Dodow

No Matter Hack, DotSama’s Secure! (July 29th - August 4th)

What is up, my friends! Despite the long-term market downturn, distractingly warm weather, and recent events that absolutely rekt’d some wallets, amazing work continues in DotSama every week, and this week is no exception.

Key projects are offering long-term solutions to match your long-term DCA strategy; Acala’s collateralized ACA staking event, or Algem’s nASTR token, are prime examples. Bifrost KSM liquid staking and Parallel’s KSM staking are great spots to park your KSM with minimized risks.

If you’re a part of the BIG 1.25M KSM unlock, then you have several KSM staking options to choose from.

Snow, rain, or even sunshine, we build community and infrastructure. Kusama Kings completed their last auction, leaving the DotSama community wondering… What’s comes next for the Kingdom?

Subwallet and Talisman are expanding with built-in DeFi solutions, bridging the divide between EVM and Substrate. In fact, r/Cryptocurrency has chatted with @birdo about Talisman EVM in their discord channel.

Beyond the walls of DotSama, we see connections to many projects, including Alchemy launching their dev platform on Astar (and hopefully other parachains soon) and Moonbeam working with the Ethereum community at ETHToronto this week.

TOP NEWS OF THE WEEK

Moonbeam went into Maintenance in response to the Nomad Bridge Hack

But Ser, what about that bridging hack!? First and foremost, this had nothing to do with Moonbeam’s technology or runtime! Yes, Moonbeam put the chain in maintenance to protect the network during the Nomad Bridge Hack. Having sudo access to halt block production is a responsible feature of young projects.

Still, we need to recognize the risks of DeFi. While third-party bridges are separate from parachains, their integrations carry risk to a network’s safety and total value locked. Additionally, participating in dApps that use bridged assets carries the risk of asset pools trending to zero.

Don’t be fooled! Mint-to-burn, atomic bridging, or lock-and-mint… any bridge has risks. The answer is to diversify across parachains and ecosystems and remind ourselves to only experiment with what we can afford to lose. It’s easy to get too bullish on our favorite projects.

Polkadot has a few answers to bridging. First, we have the transfer of XCM assets. Today, that means transfers are completed through the relay chain via HRMP (in the future XCMP will enable efficient cross-chain transfer).

We also have common good parachains that allow trusted parties to mint and transfer custom assets directly into Polkadot–that is, without using third-party bridge. USDT anyone?

The third solution comes from Darwinia’s Helix bridge. One layer of the Helix bridge will employ light client cross-chain bridging that can be widely applied to different ecosystems.

While none of these solutions are without risk, they are a demonstration of how the Dotsama community is building answers to the problems we face in DeFi. Now on to the usual flurry of news and content!

Speed Reading

Integritee have now won a Polkadot Parachain Slot

Nitty Gritty

  • Logion is a “future parachain” working on saving your will to the blockchain.

  • Ruby gets the one-click node deployment service from OnFinality. The collaboration facilitates many advantages such as: the simple and rapid process of spinning up dedicated nodes, high scalability possibilities, cost-efficiency, and automated monitoring metrics for nodes. NOTE: Ruby Protocol is a cross-chain, privacy-first infrastructure. Its FE substrate-pallet allows for privacy-first smart contract DApps to be built on its chain.

  • Polkadot Naming System (PNS) partners with Subquery. PNS will allow you to use the .dot domain name to represent your wallets, NFTs, and other resources. The integration provides data accessibility for PNS, allowing PNS to query user on-chain data quickly.

  • Amplitude provides a quick recap and status update of its roadmap as we are nearing the launch of its parachain.

  • Nodle now supports the official Polkadot Public Key format (SR25519), this will allow users to import their nodle account to any third-party wallet.

  • Check out Phala’s Weekly report. You will find the usual development progress, the latest on the transfer of PHA tokens between ETH and the Parachain, news about HRMP channels, treasury proposals, and Phala World news (including the NFT diversity of their awesome shells).

  • CLV partners with Metabit, a blockchain platform that focuses on large-scale commercial applications with an emphasis on forming an ecology.

  • Zenlink portfolio’s can now be tracked using Debank.

