Stakely's Monthly News Digest | January 2023 Edition
With this monthly news summary from Stakely, we kick off 2023 filled with news, some much-anticipated, such as the steps towards the enabling of Ethereum staking withdrawals.
There are also updates, launches, and important protocol and function debuts for future crypto development that you can't miss! Welcome 2023! May it be a year of conquered challenges.
What's new at Stakely?
We haven't stopped for a second. How could we if we want to spoil our Stakely family! We're happy to tell you that our Stakely website Stakely, along with our Multicoin Faucet and Load Balancer are now available on the Magic.store decentralized app (dApp) platform.
This platform makes it easier to access the most popular blockchain applications. You can connect there with your Metamask or Phantom, to interact and even save our Apps to your favorites list. Comfortable, simple, and accessible, as you deserve.
We know that stopping learning is not an option in the crypto world, but it also doesn't have to be complicated, right? Nothing is more pleasing than a little support, so we have made new tutorial lists on YouTube, full of information and tips that will make your life easier:
And how to forget about passive income! We have added more networks to our REStake support, so we're ready to autocompound your staking rewards! You just choose us and that's it, we will take care of the compound interest of your rewards.
At every step we take, we have you in mind, grateful for your vote of confidence. You are the engine that drives us to bring you the latest news on our Telegram announcements channel, our Twitter, and our Youtube Channel. And when you want to talk, share ideas and resolve doubts, we will be happy to see you in Stakely Chat and Stakely Chat Spanish.
Project Updates
Ethereum
Ethereum successfully completed the first "shadow fork" of Shangai as a concrete step towards enabling ETH staking withdrawals. According to Marius Van Der Wijden, developer of the chain core, there were minor problems during the hard fork that were resolved assertively, highlighting that "the configuration is applied correctly and all nodes agree".
If the schedule set by the developers is met, the function to withdraw the more than 10 million ETH locked in the largest smart contract network in the world could be active in March.
Juno
This month, Juno performed its v12 upgrade (the largest since its inception), activating new features: sharing fees with developers, full support for cross-chain accounts (host + controller), chain account hosting, minimum deposit fees for governance proposal, Wasm v0.30, etc. Each activated feature focuses its goal towards a better chain development and therefore a better user experience.
Now Juno has a chat for Chinese-speaking users and also added a new listing on the Uphold financial services platform.
Finally, two new DEXs launched on the chain:
Hopers.io, which is defined as "the first IBC NFT Marketplace with revenue participation". It is fully driven by the community with the DAO governance token $HOPE, a CW20 token on Juno.
WYND, which has its own DAO). A curious detail is that it has a section called "gauges", where WYND holders can participate in weekly governance over the rewards distributed on its DEX. By voting in "gauges", users weekly choose to which pools to grant a higher percentage of profitability.
Evmos
Evmos seeks to perform its v11.0.0 upgrade. Therefore, it activated the governance proposal #112, whose voting period will end on February 2nd. If the proposal is approved, Evmos will implement the ICA host functionality on the main network and thus enable liquid staking support through liquid staking zones, such as Stride and Quicksilver.
With its "New Evmos liquidity incentive and full SpaceFi launch" proposal, it will introduce liquidity incentives (EVMOS) to SpaceFi (#109). Since the proposal was approved by the community, we will see how Evmos proposes to turn SpaceFi into an engine in its ecosystem with DEX, NFT, Spacebase, and Launchpad. The EVMOS liquidity incentive, as well as the full launch of the SpaceFi product and the SPACE token, will be carried out together. Exciting months are ahead!
Injective
Advancements in Injective don't stop. In January, Injective launched a $150M Community Fund to accelerate adoption by developers; on the other hand, Injective achieved a new milestone, with over 150M on-chain processed transactions.
The Cosmos ecosystem premiered the first $BONK perpetual futures through the Helix exchange, which included them in its platform in January.
For its part, Helix raffled among its users a Ninja Pass, a total access passport to the Injective ecosystem. The Ninja Pass emerged as part of the celebration of Injective's first anniversary and is used as a special pass for products, events, exclusive gifts from Injective. The Ninja Pass can be claimed through unique access codes found scattered in the Injective ecosystem.
Osmosis
It also underwent the v14.0.0 Update, also called the Neon Upgrade, which implemented important updates that allow for Osmosis's upcoming integrations, such as Mars Protocol and interchain exchanges.
Persistence
The Persistence team funds an ATOM/stkATOM pool incentivized with ATOM (for the first 60 days) on the Osmosis Zone DEX and a discussion has been published on commonwealth of Osmosis to change the incentive to one that is 50% in ATOM and 50% in OSMO.
And there is another incentivized pool in the works, this time on Crescent, where there is a draft proposal discussion on Crescent's forum to activate the ATOM/stkATOM pool. According to the tweet posted by pSTAKE_Cosmos, "Thanks to Ranged Liquidity, the pool will have much higher capital efficiency than normal AMMs with incentives in $CRE & $ATOM, all without letting go of $ATOM staking rewards."
Fantom
In January, it premiered "Vault", a funding fund to support the construction of new projects, which it will use LlamaPay for.
Traders can now analyze and trade over 20,000 tokens on the Fantom chain, thanks to its integration with the analysis platform, CoinBrain.
Celo
As promised, the guys at Celo revealed their technical roadmap "Celo 2.0" for 2023, at the end of January. This EVM-compatible and sustainable blockchain presented its goals in terms of alignment with the Ethereum roadmap, horizontal scalability, speed (they want to make Celo the fastest EVM L1), tokenomics and rewards, top-level developer experience and building blocks for wallets and applications.
Avalanche
Shopify users can now buy, sell, and mint NFTs on the Avalanche network, allowing them to bypass wallets such as Metamask. A great news, no doubt.
Another piece of good news for Avalanche came in January from Amazon Web Services, which is now compatible with Avalanche's blockchain infrastructure and dApp ecosystem. The goal of this alliance is to allow businesses and governments to launch and manage their own nodes on Avalanche, with just a few clicks.
That's it for our January news roundup, which kicked off 2023 with valuable news about the most important advancements in the ecosystems we follow. Here's to a year full of achievements. Happy 2023! 👋
