you are currently nominating with <120 DOT, this does not mean you will be chilled immediately! Chilling others is a manual process and is restricted unless there is a large number of nominators (>90% of the limit of 22,500).
There are multiple development efforts to reduce (and hopefully essentially eliminate) the minimum nomination requirement. See this Github issue for details. Kian also has a non-developer-focused update on these efforts along with a description of the problem here.
Merkle Science, in cooperation with the anti-scam community-led team, published a proposal for council feedback: the project aims to provide a solution for monitoring the Polkadot protocol to proactively and reactively fight the illicit use of the Polkadot tokens. More info on the proposal, along with the roadmap and budget can be found on the post.
After a successful integration to Kusama Network (you can review their proposal for Kusama here and here), Klever published their proposal to integrate Polkadot Network into their wallet. The wallet includes the following features: deposit/receive, withdraw/send, balance, History, bonding, staking and collection of staking rewards, swap, and restore/backup of address.
A new slashing event happened in era 470 and it remains unapplied until now. The operator, AllNodes, requested a cancellation based on the fact the event will ban them from participating in the 1000 Validator Program.
In their post, they mentioned:
"what led to slashing was us trying to move our node to upgraded hardware without knowing that the node instantly loads any new keys without having to restart. The plan was to turn off the old node after adding new keys to the new node before restarting it."
Unfortunately, Motion 111, looking to cancel the slash, has been rejected by the Polkadot Council.
A Treasury Proposal is under consideration by the Council to fund updating the Guide to Polkadot-JS.
Motion 110, for funding a Treasury Proposal for Subscan's operating costs from June to August 2021, was approved by the Polkadot Council.
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Kusama Updates ₑₓₚₑcₜ cₕₐₒₛ
🦅 ⭕️ Relay Chain
current staking rate 42.4% // ideal staking rate 72.5%
Currently, 2.096 million KSM, or approximately 18.2% of total issuance, are locked in either current crowdloans or for parachain slots.
Basilisk (aka Snek) won the 8th parachain auction, becoming the 9th parachain to connect to Kusama.
🦅 🏛 Governance
Motion 356, proposing funding for CHAOS 2021, a Kusama-focused virtual conference, did not reach majority. The proposer is now working on reducing the budget, as this was the main concern of the council.
Motion 358, to open the 9th parachain slot auction, has passed. This auction will run until Sept. 29 at approximately 10 am CEST.
Metrika published a proposal requesting funds from the treasury, aiming to provide a publicly available dashboard that exposes deeper operational KPIs and insights, allowing community members to analyse network activity, consensus participation, or RPC node performance. These real-time dashboards will be publicly accessible and will be revised and edited from time to time based on the state and priorities of the Kusama community.
They propose to develop three of these dashboards: a Network activity Dashboard, a Consensus and Staking Dashboard, and an RPC Activity Dashboard. Milestones, budget, and overall proposal can be found on the post.
The Klever team shared a report on the completion of Kusama integration to Klever wallet: including store, transfer, bond and stake functions, as well as browser interaction with dApps - more info on the completion of M4 can be found on the report.
⛓ Parachains, dApps, and others
projects connected to the DOT and KSM relay chains
Zenlink’s SlotVault is officially integrated with the Bifrost SALP protocol, providing users with the option to release the crowdloan liquidity.
» Bifrost Finance’s SALP (Slot Auction Liquidity Protocol) offers the opportunity to participate in Crowdloans without lockup, and to receive the reward of bidding on backed projects without losing staked DOT/KSM liquidity. For parachains bidding for slots, SALP attracts more backers who do not wish to lose opportunity costs, increasing the probability of a successful bid. Know more here.
Shiden deployed Solidity contracts by using Remix, Ethereum IDE. SDN token management on Metamask will be available soon after completing an audit.
Moonriver released a technical update for September. The updates include:
» Client release and runtime upgrades
» Moonriver design principles
» Performance enhancements on the horizon
Khala launched the Khala Secure Workers System, enabling Khala node operators and users to obtain Khala rewards by securing the network.
Bifrost released a new weekly report. The most notable update is the removal of sudo.
KSM Liquid Staking has arrived , and to celebrate, Karura launched a two-week liquidity mining program to reward the Karura community with 350,000 KAR.
KILT released a minor update to their mashnet node.
🔗 candidate Parachains, dApps, and others
projects that are not yet connected to the DOT and KSM relay chains
Phala partnered with Seedify to direct new blockchain game projects towards utilizing Phala’s decentralized cloud computing resources.
Parallel Finance has partnered with SubQuery.
SubDAO released a new chrome extension, ushering in a new chapter in DAO governance.
The 2nd round of Robonomics grant proposals has begun and will run until early March 2022. The Grant Program invites project proposals on topics including Networked cyber-physical systems, Multi-agent systems, Robot-as-a-Service, and others. Learn more
» Robonomics developers have implemented 2 important changes in the operation of the Robonomics parachain. The first is the inclusion of XRT staking, and the second is the launch of the first on-chain governance mechanisms. Learn more.
Composable Finance announced the release of an incubator pool, a staking program that distributes the native tokens of projects launched on their Kusama parachain Picasso (when it wins) to PICA stakers.
⚙ Core Stack
Low-level traits have been added to expose ERC20-like information about Assets. This means fungibles implemented with pallet-assets can now be exposed to userland and other code with familiar ERC20 lingo and compatible return types.
🌎 Community & Ecosystem
Gavin Wood posted Part 2 of his Polkadot XCM article series, which covers XCM versioning and upgradability.
Watch a replay of “Innovation in Polkadot DeFi” to hear from Kilt Protocol, Parity, Centrifuge, Interlay, Manta Network, and Parallel Finance.
Polkadot JS Extension is out with 0.40.2, adding support to Eth addresses on compatible chains, signing of raw data via QR, new metadata, and more.
Polkadot API 6.0.4 is out, a major version bump because starting with Metadata v14 chains will be able to expose full type information, preventing API breaks between runtime upgrades. This is due to this massive upgrade.
🌠 NFT Review
A weekly newsletter keeping up with the evolution of NFTs in the Dotsama ecosystem.
The $RMRK token has been minted and distributed.
Biggest NFT sale on Kusama.
Kanaria nets almost $1million in NFT sales volume in one week.
👷♂️ Jobs in Web 3.0
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That's it for this week - I hope this was as useful for you to read as it was for me to write! Many thanks to Bill Laboon for his daily digest, which helps me not miss some important updates!