Discover more from Stakin Proof-of-Stake Roundup
☕️ Testnets, airdrops and new networks
Stakin's monthly newsletter recapping everything you want to know about the Proof-of-Stake ecosystem
Happy Saturday! We hope this newsletter finds you well! We've gathered some exciting updates from the blockchain world that we'd like to share with you.
Quicksilver Airdrop and Staking ATOM
If you're a fan of Quicksilver or staking ATOM, you won't want to miss this! Quicksilver has recently completed its first QCK airdrop by distributing 220,000 QCK tokens to eligible STARS stakers and depositors on the Quicksilver protocol. This airdrop aims to connect the StargazeZone and Quicksilver communities while promoting decentralization and community participation. To receive rewards in QCK and revenue distribution in ATOM, REGEN, and STARS, token holders are encouraged to stake their QCK to a validator with a high governance participation record.
In the future, Quicksilver plans to roll out similar airdrops to the communities of CosmosHub, Regen Network, and other onboarded chains. Validators' voting records and power are calculated using on-chain data, and the more decentralized and active a validator is in governance, the higher its multiplier score. Stake your $ATOM with Stakin here: https://stakin.com/stake/cosmos.
Sui Permanent Testnet
Sui has announced the launch of their permanent testnet, and Stakin is thrilled to say that we’re a part of the validator set. This will allow developers to test their applications on a more stable and reliable network. According to the Sui team, the new testnet will feature a more streamlined setup process, improved documentation, and enhanced developer tools. They also plan to integrate with popular blockchain ecosystems like Ethereum, Binance Smart Chain, and Polkadot.
Polygon zkEVM Beta Launch
Polygon has launched the beta version of their zkEVM! The zkEVM will enable faster and cheaper transactions on the network. According to the Polygon team, zkEVM is an EVM-compatible rollup that uses zero-knowledge proofs to bundle multiple transactions into a single proof, reducing the cost and time required to process transactions. The beta version is live on the mainnet, so check it out if you want to scale your transactions on Polygon.
DRPC Went Live!
The decentralized RPC network for Ethereum apps, DRPC, has officially launched! According to the DRPC team, this network aims to provide more reliable and decentralized access to the Ethereum network for developers. They're using a distributed system with nodes across multiple cloud providers, making it more resilient to outages and attacks. The network is live, so developers can build and deploy their Ethereum applications.
Learn more about it in this article from The Block.
Celestia Blockspace Race Phase 2
Celestia has announced the start of Phase 2 of their Blockspace Race! This is an excellent opportunity for developers to showcase their skills and win prizes. According to the Celestia team, this phase will focus on building decentralized apps that can run on the Celestia network.
Ethereum Shanghai Upgrade on Testnet
Ethereum's testnet has successfully forked in the Shanghai upgrade! This is excellent news for the Ethereum community, and Stakin is ready for the upgrade on the mainnet! Learn more about Shanghai in our latest article.
Stakin Shortlisted to Operate on Lido for Polygon
Lido has announced their Wave 2 onboarding for Polygon, and Stakin has been shortlisted to operate on their network! Lido protocol, a decentralized liquid staking solution, is onboarding to Polygon's wave 2 to support the native MATIC token. Lido will allow MATIC holders to earn staking rewards while having their assets available on the Polygon network. The onboarding process includes the selection of new validators on the Polygon network and will be carried out in a staged manner over several weeks. Lido will also collaborate with the Polygon team to explore more ways to improve the Polygon ecosystem. This move aligns with Lido's expansion plans to integrate with more blockchain networks beyond Ethereum, providing users with more options for staking their tokens.
Thank you for reading! We hope you found these updates informative and exciting. Stay tuned for more news from the blockchain world.
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.