DotLeap 62 - Polkadot Parachain Auctions are Live!
Picasso and Pioneer become Kusama parachains, first Polkadot parachain connected, Etherscan integrates Moonbeam, and more.
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🔴 ⭕️ Relay Chain
current staking rate 55% // ideal staking rate 75%
Following the passing of Referendum 42, 19 parachain IDs have been reserved; three parathreads (potential parachains) have registered (Acala, Moonbeam, and Astar); crowdloans are well underway, and auctions have started.
Kian has issued an update on how the work is coming along to reduce the minimum nomination amount on Polkadot.
Approximately 52.8 million DOT (~ 4.7% of total issuance) is now locked up in crowdloans.
Because most people were confused by the fact that their “dust” DOT will be reaped if they crowdloan an amount that takes them below 1 DOT, a change is being instituted to allow either a full crowdloan, killing the account, or keep the account alive and maintain a 1 DOT balance.
🔴 🏛 Governance
Referendum 41 has passed, allowing Shell to connect to the Relay Chain as Polkadot's first parachain. Shell will be been upgraded to Statemint in the future.
Referendum 42, upgrading Polkadot to runtime v9122, was passed. With this upgrade, parachain registration and crowdloans have been enabled for teams to kick off crowdloans process" or something like this.
Motion 123, a Treasury Proposal to fund a Polkadot for Beginners book, was approved by the council.
Kusama Updates ₑₓₚₑcₜ cₕₐₒₛ
🦅 ⭕️ Relay Chain
total supply - 11.5mil KSM || staking - 42.6% || parachains - 20.23%
Picasso by Composable Finance won the 13th parachain slot auction on 1 November.
Pioneer Network (canary network of Bit.country), won the auction for the 14th parachain slot on Kusama.
🦅 🏛 Governance
Referendum 150, looking to cancel a crowdloan, failed despite having a majority approval due to adaptive quorum biasing. For those unfamiliar with adaptive quorum biasing (how the passing ratio is determined), we recommend reviewing the wiki page on the topic.
Motion 391, to modify HRMP channel parameters, has been approved by the Council.
The Treasury Proposal for The DotSama Experience - A virtual journey through the Kusama & Polkadot Networks is under consideration by the Kusama Council.
On 12 Oct, an attack via XCM burned 1,001 KSM from the network, causing the total issuance to be incorrect. This motion, seeking to re-create that KSM to have the total issuance to be in line with what is expected, was approved by Council and is now up for a vote by the community in the referenda queue.
Motion 393, funding the creation of Speck, a user-friendly wallet for the Polkadot ecosystem, has been approved.
⛓ Connected Parachains, dApps, and others
projects connected to the DOT and KSM relay chains
Bifrost Finance introduced Lightning Redeem — the first Liquidity release scenario for users participating in the Bifrost vsKSM Mint Drop.
Standard Protocol was launched on the Shiden Network. Standard is launching MVP products — DEX and MeterUSD Stablecoin.
Zenlink is now officially launched on Moonriver and Bifrost! You can now visit and participate in yield events and earn ZLK now:
SubQuery released a technical update for November. Notable updates include:
Support for external chain-type files in project manifest.
Moonbeam EVM support.
As of November 11, KILT became a fully decentralized blockchain network. This means that BOTLabs GmbH, the company behind the development of KILT Protocol, has handed over decision-making to the community.
Moonriver hit a worthy milestone of 5 million transactions in less than 5 months of operation.
🔗 Candidate Parachains, dApps, and others
projects that are not yet connected to the DOT and KSM relay chains
The Sushi community voted in favor of launching liquidity on Kusama and Polkadot. Sushi is already deployed on Moonriver, where both SUSHI and MOVR will be used to incentivize liquidity on Kusama in an upcoming liquidity mining program.
Etherscan integrates with Moonbeam to create Moonscan!
Bit.Country Metaverse Network will make Subdao Network available for metaverse owners to choose as an alternative DAO for their metaverse on the network and make their assets available on the SubDAO network.
Phala Network will build the Phala World metaverse on Bit.Country for their community.
Phala co-founder Marvin Tong introduced Phala’s new product Fat Contracts in a detailed post. We recommend reading the article--it’s next-level stuff.
Patract released a Wasm Contract summary from the Alliance Members for October.
Moonbeam released a new monthly report for October featuring updates on integrations, ecosystem milestones, pending deployments, and community activity.
Bit.Country announced a partnership with MetaDojo to work in unison to bring the shared vision of user-created metaverses.
⚙ Core Stack
A new governance primitive is being built by Gavin Wood: Referenda pallet. The only description right now is “The Referenda pallet handles the administration of general stakeholder voting,” which indicates it might be used to replace or abstract away certain parts of the current governance logic.
🌎 Community & Ecosystem
Community member XyloDrone published an article on Subsocial explaining why the suggested Polkadot rebranding options don’t work.
There is a proposal for a StackExchange site specifically for Substrate developers, including but not limited to those building Polkadot and Kusama parachains.
Remember, when you are having trouble with, or don't know how to do something on, Polkadot or Kusama, you can check the Knowledge Base to see if there's a solution to your problem.
If you missed yesterday's Substrate Seminar on Pallet Fundamentals and Ways to Build With Them, it's available on Youtube.
The next Crowdcast on the APAC Hackathon is on 5 November at 13.00 UTC.
Phala is hosting the Phala Privacy Meetup in Berlin on Thursday 11th November.
Basinlogix, a platform for governance and management of groundwater, has launched v0.0.1.
New research from Samuel Häfner at Web3 Foundation shows that decentralized utility token ecosystems are generally efficient and demonstrates that Polkadot’s utility token model is sustainable.
Polkadot JS API 6.7.1 is out, with some maintenance and low-priority performance fixes. Additionally, a huge new performance upgrade is pending release, reducing time-to-interaction when loading Polkadot JS API from ~4s to ~1s.
The Polkadot JS Extension will now allow you to search for accounts and filter by keyword, allowing you to hide certain accounts during screencasts or just get around faster.
Substrate API Sidecar 11.1.2 is out with some low-priority maintenance upgrades.
🌠 NFT Review
A weekly newsletter keeping up with the evolution of NFTs in the Dotsama ecosystem.
RMRK Artist Spotlight with Valentine Kitchenzky.
Talisman is distributing the Spirit Key NFTs to early seekers.
The public sale for Dino x Dino Gen-0 NFTs is now live on Singular.
👷♂️ Jobs in Web 3.0
Want your ad here? Buy it on Singular.
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!