Monthly Update (Apr 20)
Monthly Update (Apr 20)
Web3 Grant to Bridge Cosmos and Polkadot, Celo and Free TON Betanet Launches, Liquid Staking Report Draft, and More!
Dear readers,
Welcome to the roundup of another busy month for the Chorus One team. The ecosystem’s move to Proof-of-Stake and advances in blockchain interoperability are taking place at an increasing pace.
We made significant progress on our Web3 Foundation grant to build a part of bridge that would allow Substrate (Polkadot) and Cosmos SDK blockchains to interoperate. Learn more in the official announcement.
We published the first draft of our Liquid Staking Research Report. Feel free to read and leave comments here, or watch the recording of Felix presenting results in the latest working group call.
We joined the Free TON community and are participating in the decentralized launch of the Free TON network. Learn more about this community-driven effort to launch a blockchain based on the TON protocol here. The first version of the betanet launched today and can be observed here.
Network Data
Snapshot data from May 1, 2020:
The Game of Zones competition started and is currently in its first phase. There are many awesome community visualizers and dashboards that enable you to explore the brave new world of blockchain interoperability. Find out more here.
Our zone is still in stealth for phase 1 of the competition, which is focusing on maintaining liveness while sending as few IBC packets possible. The 2nd phase of the competition will focus on throughput and our zone will have a surprise in store for that, so stay tuned by following our Twitter!
The release candidate for Celo mainnet launched with over 50 different validator entities from around the world!
The first governance proposal to activate validator elections and rewards already took place, with a second to activate transfers and delegator rewards to follow. You can observe the network using the The Celo block explorer by Bi23.
Celo’s live dutch auction on CoinList is happening May 12. If you’re interested to participate, visit the official CoinList auction page that contains all the details.
We’re live on the betanet of Centrifuge’s Substrate chain that aims to bridge real-world assets into the decentralized finance ecosystem. We also recorded a podcast with Centrifuge’s CEO Lukas Vogelsang to discuss the problem the project is solving and their roadmap.
Terra is the third most successful blockchain measured by transaction fees spent on the network. The network that integrates many real-world payment solutions has managed to keep significant traction allowing it to consistently pay an annualized ~10% yield to stakers without diluting the staking supply!
Learn more about the network and core team in the latest 2-year anniversary community update.
Other Content
Band AMA with CTO Sorawit and CPO Paul on oracle space and Band’s solution to feed in off-chain.
Make sure to subscribe to our podcast and please leave a review! Last month’s episodes:
#35 - Centrifuge & Tinlake: The OS for the Financial Supply Chain with Lucas Vogelsang
#36 - Band Protocol: Off-Chain Data for the Internet of Blockchains with Soravis Srinawakoon
#36 - Zoning Out