Stakin Bi-Weekly Newsletter Vol. 51
Your Bi-Weekly Read On All Things Proof-of-Stake - This Week: Polygon, Sei Network, Lido and more
In this week’s overview, we’re having a look at:
Stakin To Discontinue Staking Services for Dock
The Staking Podcast Sits Down With SSV Network
Stakin Joins The Solido Selected Operator Set
Polygon Announces zkEVM
Crescent Network Introducing Orderbooks & Ranged Liquidity
Keplr Wallet Dashboard 2.0 Is Now Live
Sei Incentivized Testnet
Stakin To Discontinue Staking Services For Dock Network
Important news for our Dock Network delegators. After mutual agreement and discussions with the Dock team, Stakin will stop providing support for the Dock Network validator node on July 31, 2022. We are grateful to each one of our Dock nominees for their support. The Proof-of-Stake ecosystem remains a priority despite ending our support for Dock. We will use this as an opportunity to redirect our resources and efforts to other protocols.
For more information, please have a look at our full announcement.
The Stakin(g) Podcast Sits Down With SSV
Through our serial podcast called "The Stakin(g) Podcast", Stakin aims to educate our delegators about the various Proof-of-Stake blockchain networks and initiatives on which we’re active. In our latest episode, we sat down with Alon Muroch of SSV Network.
Stakin Joins The Solido Selected Operator Set
We are delighted to announce that Stakin has been onboarded as a Solana node operator for Lido Finance, to enhance the decentralization further and support the protocol's development.
Lido is a liquid staking service across multiple Proof-of-Stake blockchains. Lido offers a Solana liquid staking solution backed by industry-leading staking providers. The service allows users to stake their SOL without locking assets or managing infrastructure. More information will follow shortly.
Polygon Announces zkEVM
On the 20th of July 2022, Polygon announced zkEVM, the first EVM-equivalent ZK L2. Before we dive any further into that, a ZK-Rollup is an L2 scaling solution in which all funds are held by a smart contract on the main chain. At the same time, it performs computation and storage off-chain where zero-knowledge proofs ensure the validity of the side chains. The Polygon zkEVM helps Ethereum’s need to scale, as it inherits the security of Ethereum while increasing throughput and reducing fees (meaning security and decentralization are not compromised).
The most exciting part? It’s fully EVM-equivalent. Thus, any smart contract or dev tool that you can use on Ethereum can be used on Polygon zkEVM. A ZKP is used by Polygon zkEVM, like any other ZK L2, to validate a batch of transactions on Ethereum. In contrast to other ZK L2, Polygon zkEVM uses plonky2, the fastest ZK technology, while providing developers and users with the ease of EVM-equivalence. With the Polygon zkEVM, Polygon aims to create uncompromised EVM compatibility.
Crescent Network Introducing Orderbooks & Ranged Liquidity
The latest Crescent Network upgrade v2.1.0 happened at noon UTC (block height 1384100) on the 18th of July 2022. Crescent Network aims to provide a connected DeFi functionality to the Cosmos Ecosystem that enhances capital efficiency and manages risks effectively. This upgrade is especially noteworthy as it introduces orderbooks and ranged liquidity to the Network’s Mainnet. With ranged liquidity, to generate bids and offers within a given price range, the same total amount of capital is compressed within a specified price range, leading to a greater order book and higher capital efficiency.
The upgrade allows for the following changes:
refactor matching logic and add ranged liquidity pools
add mint pool address for mint module, update budget plans for mint pool
use time-based queued staking and reserve unharvested rewards
bump cosmos-SDK to v0.45.3, ibc-go to v2.2.0
Keplr Wallet Dashboard 2.0 Is Now Live
The Cosmos Hub just got a fantastic upgrade, as the well-known Keplr Wallet just released its 2.0 version. With the upgrade, the wallet introduces NFT pfp, assets by chain or token, improved data visualization, chain-specific dashboards, and dark mode.
If you’d like to learn more about staking with Keplr Wallet - have a look at our ultimate guide.
Sei Incentivized Testnet
Sei Network’s incentivized Testnet is now live. Sei is an L1 blockchain with a built-in orderbook, aiming to enable an entirely new line of DeFi solutions, built using the Cosmos SDK and Tendermint Core. The chain focuses above all else on high throughput, dependability, and security, opening the door to a brand-new level of ultra-high performance DeFi products. Deep liquidity, an entirely decentralized matching service, and built-in orderbook infrastructure are all advantages for apps built on Sei.
A built-in on-chain orderbook on the Sei Network makes it simple for smart contracts to access shared liquidity. The Sei architecture enables modular, composable applications. The Sei Incentivized testnet is focused on performing decentralized network startup using GitHub genesis tooling, remaining online and participating through the completion of testnet, and carrying out IBC token transfers.
The Stakin sei_atlantic-1 faucet is currently in Discord, under the “FAUCETS” category. If you’d like to acquire some testnet tokens and try them out, you can go to the channel to request some tokens.
DISCLAIMER: This is not financial advice. Staking, delegation, and cryptocurrencies involve a high degree of risk, and there is always the possibility of loss, including the failure of all staked digital assets. Additionally, delegators are at risk of slashing in case of security or liveness faults on some protocols. We advise you to do your due diligence before choosing a validator.