Some New Found Chaos! (October 7th - October 13th)

What is up, my friends!

The evolution of Polkadot and Kusama continues nicely, with arguably the largest volume of news and content of the ecosystem being shared and created via WagMedia.

In keeping up with the staggering flow and to foster further growth, there is a new tweak to the way that awards are handled. Directors will award based on what they value the post as, whilst the Concierge will re-calculate that amount distributed based on the tier of the individual who submitted content.

To recap, there are two tiers for finding news: Tier 2 gets 50%, and Tier 1 gets 100% of the awards. For creating content there are three tiers: Tier 3 gets 30%, Tier 2 60%, and Tier 1 gets 100% of the awards.

These changes are only applied to specific channels. Treasury channels, lingo channels, marketing channels, writers' room, and events-watch are not affected. With this change, it is easier to see how work is valued.

We encourage participants to learn from posts from fellow waggers. Show appreciation with an upvote when admirable content is found. For instance, @Curley, @gambo, and @Darkspark have recently been finding and showing high quality news. For creators, check out the recent videos by @MaxTheo, threads by @TheFVK or @pnp, and articles by @Crane or @Vampsy, amongst many others.

Understand that not every find or creation can obtain the maximum award. As finding news is based on the source and its delivery, sometimes less is more. Whilst content creation tends to be underpinned by your research, script, and how the audience is engaged.

As participants grow and take on new approaches, their rewards will grow with them. We encourage everyone to level up both in quality and tier.

TOP NEWS OF THE WEEK

Newness was also the common theme across the two top stories covered within WagMedia this past week.

MangataX became the first parachain within the ecosystem to experience a novel governance attack. As per the article released by the team on October 8th, the hacker temporarily seized control of the council, before authorizing the transfer of funds (11,700 KSM) to the hacker’s wallet.

It was a sophisticated attack, which involved a strong understanding of parachain and governance mechanics, as well precise timing. The Mangata team managed to regain control of the council quickly and enacted a number of responses to the situation.

Firstly, user funds are not affected, as treasury funds were used to replenish liquidity pools. Subsequent steps have been primarily focused on Kusama governance.

A governance discussion kicked off over the weekend, which included a bounty of 10% of the amount stolen to catch the hacker. The discussion quickly turned into Referenda 237 to enact a forced transfer to return the funds from the hacker’s wallet. Unfortunately, the hacker managed to swap the funds for ETH and bridge out via Moonriver which resulted in the team recommending everyone to reject the vote as it was no longer viable.

The “Attempts At Governance” stream, as hosted by Jay, provides more details about this story as well as other governance news.

Whilst it is unclear if there could be some proposal to the Kusama treasury that could help with the lost funds, details of this novel attack are now known and hopefully parachain teams have taken precautions against similar attacks.

On a brighter note, the other top news story is Basilisk’s Liquidity Bootstrapping Pool (LBP) event, which was used for the price discovery of Tinkernet’s parachain token.

Whilst LBPs are not new, it was the first time it’s been done on Basilisk, which is also the first parachain with the primary use case as a liquidity protocol. For those unfamiliar with LBP, it is a smart contract pool designed to allow for fair price discovery of a token whilst using relatively small upfront capital.

As with all LBPs, the starting price of the token is usually “overpriced” to prevent whales or bots from buying and dumping during the event. Similar to dutch auctions, the price drops over time. Upwards momentum is only created as individuals buy, so the general guideline is don’t hastily ape in.

In addition, gas fees being really low on Basilisk, a unique 20% “repay fee” was introduced. This effectively means that while there is no fee for buying, a 20% “repay fee” would be incurred if sold during the event. Conversely, the pool pays the 20% “repay fee” as it’d be selling when you buy. This “repay fee” only applies to transactions until the “repay target” for the event is met, which further keeps the bootstrap costs low.

Lasting three full days, the LBP consists of two pairs: TNKR/KSM and TNKR/BSK. Extensive support includes a participation guide, support from wallets, various AMAs, and dedicated content created by @Crane, @usafmike, @DrCAO, and also by the Kusamarian.

As this is written, the LBP is finishing, and subsequently, the opening of XCM transfers so crowdloaners who received Tinkenet tokens can trade them on the snek app.

Additionally, the top 20 LBP participants will win the YoudleDAO NFT giveaway, whilst existing YoudleDAO ticket holders are expected to receive a Tinkernet airdrop.

Now, on to the usual flurry of news and content!

Speed Reading

Be a part of Web3 privacy history by taking part in Manta’s trusted setup!