  • Subsquid’s Calamar Explorer is now live. It is a tool derived from a recent Polkadot Hackathon

  • Sora has on-boarded a builder on the Sora Builders Program called the ABED group developing Advanced Digital Asset Routing (ADAR). Catch up on this and more in Sora’s biweekly updates.

  • Builders can consider giving a try to the new API for transaction history & staking analytics that the Nova team developed on SubQuery.

  • Imbue Network has been accepted into Substrate's builder's program. They'll receive support from Parity in building their platform.

  • As per the Moonbeam Network TG, it has gone into Maintenance Mode in order to investigate a security incident with a smart contract deployed on the network. Following an investigation, there was no evidence to suggest the incident was related to the codebase.

  • Check out the article from Manta on Trusted setups. It gets into using ZKP on the MantaPay App. Looks into how keys are generated with a secret number. With the approach of secure multiparty computation within the trusted set-up ceremony, keys along with secret numbers (deemed toxic waste) are output. It is generally understood that with hundreds or thousands of participants one party will destroy the toxic waste, and in doing so makes the keys secure.

  • Nodle’s smartphone-powered decentralized network reaches a milestone of 500k token holders.

  • Polkadex partners with Subsquid, and as expected they will use Subsquid's API for Transaction Monitoring and Indexing Solutions for Polkadex Users.

  • Interlay Vault rewards are now ready to be activated.

  • Centrifuge introduces insights, which is a dashboard with charts and KPIs that provide the outlook of its ecosystem.

  • Sirius Finance has announced their IDO on DaoLaunch which will start on 11th August with 3 rounds. Dal Stakers will have a guaranteed allocation, whilst the last round FCFS. Further details can be found in the article here.

  • Avault has partnered with and integrated Unstoppable Domains. The partnership will allow Avault users to easily use Unstoppable Domains to login.

  • Edgeware partners with Dwellir. Naturally, this would revolve around Dwellir providing public RPC infrastructure for the Edgeware network.

  • Ruby, a cross-chain privacy-first infrastructure has partnered with Subsquid for faster, more efficient access and management of different data sets.

  • Basilisk has announced the winners of their 8 weeks Hackathon organized by Amsterdot. Kodadot won a prize for integrating an NFT marketplace. Whilst a team called Entity 54 won with their cross-chain transfer solution called Morph.

  • Subquery partners with Gafi Network which is a decentralized blockchain platform looking to bring Gamefi to Dotsama.

  • The second distribution of $TUR by the Turing network was distributed on the 4th of August. Here’s a video showing the tokenomics and release dates of tokens.

  • Astridao partners with OnFinality, it offers their powerful APIs, one-click deploy collator nodes, and overall easies their DevOps situation.

  • CLV has been successfully audited by Beosin.

  • Check out the article where Darwinia introduce their Universal Cross-chain Messaging SDK. It covers their solidity library, an example using their Helix Bridge, and future plans with it.

  • The Phala stake pool description function has launched, and pool owners can now add contact information like Twitter, discord or emails, or even announcements to their pools.

  • New XCM Channel opened between Interlay and Moonbeam.

  • Starfish Finance, a Defi and NFT-fi platform building on Astar have announced their IDO for their $SEAN token. 3 rounds starting in September, via Tokensoft, and shall be utilizing USDC on the Astar Network. Check out the article here, for more details including whitelist, unlock, and vesting period.

  • @Blinkinchaos provides a tweet suggesting you listen to the Polkadot community with a link supplied.

  • Alchemy which is a Web3 developer platform has partnered with Astar. Alchemy aims to be the starting place for developers considering building a product on top of a blockchain or mainstream blockchain applications. The Alchemy tools will first be available on Astar parachain, and also the first instance of a collaboration with the DotSama ecosystem. They will be compatible with EVM, as well as working on WASM tooling. Hereis the official announcement from Astar.

Astar's exciting partnership with Alchemy featured in the news and content this past week

Content creation

Messages From the Treasuries

  • Moonbeam with multiple announcements this week in the wake of the Nomad Bridge Hack including the launch of TokenPocket, a partnership with Bit Hotel a social based play to earn metaverse based game, and support for MyEtherWallet. To learn more about Moonbeam’s Maintenance Mode and the mechanisms in place to activate it - check out this article.

