Monthly Update (Oct 20)
Celo on Anthem, NEAR staking rewards, Oasis ROSEgarden, website updates, etc.
We made a minor overhaul of our website and added lots of information on the networks we validate on and other projects we pursue! Check it out here.
We are hiring for a crypto-native Research Analyst role. Please apply or forward suitable candidates to us if you would like to help us navigate the ecosystem and grow our business!
We continued work on our IBC practice and received support from the Interchain Foundation to allow Cosmos SDK light clients to be deployed as WASM bytecode. We are also working on another, yet to be announced, bridge project and hired another engineer, Mateusz, who will work with us on these projects.
Network Data
Snapshot data from November 2, 2020:
We published our staking guide for Celo that walks CELO token holders through the validator voting process and allows them to observe their portfolio in Anthem. Anthem is the only graphical interface to stake CELO tokens and to participate in governance, check out the guide and try it out yourself here.
Staking rewards are live and NEAR holders are currently earning a relatively high APR of 15.74% since the staking ratio is still somewhat low at ~26%. Non-custodial staking is possible via the official wallet, learn how to use it here.
In other news, Balancer - a protocol for programmable liquidity - has announced their plans to expand their AMM protocol to both NEAR and Oasis.
In preparation for activation of transfers and the full mainnet rollout, Oasis unveiled the ROSEgarden, an interesting token distribution mechanism that allows community members to farm ROSE tokens by temporarily depositing up to 2,000 USDC on CoinList and subsequently staking ROSE for an even bigger allocation. Learn more and register here.
Kava-4 went live introducing the HARD Protocol, a cross-chain money market. We’re grateful to all our Kava delegators, whose support has enabled us to become the 4th biggest validator on the network!
The Stargate upgrade that will introduce IBC functionality is in the process of being tested. A governance proposal to determine when the upgrade will be activated on the Cosmos Hub is being drafted and will be put up for voting soon - it appears that a mainnet launch before the end of the year is likely.
The fifth Cosmos hackathon Hackatom V just finished and community voting to allocate the $50k price pool is about to begin. Learn about the projects and vote here.
Audius, one of the most popular non-DeFi crypto projects, has decided to migrate their content management system to Solana, while staking and governance functionality of the AUDIO token that was recently airdropped to early users will remain on Ethereum. Read more here.