Stakely's Monthly News Digest | November 2023 Edition

Welcome to our November blockchain news recap, a month filled with key events in the world of blockchain and protocols. From Ethereum's push for institutional staking to the exciting developments in Cosmos and Aptos, November has been a month of significant advancements and opportunities. Discover everything that has happened!

Institutional DVT Staking

This month, we celebrate the collaboration of Stakely with P2P in the launch of their new Institutional DVT Staking API. This tool simplifies integration for custodians, wallets, and exchanges, providing efficient and easy access to staking services. It's a pleasure to contribute alongside industry-leading validators in the task of reducing risks and enhancing security in Ethereum staking.

Stake ETH in our StakeWise Vault

For those interested in staking ETH on StakeWise, we have prepared a detailed tutorial for staking in Stakely's Vault, with just a 5% fee!

ATOM Inflation Reduction

With proposal 848, the Cosmos community has approved a significant reduction in ATOM inflation, from 14% to 10%. This decision will impact APR rewards, ranging from 19% to 13.4%, in line with ATOM's dynamic inflation system based on bond ratios or delegations. Notably, the community's participation in the vote exceeded 72% of total voting power.

Interchain Expands

DYDX, Celestia, and Bitcoin have joined Cosmos' Interchain, allowing greater cooperation between various blockchains. This opens new investment possibilities and enhances returns for users. Moreover, we operate as a validator on the dYdX blockchain, so you can start staking DYDX with Stakely!

Modular improvements with Eden v0.50

The Eden v0.50 update in the Cosmos SDK introduces significant improvements in modularity, performance, and security. Features like "Optimist Execution" and new signing modes optimize operations on the network, benefiting both developers and users.

Trust Wallet now supports the JUNO token, allowing its users to participate in staking this token. This integration represents a significant step in expanding the Juno ecosystem!

Avalanche has made remarkable progress with its Avalanche-cli tool, which now enables developers to create subnets in just 60 seconds, opening up a world of creative possibilities.

Archway is exploring some strategies to incentivize liquidity on platforms like Luna, Injective, MantaDAO, and Shade. If you have ideas about possible incentives and how they could promote Archway's growth and reach, you can visit their discord and share them with the team.

Quasar now offers the TIA/USDC Dinamic A+ Vault, while the nobleUSDC/USDT Vault has surpassed 6 million dollars. The stATOM/ATOM Dynamic S+ Vault has even reached over 36% APR. Check out the Quasar application to make the most of these yields!

Aptos has made significant moves, such as its partnership with Seoul Land amusement park and TEAMZ in Japan, aiming to redefine fan experiences and promote decentralized applications in these markets.

Evmos aligns with Ethereum, initiating a process to deprecate Cosmos transactions and burn fees until the third quarter of 2024!

Polkadot has shown notable activity in November, with developments like non-custodial price automation through OAK Network and the inclusion of agricultural assets, demonstrating the versatility and reach of its ecosystem.

Celestia has stood out as the first modular blockchain focused on data availability. With innovations like Blobstream and integration with Arbitrum Orbit, Celestia is driving scalability and interoperability in the crypto space.

Pipette: A liquidity solution and bridge for TIA

In a move to enhance liquidity on the network, Osmosis Zone has introduced Pipette, a liquidity aggregation bridge for TIA. This mechanism combines liquidity from multiple sources, resulting in better prices and lower slippage risk for users. Pipette, set to be activated in the last quarter of 2023, represents a significant advancement in connecting markets and improving liquidity across the network.

Staking with TIA

For TIA holders, Celestia offers the opportunity to contribute to the chain's security in exchange for rewards. Stakely facilitates this process with a step-by-step tutorial for TIA staking, allowing users to earn passive income and actively participate in Celestia's development.

Tokenized US Treasury Bonds

Injective has achieved a significant milestone with the introduction of the first interoperable tokenized US Treasury Bonds in the world. This innovation comes from Ondo Finance, a leader in connecting traditional financial assets with blockchain networks. These tokens, known as USDY, offer variable returns and are backed by US Treasuries, democratizing access to traditional assets and making them more efficient and manageable.

Helix Pre-Launch Futures

Helix, Injective's protocol, has started a section for pre-launch coins, starting with Celestia's blockchain. This move allows users to speculate and profit before the official coin launches on their respective SPOT markets. User acceptance has been remarkable, highlighting Helix's potential as a decentralized and secure platform for pre-launch speculation.

LP Rewards in Helix

Helix has also introduced a reward system for liquidity providers, simplifying and making the process of providing liquidity in the protocol more attractive. This represents an opportunity for users to earn additional rewards with just a few clicks.

Ninji: Injective's Native Wallet

November brought us Ninji, Injective's native ecosystem wallet. Ninji stands out for its ease of use, security, and instant connectivity with Injective's dApps. This wallet is designed to unlock the full potential of Web3, offering users a comprehensive experience tailored to the demands of a constantly evolving ecosystem.

With so much to celebrate, we conclude our November monthly recap. Stay updated through our social media for more updates, and let's get ready for what the last month of the year has in store. See you soon!