  • Moonbeam has also announced xciBTC and xcINTR integration allowing for cross-chain instances of the Interlay tokens in preparation for vault launches this week.

  • Another extremely important update as Moonbeam announces an upcoming EVM-to-XCM upgrade which will allow for numerous cross-chain use cases to arise from Polkadot’s secure cross-chain messaging format.

  • Subsocial announces @tnathanielk has won a prize through the Decoded Hackathon by building a dApp on subsocial! Check out the other submissions for the hackathon on this Subsocial thread. Finally Subsocial has listened to community feedback and now allows a user to choose between the current editing option and markdown features as well.

Crowdloan Updates

  • @brhnk61 has been keeping the WagMedia community updated with what’s happening with the Parachain auctions with his nicely done twitter posts. Here’s one example for this past week.

  • Integritee Network wins slot 23 Polkadot Parachain with 108160 DOT contributed.

  • Kylin is launching its crowdloan on August 28. Here is the announcement blog article.

  • Altair wins Kusama parachain auction 46, with a win rate of just 3.36%. It surprisingly beat out both Basilisk with 81.66% and GM with 14.96%. Candle auctions bringing the drama!

  • Rewards were distributed to those who participated in Litentry crowdloan via Parallel Finance.

Altair surprisingly won a recent Kusama auction with a low amount of blocks won via a self-funded bid

What's in Your Wallet?

AMA and IRL Events Round-up

Plenty of Darwinia AMAs keeping us informed!

Translating DotSama

Some excellent translations and non-English original creations, which you may find fitting to share with family, friends, and neighbors around the world.

NFTs and the Metaverse: The Heartbeat of Dotsama

This past week we bid a farewell to Kusama Queen's auctions, get a chance at Unique's Substrapunk campaign, opportunity to mint Skybreach OST, see details on PhalaWorld's Cyborg shell, and add Astar Troopers to the watchlist!

  • DPS new mint is in 12 weeks with new contracts, a Pirate Rental system, and v2 UI fixes.

  • Athos Finance has created an NFT collection for participants who contribute in their IDO, based on the amount contributed. There will be use cases in the Athos Ecosystem.

  • Short video by RMRK, explaining premium lands for Skybreach. A quick short on Mana Generation and its use cases on Skybreach.

  • Skylabs revealed their Ravens. Just accept the new resource and a R4VEN will be dropped to your wallet.

  • Akroart Gallery shares its functions, current status, future plans, and how each piece is made.

  • Hog Lordz holders will get a new collection airdropped to them on Singular, Fungi and Gardens will be a RMRK 2.0 collection. Additionally, their final mint is coming soon.

  • Donnie is trying to get Pondsama to work on Telegram, and mentions the Moonsama Battle Engine. Raresama plans to launch on Moonbeam in the next few weeks, with a chance to win a free NFT by joining their telegram group. Donnie shares a first look at Raresama, an NFT marketplace on Moonbeam, and he mentions an NFT airdrop.

  • Track NFTs on Moonriver, Karura, Acala, Kusama, or Polkadot with https://web3alert.io/

  • Under from @undergraphics has taken to twitter with a couple of threads including backstory and details on Cheeseverse which will launch on Raresama NFT.

  • Kusuma Queens Last Rare and Ultra Rare Auctions have concluded, with only one Queen left to be auctioned.

  • Kusama Dragons continues its auctions. Kusama Dragon’s Evrloot Egg is revealed, clearly holding an explosive for Alchemist, berserker sword, and eagle as pet for the ranger.

  • MoonriverBAYC mint is on 31st July 2022.

  • PhalaWorld’s Cyborg shell looks awesome.

  • InvArch may revolutionize NFTs primitives.

  • Cosmize partners with Algem, reveals first avatar outfits, and teases room designs.

  • Skybreach has released a Skybreach OSTcollection via the dutch auction on Singular. Artwork by EJVII. In other Skybreach news, rarer Kanaria birds increase Mana token production (utility token within Skybreach ecosystem) in Skybreach, as well as having more weight in governance.

