Plasm Network will all a multi-currencies and tokens pallet soon! With this upgrade, you will be able to use the following coins & tokens on Plasm Network:
• Acala native token (ACA),
• Acala stable coin (AUSD), 
• Polkadot native token (DOT), 
• Wrapped BTC (XBTC),
• Liquid DOT token (LDOT),
• BTC wrapped by RenVM (RENBTC), 
• Shiden native token (SDN),
• Plasm native token (PLM)

Plasm Network will publish a demo soon. Detail is here!
https://twitter.com/plasm_network/status/1358058167901380612?s=28

**About the Plasm Network**
Plasm Network is a multi-virtual machines scalable smart contract platform on Polkadot supporting cutting edge layer 2 like Rollups. Plasm Network is a scalable smart contract platform on Substrate and a potential future Polkadot Parachain. Shiden Network is a canary network of Plasm Network. They plan to connect Shiden to Kusama.

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Plasm Network will integrate a multi-currencies pallet

Plasm Network is a multi-virtual machines scalable smart contract platform on Polkadot supporting cutting edge layer 2 like Rollups

Smart contract is one of many critical success factors of Ethereum Network. But the problem Ethereum Network is facing now is lack of the ability to extend. Polkadot project is on its way to solve that scaling problem but its Parachain, by design, does not support smart contracts. This gives Plasm Network an opportunity to fill in the gap. Plasm Network is a scalable and interoperable infrastructure for Web3.0. Since Plasm Network is built with Parity’s Substrate Framework, it can be a Polkadot Parachain which acts as a scalable smart contract platform in the future. One of the most crucial demands of DApps Developers is scalability. With Plasm Network, DApps Developers can build whatever applications they want without having to consider its scalability. 

Rating: 5(DOT) 
More: https://dotmarketcap.com/coin/plasm

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Outstanding project:  Plasm Network

*Binance just led a $2.4 million funding round for Plasm Network, a multi-VM scalable smart contract platform on Polkadot ecosystem. This fundraising round has the participation of top funds: Haskey - DFG - LongHash - Paka Fund.*

On Feb 9, 2021, Sota Watanabe - CEO of Stake Technology and also Founder of Plasm Network - announced a $2.4M fundraising round led by Binance Labs. This round has the participation of HashKey, LongHash, Digital Finance Group, and PAKA Ventures. The funds from this round will be used by Plasm Network to increase the development of Ethereum bridge, the building of on-chain governance and Network Portal. This will be a stepping stone to make Plasm Network become the first parachain of Kusama and Polkadot. 

*“We have been very impressed by Plasm Network’s growth since its launch. The first parachain connected to the Rococo-V1 Parachains Testnet is one of the most promising parachain candidates for Polkadot mainnet. By investing and supporting Plasm, we are demonstrating our commitment to supporting the growth and development of the Polkadot ecosystem.”* said Wei Zhou, Head of Binance Labs.

*“Plasm is our first Polkadot accelerator project. We are excited to continue to support Plasm in becoming the leading smart contract platform in the Polkadot ecosystem.”* Emma Cui, CEO at LongHash Ventures

*“Since we began investing in Polkadot and the Polkadot ecosystem, we have thought that interoperability is one of this protocol’s key strengths. Aside from a very strong team, Plasm addresses a critical interoperability issue and bridges Polkadot with Ethereum, which will bring a great number of experienced teams to this ecosystem. Additionally, Plasm has been consistently proving the quality of its products and delivered over the top results in preliminary settings. We believe Plasm’s scalability, compatibility, and governance features will continue to make it stand out and be among the winners of the upcoming Parachain Auctions.”* James Wo, Founder at Digital Finance Group

*“Without any doubt, Plasm Network and Stake Technologies are one of the best teams in the Polkadot ecosystem. When I met Sota back in early 2019, we felt that we were teammates fighting for the prosperity of Web3.0. Plasm Network is driven by a fair distribution and developer community, which has the great potential to make DAPP great again on Polkadot. I believe Web3.0 will come, and DAPP will be built on Plasm Network.”* Marvin Tong Partner at PAKA Ventures.

*“Plasm Network is a leading dApps hub on Polkadot, and we are sure that Plasm will be one of the most important components in the Polkadot ecosystem. It will be a core platform to realize Web3.0 vision. We are excited to have this journey with the Plasm team.”* Ryan Chen, director of strategy at HashKey

**About Plasm Network**

Plasm Network is a scalable smart contracts platform built on Parity’s Substrate Framework. With Plasm Network, DApps Developers can build whatever applications they want without having to consider its scalability. 

Recently, Plasm Network has become the first parachain slot on Polkadot Testnet - Rococo, also, Plasm Network even deployed successfully the first smart contract on Rococo . More than that, the Plasm team submitted their first milestone of Web3 Foundation’s Open Grant Program & are in the process of developing ZK Rollups in their underlying parachain.

**About Binance Labs**

Backed by Binance exchange, Binance Labs aim to incubate, invest in, and empower blockchain and cryptocurrency entrepreneurs, projects, and communities. Binance Labs’ mission is to illuminate the issues that matter most to the cryptocurrency ecosystem and alter the world for the better.

**About HashKey**

HashKey Capital is a leading blockchain investor and digital asset manager with a core investment focus on blockchain technology, digital assets, and crypto-financial infrastructures. The fund adopts optimal investment strategies based on professional research, extensive investment experience, and leading investment tools.

**About LongHash Ventures**

LongHash Ventures is a global blockchain accelerator and investor building the native Web 3.0 blockchain economy. With a global network established across key technological hubs including Singapore, Shanghai, and Hong Kong, the company is committed to catalyzing growth for the next generation of blockchain startups. In parallel, LongHash Ventures offers end-to-end support across the spectrum of strategy formulation, go-to-market execution, and subject matter guidance across technology, marketing, and fundraising. LongHash Ventures is supported by Fenbushi Capital, Hashkey Capital under Wanxiang Group, and Enterprise Singapore, a statutory board under the Ministry of Trade and Industry.

**About Digital Finance Group**

Digital Finance Group (DFG) is a global blockchain and digital asset investment firm. Founded in 2015, and it manages investments over $550M AUM. DFG’s portfolios include an actively managed trading fund with over 400% returns, a venture fund with equity holdings in leading blockchain companies, including LedgerX, Bloq, Circle, Chainsafe, RSK, Polkadot, Near, Solana, Avalanche, and Ripio. They also have an exclusive Polkadot ecosystem fund that features Acala, Plasm, Polkastarter, Reef Finance, Manta, Litenery, Bifrost, and HydraDX. DFG operates offices in Silicon Valley, Singapore, Shanghai, and Abu Dhabi.

**About PAKA Ventures**

PAKA is a DAO fund, co-founded by the founders of Stafi, Phala, Bifrost, Crust and Litentry. It focuses on incubating and investing in hard-core technical teams, providing technical guidance, seed round investment, strategic planning and other support to make wave card ecology develop healthily on a solid foundation.

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Plasm Network raises $2.4m round led by Binance Labs

**PolkaWarriors Weekly Issue.(dot)6**

**Topic: Inter-Chain Bridges are exploding**

Inter-chain bridges are ways for two economically sovereign and technologically diverse chains to communicate with each other. Bridge designs come in a variety of flavors ranging from centralized and trusted to more decentralized and trustless.
 