Nitty Gritty

• Manta has opened up registration for community members to participate in Mantapay’s “Trusted Setup”.
• Check out the latest Messari Polkadot Q3 report. Highly recommend you read the TL;DR from @Curly which was converted into a Twitter thread!
• GIANT (Global Internet Access Network Token) protocol integrates with Circle’s USDC, allowing users to purchase prepaid mobile data packages in 118 countries. Here’s the video of GAINT’s presentation at Decoded, perhaps we shall see them with a parachain in the future.
• Here’s Darwinia’s September monthly recap, which provides comprehensive news, updates, and community events this past month.
• Delegations and the Vietnam panel are the highlights of Phala’s latest weekly report.
• Bittensor is a distributed machine learning/artificial intelligence project with plans for a parachain. Here’s a video that provides an investor take an analysis of the project.
• Further to the Mangata hack, proposal 106 has been tabled quickly for a force transfer to return the KSM taken.
• Those who participated in the Tinkernet Liquidity Bootstrapping Pool may have seen the guide here.
• Energy Web puts out an article about US Inflation Reduction Act (IRA) and how its Data Exchange solution would be complementary.
• Check out the video here, which explains Peaq’s Vision in 90 seconds.
• Enroll for free educational courses about Web3 and Polkadot that will begin on October 27th as Web3Foundation joins edX Online.
• Astar creates more awareness in Japan via its partnership with Oasys, which is focused on public blockchain gaming and has ties with SEGA, SquareEnix, and Bandai Namco.
• NFT migration, notifications, and Spacers NFT are covered in Subsocial’s September recap, as well as the complementary thread here.
• Coinversation announces its cross-chain crowd-funding platform. Here’s an article that provides a sneak peek at their UI, and outlines the roles of the creators and investors.
• Wave 15 of Web3 Foundation Grants includes 37 grants covering various categories such as chains, pallets, UI, and more.
• Integration between Crust and Gear starts off with Crust's decentralized storage supporting Gear's testnet. In turn, there is the intention to support anyone building on Gear Protocol when they eventually go live with their mainnet.
• Authtrail has rebranded and is now known as Apillion, they are a toolbox services platform for developers looking to build in Web3. Perhaps the name change was a talking point at the Polkadot meetup in Slovenia alongside KodaDot on October 13th
• SubQuery announces a new Moonbeam integration course, it’s free and can be assessed on the Moonbuilders academy web page.

Content creation (Tier 1 & 2 Creator)

$Poop continues to dominate content creation, with @pnp, @MaximV, and @MaxTheo showing us how. NOTE: Image is taken from @pnp’s awesome thread!

• @kryptoschain dropped a number of videos this week: Calamari staking (includes Basilisk LBP and Moonbeam referendum), Bitcountry land sales, Edward Snowden's possible interest in Polkadot (includes the latest Polkadot news summary), and coverage on Polkadot and Substrate courses as well as a discussion on the 50k Polkadot Decoded NFTs.
• @pnp created various content this week: a thread on the mighty $POOP token, an overview of Bobabeam L2 on Moonbeam, and aNewsletter covering The Land of the Raising Sun accepting Astar (which had support in the writer’s room).
• @pitcoin writes a thread on how to get involved with the Polkadot and Kusama communities. He also does a piece on Astar in Japan, which includes a Portuguese-translated version.
• @MaximV explores $POOP capabilities in a thread, as well as some news on $POOP in another thread here. And here’s his TFA weekly that covers $POOP
• @MaxTheo produces a video on $POOP and here’s the supporting tweet.
• @DrCAO drops a video about creating a governance proposal on Opensquare for new Parallel Finance listings.
• @DrCAO produces a video that headlines Google accepting Crypto with Coinbase for Google Cloud service. It also has news covering Bitcountry land sale, wave 15 Web3 Grants, Tinkernet LBP, YoudleDAO, and Polkadot crowdloans.
• @goku dives into Kilt in the thread and subsocial that he wrote.He also writes a thread and subsocial on SocialFi with an emphasis on Subsocial and its SpacersNFT collection. Also, here’s his thread on leveraging existing parachains solutions for a multiverse bridge.
• @MarcoRo makes a thread about Subsocial.
• @JB created a Reddit post to increase engagement with an upcoming Astar tech talk.

