Weekly news from Kusama&Polkadot #44
1. Aventus Network won the 26th auction on Polkadot
Aventus Network is the winner of the 26th auction on the Polkadot network by earning 200k DOT worth ~$1,5M from 134 contributors. The 200k DOT was also the cap that was reached.
Aventus Network is an enterprise-grade layer 2 parachain, that focuses on enabling companies to capitalize on a series of usecases such as NFTs, video games, loyalty schemes, event ticketing, supply chain provenance, and cargo management. Aventus use enterprise-grade modular architecture and future-proofs itself via blockchain interoperability.
2. Snow Network won the 51st auction on Kusama
Snow Network won the recent 51st auction on the Kusama Network. By earning 13 902 KSM worth $710k from 775 supporters, it overcome Bit.Country.
Snow Network is a long-term incentivized network for cutting-edge development backed by the ICZ token. Snow will serve as a canary network for Ice. Snow comes packed with a set of top-tier features such as full EVM and eWASM-compatibility, BTP cross-chain interoperability optimization, and the backing of a vibrant L1 community.
3. Mangata X launched liquidity bootstrap of MGX/TUR LP
Mangata X is a new style DEX that already got its own parachain slot on Kusama. As with every other canary network, it serves similar purposes as the main network, but as well it’s kind of a testing place for Mangata DEX, which will be once launched on Polkadot.
The main advantages and qualities of Mangata and its canary network are no-gas transactions and front-running protection. Mangata has a revolutionary consensus mechanism called Proof of Liquidity, which means that the stake is used as liquidity in Mangata DEX.
The first bootstrapping event was concluded in Mangata X last week. Users can now enjoy trading of MGX/TUR token pair on Mangata X decentralized exchange! During the MGX/TUR liquidity bootstrapping event, 32 mil MGX and 1.3 mil TUR were added to the liquidity pool. You can read more about MGX/TUR liquidity bootstrapping event in this article from the Turing network itself.
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Liquidity bootstrap is a technique by which you can attract liquidity providers to invest their resources into various AMM pools, providing a smoother trading experience for average users. Bootstrapping event usually takes a few days and offers attractive rewards to LPs so they have the motivation to bring their liquidity to the protocol. Deeper liquidity enables low slippage for trade orders.
4. Energy Web launched Switchboard, tools to administer decentralized identifiers and verifiable credentials
Energy Web launched Switchboard, which is a set of tools to administer decentralized identifiers and verifiable credentials usable for organizations, users, and assets. The launching of Switchboard is a big milestone in Energy Web’s long-term technology roadmap.
EW Switchboard is an open-source tool for identity and access management (IAM) for users, assets, and application developers that leverages SSIs (self-sovereign identities), DIDs (Decentralized Identifiers), and VCs (Verifiable Claims) for authentication, authorization, and accounting.
Energy Web is the world’s largest energy blockchain ecosystem, which was built in close cooperation with the Web3 foundation, which stands behind Polkadot’s code. Energy web is a global non-profit organization accelerating the clean energy transition by developing open-source technology solutions for energy systems.
5. Polkadotters will host AMA on Twitter Spaces with Astrid DAO
Polkadotters will host a second AMA on Twitter Spaces after the premiere which happened on August 11th with Nikolay Wolf from Gear.
Recent AMA on Twitter Spaces will be with Matt, a community leader from Astrid DAO. Join our discussion about AstridDAO and stablecoins not only in the Dotsama ecosystem.
Set your reminders for TODAY at 9:00 AM (UTC) / 11:00 AM (CEST). Use this link for setting your reminder: https://twitter.com/i/spaces/1OdKrzEQlmOKX
AstridDAO serves as a decentralized global reserve bank. AstridDAO has its own multi-collateral stablecoin BAI. AstridDAO is a project built on the Astar Network.
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