  • Voting for substrapunks is open for Unique Network. The highest voted substrapunk will be bought for 100 KSM and partnered with #cryptopunk3042, AKA Monique. They’ve also released an upgrade to their marketplace with transaction sponsorship so that listings are now free, improvements on the filter for searching for NFTs, and the ability to find more information on previous sales.

  • Governance NFTs have been distributed for Kusama Referendum 215, 212. The first Shelf Decoration Collection for Governance NFTs is live and the first 3 Items are up for sale. It is purely cosmetic.

  • Kuegg hatching will need an incubator.

  • Dino x Dino has an airdrop coming soon.

  • Birb Tapes Vol 3 artwork and snippet has been revealed.

  • Bit.Country Metaverse News episode 6 is out, and it is having 7 Pioneer Spot auctions, and, here are some unique designs from team itself.

  • The Rad Planet associated with Luigi Lucarelli leads to a “Rockets to the Moon” project with Luigi listed as a team member.

  • RMRK Punk owners will be able to use their sprites in the upcoming top-down pixel town of Tortuga (soon to be released by the Damned Pirates Society). They will be able to interact with the pirates and play some games (such as liar's dice) there. For now, every RMRK punk owner will have 1 sprite. Other projects may also be integrated to the pirateverse in the future

  • Youdles is a new collection that will be composable, and also, integrated with Invarch.

  • Ajuna does an AMA with Darwinia.

  • Enjin releases the eggs of entropia, an NFT auction for special NFTs on their new marketplace NFT.io.

  • There are four days left in the Squid Squad Official Release giveaway event.

  • Mysterious Monsters is auctioning monster egg 300.

  • The new NFT collection from artist LokiPages is dedicated to female beings in Slavic mythology.

  • The Chronicles of Before and After AI Awake have been added to Phala's website.

  • Some alpha on Soul Bound NFTs on Evrloot, including that Soul Bound NFTs are designed to be used as a save state for the character and their progress in the game, recording the paths they took.

  • The beta version of the Bounce Finance metaverse center is live. Bounce finance is a Web3 marketplace protocol across different ecosystems including Dotsama.

  • You can use your Astar Neo Kabuto to play a P2E card game, NFTWars.

  • Some awesome participation info on Bit.Country's Pioneer Alpha Testnet.

Some utility of the Squid collection has been revealed in the SFY discord.

  • Baby Kusama Dragon Egg has been revealed.

Content creation

  • @bahu Summarizes sale details and benefits of Metaprint's Phala Social Hub Pass

  • @kryptoschain Updates us on where Skybreach stands today.

  • @Rainin | RMRK (α,α) Makes a video featuring Neon Crisis and on Moonfit.

  • @bahu summarizes the benefits of Nojax’s new collection.

  • @pnin Prior to the Kusamarian episode, Pnin interviewed Ramz of Astar Troopers and reviewed the project.

And don’t forget the daily RMRK Recaps from @MARI0:

RMRK Daily Recaps Jul 28, Jul 29, Jul 30, Aug 2.

DeFI

DotSama Defi protocol's allows for some juicy stake! Various news & content featuring staking opportunities this past week
  • Nomad Bridge hack-related news:

  1. Some insights into the high stolen amounts regarding the Nomad hack. NOTE: the Moonbeam team suspended the network to mitigate the exploit.

  2. Rugdoc was early to report the Nomad bridge hack on Ethereum chain.

  3. Zenlink puts out an update on the status of the Nomad token bridge hack.

  4. Given the situation, with the Nomad hack Stellaswap are in touch with the Nomad team to find technical fixes to recover funds. In addition to the Ethereum-Moonbeam bridge being disabled, the Athos Finance IDO is also postponed.

  5. As a result of the exploit, Solarbeam deactivated affected LP pools after the incident.

Content creation

Governance

Via governance we now seeing plenty of channels - this past week various announcements and content on channel's being wagged!

  • Kusama Referendum 218 to open HRMP channels between Statemine and Shiden has now passed.

  • There has been a submission on SushiSwap’s governance platform to become a Polkadot Parachain. This is a detailed post by Parity’s BD lead, Eric Wang. There are many very impressive points that are worth diving more into here.