Messages From the Treasuries

• Subsocial’s Spacers NFT is launching soon, and there may be a way to get an early bird whitelist…maybe. They also announced the launch of a developer playground that allows devs to experiment with Subsocial’s API. Learn more here
• Moonbeam with a litany of announcements this week as we start with Bepro Network announcing launching their v2 platform to allow for organizations to create custom bounties with their own branding and style.
• Remember those Moonbeam proposals we discussed last week? Well StellaSwap and Moonwell’s proposals have passed with over 1000 votes from various community members. Learn more about the new Interim Grant Program by checking out this article or listening in to this twitter space. Ready to vote? Check out the proposal here
• Listen to the twitter spaces recording of Axelar and Moonbeam discussing the bright future of cross-chain applications, and the announcement of the winners of the Connected Contracts Hackathon. Check out the list of winners here
• Boba Network is an optimistic Layer 2 rollup that has now gone live on Moonbeam! Firefly, a perpetual swaps and options platform, announced a guarded launch on Boba in the wake of the news
• Moonbeam has integrated with Ren Protocol to bring in the well established custodial bridge that already has connections to Ethereum, Avalanche, Polygon and more
• Moonbeam announced a builder’s program to help teach developers how to integrate SubQuery’s Indexer.

Crowdloan Updates

The Green narrative continues to take shape as DAO IPCI and Bitgreen both won parachain slots with self-funded bids

• Check your wallet if you crowdloaned to Bajun, as the TGE happens on October 10th.
• Snow crowdloaners can check their rewards breakdown here.
• Genshiro has reached its max contribution cap of 2K KSM, and is currently leading the 56th Kusama Parachain Auction, here is the timeline from parachains.info.
• DAO IPCI wins a Kusama parachain slot with a self-funded bid and only 111KSM was needed.
• Bitgreen wins a Polkadot parachain slot with a self-funded bid.

What's in Your Wallet?

• Nova Wallet is now supporting cross-chain transfers centered around BSX and KSM, perhaps good timing for the Tinkernet LBP.
• You can now see Substrate and Ethereum notifications, as well as easy NFT navigation with the Talisman update. NOTE: you need to grant permissions on your browser.
• Zeitgeist Prediction Markets is now supported on Nova Wallet through its DApp catalog.
• Darwinia Network now supported by Nova Wallet.
• Nova Wallet now supporting Polymesh, who are a public permissioned blockchain built on Substrate.
• Moonbeam’s xcUSDT (the cross-chain variant) is now supported by Nova Wallet.
• A new safety feature comes to Talisman, it’s an auto-lock timer where you can pick the time frame to lock your wallet when idle.
• @birdo wrote an article about onboarding new users and getting started with Talisman.

AMA and IRL Events Round-up

• Pendulum’s community call on October 13th featured Manta, Bitcountry, InvArch, and Gear. Here’s the link to the recording.
• Listen to the recording of Episode 2 of InvArch’s Tinkertalks on October 11th.
• Here’s the recording of a session on Kilt Protocol for the Spanish community, which happened on October 11th.
• The CTO of Pendulum was on the main stage as a panelist at the Meridian 2022 Stellar event on October 13th.
• Polkadotter’s hosted an AMA with HydraDX/Basilisk team on October 11th, you can listen to the recording here.
• Get tickets to an event that covers privacy on Moonbeam on December 6th.

Polkadotters doing a good job with hosting AMAs, this past week they did one with the HydraDX/Basilisk team, previous ones include OriginTrail and AstridDAO

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.

• You can find most of the Non-Anglo Content generated through WagMedia here.
• In the German channels, @Neo_krypto_dudes translates a fairly technical article on Lightbeam, DID, and stabelcoins. They also recorded a podcast interviewing Halaster about Moonsama.
• The Spanish channels ramps up the content, @rocoscape covers Polkadot Roadmap, @CAN writes about $POOP, @Nachito puts out a couple of threads on Sub0 and Light clients, and @maczam123 drops a couple of videos on Darwinia.
• @kryptoschain dropped a number of videos this week in the Romanian channels: Calamari staking (includes Basilisk LBP and Moonbeam referendum), Bitcountry land sales, Edward Snowden’s possible interest in Polkadot (includes the latest Polkadot news summary), and coverage on Polkadot and Substrate courses as well as a discussion on the 50k Polkadot Decoded NFTs. @kryptoschain also did an intro video on Manta & Calamari. @db1108 resumes his translations of Polkadot Weekly digest.
• Over at the Portuguese channels, @Johnrhodel translates Bitfrost’s eth staking article. @Maria_Clara shows us her proof of work with Parallel articles on Cross-chain bridges, farming, and Liquidation free loan.
• In the Italian channels, @Yamne translates an article on Substrate marketplace.
• @Mehdi dropped the following Efinity video here in French.

