The Stakin Bi-Weekly Newsletter 52
The Stakin Bi-Weekly Newsletter 52
Stakin Joins Lido on Solana, Ethereum Merge MEV Ready, Polygon Staking Rewards and more..
It’s been a couple of eventful weeks in the blockchain space once again. Therefore, we’re breaking down some of the highlights in this latest version of our newsletter. In this weeks’ news:
Regen Network Ledger V4 Upgrade
Stakin Is MEV Ready!
Stakin Joins Lido on Solana
Solana Off-Chain Store
Polygon Distribution of Staking Rewards Update
Regen Network Ledger V4 Upgrade
Last week, Regen Network introduced the long awaited Regen V4 Ledger upgrade, with the aim of making the protocol the main ReFi (Regenerative Finance) chain. The upgrade introduces marketplace funcionalitiy as a submodule within the ecocredit module that supports a storefront model for buying and selling credits. Additionally, on-chain projects are now supported by the ecocredit module, thus allowing ono-the-ground projects to provide ecosystem services that will be represented on-chain.
The Regen community is able to submit proposals to add allowed denoms following the V4 upgrade. Proposal 13 sets the guidelines for evaluating future governance proposals to enable specific currencies in Regen Network's marketplace.
Stakin is MEV Ready!
In anticipation of the Ethereum Merge, Stakin is now MEV ready. In a nutshell, the MEV is the value that is extractable by miners and searchers from smart contracts as cryptocurrency profits It is estimated that the implementation of the MEV could increase delegators’ revenue by approximately 50%. Thus, we ensured our infrastructure is ready for the Ethereum Merge and MEV to benefit from this.
Stakin Joins Lido on Solana
We’re thrilled to announce that Stakin has been onboarded as a new node operator for Lido on Solana, to enhance the decentralization further and support the protocol’s development. As part of Lido’s continued effort to decentralize the Lido on Solana protocol, Lido conducted an open onboarding application and evaluation round beginning in May 2022 for the inclusion of additional Node Operators into the Lido on Solana operator set.
Following the evaluation of 45 applications by the Lido Node Operator Subgovernance Group (LNOSG), a cohort consisting of 5 operators were shortlisted and sent to the DAO for approval, which was finalized and approved via a snapshot on July 12th, 2022. Stakin is excited to be a part of the operators and is looking forward to participating on Lido even more. For more information have a look at the full announcement here.
Solana Off-Chain Store
According to Decrypt, Solana is set to open their first “in real life” store in New York. The new store, Solana Spaces, is being opened in Hudson Yards and is being sponsored by the Solana Foundation, which created the blockchain network of the same name.
Polygon Distribution of Staking Rewards Update
On July 30th, Polygon announced the adjustment in the distribution of staking rewards according to their previously set-out staking rewards theory. Rewards have now entered Year 3, where they should have been around ~6.75% APR assuming 40% staked. As Year 2 rewards were slightly higher, Year 3 has been adjusted. For all the information, see here.
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.