Sui Wave 2, Dymension Testnet, New Ethereum Updates, and more..
Welcome to the January edition of our Staking Newsbites newsletter! As we kicked off a new year with lots of activities, we're excited to share the latest updates and insights on the world of staking. We've got all the information you need to stay ahead of the curve, from new projects and partnerships to developments in the ecosystem. So sit back, relax, and enjoy the read!
Stakin Tech Updates
In January, the main upgrades and adjustments for the 40+ networks that Stakin operates on were:
The Polygon V0.3.1 Hardfork, on Tuesday the 17th of January, at 10:45 UTC, Polygon Labs the lead company behind the Polygon Network, reported the successful completion of the hard fork. The hard fork was designed to reduce instances of spiking gas fees and disruptive chain reorganizations known as “reorgs”. The hard fork included two proposals put forth in December 2022, which were approved by 87% of participating validator teams (however, it is worth noting that only 15 out of 100 validators voted). The first proposal adjusted a mechanism that sets gas fees and aims to keep prices low when there is a lot of activity on the network. The second proposal aims to reduce the amount of time it takes to complete a data block and prevent frequent reorgs.
Another big update in Proof-of-Stake was the CRO v1.0 Galileo Update of Cronos Network. Major improvements were introduced in Cronos v1.0, including mempool prioritization to scale TPS, optimized node storage with a 30% reduction, node performance improvements such as GRPC queries concurrent responses and a generalized reduction of node start-up time by ~50%. Additionally, new Cosmos functionalities were introduced to pave the way for greater EVM/Cosmos interoperability, such as IBC incentivization and IBC token transfer memo field.
In other Cosmos-based tech news, Stakin successfully completed the Game of Chains. We are excited to announce that we have successfully placed in the top 25 validators of Game of Chains. We look forward to continuing to work with all Cosmos validators in the upcoming year. Check out the leaderboard at https://interchainsecurity.dev/game-of-chains-2022#scoreboard
Finally, Skale, a leading provider of high-performance blockchain solutions, announced that it would be launching a zk-RollUps in January 2023. This initiative aims to bring the benefits of zero-knowledge proofs to the Skale ecosystem, which will further enhance the privacy and security of smart contracts and other decentralized applications built on the platform. This move by Skale shows a commitment to staying at the forefront of blockchain innovation and meeting the evolving needs of its community. More info here.
Stakin Joins SUI Wave 2 and Dymension Testnet
We are pleased to announce that Stakin is now operating a validator on SUI Testnet Wave 2. The Testnet offers a wide range of opportunities for participation, including running a full node, delegating, building, playing games, and trying out apps. All builders, delegators, and users are invited to take part.
For us, Testnet Wave 2 serves as an opportunity to test our validator infrastructure and contribute to the development of the testnet, specifically in the areas of epoch management, tallying rules, storage funds, tokenomics, and stake delegation. We look forward to the upcoming validator games, focusing on gas mechanics and providing valuable insights. More info on SUI Wave 2 via the tweet below.
But Sui Wave 2 wasn’t the only testnet we joined in January. We also joined Dymension Testnet. Dymension is a home for easily deployable and lightning fast app-chains called RollApps. Learn all about it in our latest thread.
Co-Marketing Week With Stader
During January, Stakin launched its first co-marketing campaign with our friends over at Stader Labs. The week was focussed around education for our current and potential delegators in regards to staking $NEAR and NearX, the validator specific program of Stader NEAR and the ins and outs of Liquid Staking. We also held an AMA with Stader’s Anoothi, Head of NEAR and Aptos on Stader. You can find the recording via the link below.
Stakin Celebrates 1 Year on Lido Finance
We are thrilled to announce the one-year anniversary of our operation of $stETH Ethereum nodes for Lido Finance. During the past year, we also started operating on Lido for Solana, and we hope to further expand in the future with other networks in the future as we believe Liquid Staking to be a feasible DeFi solution. We extend our heartfelt gratitude to all of our delegators and the broader community for your ongoing support. We look forward to another successful year
Ethereum Post Merge Update
A lot is going on in the Ethereum ecosystem past merge. From the discussions about Proof-of-Stake, new DApps and interoperability to the Shanghai update, learn all about it in our latest video.
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.