Content Dojo (Tier 3 Creator)

Watch out for Subsocial’s Spacers NFT, as a few waggers created some content for the bounty campaign

• @aemonk created an Overview about Blacksquare the conceptual Blockchain Art project. It’s a must read!
• @brhnk61 continues to provide update on the latest rowdloans on Polkadot.
• @pnin, @Csaint02, @JB, and @Dodow deliver another recap of the weekly news Resume the Chaos.
• @w3n_blinkin makes sure the Polkadot universe Don't space out on SubSocial Spacer NFTs and argues we should also Keep and eye on POOP token.
• @Daredevil3x7 gives insight into Spacers NFT from Subsocial chain.
• @Abdulaziz explains what nomination pools are.
• @Pikki created a short ad for Bifrost project and a comprehensive Infographic on Bifrost.
• @Paulkadotter publishes their regular weekly news from Kusama & Polkadot #49.
• @ShakurHarun shows the properties and perks of Subsocial’s SpacerNFT.
• @dotgraphic makes in infographic on how to transfer EDG.
• @FVK amazing thread on Cross-Chain POOP.
• @Abdulaziz’s thread explains POOP using codebase token standard xc-20 and how xcm enables its functionalities.
• @0xMenna shares how Subsocial can benefit from the ink! Framework, describes the Potential of Spacers NFT on Subsocial, and a use case for RMRK NFTs.
• @Neo | Krypto Dudes Podcast interviewed @Halaster in German talking about the Samaverse and $POOP.

Still, lot’s of $POOP in the dojo:

• @gambo shares the benefits of POOP as an xc20 token.
• @Jumai explains POOP as an xc20 token.
• @Invisible loves POOP as an xc20 token.
• @ShakurHarun explains the benefits of POOP being and xc20 token and
• And, @amedkarim similarly lists the perks of having POOP as an XC-20 token.
• @mohammedaliyu001 discusses POOP as an xc20 token.
• @Hugoranking backs up the other Waggers on how great POOP is.
• @smdawudeen talks about POOP.
• @johnnytheman227 is also happy that POOP is an xc20 token.

NFTs and the Metaverse: The Heartbeat of Dotsama

Metaverse land sale, project updates, new launches, airdrops, and more are covered in this image!

• Skylab dropped red and blue card holders Frostfire cases.
• Kodadot covers @ohayokeithy, an NFT artist focused on mythical characters. The first 100 followers of Kodadot on Crowdcast will receive a limited NFT by Kodadot.
• Subsocial shares more info about their Spacers NFT collection.
• Public Pressure launches the ¨Hidden Elements Genesis¨ NFT mint.
• YoudleDAO announces a Giveaway for top contributors of their LBP. Tickets leap into 4th place of ALL TIME sales on Singular.
• Several Evrloot Updates are rolling out in the next three weeks. Three new fish have appeared in Trakan related to the time of day. Evrloot also releases a dashboard which shows gameplay analytics.
• DPS is creating a whitelist for Gen 1 Mints from fellow Dotsama communities, along with more details on their v2 collection on Arbitrum. They have also launched a raffle.
• Candy girl is coming next week.
• Bit.Country podcast episode 15 is out, and their land sale explained.
• Exosama and Gromlinscan now bridge.
• PhalaWorld reveals another sneak peek of a Shell NFT.
• Unique Network’s September update highlights punks for the people, token listings, and their parachain auction win.
• A new video emerges covering RMRK.
• Substraknights will be dropping unique backgrounds that allow you to quest for specific gear.
• Referendum 229 NFTs and 230 NFTs are in wallets that voted.
• Hog Lordz new Raresama collection is teased: Hogtailz, Monsterz, and Mythz, which are in the Bestiary for the Hog Lordz universe and showcases creatures and legends for their upcoming RPG.
• The Dystoy NFT was airdropped to Stargazer holders. It’s redeemable for a physical toy.
• Canary Network Agency just announced the reveal of their first phase will be on Oct 19, with rumors about a presence on Raresama.
• After fleeing Russian conscription, Harunoheart started a new NFT collection called NEW HORIZONS.
• RMRK DAO is a project in beta that aims to give owners of RMRK 2.0 NFT collections the ability to vote on proposals so long as they hold an NFT from that collection.
• After Midnight is the continuation of Midnight club by Rich Valentino. Only one test edition has been minted so far, but keep a sharp eye out.
• RMRK just dropped a video about RMRK v3.0.