**Bancor**
Bancor just announced that they are working on an inter-chain bridge to bring their project to Polkadot. With this bridge, users will be able to create pools, LPs and perform non-trust inter-chain swaps on Bancor between Polkadot & ERC20 tokens. 

https://twitter.com/DotMarketCap/status/1356476219152166913

**Equilibrium** 
Equlibrium has launched ETH bridge, which will make ETH and ERC-20 tokens fully compatible with EquilibriumDeFi's DeFi services. The bridge is bi-directional. For now it runs on the Equilibrium testnet and Rinkeby Testnet from the Ethereum side.

**Plasm Network**
Plasm Network will integrate a multi-currencies pallet soon! After that, you can use these on Plasm: Acala (ACA), Acala stablecoin (AUSD), Polkadot (DOT), Wrapped BTC (XBTC), Liquid DOT (LDOT), BTC wrapped (RENBTC), Shiden (SDN), Plasm (PLM)Plasm network held a Crowdcast. In this crowdcast, Hyungsuk Kang, lead engineer and Hoon Kim, product manager will be talking about their Ethereum bridge implementations and progresses.
https://www.crowdcast.io/e/overview-of-plasm/register

**Acala Network**
Acala's engineering team has launched the Acala EVM!: Composable, single-wallet, EVM-Substrate-WASM experience, Unlimited Substrate functionality, Bring Your Own Gas - pay gas in any token, Micro gas fees, On-chain auto-scheduler,...Live coding session at EthereumDenver,how to deploy a Polkadot-ready cross-chain capable Ethereum DApp using Acala EVM by XiliangChen 
https://twitter.com/AcalaNetwork/status/1358165058300256256?s=2

 **Bifrost**
Bifrost has integrated ZenlinkPro DEX module and has completed a cross-chain asset transfer local test network in Rococo V1-based!
https://twitter.com/bifrost_finance/status/1357233937131532289?s=20

 **PolkaBTC**
PolkaBTC, a product of InterlayHQ, will be the 8th parachain member on Rococo V1. It is the bridge of BTC on the Polkadot network and always exchanged for BTC assets at a 1:1 ratio. It will soon be available on the Polkadot ecosystem.
https://twitter.com/polkawarriors/status/1356446547488067585?s=20

**I.Hot Topic**
**Polkadot**
ETP (Exchange-Traded Product) of Polkadot was launched by 21Shares_ AG, a Zurich-based investment provider. And a new milestone for DOT: $21.7
https://twitter.com/DotMarketCap/status/1357192380051451904?s=20

**Plasm Network**
Plasm_Network is the first project to run a successful parachain on Rococo V1, they have recently announced the first WASM smart contract – WebAssembly, which has been successfully deployed on Plasm Rococo - Polkadot Testnet Parachain. This is a big step forward for Plasm Network.
https://twitter.com/polkawarriors/status/1356157305444687874?s=20

**KILT Protocol**
With the planned integration into the Polkadot ecosystem, KILT just announced their plan to take part in the first Kusama auctions as well as their aim to start their mainnet shortly after securing a parachain slot
https://twitter.com/DotMarketCap/status/1357192380051451904?s=20 

**Litentry**
Binance lists the LaunchPool projects - Litentry on trading pairs LIT/BTC - LITU/SDT - LIT/BUSD. Litentry peak is at $18, which increases 70 times the private sale price.
https://twitter.com/DotMarketCap/status/1357192380051451904?s=20

**II. Polkadot.News**
 
 **Plasm**
Plasm Network will integrate a multi-currencies pallet soon! And users can use the stable coin of AcalaNetwork and $ DOT on the Plasm Network!
https://twitter.com/plasm_network/status/1358058167901380612?s=28

 **Litetry**
Litentry will launch the PancakeSwap Syrup Pool. $ 400,000 LIT will be distributed into the Litentry Syrup Pool and ready to be mined using $ CAKE for staking.
https://twitter.com/litentry/status/1356236757851770889?s=20

**MantraDAO**
MANTRA DAO announced it will allocate $ 1 million OM to be awarded to $ DOT & $ KSM Nominators by MANTRA DAO validators!
OM reward program takes place for 2 months. $500,000 OM for Polkadot Nominators. $500,000 OM for Kusama Network Nominators
https://twitter.com/MANTRADAO/status/1356581179978260480?s=20

**Crust**
Crust Network Overview - Maxwell (coming February 4) integrates all of Crust's core functions ((staking, decentralized storage market, file retrieval mechanism, etc). Maxwell is a real economic system. Participants can swap out CRU-ERC20 1: 1.
https://twitter.com/polkadotnews/status/1356907595076894721?s=12

**Tidal**

Tidal has created a vote to find out the IDO platform that the community considers the most ideal for Tidal Finance. The nominated list includes Polkastarter, DoDo, DAO Maker, Poolz, Gnosis, Balancer
https://twitter.com/tidaldefi/status/1357257584831467520?s=20

**Ares**
Ares Protocol just announced its grant of a Web3 Foundation grant and has completed the first milestone.
https://aresprotocol.medium.com/announcement-that-ares-protocol-has-obtained-the-web3-foundation-grant-and-been-completed-52e8bcbae824

 **Paid**
PAID Network has announced its first IDO project. It is Shadows Network, a tier 1 project set to become the backbone of Web 3.0, which enables value storage on the Polkadot ecosystem. It is a hub for issuing, trading, lending and borrowing synthetic assets.
https://paidnetwork.medium.com/paid-network-delivers-again-tier-1-project-shadows-commits-to-ignition-launch-479b4f5eb0f2

**MahaDAO**
Maha Dao launches the Bug Bounty Campaign. With this new model already launched $ ARTH, up to a massive $ 20,000 worth of rewards equal to $ MAHA are allocated to the program.
https://twitter.com/TheMahaDAO/status/1357727510683807745?s=20

**III. Partnership**
1. Tidal X REEF
Tidal Finance announces a system of strategic partnerships with Reef DeFi to redefine DeFi status with protective solutions for smart contracts with the aim of making DeFi safe.
https://twitter.com/tidaldefi/status/1356654556814274565?s=20

2. Tidal X Knitfinance
Tidal Finance is thrilled to partner with KnitFinance, a non-aggregated protocol that focuses on string, bridged, and real world markets.
https://twitter.com/tidaldefi/status/1357382168373170177?s=20

3. Plasm X Moonstake
Plasm is strategically partnering with Moonstake to provide staking pools in Asia. Both sides will discuss potential implementation of PLM token placement on Moonstake.
https://twitter.com/Plasm_Network/status/1356140005609992192?s=20

4. Plasm X ANKR
Plasm Network is rolling out an integration with Ankr, the gateway to Web3 connecting consumers, developers, and enterprises to the new internet, in a few easy clicks.
https://twitter.com/Plasm_Network/status/1356241768598151173?s=20

5. Moonbeam X Razor
Razor Network has announced the integration of it’s decentralized oracle systems on MoonbeamNetwork, an Ethereum-compatible smart contract platform built on Polkadot
https://twitter.com/razor_network/status/1356244333566046213?s=20

6. Litentry X Clover
Litentry has announced a partnership with Clover_finance, using Litentry's decentralized, trustless identity computing to empower the analyzed gas fee distribution feature on Clover Network.
https://twitter.com/clover_finance/status/1356142473676873730?s=20

7. Paralink X Kenetic
Paralink has announced to share the spotlight with our investor KeneticCapital, as they build the future of multi-chain oracle platforms for DeFi applications together. 
https://twitter.com/ParalinkNetwork/status/1356716283597848580?s=20

8. Kylin X Xangle
Kylin Network announced its partnership with Xangle.io. This partnership will give Kylin a profile page on Xangle.io. This profile page will include public information about the Kylin team, on-chain data, off-chain data and many other metrics which will help Xangle.io users evaluate project performance and Kylin token value.
https://twitter.com/kylin_network/status/1357513620230443009?s=12

