On Chain Statistics
What’s amazing about the Ethereum community is you get random geniuses that appear out of no-where once in a while. That’s exactly what happened with Heiswap, a mixer service written by Kendrick Tan after reading Vitalik’s proposal to create an on-chain mixer (https://kndrck.co/posts/introducing_heiswap/). On-chain privacy is coming soon as research about zero knowledge proofs accelerate as a whole. It’s still hard to say whether we’ll truly get there since on-chain transfers are always public. To clarify this even further, any on-chain privacy relies on network effects to mask the inputs and outputs from the hidden black box.
Money legos are sparking the imagination of developers. In the latest edition, we see PoolTogether a lottery where the money earned from the pooled interest results in a payout but no one ever loses the original amount they put in. I’ve seen more threads on Twitter describe even more scenarios of this.
Expanding on putting capital to work, Edgeware’s lock drop is an interesting case. In case you’re not up to speed, rather than doing an ICO, Edgeware created a model which you can lock ETH up to earn tokens. Alternatively, you could “signal” participation based on your existing ETH balance (of course with lower rewards). Now the whole plot takes a twist is that they allowed contract creators to signal locked funds last minute. Hm, I wonder what contract has plenty of ETH locked up… Parity multi-sig which self destructed. Pure on-chain governance always sounds great on paper although no execution of it so far has resulted in a fair approach. Seems to be majority of the Polkadot ecosystem heavily favours those who have a lot of capital to begin with. Shower thought: if someone recreates a future coin that intentionally begins with PoW distribution with plans to switch to PoS at a specific date you’d get an interesting on-chain governance dynamic. Ethereum fits the bill in this regard but I don’t think it’d be practical by this point. This thread by Darragh Browne sums it up pretty well.1/ TLDR thread (sorry!) requested by I guess I was asking: * Who the heck signalled with ETH, and would it be distributed to actual owners of ETH in that contract? It was senior Ethereum dev to prove a point, see:
Nick Johnson (📛 arachnid.eth) @nicksdjohnsonI used the account that deployed the DAO Withdrawal contract to signal on Edgeware.
On Chain Statistics
Total Locked in DeFi: $650M. We’re up by almost $50m! wen $1B?
Biggest Gainer: Compound is on a roll with over $50m locked up in their contracts, up by $10m from last week!
Interesting Stat: wBTC gains on the chart with approximately $7.1m locked up. If we can grow this pie, cheap leverage on Ethereum will be coming very soon.
Earlier last month, Keyrock and AirSwap joined forces with the vision of democratizing liquidity and token accessibility. With this initiative, any individual or team can add their token to AirSwap and receive free liquidity services from Keyrock. Learn more about the initiative on Keyrock’s website.
Totle released a blog post entitled “The Astounding Progress of DEXs” and highlights AirSwap’s strengths in simple, intuitive design: "In a huge improvement from the early days of DEXs, developers have created user experiences that now compete with centralized solutions. A great example is AirSwap 2.0’s visually appealing interface."
Replaced homebrew web3 connectivity with Blocknative integration
Improved exchange UI to make implicit leverage more clear for each order
Added expiration value to Position Token balances in the MPX wallet
Existing decentralized exchanges settle trades on-chain. We just launched a testnet TEX, our Trustless EXchange, that performs trades off the chain, traders always keep custody, can trade without blockchain fees and much quicker than on any other DEX.
Cumulus is an extension to Substrate that makes it easy to make any Substrate-built runtime into a Polkadot-compatible parachain. Cumulus now covered in the Polkadot wiki.
The first PolkaWorld Workshop will be held at Zhejiang University.
New article on interoperability between Bitcoin and Polkadot
New article on how Polkadot can improve on-chain governance
Web3 Foundation is providing grants to build the Web3 ecosystem.
New job openings at Web3 Foundation: come help build Polkadot.
More speakers announced for Web3 Summit.