Content creation (Tier 1 & 2 Creator)

• @Crane posts on behalf of his partner without Discord for creating an Infographic on YoudleDAO.
• @DrCAO covers PARA, HKO, and YoudleDAO.
• @prophet writes an article on $POOP as an xc-20 token standard within Polkadot's design as well as another twitter deep dive on $POOP.
• @Everythingblockchain covers $POOP next, and then again.
• @pitcoin.spacelabs.astr creates a thread on Astar Sign Witch.
• @MaxTheo explains the Bitcountry Metaverse Land Sale.
• @DeFi_Jedi hypes GLMR Apes and Moonfit.

DeFI

Somewhat quiet with DeFi news this past week, as the Tinkernet LBP on Basilisk tugs our attention!

• New HRMP (Horizontal Relay-routed Message Passing) Channels have been Opened between Interlay and Astar Network, allowing the transfer of new assets between parachains.
• On 6th October 2022, Mangata X was targeted by a governance attack which resulted in attackers gaining voting rights of the on-chain Council for a brief time.
• The Rococo testing of the Tinkernet LBP on Basilisk happened!
• InvArch team has released a guide for participation in its Tinkernet liquidity bootstrapping pool (LBP). On Oct. 13 there were 2 Liquidity Bootstrapping Pools launched: TNKR / KSM & TNKR / BSX. The LPB was integrated into Nova Wallet.
• DOT holders on Cosmos can trade DOT asset with the Kujira’s order book after the proposal passes voting. DOT will be listed on Orca, allowing users to buy liquidated DOT from Acala.
• Stellaswap gives an overview of the next incentivized liquidity farms to reignite it’s platform after the Nomad Hack. The team also released a guide on how to transfer DOT and bridge USDC & ETH.
• A sneak peek The Cross-Margin NFT lending protocol Paraspace is built by Parallel Finance.
• Equilibrium completed its closed beta.

Content creation (Tier 1 & 2 Creator)

• @PNP writes all things Polkadot. Starting with a thread on Interlay iBTC & DOT making a splash on Kujira,
• @DrCAO created a tutorials on InvArch-Tinkernet LBP on Basilisk, USDT cross-chain feature on Parallel, and Staking KMA on Calamari Network.
• @Mike AF demos using two ways to Transfer KSM to Basilisk for TNK LPB.
• @paulll overviews Pendulum Fiat to DeFi Architecture.

Governance

The governance hack on MangataX was one of the top stories this past week

• MangataX suffered a governance hack when an anonymous user overtook the council and force sent over 11K KSM to a wallet and has since distributed the funds making them unrecoverable. Fortunately, the Mangata team has fronted these funds to allow operations to continue. Learn more about this hack and how Magata handled it by watching Attempts at Governance from The Kusamarian. Referendum 237 was opened to force return these funds, but since the attacker already moved them from this wallet, the referendum is now useless.
• A proposal is live on Parallel Finance to list $POOP as part of $PARA and $USDT liquidity pairs on Parallel’s money market; it’s currently passing unanimously. Interested in how to propose something on Opensquare? Check out this stellar video from @DrCAO
• Check out this impressive proposal from DeStore, a decentralized Web3 based merch store, who is experimenting with merchandising in the paraverse. Learn more about what they offer by diving into their proposal. Check out this video to see an example of their online store.

Rumours & Alpha

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

• Darwinia’s Helixbridge becomes the first Substrate to ETH2.0 asset bridge using a light client-based cross-chain message network. Routes from ETH2.0 to parachains are coming, apparently, there is a queue of interested parties.
• Bobabeam L2 on Moonbeam is super fast.
• After Midnight is the continuation of Midnight club by Rich Valentino. Only one test edition has been minted so far, but keep a sharp eye out.

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. Blockspace Markets, KILT on $DOT, Privacy, Fiat, Talisman, & $POOP! - SER, Have ya’ Heard?
2. Building Polkadot and Kusama with Parity Tech's Shawn Tabrizi - Space Monkeys Crypto Podcast 72.
3. AAG #5 - LIVE! - Attempts at Governance on Polkadot and Kusama.
4. Evrloot, EVE, and the Play to Own NFT Gaming Model - PNinja on the Road.
5. Making Polkadot the MOST Carbon Conscious Blockchain w/ Sequester & Bitgreen - Csaint's Alpha Shots.
6. Learn How to Transfer $KSM to Basilisk & Participate in Liquidity Bootstrapping Protocol Events!

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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