9. Zenlink X Darwinia
Zenlink and Darwinia reached a strategic partnership to collaboratively expand cross-chain asset transactions.
https://twitter.com/zenlinkpro/status/1356539054175580163?s=12

10. Edgeware X Paralink
Edgeware develops the Defi ecosystem with the work and full support for Paralink’s data as well as network validation.
https://twitter.com/HeyEdgeware/status/1357745787367784458?s=20

11. Equilibrium X RockX
Rockx will add support for $EQ token to its staking platform that lets users diversify their digital asset holdings.
https://twitter.com/EquilibriumDeFi/status/1357658335454101504?s=20

12. REEF X Akropolis
Reef Finance partnered with Akropolisio, a leading DeFi protocol that helps build a decentralized and autonomous community economy, which will give Reef users access to profit opportunities on Akropolis.
https://twitter.com/ReefDeFi/status/1357721244297093120?s=20

**IV.Dot.Events**

1. Plasm will hold an event called “Overview of Plasm and Multi-chain bridges”, talking about Plasm Ethereum bridge implementations and their progress.
https://www.crowdcast.io/e/overview-of-plasm/register

2. Live coding session at EthereumDenver, how to deploy a Polkadot-ready cross-chain capable Ethereum DApp using Acala EVM by XiliangChen 
https://twitter.com/AcalaNetwork/status/1358165058300256256?s=20

3. The AMA event with Paralink Network was held at Polka Warriors' Telegram on February 5th. With the participation of Jan Knežević CEO of Paralink Network.
https://twitter.com/polkawarriors/status/1356799701673078784?s=20

4. Bifrost will open the vETH Mint Drop for the second time at 14:00 February 8, 2021, UTC + 8, with a total prize pool of 500,000 BNC.
https://bifrost-finance.medium.com/2nd-veth-mint-drop-is-about-to-begin-f650ba308a78

5. HydraDX will be distributing xHDX via a BalancerLabs Liquidity Bootstrapping pool starting on Monday 8.2.2021. HydraDX - A Cross-chain liquidity protocol built on Substrate.
https://twitter.com/DotMarketCap/status/1358232745747509249?s=20

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PolkaWarriors Weekly Issue(dot)6

At present, the Polkadot ecosystem is among the newest and most revolutionary ones in the crypto market. Due to the high cost when swapping assets on Ethereum, Curve Finance’s AMM is trying to find a solution on the Polkadot blockchain.

Recently, Equilibrium has just announced they would collaborate with Curve Finance to bring a Substrate-based runtime version of Curve’s automated market maker (AMM) to Equilibrium’s users and to the Polkadot ecosystem.

With this deep strategic partnership, Curve will be responsible for supervising business logic implementation as well as fully supporting during the development process to make sure AMM be integrated with Equilibrium.  

*“We’re excited to see the demand for stablecoin liquidity driving the technology to other chains,”* Curve Finance CEO Michael Egorov said in a statement. *“Deep liquidity is vital for adoption of new applications like Equilibrium, as well as for the adoption of new blockchains themselves.”*

With this partnership, once complete, the projects can help users to benefit several things:
- Achieving passive income for liquidity providers in a low-slippage environment. 
- Being able to unlock deep liquidity by design.
- Receiving the support from the Open Grant Program delivered by the Web3 Foundation.

**About Curve**
Curve Finance is a decentralized exchange (DEX) running on Ethereum. It's specifically designed for swapping between stablecoins. Users just need to have an Ethereum wallet, some funds, and they can swap different stablecoins with low fees and slippage. Curve is considered as "Uniswap for stablecoins." Thanks to its special pricing formula, it's also great for swapping between different tokenized versions of a coin.

**About Equilibrium**
Equilibrium is a decentralized cross-chain money market protocol which hosts a multi-purpose money market protocol, lets users lend and borrow stablecoins and crypto assets, as well as protects system debt and earn fees in return.

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Curve Finance will bring an AMM to Equilibrium Polkadot Parachain

2020 has been an unexpected year for the world and our team. The worldwide crisis we’re all facing gives birth to new challenges we have to face in an emergency mode. However, thanks to all of your support, we have tried our best to keep up our work and get a lot of achievements.

WE MADE IT and are very excited to announce the launch of DotMarketCap – a website of Polkadot Ecosystem Projects as well as Price & Market Capitalization.

At present, the Polkadot ecosystem is among the newest and most revolutionary ones in the crypto market. Its ecosystem aims to incentivize a global network of computers to operate a blockchain on top of which users can launch and operate their own blockchains. Together with the development of Polkadot, there have been many crypto projects created and many of them want to win a Polkadot’s parachain slot auction. Understanding the difficulties of people when finding information on projects run on Polkadot, Dotmarketcap was founded to help the community solve this problem.

Dotmarketcap is a website where you can find data of prices, charts, capitalization as well as the latest information and analysis of entire projects on the Polkadot ecosystem. While the DotEcoCap concept is the most accurate and general indicator to measure the overall development of the Polkadot ecosystem, Dotmarketcap has a place in verifying the accuracy of projects, educating the community about the Polkadot ecosystem, newsletters or on-chain data. Besides, DOT.Research is our passion for diving deep into potential projects on Polkadot.

Our initial features will include the data of trading projects, projects in progress, the major events, and blogs - where news and in-depth analysis are available.

In the future, we will work hard to bring new features to users, for example, displaying the status of Parachain auction projects, providing instruction posts for newbies, etc.

With a team of experienced and enthusiastic people, our objective is to supply the community with the most accurate information of projects on Polkadot as well as to help people to enhance their knowledge about the entire Polkadot ecosystem.

Users will be able to experience all the features of our website starting from 2021/02/12 05:00 PM (UTC).

If you have any feedback or enquiries, please kindly send us an email at hello@dotmarketcap.com.

**Our information**

Website: https://dotmarketcap.com
Twitter: https://twitter.com/DotMarketCap

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Announcing the launch of Dotmarketcap

Statistics:
- Final Price: $0.08059
- Initial Liquidity: 22.9M $DAI
- Total sold: 87% xHDX
(Remaining xHDX will be moved to hydra_dx treasury)

https://dotmarketcap.com/coin/hydradx

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xHDX BalancerLBP statistics

**#PolkaWarriors Weekly Issue.(dot)7
Lunar New Year begins with a new milestone**

On the second day of new year, $DOT just officially broke its ATH - 30,2$. The marketcap of 
Polkadot reaches $ 27B and is currently ranked 6th among the 10 largest coins in the market
https://twitter.com/polkawarriors/status/1361206628108759042

1/ BinanceLabs  just led a $2.4 million funding round for Plasm Network , a multi-VM scalable smart contract platform, which helps Plasm to expand its resources, business, as well as connects the Binance  & Polkadot  communities. 
https://twitter.com/polkawarriors/status/1359040710159130626?s=20

2/ DFG_Group  announced the Polkadot Ecosystem Fund that will count $20 million dollars focusing on assisting and promoting the top-tier projects of each sector being developed in this space.

3/ PlasmNetwork  have successfully transferred their PLM tokens to AcalaNetwork  locally. As a next step, they will make a cross chain use case on Rococo.
The Rococo Relay Chain has now passed its 100'000th block and is currently running with eight parachains.

