Stakely Monthly Review | July Edition 2022
Welcome to our new Monthly Review edition! This time, it has been a month to remember, and not only because of the terrible heat waves, but also because of the amount of interesting events happenning in crypto!
What's new at Stakely?
We continue to celebrate at Stakely that our large community of delegators has not stopped growing. This month, the number of users who delegate their tokens to Stakely has reached 23,672! And we will never tire of thanking you and telling you that you are the fuel that feeds Stakely's engine.
New validators available: Persistence and Concordium
This month, we have added two new validators to keep growing our staking portfolio. That is, our validator in both Persistence and Concordium is now available for all those who want to delegate their tokens with us. In addition, you will find all the relevant information about these two projects on our website.
New APIs available in our Load Balancer
We're glad to share with you that we added new APIs to our Load Balancer: welcome Agoric! Now you will be able to switch both your Agoric RPC and LCP to our Agoric's balanced API.
Latest additions to our Multicoin Faucet
As for our Faucet, we have incorporated two new networks: Injective y Fetch.ai. Remember to make a responsible use of the faucet, which allows newcomer users to enter new chains and pay the fees of a transaction for which we have run out of tokens. In no case it will be a way to request free tokens to accumulate.
New content!
As for our contribution to the governance, we continue to vote for every proposal launched on-chain in every network we participate in. We will keep informing you of our votes through Twitter and Telegram!
As for the blog, this month's topics have been interesting, don't you think? Take a look at the titles and go check them in case you missed any of them!
On our Youtube channel, we have published a new guide on How to use Nomad Bridge, so you can easily reach projects based on Moonbeam, for example, as is the case of Covalent.
Remember you can always ask us any questions on our Telegram Stakely Chat, or you can also find us on our Telegram Announcements Channel, our Twitter, and our Youtube channel.
Updates on our supported projects
Cosmos
This month the Cosmos HackAtom came to Seoul, where developers and hackers competed to take home great prizes! This HackAtom happenned during the second day of the Cosmos-Con, a 3-day event with fantastic talks, workshops and networking... Teams were eligible for prizes worth $600,000 in ATOM/JUNO/OSMO tokens.
Couldn't make it to HackATOM? Don't worry, you still have the opportunity to attend Cosmoverse in Medellin on September 26, 27 and 28. Get your free tickets if you are a student or developer!
Fantom
Just a few days ago, Fantom announced a new partnership with a leading smart contract security company, Dedaub. Through this partnership, Fantom developers will have access to a range of new security and analytics tools, including Watchdog.
Polkadot
What's new in Polkadot is their new decentralised governance model, called Gov2, which aims to address some of the problems found in the previous system. Even so, they'll mantain some aspects of the previous model of governance:
50% of total staking will continue to determine the future of the system.
Conviction Voting will be maintained, giving greater weight to those who are willing to lock their tokens for longer.
The need for a technocratic collective will be maintained, although its importance, size, composition and membership mechanisms will change.
Moreover, some other aspects will be removed, such as the Council and the Technical Committee, also the alternative timetable for proposals, or the public queue of proposals, making the current governance much simpler. It will use referendum as a decision-making mechanism. In Gov2 there can be many referendums, all occurring simultaneously, increasing the number of motions that can be passed at once.
Last but not least, Polkadot has updated its staking platform with a new, clean and intuitive design.
Osmosis
Osmosis went through several problems due to excessive spamming on Discord, so it is recommended that you disable DMs from server members. You can do this by right clicking on the Osmosis server icon, clicking on "Privacy Settings" and disabling "Allow direct messages from server members".
The problem continued with several spam proposals that went on-chain on Osmosis: Proposals 283 and 284.
Terra
On 29 July, the blockchain was halted to allow all nodes to upgrade to the latest available software version, as approved in proposal 894.
The blockchain remained halted until 66.67% from the total number of validator nodes reached consensus again, successfully executing the blockchain upgrade.
Kusama
The winner blockchain of the last Kusama slot auction was Kintsugi. Congratulations!
Kintsugi is the canary network of Interlay BTC, an experiment with real economic value deployed in Kusama. Kintsugi and Interlay share the same code base, with the difference that Kintsugi is strictly focused on innovation and is always on the cutting edge in terms of features. It's bringing Bitcoin to the Kusama ecosystem.
Celo
During this month, Celo continued its Regenerative Finance movement, which aims to link actions that have an impact on the environment with investments in DeFi, and various events at the Celo Salon in Paris.
And following the approval of its proposal last month, Uniswap V3 has finally been implemented at Celo!
This month's edition of Kuneco, which summarises the most important events in the community, was held at the Salon de Paris. There, we talked about the incorporation of EthicHub, the funding protocol for small coffee growers, to Celo; the launch of Goodghosting V2 with new gamification features in DeFi, and finally cLabs also shared information about several actions it is carrying out, including the Mezcal project, an Incentivized and Canary Testnet for Celo.
