Latest blockchain news: September 2024
Welcome to our monthly news roundup! This September has been an exciting month not only for various crypto projects but also for significant milestones at Stakely, aimed at enhancing your security.
Stakely obtains ISO/IEC 27001:2022 Certification
We are thrilled to share that we have obtained the ISO/IEC 27001:2022 certification after successfully passing the SOC 2 Type II audit by Prescient Security. This achievement reinforces our commitment to maintaining the highest security standards and providing a safe environment for our staking community.
Because security is non-negotiable!
Stakely becomes an Exocore validator
We are excited to announce that Stakely is now part of the second cohort of Exocore validators. This collaboration underscores our commitment to innovation in omnichain restaking and our focus on security and decentralization. We are always aligned with projects that bring real value to the ecosystem.
Updates from Stakely-supported blockchains
Injective
New Injective BUIDL by BlackRock on Injective
Injective has launched the BUIDL index, a tokenized fund backed by cash and U.S. Treasury bonds, available exclusively on Injective's dApps. This index offers low costs, starting from $1, transparency in investment flows, monthly dividends, and leverage options.
INJ token becomes more deflationary
Proposal #429 has approved a 36.93% decrease in the INJ token supply, setting a maximum of 63,072,000 tokens. Check out the updated tokenomics.
SA World and Injective partnership brings benefits
To commemorate their partnership, SA World offers a 5% instant Booster on xEntropy for staking INJ tokens on The Great Escape, with additional bonuses for Injective Badge holders.
Sonic
Chainlink, Dune, and Alfred integrated into Sonic Mainnet
Sonic's mainnet now features Chainlink Data Feeds and CCIP for accurate market prices and secure transfers. Alfred Trade bot provides personalized DeFi assistance across various networks, including Ethereum, Base, Arbitrum, Blast, and Solana. Dune offers comprehensive on-chain data access for detailed transaction volume and performance metrics analysis, enhancing Sonic's robustness and reliability.
Sonic testnet begins with performance and cost improvements
The Sonic testnet has started, offering 400 ms response times and 720 ms transaction completion. Developers can enjoy a 90% reduction in fees without gas or wallets.
Equalizer, the first DEX on Sonic's testnet, is already showcasing the network's capabilities. Visit the public testnet to experience Sonic's speed and performance.
Collect sonic gems with Sonic Labs' Rewards Program
Sonic Labs invites users to collect Sonic Gems through its rewards program at soniclabs.com. Accumulate points redeemable for S token airdrops. Maximize your benefits in the Sonic ecosystem!
Osmosis
Osmosis connects BTC to Cosmos
In a historic collaboration, ICP, Dfinity, Omni Network, and Osmosis have introduced ckBTC, a native BTC representation in the Cosmos ecosystem. This innovation ensures 1:1 parity with Bitcoin and enables its use in the DeFi space. This development greatly enhances the DeFi experience on the Osmosis DEX, facilitating secure, direct transactions between Bitcoin and Cosmos.
Polaris preview test
The new Polaris platform on Osmosis will be available in October in its pilot version. Polaris will allow early access users to move assets between multiple chains like Bitcoin, Ethereum, and Cosmos, improving ecosystem interoperability.
Osmosis v26 update
Osmosis v26 introduces revenue-sharing agreements with non-native projects and significant software enhancements, including Ledger functionality with a smart account module, expanding DEX capabilities. Read more.
Celestia
Market Share increase to 40%
Over the past three months, Celestia has increased its market share in data availability from 10% to over 40%, according to Blockworks Research.
This growth highlights Celestia as a sector leader, with Eclipse as its largest user and LightLink as the second largest consumer. This progress underscores the community's growing trust and adoption of Celestia's innovative solutions.
Lemongrass: Celestia's first major update
Celestia has successfully launched its first major update, Lemongrass. This update has been smoothly implemented on the mainnet, introducing 1-click interactions via IBC and ICA, among other significant improvements. Lemongrass represents an important boost in Celestia's modular ecosystem roadmap, facilitating greater interoperability and efficiency.
Cosmos
Gaia v20 approved: New ICS capabilities
The Gaia v20 update has been approved, allowing the launch of opt-in, permissionless consumer chains in Cosmos Hub's Interchain Security (ICS).
Hydro launch: maximize your ATOM staking rewards
Take full advantage of your ATOM staking rewards by voting in Hydro! To participate, simply convert your ATOM to its liquid staking version, send it to the Neutron network, and lock it on the Hydro platform. This way, you'll gain voting power and support the launch of new blockchains.
Additionally, Governance Proposal #955 has been approved by the community, allowing the custody transfer of Proof-of-Liquidity implementations from the community fund to the Hydro committee, thus improving liquidity management.