4/ EquilibriumDeFi  has just announced their collaboration with CurveFinance to bring a Substrate-based runtime version of Curve’s automated market maker (AMM) to Equilibrium Polkadot Parachain.
https://twitter.com/polkawarriors/status/1359453775749017600?s=20

5/ DoraFactory  - Substrate-based startup, aims to build an open infrastructure for decentralized autonomous organizations, has closed its first round of private sales led by HashKeyGroup , NGC_Ventures, DFG_Group , SNZ Holdings, AU21, Axia8, LD Capital …

6/ The first Substrate Hackathon organized and hosted by ParityTech Asia is launched! Throught this Hackathon to find the next batch of parachain candidate projects and top Substrate talents.

7/ Announcing the launch of DotMarketCap – a website of Polkadot Ecosystem Projects as well as Price & Market Capitalization. The total market capitalization of Polkadot (DMC) ecosystem reaches $ 46B, representing 3.03% of the total market cap.
https://twitter.com/DotMarketCap/status/1359901315611062279?s=20

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#PolkaWarriors Weekly Issue.(dot)7

Equilibrium's will be conducting the PLO in two consecutive phases to secure parachain slots. For now, the PLO is the only way to get your hands on EQ, Equilibrium's core asset. 

The first phase will be a token swap and the second will be a crowdloan. Both phases are risk-free as all contributors can get their native Substrate assets (DOT/KSM) back at the end of the parachain lease. 

Equilibrium's PLO in detail: https://dotmarketcap.com/event/48

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Dot.Events - Equilibrium PLO Whitelist Registration

The gas fees of #Ethereum have discouraged me.  If objectively correct, the phrase "unusable" will be used in this case.

If you have $100, can u accept a transfer & charge more than $30 per transaction?

How is Polkadot fee calculated?  Pls discuss below $DOT #polkadot

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Polkadot FEE Calculation

With the rapid development of the Polkadot ecosystem recently, a lot of people did pay attention to Polkadot since it has so many advantages when compared to Ethereum. As a big community of Polkadot hodlers in Vietnam, Polka Warriors is very happy to announce the collaboration with Polkadot Defi Alliance.

Polka Warriors has joined forces with Polkadot Defi Alliance because we would like to share the common goal of developing the Polkadot ecosystem as well as raising the awareness of the community about the Polkadot Network and Substrate technology.

With this cooperation, we hope we will be able to make a small contribution to the development of Polkadot’s growing ecosystem. About the strategic partnership with Polkadot Defi Alliance, Sang Tran - Founder of PolkaWarriors said: "Defi is a field that is no longer strange to the crypto community. However, to access and use Defi protocols in a complex ecosystem like Polkadot is not easy. Through this partnership, we would like to promote the access of the community as well as make them understand the values of Defi on Polkadot which benefit the Polkadot community in particular and the entire crypto community in general".   

Polka Warriors chose to form a partnership with Polkadot Defi Alliance because of their important role in the development of the Polkadot ecosystem. Polkadot Defi Alliance is the community of many high quality projects coming together to build the larger Polkadot ecosystem as well as supporting the development of new financial primitives. Together, Polkadot Defi Alliance and Polka Warriors look forward to a long-term mutually beneficial relationship.

**About Polka Defi Alliances**
Polkadot DeFi Alliance is where industry-leading projects and cutting edge teams come together to propel forward the larger Polkadot ecosystem and the overall cryptocurrency industry.
Website: https://www.polkadotdefialliance.com/

**About Polka Warriors**
Polka Warriors is the unofficial $ DOT hodler community in Vietnam. Founded by Syndicator, all activities of Polka.Warriors are supported in all aspects of finance and knowledge from a team of enthusiastic and experienced investors. As one of the most popular communities for DOT Holder, this is the place where everyone shares everything related to Polkadot as well as the projects in this strong ecosystem.

Website: https://syndicator.vn/
Twitter: https://twitter.com/polkawarriors
Telegram (Vietnamese): https://t.me/PolkaWarriors
Telegram (Global): https://t.me/PolkaWarriors_Global
Telegram Channel: https://t.me/PolkaWarriorsANN


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Announcing a New Strategic Partnership with Polka Defi Alliance

Top 7 Gainers Last week on [DotMarketCap](https://dotmarketcap.com/)
 
$DOT $31

It can be seen that $XFT is getting the most attention as a private synthetics & DeFi protocol on Polkadot

Which project are you HODL?

$XFT $POLS $BONDLY $DEGO $FIS $PCX $OM

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Top 7 Gainers Last week on DotMarketCap

Polkadot Defi Alliance has gone live on Crowdcast to talk about the difference of $ETH DeFi & $DOT DeFi? With the participation of the most cutting–edge projects, PDA did answer this question as well as discussing about the future of Polkadot ecosystem.

https://dotmarketcap.com/event/62

The total value locked in DeFi is today is $40 Billion. With no sign of slowing down, this ecosystem is expanding rapidly. As the Polkadot Network continues to attract more technologists, developers, and overall talent, one question that comes to mind is, how do Ethereum DeFi and Polkadot DeFi differ? What is driving this growth level for new projects being built on Polkadot and come over from Ethereum? Our panelists come from some of the most cutting-edge projects and will discuss just that. We will dig into what is possible that may not have been possible before as the blockchain industry continues to evolve the financial primitives market. We will hear from some of the most innovative solutions being made available today.

Manta Network https://manta.network/
Tidal Finance https://tidal.finance/
Phala Network https://phala.network/
Konomi Network https://www.konomi.network/#/

Join us for another insightful conversation for the second installation of Polkadot DeFi Alliance talks.
https://www.polkadotdefialliance.com/


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Dot.Events - Difference between Polkadot DeFi and Ethereum DeFi

Plasm and Acala just announced that they have successfully transferred the first cross – chain message on Polkadot and Kusama’s testnet, Rococo, which marks a great milestone for the development of the whole ecosystem.

As the most cutting – edges projects running on this ecosystem, Acala and Plasm’s parachains are both connected through Rococo’s Relay Chain, and they did try to work on testing cross-chain use-cases.

Acala recently had a successful token transfer locally to Laminar via XCM (Cross-Consensus Message). Acala built and released the XTokens pallet for token transfers in the Polkadot ecosystem, and using this token pallet is a condition for parachains to integrate with Acala.

After a period of testing, Aleksandr Krupenkin did find some problems with XCM and his pull request was merged by Parity to fix the problem. After that, XCM has been fixed and two parachains can successfully carry out the cross – chain token transfer.

This event can be considered as a great milestone for the entire Polkadot ecosystem. With this success, they are ready to test XCMP-lite with other Polkadot ecosystem teams!!

https://twitter.com/polkawarriors/status/1362654698096889856?s=21

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The First Successful Cross-Chain Messaging Passing (XCMP) Transaction on Rococo

Polkadot just updated their launch roadmap. 

Parachains are the last piece of core functionality to be delivered as outlined in the Polkadot whitepaper, and will allow Polkadot to realize its scalable multi-chain architecture. After a period of testing, optimization and auditing, parachains will be ready for launch on Polkadot, and can be enabled via on-chain governance. Once parachains are live, the community will determine which additional features and network upgrades should be added over time.

**1. Current Stage: Testnet Rollout**
Parachain functionality will roll out first for testing and bug fixing on parachain testnets like Rococo. Once we’re confident the code is ready, we’ll open registration for parachain teams to test their own chains, including interaction with other chains via XCMP-lite. Once we’ve developed and tested the final elements of core functionality for parachains and Cumulus - approval voting, distribution, availability recovery, and disputes - the Polkadot codebase will officially be feature complete.