  • Kintsugi continues with fair use of governance as they decide to remove the vault theft reporting mechanism. Although this may sound risky, learn more about their motivation behind this improvement here. They also may be moving closer to aUSD as vault collateral and opening up iBTC vaults this week!

  • There was a hiccup with Robonomic’s HRMP channels with statemine, therefore there is another proposal making its way up to remedy this issue.

  • There is ongoing discussion about funding efforts at the upcoming event in Rio De Janeiro; Blockchain Rio. Learn more about the initiative through this discussion post on Polkassembly

  • Polkassembly’s UI not your favorite? Check out Subsquare! They now fully support all Polkassebly comment and discussion posts.

  • Check out the proposal to open HRMP channels between Calamari and Statemine.

  • Referendum 219 has passed to allow Heiko to swap their lease into their new parachain slot.

  • The Council is considering a proposal for Polkawatch a developing tool to measure the active decentralization of Polkadot and Kusama.

  • Looks like aUSD will soon be united across Karura and Acala resulting in one fungible stablecoin across the Dotsama ecosystem.

  • @Blinkinchaos figured he might as well bring some attention to Kusama Treasury Governance cause it does have some really awesome parts. Check out his thread.

  • @pitcoin provides us with some updates on Governance 2 in his thread.

  • Check out this amazing article by @Je that highlights the details of Jur Network, an up and coming project.

Rumors & Alpha

Do Your Own Research! These finds are unconfirmed alpha in Dotsama

  • Zeitgeist was in Decentraland, what can they be up to?

  • SiO2 (Defi lending dApp on Astar) is expected to launch its mainnet at the end of the week.

  • Some excellent insight from @PJS. Check it out, and wen DotSama article? According to a recent article by Unstoppable Finance titled “Why Solana is more decentralized than you think”, it turns out Polkadot is three times more decentralized than Solana based on their respective "Nakamoto coefficients" despite Polkadot having only 15% as many validators as Solana. Put another way, while Solana "has a better distribution of stake across its validators than other networks such as Cosmos or NEAR", Polkadot blows Solana and every other major Proof-of-Stake (PoS) network out of the water when it comes to the decentralized distribution of block validation. Put yet another way, Polkadot's level of security is currently unmatched by any PoS-based network. Nobody is even remotely close.

Beginner’s Guide

New to Polkadot? Or maybe you have some friends who keep coins on a CEX but haven't become a part of a community yet? Share this with them to get them started! It will be updated weekly with new content and is open for changes. Feel free to leave a comment and I'll add content that's needed.

The Hitchhiker's Guide to Dotsama

Another mind-blowing week! Our WagMedia discord is the primary source for most of the content in this newsletter – thanks a ton fam! These are just the highlights, for more in-depth news join the discord and get incentivized to learn more about the ecosystem and provide news, alpha, and content to us all. As always, I’m open to feedback and I hope you find this helpful. Looking forward to yet another week of exponential growth in the DotSama ecosystem.

What is WagMedia?

WagMedia Discord.

Jay Chrawnna’s The Kusamarian channel provides us all with extremely entertaining updates on everything DotSama. Here is the playback listing of the past week:

  1. Fiat on the Blockchain? Polkadot & Kusama Weekly News Friday Alpha Dump - SER, Have ya’ Heard?

  2. This Test Net is Incentivized - Manta Network's Dolphin V2 for Private Transactions on Polkadot.

  3. Kusama NFT Projects on the Radar - P-Ninja in da' Streets.

  4. Speed, Privacy, & Polkadot all in one? - Csaint's Alpha Shots.

Looking for more to read, why not check out the other works by the Wag Weekly Squad: Pnin, Csaint, Jb_blah, and Dodow.

Tips appreciated

KSM

GL85fwNiFfUqkCcmtrq7eD5DphB1QWJrxkgMme5qdSuFfap

Metamask

0x66b9f30B38Cb6d61374D15D8A9D220561E715995

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DodowPost author

Dotty WagMedia Guy

WagMedia Weekly News

News you need to know to stay on top of significant DotSama developments. Courtesy of WagMedia and Polka Häus

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WagMedia Weekly News
News you need to know to stay on top of significant DotSama developments. Courtesy of WagMedia and Polka Häus