Monthly Update (Apr 21)
Lido for Solana, team retreat, Regen Network launch, updates on SKALE, Terra, Cosmos, and more!
Welcome to our monthly company update for April. Last month, we had our Q2 2021 company retreat, with half of the team attending in-person in Dubai!
Lido for Solana
We made a proposal to Lido DAO this month for Chorus One to build Lido for Solana. We are the number 1 validator by voting power on Solana and promoters of liquid staking. Our Solana network expertise and liquid staking experience put us in great stead to build liquid staking for Solana. A snapshot vote on our proposal will be voted on by Lido DAO on May 6th.
We are hiring for the following roles:
See more at: https://chorus.one/careers
This month’s tutorial of the month is how to stake $REGEN. Regen Network is a first-of-its-kind venture to create an open marketplace for climate solutions that has just launched on mainnet. Users are able to originate and trade carbon credits on Regen Network and stake $REGEN to secure the network. It is with great pleasure that we share with our subscribers a $REGEN staking guide done by our good friends at P2P. We also published an article covering the value proposition of the Regen Network. You can find that here.
Network Updates
Assets staked with Chorus One: $1,812,510,599
SKALE has had their biggest mainnet upgrade since their mainnet launched on October 1st. The Denali upgrade went live on April 22. The upgrade brings dapp-specific S-Chains, enhances network security, and gives users the ability to deploy gas-free dapps in milliseconds.
The Gravity DEX testnet competition is live for traders and there is $200,000 of prizes up for grabs. Gravity makes use of IBC and AMM to create a DEX whereby users can swap assets between sovereign Cosmos blockchains. Cosmos Hub also connected to Akash and IBC transfers are now available between both chains. A map of current Cosmos interoperability can be found here.
Solana has seen incredible traction and surpassed 16 billion transactions in a little over a year leading to SOL hitting a new all-time high this month.
There are now $1bn assets staked with Lido. We also submitted our proposal to build Lido for Solana, which can be commented on in the Lido forum.
The Graph is expanding further and has now been integrated into Moonbeam. Moonbeam, an EVM-compatible parachain on Polkadot. The Graph Foundation also announced the completion of their project ‘Scalar’. Scalar is a microtransaction solution that is built using Connext Vector and uses state channels to make queries faster and cheaper.
40,000 people took part in Mina’s token public sale on April 13. The initial public sale allocation was available solely on CoinList and sold out in under 4 hours.
Near’s rainbow bridge is now live. Users are now able to trustlessly bridge their ERC-20 tokens from Ethereum onto Near and vice versa.
New Silver, a pool of fix and flip loans on Centrifuge Tinlake, financed its first loan using MakerDAO as a credit facility. This is the first time that real-world assets (RWA) have been used to mint DAI.
Another milestone was hit in Ethereum’s road to Eth 2.0, as the Berlin hard fork went live.
Anchor, the savings application built on Terra, has had their first governance proposal come through, exploring a UI that allows the community (rather than just bots) to liquidate risky positions. For interested engineers, there will be a Terra Hackathon hosted by Delphi upcoming on May 5-7.
Following the corporate trend into the staking business, Deutsche Telekom has made a significant investment in Celo.
Ubisoft has joined Tezos network as a corporate baker. The Florence upgrade proposal is now in adoption phase, soon to be activated are contract operation size improvements, gas optimisations and intercontract calls on Tezos.