*What’s next?
When we’re confident testnet parachains are running smoothly and the code has been fully audited and benchmarked, a vote to enable parachains and slot auctions on Kusama will be submitted via on-chain governance.*

**2. Kusama Rollout and Slot Auctions**
As a live network with real economic incentives, Kusama will serve as an additional proving ground for parachains, allowing the community to observe network effects and conduct further testing and optimizations. Kusama governance will first vote to enable parachain functionality via runtime upgrade. After that it can vote to begin slot auctions and to add any common-good parachains.
**Parachain Slot Auctions**
Parachain slot leases will be allocated via non-permissioned candle auctions. After the first auction on Kusama, there will be a new auction taking place roughly every two weeks. After each auction, the winning parachain will be deployed to the network at the beginning of its lease period. Auctions will continue from here on a rolling basis as more slots become available and previous leases expire.

*What’s next?
Once all audits are completed and parachains are running smoothly on Kusama, Polkadot’s community can enable parachain functionality, deploy the first public-good parachains and begin slot auctions on Polkadot via on-chain governance.*

**3. Polkadot Rollout and Slot Auctions**
Polkadot governance will first vote to enable parachain functionality via runtime upgrade. After that, it can vote to begin slot auctions and to add any common-good parachains.

**Parachain Slot Auctions**
Parachain slot leases will be allocated via non-permissioned candle auctions. After the first auction on Polkadot, there will be a new auction taking place roughly every two weeks. After each auction, the winning parachain will be deployed to the network at the beginning of its lease period. Auctions will continue from here on a rolling basis as more slots become available and previous leases expire.

*Future Upgrades
With parachains live on Polkadot, the network’s launch will officially be complete according to its original vision and design. Future upgrades, including full-featured XCMP and parathreads, can be enabled via network governance after the code has been fully developed, tested, benchmarked and audited. What the future holds for Polkadot from here is up to the community.*

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Polkadot Launch: Parachain Rollout

**What is Bifrost Finance?**

Bifrost is a DeFi project working on PoS tokens: provides liquidity and staking PoS tokens. Bifrost is also a candidate for a parachain slot on Polkadot. Although Ethereum supports smart contracts and has more popularity, Bifrost still chooses Polkadot to build its system. If they chose Ethereum, they could build contracts supported on public chains, however, it would be very hard to provide enough liquidity that staking systems need. By joining in the Polkadot ecosystem , Bifrost Finance hopes it will provide enough liquidity for the Staking system.

Overall, Bifrost is a parachain candidate for a parachain on Polkadot. It is designed to support the PoS ecosystem including staking and providing liquidity. Bifrost will act as an middle-ware protocol between layers of application and will support these applications with PoS services and liquidity staking.

Through Bifrost, users can convert from tokens in PoS systems to Bifrost token, vToken. Because Polkadot has Cross-chain Message Massing (XCMP), every single PoS token will be represented by vToken and will have the ability to connect with tokens on Polkadot network.

Another advantage of Bifrost is that users don’t have to lock their position. Users can have compound interest while having access to other PoS providers.

Users can also lock their tokens into the Bifrost parachain to get the similar token on the Bifrost chain in return. For example, if a user sends a ATOM token to Bifrost parachain, he will receive vATOM token in return. The reward they receive will be equivalent to the amount of asset that they staked.

![](https://syndicator.vn/wp-content/uploads/2021/03/Ảnh-chụp-Màn-hình-2021-03-02-lúc-12.03.27.png)

**Problems that Bifrost Finance solves:**

Bifrost users can trade assets through a bridge, convert token to vToken, receive rewards while providing liquidity for PoS systems. When mainnet of Bifrost is officially released, the first phase of mainnet will support staking KSM. DOT tokens also support converting them to vKSM and vDOT. The conversion of ETH, EOS and IOST into vToken (vETH, vEOS, vIOST) are planned and will be supported in future. 

With vToken, users can avoid the risk that their assets might be locked while receiving double reward when staking them. Also, the Bifrost team will develop more features for vToken in future. vToken can be bought directly from wallets, exchanges (CEX & DEX). Besides, users can convert vTokens by using Bifrost DApps when mainnet is released.

In short, Bifrost finance will solve two key issues:

* Decrease the amount of assets that need to stake in the style of decentralization.
* Provide a stable liquidity without affecting the structure of that blockchain.

![](https://syndicator.vn/wp-content/uploads/2021/03/Ảnh-chụp-Màn-hình-2021-03-02-lúc-12.05.50.png)

**Bifrost ecosystem:**

Most parts of Bifrost ecosystem are focusing on building core ones that help the Bifrost ecosystem become stronger and more stable day by day. Here are features which make Bifrost special:

* Cross-chain users: Users who have vTokens or other PoS assets. They also can be BNC miner or Polkadot parachains.
* Voters: Users who own BNC. They can vote for the government's decision, sync nodes and vote for proxies of Staking nodes. In addition, they can also choose which asset that Bifrost will support. Voters will receive reward because of their contribution for the stability of the network.
* Node Validator: At first, it needs 30 nodes to vote on a valid transaction and will consider confirming block by block. Validators will receive 10% in total of reward that contributed to users.
* Stake Proxy Node: These nodes are nominated to support PoS chain of Bifrost partners. They will receive and confirm the amount of stake proxy which will be moved through the bridges to other chains. Stake Proxy Nodes can also connect with mining pools, liquidity pools, DApps and wallets. This will make things easier for stake node to communicate and interact with other DApps, other Pools on other DeFi protocols.
* vToken DEX: This will be the exchange that provides liquidity for vToken. Users can stake or unstake their token on this exchange.
* Community Developers: People who build applications like wallets or DApps or make new features for Bifrost.
So why do users might want to choose Bifrost to stake or provide liquidity ? Bifrost provides features similar to other DeFi platforms but they have improved features  such as: Liquidity Stake, Provide Liquidity for Parachan Auctions, Vote and DEX. So what are they ?

**Liquidity Staking**

It can be seen that users will connect tokens that they have (of course these tokens must be supported by Bifrost). After connecting, users will receive vToken. For example, users who connect 100 DOT will receive 100 vDOT in return. These vDOT can be traded on decentralized exchanges of Bifrost, this will help maintain a stable source of liquidity. Users will also receive rewards when they connect their tokens. That is the first step to join the DeFi party in Polkadot. Furthermore, bridge features can connect vToken with any other tokens on ERC20. 

**Provide Liquidity for Parachain Auction:**

As you may know, when the parachain auction happens, tokens of users who participated will be locked during the auction and even longer if that project won the parachain auction. Supporters of the winner will receive some presents from projects as compensation for the cost of the loss. Let's imagine if you lock 1000 DOT for a project and that project won a parachain auction, you might be happy but what happens when the price of DOT hits 1000$ in the next 2 years when your DOT is locked ? Bifrost has a solution for this situation. You can still join the auction through Bifrost and if your project succeeds, Bifrost will give you a quantity of vDOT equivalent to your locked DOT. Surprisingly, you can use those vDOT for trading and receive the present from your project at the same time.

**Voting Market**

There are so many validators on the PoS system nowadays. It makes users confused when they want to stake for a validator. Bifrost has a bidding mechanism so that users can stake on validators that really did their job.

**Decentralized Exchange**

In the early stage, DEX of Bifrost will only support vTokens/vTokens. But in the future, Bifrost will connect to others CEX & DEX so that vTokens will have more pairs to trade.

**BNC Tokens**

Token of Bifrost Finance is BNC, its max supply is 80,000,000 BNC. BNC Token uses cases are:

* Trading Fees - all trading fees will be moved to Bifrost treasury.
* Reducing the amount of collateral.
* Governance - vote for government's decision, nominate nodes or entrust.
* Staking reward - A part of distributed rewards will be used to buy back BNC for the Bifrost treasury.