Sifchain
The Sifchain team has been working on building the Peggy 2.0 bridge, which will connect Sifchain to any other EVM blockchain. This month, Sifchain applied for a grant from Cardano's Project Catalyst Ideas & Innovation Lab, to ask for support for the development process. This grant will allow them to connect both Sifchain and Cardano ecosystems, which would bring liquidity to the Cosmos ecosystem.
There was also Cosmos Trivia Night on Sifchain Discord, a community game with over 30 questions answered about blockchain and Cosmos, with a chance to win event-specific NFTs - the next one will be on August 11!
Finally, Citadel Onehas launched the Sifchain DEX app! Try the demo and read the tutorial for more information!
Ethereum
The new Goerli testnet was launched to further test the imminent Merge, the final test before the merge of the Beacon Chain with the Ethereum mainnet.
This month took place the fifth edition of the EthCC Paris conference, which consists of 3 intense days of conferences with more than 250 speakers and 100 recorded hours that you can access directly on the respective YouTube channels, including Vitalik's talk on the future of Ethereum!
NEAR Protocol
The NEAR Foundation provided Mintickt with a grant to develop the first version of the NFT ticketing platform. Mintickt is a ticketing platform that allows event organisers to sell their tickets as NFT on NEAR.
Next, NEAR announced its second big annual event: the NEARCON, with over 2000 attendees from the NEAR and Web3 ecosystem. See you in Lisbon, Portugal!
Avalanche
These are the latest updates that have been applied to the Avalanche explorer:
- New Home Page and Navigation
- New Subnet Stats
- Validator Information
- Smart Contract Verification and Publishing
Amberdata, the leading provider of digital asset data and information, will integrate Avalanche into its platform. The integration will bring granular and dynamic data about the Avalanche ecosystem to financial institutions that can leverage this data to drive research, trading, analytics and reporting.
Furthermore, Avalanche has announced the Avalanche Hacks Summer 2022, a virtual hackathon designed for developers around the world to solve key challenges in DeFi and GameFi, with $50,000 in prizes.
Crypto
The team has launched the Cronos Ecosystem Spotlight series, a series of interview articles covering projects being built on the Cronos network.
In addition, they've announced the block size of Cronos chain doubled from 20 million to 40 million gas, which means that the Cronos network will be able to process double transactions per day.
Covalent
Later this month Covalent announced its integration with Cronos, the EVM blockchain based on the Cosmos SDK, offering users the benefits of fast completion and low-cost transactions. Covalent's unified API helps Cronos meet the growing demand for Web3 services with a unified solution that increases efficiency while reducing congestion and workflows, which will help developers focus on scaling.
Secret Network
This month, Secret Network announced a $2M SCRT fund to help Terra (LUNA) developers use Secret Network in their applications. If you are interested, you can apply for your grant via their Github.
In addition, Secret Network has opened the doors to privacy for JUNO, LUNA, STARS and GRAV through IBC!
Have you heard about Secret Network's new partnership with Axelar? It will allow Secret Network to connect to Axelar's interoperability network, unlocking new ways to communicate and offer privacy to other blockchains, also for blockchains beyond IBC.
Finally, SCRT Labs revealed the next update of the Secret Network mainnet: Shockwave Delta, scheduled for September, as well as exciting new features coming to the blockchain, Cosm Wasm 1.0 and more.
Desmos
In Desmos, there are some updates regarding development:
Release of Desmos v4 documentation.
Release of Desmos Core v4: the complete set of modules to build any kind of decentralised platform.
Release of Desmos Bindings v1: a new package for creating a custom social networking framework.
Crescent
This month, Crescent Network was updated to v2.1.0 with the implementation of remote liquidity funds, budget plans and more.
In addition, Cresccent launched Crescent Bug Bounty, the incentivized testnet based on active user contribution, which resulted in the Crescent Bug Bounty report with a categorisation and explanation of reported bugs.
Solana
Solana hosted the Solana Summer Camp Hackathon, with over 3270 developer registrations from around the world and $5M in prizes and funding.
New project live on Solana: StackExchange, a Solana development platform where users can ask and answer questions related to debugging, setting up a validator, running an RPC node, how Solana works, etc.
Version v1.10.32 of the mainnet Beta has been recommended for general use by validators.
Marlin
The upcoming Marlin upgrade has been announced! This new upgrade aims to enable trusted execution environments and pave the way for interesting new use cases, such as DApps that can store users' private keys and launch event-driven transactions, decentralized frontend hosting services, decentralized backends to boost applications, dynamic websites, and much more.
Juno
The Juno Hack Medellin was announced during July! It consists of the hackathon sponsored by Juno that will take place this September at the Cosmos Conference, in Medellin, Colombia.
And finally, you will be happy to know that the exchange Kraken has listed the JUNO token, you can now exchange your JUNO for dollars or euros through their platform and vice versa.
And that's it for the July Monthly Review! 👋
We hope you enjoyed it and hope to see you all hooked to our networks this summer to keep up to date with everything happening in the most important projects in crypto!
See you in September with many more news and announcements to share! In the meantime, these is where you'll find us so you won't miss us:
Twitter: @Stakely_io
LinkedIn: Stakely
Telegram: @Stakely
Youtube: Stakely