Euro regulated in Cosmos
Cosmos welcomes the EU MiCA-compliant regulated euro through the Monerion and Noble alliance. This stablecoin is backed 1:1 by euros and is available via IBC, facilitating interoperability and financial stability within the ecosystem.
Polkadot
Goodbye to auctions
Developers on Polkadot no longer need to participate in auctions or lock up DOT to create applications. With the introduction of Agile Coretime, it is now possible to purchase resources in advance and negotiate core times in secondary markets. This innovation facilitates continuous development and accelerates the process of launching new apps in the ecosystem. Learn more.
Empowering the community
Polkadot continues to empower its community with the Polkadot Roots initiative, driven by Events Bounty. This initiative provides tools and resources for organizing community meetings, amplifying Polkadot's voice, and fostering collaboration and innovation across the ecosystem.
Enhanced scalability and elasticity
As Polkadot 2.0 approaches, Elastic Scaling is being developed to improve parachain scalability, allowing the use of multiple cores, alongside Agile Coretime and Async Backing. These enhancements are crucial to ensuring Polkadot remains a robust and flexible platform for all types of development.
Archway
Key integrations and collaborations
Archway continues to strengthen its ecosystem with key integrations and new collaborations, including Balanced, a decentralized cross-chain exchange protocol that also offers lending.
Additionally, Euclid Protocol has provided its unified liquidity layer to Archway, facilitating the construction of solutions in Cosmos, Solana, and Ethereum's Layer 1 and Layer 2. These strategic alliances aim to improve Archway's interoperability and efficiency.
Stakely includes Archway in the Web3 Load Balancer
Stakely has included Archway in its Web3 Load Balancer, a free and accessible API service designed to optimize the performance and availability of decentralized applications by efficiently distributing traffic across multiple nodes or backend servers.
Governance proposal #49 approved
The proposal authorizes Archway to reduce the active validator set to 40 and adjust the inflation rate to 2%. This decision aims to enhance the long-term stability and sustainability of the Archway ecosystem. Read more about this proposal.
Quasar
STRD airdrop distribution begins
Over 19 weeks, 5M STRD tokens will be distributed among wallets that participated in the stTIA/TIA Dynamic S+ vault. The allocation will be directly sent to wallets, with no need to claim.
Additionally, 50,000 STRD tokens have been reserved for users who participated in the stSAGA/SAGA Dynamic S+ vault between April 9th and July 18th. These tokens are also currently being distributed to eligible accounts.
Evmos
Farewell to WRAP tokens
The implementation of Single Token Representation has eliminated wrapped tokens on Evmos. Now, native Cosmos tokens have ERC-20 versions, and there is no need to submit governance proposals to introduce new tokens in Evmos' EVM.
Ethereum
Soneium: Sony's layer 2 connecting web3 to internet services
Sony Block Solutions Labs has launched Soneium, a public Layer 2 on Ethereum designed to connect Web3 with internet services. The goal is to promote an "open Internet that transcends borders." Alongside this launch, the public testnet called Soneium Minato has been introduced.
Sony Block Solutions Labs has also initiated the Soneium Spark incubation program, offering up to $100,000 in rewards per team, along with infrastructure support and industry connections.
EigenLayer reduces unlock time to 7 days
EigenLayer has implemented a reduction in the waiting period for delegated EIGEN token withdrawals, now set at 7 days. This measure aims to mitigate liquidity risks and better adapt to future market changes. Concurrently, EigenLayer has initiated the claim process for the EIGEN Season 2 Stakedrop, benefiting stakers, operators, partners, and early supporters.
Sui
Sui incorporates USDY, the first tokenized real-world asset
Sui has incorporated USDY, the first native tokenized asset on its platform. This innovative development aims to explore new use cases for both users and developers, expanding the horizon of possibilities in the Sui ecosystem.
Win a DeLorean EV!
DeLoreanLabs, the Web3 version of DeLorean Motor Company, has formalized an alliance with Sui. To celebrate, they have launched the NFT Time Capsule, allowing participants to enter a giveaway for a DeLorean EV.
A total of 8,800 free minting NFTs will be distributed!
Stakely at Merge Madrid 2024
In October, we will sponsor Merge Madrid 2024, an event focused on decentralized finance, technology, and blockchain, alongside major financial and technological institutions. We are proud to be both speakers and sponsors of this prestigious event.
Merge Madrid will feature over 200 prominent speakers, providing a unique space to learn from industry leaders, stay updated on the latest trends, and expand your network in the Web3 and blockchain technology space. Our CEO, CTO, and CMO will be present, sharing their insights and vision on DeFi.
Don't miss this opportunity to meet us and learn from the best!