**Token Distribution**

Bifrost will spend 45% for ecosystem reward including vTokenmint, Parachain Slot Auction, Node Collator Favors, Oracle using and to pay for the cost of cross-chains protocol.

![](https://syndicator.vn/wp-content/uploads/2021/03/1-3.png)

![](https://syndicator.vn/wp-content/uploads/2021/03/1-2.png)

**Ecosystem Distribution:**

![](https://syndicator.vn/wp-content/uploads/2021/03/1-5.png)

![](https://syndicator.vn/wp-content/uploads/2021/03/1-4.png)

**Favors For vToken Hodlers:**

The amount of minted vTokens is very important, vToken incentives will hold 45% of proportion.

**Parachain Slot Auction:**

Only projects winning the parachain slot auction can really become Polkadot parachain, it will cost a lot of fee for Kusama Parachain Auction and Polkadot Parachain Auction. Every slot can be hired for 6 to 24 months and Bifrost wants to win at least 4 years with 12% of BNC are for parachain auction.

**Collator**

When BiFrost connects with parachain, Collators will be supported to provide services and encourage them to increase the quality of services.

**Insurance fund for getting Slash**

Bifrost will save 10% BNC as insurance for the Slash system. Slash will pay for participants if something bad happens with collaterals.

**Roadmap**

![](https://syndicator.vn/wp-content/uploads/2021/03/1-8.png)

**Partner and Cooperator of Bifrost**

![](https://syndicator.vn/wp-content/uploads/2021/03/1-7.png)

![](https://syndicator.vn/wp-content/uploads/2021/03/1-6.png)

**Overview**

As noted above, Bifrost will play a very important role in the ecosystem of Polkadot. Liquidity Staking will be a very useful feature for DeFi. But the most important thing is the Parachain Slot Auction feature. This will help users avoid loss while still encouraging the entire ecosystem.

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A Deep Dive Into Bifrost Finance

**What is Plasm ?**

Plasm is a real-time module library based on Substrate. It is a place where developers can add Plasma features into their Substrate chain. By using this library, developers can build a blockchain which can be scaled within a couple of minutes. Substrate included two parts: Substrate Core and Substrate Runtime Module Library (SRML). Plasm can custom key points on Substrate with SRML and then create the new natural Substrate chain. Plasma is a layer 2 solution to scale up the blockchain. Plasma will help restructure the economic potential of the blockchain, this restructure will help blockchain can operate autonomously without the management of creator and operator. Ideally, the blockchains of operators can be scaled without having any limit. 

Plasm Network can be seen as an infrastructure which can scale and interact with Web3.0 . Plasm Network is built on Substrate. Thus, Plasm has very high potential of becoming a parachain of Polkadot in the future and will work as a scalable smart contract platform. This allows Plasm to fill in the gap of the Polkadot’s design. The ability to extend is surely one of the most important requirements of DApps developers. 

**Problems Plasm Network Solves:**

Plasm Network aims to create the best smart contract platform so that developers of DApps on Polkadot don’t have to worry about infrastructure and just need to focus on their DApps. Furthermore, any developer can build any application on Plasm Network without considering its scalability. Plasm Network solves both of two biggest problems: Scalability and Interactive ability.

**Scalability:**

Most blockchains can not scale up because they are designed for “decentralized consensus”. Their TPS (Transactions per second) is tremendously lower than centralized databases and the amount of data which can be stored in each block is limited. So, in the situation when the amount of transaction spike, transaction of user can be: unconfirmed, delayed for a very long time or even worse, failed. This makes users who are familiar with traditional architecture feel disappointed.

- Scalability on Plasm is solving these problems:

- Increase the number of transaction per second (TPS).

- Cheaper transaction fees.

- An action can be finished faster.

**Interaction Ability:**

There are several blockchains that live out there, but most of them can not interact with each other, this is a big loss for the blockchain ecosystem. If you want to convert a coin from Bitcoin network to Ethereum network, you have to send that coin to a centralized exchange, sell it, buy another coin and finally, withdraw to your wallet. This is a waste of time and costs an uncountable fee. Polkadot is a protocol which allows different blockchains Interact with each other in a seamless way. And also because of that, Plasm Network is connected to Polkadot to take advantage of its interactive ability. Different chains interact with each other, plus the scalability of Plasm is definitely the greatest solution for the situation of blockchains nowadays. 

**Plasm Network Architecture:** 

With the dream of becoming the smart contract supplier for the whole system of Polkadot, architecture of Plasm has to show that it can take this great responsibility. 

It will be easier to understand if you look at the picture below: Plasm nature is a layer 1 blockchain built on Substrate or “maximized Plasma protocols”.

![](https://syndicator.vn/wp-content/uploads/2021/03/Ảnh-chụp-Màn-hình-2021-03-01-lúc-15.03.23.png)

Besides, development team of Plasm also develop modules like:

* **Plasma module included 2 main modules:** Operator module and DApps Staking module.
* **OVM (Optimise Virtual Machine) module:** This module will call Plasma contract and interact with applications built on Substrate.
* **Contract module:** This module will take the responsibility for payment through layer 1 adapter

![](https://syndicator.vn/wp-content/uploads/2021/02/1-3.png)

Applications on Layer 2 can be created through Layer 1 adapter. In conventional models, we can deploy Plasma of Ethereum including a lot of modules managed by a bunch of smart contracts, with this model, you can not guess exactly how much transaction fee it would take for a Plasma application because these smart contracts have a lot of layers of logic. Moreover, having too many smart contracts will make it harder for developers to understand. Instead, OVM works in a simple different way, these smart contracts will be packed in three modules: OVM module, Plasma module and Contracts module.

**The Most Characteristic Features of Plasm Network:**

Beside the development of modules, Plasm Network also has features to encourage users to use and contribute to the network so that the network will become more stable and strong.

* **Operator Trading:** Operator Trading is a mechanism for buy and sell activities on Plasm applications. With this mechanism, running DApps will have their specific rewards. This will help miners receive more if they work hard. It is for sure that anybody can become the Operator Trading as long as they are specified by developers. Operators, who have the same value, can support each other by giving others their rights. This mechanism can help one or many new off-chain in future can easily interact with Plasm Network.
* **DApps Reward:** This is an incentive mechanism for developers or administrators of smart contracts. These rewards will be mine when a new block is born. We can see from a picture below that 50% of DApps Reward will be for smart contract operators and DApps Nominators (40% for smart contract operators and 10% for DApps Nominators). Operators can receive more PLM tokens if their smart contracts receive many nominations from nominators. Besides,  Operators will receive an amount of reward equivalent to the amount of token staked in their smart contracts. This mechanism will encourage nominators to stake in smart contracts. This mechanism also solves the payment problems for administrators.

![](https://syndicator.vn/wp-content/uploads/2021/03/Ảnh-chụp-Màn-hình-2021-03-01-lúc-15.06.34.png)

* **Lockdrop:** Lockdrop is a new way to distribute tokens. Participators will lock their coin (ETH, DOT, KSM…). In return for this, they will receive a token of a project they want to participate in. The amount of returned token depends on the number of tokens get locked and how long they are locked.

**Tokenomic of Plasm**

**Lockdrop**

As noted above, lockdrop is a new way to distribute tokens. The first lockdrop had 16,783 ETH locked, this is huge and can show us how much the community cares about the Plasm project. Token release events will be seperated to make sure that project will have a stable supply.

Lockdrop also has another mechanism: Multi-lockdrop. Multi-lockdrop can also be understood as lockdrop multiple times. This mechanism will help limit the number of whale holders (people who own a lot of tokens) if there are just a few of early-bird buyers. Also, this mechanism makes the distribution fairer and evener. Besides, the security and integrity of a blockchain depend on its meed for nodes and token holders. If this mechanism keeps repeating again and again, it will be easier for Plasm to understand the token distribution for its holder and also reduce the maintenance costs to fix the problems when the network does separate token distribution events. Equation of multi-lockdrop events is always: a_1 : a_2 : a_ 3 = 6:5:4. As shown below, PLM token pay for the first lockdrop is 1,200 PLM, the second lockdrop is 1,000 and the third is 800. The ratio of all 3 phases is 1200:1000:800 = 6:5:4.

![](https://syndicator.vn/wp-content/uploads/2021/03/Ảnh-chụp-Màn-hình-2021-03-01-lúc-15.10.04.png)

**Token PLM**

Token of Plasm Network is PLM and it can be used for:

* **Staking:** DApps Staking feature of Plasm is the premium one and right now, only Plasm supports this feature on the Polkadot Ecosystem. People who stake PLM on DApps and also developers of DApps will receive rewards from nominators. Beside staking on DApps, PLM Holders can also stake it on Plasm Network, maybe on validators or even collators. This feature will make the network become more decentralized and independent from network administrators.  
* **Transaction Fees:** There is one thing that everyone agrees is any transaction on any blockchain network has to pay transaction fees and PLM token can be used for transaction fees.
* **Governance:** People who have PLM tokens can also govern the network through voting. This feature has been planned and the development team of Plasm will release it in future.

**Roadmap**

**2020 Q2**

*  DAppStaking module

**2020 Q3 **

* OVM + Plasma module
* Real time Lockdrop 

**2020 Q4**

* Release the first layer 2 application
* Layer 2 interact with ETH
* Change algorithm from PoA to NPoS

**2020**

* Plasm Network join the ecosystem of Polkadot as a Parachain.

**Community of Plasm Network**

![](https://syndicator.vn/wp-content/uploads/2021/03/Ảnh-chụp-Màn-hình-2021-03-01-lúc-15.13.22.png)

Community of Plasm Network is very big, including prospect projects on Polkadot network like Phala Network, Crust, Reef, Acala….

**Conclusion**

It is easy to see that Plasm Network is a missing piece of Polkadot Ecosystem. Smart contract is a very necessary feature for such an interactive platform like Polkadot. With modules like OVM, Plasma, Contracts module, Plasm will have more ability to interact with Layer 2 DApps. Furthermore, Plasm scalability, faster TPS, cheaper transaction fee definitely a plus mark while popular blockchain like ETH is becoming slower and its transaction fees is rising day by day. If Plasm Network win parachain auction, its potential definitely will be huge.

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A Deep Dive Into Plasm Network


**What Is Crafting Finance**
Crafting Finance is a synthetic asset issuance protocol and decentralized contract trading exchange based on the Polkadot contract chain. It natively supports multi-token collateral, including the token CRF issued by Crafting Finance, Polkadot (DOT), Kusama (KSM), Bitcoin (BTC) and Ethereum (ETH), and synthesizes any cryptocurrencies or stocks, bonds, gold and any other off-chain assets directly through smart contracts and oracles.

**Crafting Finance Top Features**
The main functional modules of the entire system are Forge and Kingsman. Forge are where all synthetic assets are minted. Kingsman is the decentralized contract exchange using sharing debt pool trading mode. Other important modules of the system include collateral pools, fee pool, interest pool, and oracles.

**Forging Synthetic Assets(Forge)**
The synthetic assets issued by the entire system are all produced by users staking certain collateral. The initial collateral includes CRF, DOT, KSM, BTC and ETH, and the collateralization ratio depends on the variation of the collateral itself. In the future, the collateral and collateralization ratio can be adjusted through community governance. When users stake collaterals and forge synthetic assets, corresponding debts are generated. When the user wants to unlock the collateral, he must repay the debt, that is, destroy the previously generated synthetic assets.

**RAFTs**
At present, RAFTs (assets synthesized by direct staking of collaterals) can be fitted in to four different categories: stablecoins (RaftStable), simple synthetic assets (Raft), custom synthetic assets (UnivRaft), synthetic bonds (BondRaft).

**Stablecoins (RaftStable)**
Stablecoins are a very important part of synthetic assets, such as rUSD and rEuro which can be used as denomination currency in the whole system as well as contract trading. Furthermore, stablecoins can also be used as collateral lending. Users can borrow stablecoins such as rUSD and exchange it into real world dollars.

**Simple synthetic assets (Raft)**
Simple synthetic assets can be cryptocurrencies such as rBTC and rETH, stocks such as rAAPL, gold such as rXAU and any real world assets.

**Custom synthetic assets (UnivRaft)**
Custom synthetic assets means that users can issue any kind of a financial contract through this system. By this way, Crafting Finance can stimulate any financial derivatives and include the whole world’s assets.

**Synthetic bonds (BondRaft)**
Synthetic bonds are synthetic assets paying interest issued by the system.

**Kingsman**
Crafting Finance also has a decentralized exchange that provides conversion of different synthetic assets and contract trading. Due to the design characteristics of CF, this DEX does not require a counterparty, and there is no issue of transaction depth.
**Backers of Crafting Finance**
@craftingfinance
 has finished seed fundraising round, included participation from AU21Capital, CMS Holdings, ContinueFund, LDCapitalLLC, LongHashVC, NorthbundCapital, PAKA Fund, Signum Capital, SNZ Holding, capital_spark, Illusionist Group...

**About Crafting Finance**
Crafting Finance, developed on the the Polkadot blockchain, it will use DOT, KSM, BTC, ETH and the CRF issued by the project as collateral, and synthesizes any cryptocurrency or offchain assets such as stock, bonds and gold through smart contracts and oracles, users can exchange various synthetic assets in Kingsman. Kingsman is one of the Crafting Finance products, a synthetic assets trading platform, with the concept of “SDP” (Sharing Debt Pool), Kingsman is characterized by almost unlimited liquidity and zero slip point of trading. The innovation of synthetic assets transactions in Kingsman will make a more flexible and strategic way for users to participate.

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Introducing Crafting Finance  - Synthetic asset issuance & trading protocol Polkadot

**Dear HydraDX community**

Decentralization is the aim of all blockchains, and  of course HydraDX is not an exception. The fact that HydraDX recently launched a free Council election has shown their commitment to gradually decentralize the network.

From the beginning, we were impressed with Polkadot's vision about a multichain world and HydraDX was an important piece in that ecosystem.

Having followed and supported HydraDX for a long time, PolkaWarriors, as one of the largest communities of Polkadot enthusiasts, would love to make a small contribution to the decentralized mission of Polkadot in general and of HydraDX in particular. 

**WHY YOU SHOULD VOTE FOR US?**

**- Community is the Key**
Understanding the value and importance of the community and wanting to contribute to the building of a truly community-driven project, we always spend time educating people about the true meaning of decentralization and democracy, and we are also passionate about making the ecosystem better.

With the strength of the non-profit community and thousands of hodlers, we will be able to spread the value ​​and vision of HydraDX to the whole Polkadot ecosystem. We believe this is an opportunity to cooperate, work and promote the ecosystem to grow stronger than ever.

**- Knowledge is Power**
Polkadot is a very complex ecosystem and HydraDX is a project with a big vision needing the education to make it more accessible to the community. We, with our experience and skills, articles, and infographics, can help HydraDX fulfill its mission of educating the community. If we are elected and become a board member, PolkaWarriors will certainly play an important role in the development of HydraDX.

**- Community Representative**
By becoming a Council Member, we will listen to the aspirations from the community, and become a representative to help them vote for major proposals on the HydraDX network, as well as contribute to the mission of decentralizing one of the most important blockchains in the ecosystem: Polkadot ecosystem.

**- Experience is Important**
With many years of experience in the crypto industry as well as working as the contributors of different projects, more than 20 members of PolkaWarriors team hope to become a member of HydraDX Council so that we can contribute more to the project as well as the Polkadot community.
 
Thank you and we really appreciate your support.

PolkaWarriors Team

---
**PolkaWarriors - A non-profit & unofficial worldwide community of $DOT hodlers.**

![](http://illusionistgroup.com/wp-content/uploads/2021/09/PW-COVER-01.png)
- Twitter: https://twitter.com/PolkaWarriors_
- Telegram Research: https://t.me/PolkaWarriorsANN

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HydraDX Council Election: Vote for PolkaWarriors

[Bit.Country](http://Bit.Country) just released their roadmap to update some upcoming initiatives, including:

\- Odyssey Campaign.

\- NUUM TGE timeframe.

\- @bitavatar\_io – the new and improved avatar system for users.

\- Primary space feature for #Metaverses.

Participants from the Metaverse Odyssey NUUM Event at Tokensoft can try their luck with Daily Spin to win $NEER tokens at: <https://pioneer.bit.country/p/event/odyssey>

Complete these tasks to join:

\- Create your BitAvatar

\- Follow BitAvatar

\- Share your avatar on Twitter - - Learn today's knowledge: Kaosland

Read more at:

<https://medium.com/bit-country/the-dawn-of-continuum-bit-country-roadmap-reveal-and-more-372ad961da17>

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BitCountry Roadmap reveal & more

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PolkaWarriors

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DotMarketCap

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BinanciansVN

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Tran Hong Sang (SMann)

Bit.Country just released their roadmap to update some upcoming initiatives, including:

\- Odyssey Campaign.

\- NUUM TGE timeframe.

\- @bitavatar_io – the new and improved avatar system for users.

\- Primary space feature for #Metaverses.

Participants from the Metaverse Odyssey NUUM Event at...

Statistics:

Final Price: $0.08059

Initial Liquidity: 22.9M $DAI

Total sold: 87% xHDX
(Remaining xHDX will be moved to hydra_dx treasury)

https://dotmarketcap.com/coin/hydradx

What is Bifrost Finance?

Bifrost is a DeFi project working on PoS tokens: provides liquidity and staking PoS tokens. Bifrost is also a candidate for a parachain slot on Polkadot. Although Ethereum supports smart contracts and has more popularity, Bifrost still chooses Polkadot to build its...

Dear HydraDX community

Decentralization is the aim of all blockchains, and  of course HydraDX is not an exception. The fact that HydraDX recently launched a free Council election has shown their commitment to gradually decentralize the network.

From the beginning, we were impressed with...

Dotmarketcap is a website where you can find data of prices, charts, capitalization as well as the latest information and analysis of entire projects on the Polkadot ecosystem. The #DotEcoCap concept is the most accurate and general indicator to measure the overall development of the Polkadot...

Plasm Network will all a multi-currencies and tokens pallet soon! With this upgrade, you will be able to use the following coins & tokens on Plasm Network:
• Acala native token (ACA),
• Acala stable coin (AUSD),
• Polkadot native token (DOT),
• Wrapped BTC (XBTC),
• Liquid DOT token (LDOT),
• BTC...

2020 has been an unexpected year for the world and our team. The worldwide crisis we’re all facing gives birth to new challenges we have to face in an emergency mode. However, thanks to all of your support, we have tried our best to keep up our work and get a lot of achievements.

WE MADE IT and...

With the rapid development of the Polkadot ecosystem recently, a lot of people did pay attention to Polkadot since it has so many advantages when compared to Ethereum. As a big community of Polkadot hodlers in Vietnam, Polka Warriors is very happy to announce the collaboration with Polkadot Defi...

Binance just led a $2.4 million funding round for Plasm Network, a multi-VM scalable smart contract platform on Polkadot ecosystem. This fundraising round has the participation of top funds: Haskey - DFG - LongHash - Paka Fund.

On Feb 9, 2021, Sota Watanabe - CEO of Stake Technology and also...

Polkadot just updated their launch roadmap.

Parachains are the last piece of core functionality to be delivered as outlined in the Polkadot whitepaper, and will allow Polkadot to realize its scalable multi-chain architecture. After a period of testing, optimization and auditing, parachains will...

Community of crypto enthusiasts & traders at Binance with the mission of raising the awareness of Binance’s ecosystem for its users. Backed by Illusionist Group

\#PolkaWarriors Weekly Issue.(dot)7
Lunar New Year begins with a new milestone

On the second day of new year, $DOT just officially broke its ATH - 30,2$. The marketcap of
Polkadot reaches $ 27B and is currently ranked 6th among the 10 largest coins in the market
https://twitter...

Equilibrium's will be conducting the PLO in two consecutive phases to secure parachain slots. For now, the PLO is the only way to get your hands on EQ, Equilibrium's core asset.

The first phase will be a token swap and the second will be a crowdloan. Both phases are risk-free as all contributors...

Director/Investor Partner at Illusionist Group | Founder DotMarketCap | Syndicator.vn |
Owner @PolkaWarriors & BinanciansVN

PolkaWarriors - A non-profit & unofficial worldwide community of $DOT hodlers., we aims to promote and educating the community with our knowledge and skills

What Is Crafting Finance
Crafting Finance is a synthetic asset issuance protocol and decentralized contract trading exchange based on the Polkadot contract chain. It natively supports multi-token collateral, including the token CRF issued by Crafting Finance, Polkadot (DOT), Kusama (KSM), Bitcoin...

At present, the Polkadot ecosystem is among the newest and most revolutionary ones in the crypto market. Due to the high cost when swapping assets on Ethereum, Curve Finance’s AMM is trying to find a solution on the Polkadot blockchain.

Recently, Equilibrium has just announced they would...

PolkaWarriors Weekly Issue.(dot)6

Topic: Inter-Chain Bridges are exploding

Inter-chain bridges are ways for two economically sovereign and technologically diverse chains to communicate with each other. Bridge designs come in a variety of flavors ranging from centralized and trusted to more...

What is Plasm ?

Plasm is a real-time module library based on Substrate. It is a place where developers can add Plasma features into their Substrate chain. By using this library, developers can build a blockchain which can be scaled within a couple of minutes. Substrate included two parts...

Polkadot Defi Alliance has gone live on Crowdcast to talk about the difference of $ETH DeFi & $DOT DeFi? With the participation of the most cutting–edge projects, PDA did answer this question as well as discussing about the future of Polkadot ecosystem.

https://dotmarketcap.com/event/62

The...

Plasm and Acala just announced that they have successfully transferred the first cross – chain message on Polkadot and Kusama’s testnet, Rococo, which marks a great milestone for the development of the whole ecosystem.

As the most cutting – edges projects running on this ecosystem, Acala and...

Plasm Network is a multi-virtual machines scalable smart contract platform on Polkadot supporting cutting edge layer 2 like Rollups

Smart contract is one of many critical success factors of Ethereum Network. But the problem Ethereum Network is facing now is lack of the ability to extend...

Top 7 Gainers Last week on DotMarketCap

$DOT $31

It can be seen that $XFT is getting the most attention as a private synthetics & DeFi protocol on Polkadot

Which project are you HODL?

$XFT $POLS $BONDLY $DEGO $FIS $PCX $OM