A little bit of Chit-chat
Talisman's new update introduces full support to Ethereum-compatible parachains Moonbeam, Astar and Acala, allowing users to move freely between dApps using Talisman without switching networks.
The Astar community approved the introduction of Zenlink, a native cross-chain DEX protocol based on Polkadot, to Astar's builders' program. Zenlink will deploy on the network. It introduces its Hybrid AMM, Standard AMM, Stable AMM, Smart Router (it can calculate the best swap routine for users), LP Farming & Staking and Trade Mining (incentives to traders who perform high-value swap transactions). According to the proposal, Zenlink will be ready to launch on July 3rd.
Polkadot Community Call Wrap Up 🌯
Polkadot hosted its monthly community call featuring updates from some of the projects in the Dotsama ecosystem. We have prepared a wrap-up of the main comments regarding each project present in the Twitter Spaces:
Chainsafe: This organisation, which is also working on Ethereum, Mina and FileCoin, came to Polkadot to build a snap, a plugin, that allows users to interact with Dotsama dApps using Metamask.
Phala: They just renewed their Kusama slot and have their chain live on Polkadot. After reaching 14,000 servers recently, they will enable fat contracts, a kind of decentralised program instead of the smart contract, which supports real-time computation-intensive tasks and have access to all the services even when they are out of the blockchains. Also, they just launched SubBridge, a router linking different cross-chain bridges and allowing asset transfer from one chain to any other chains which have been registered.
Manta: They will launch MariPay, the first private payment system in Kusama, in approximately 1.5 months. Also, they will roll out a privacy SDK for all parachain builders to offer their users a one-click privacy asset. Moreover, they will launch a privacy-preserving smart contract, so people can use a smart contract to manipulate private assets and get composability.
Equilibrium: They will integrate with as many parachains as possible, allowing asset holders to be able to leverage their holdings within their protocol. Next in their pipeline will be implementing Acala's stablecoin aUSD. They now have a successful testnet integration with Moonbeam, which will allow them to integrate their native assets into the Equilibrium network. Still, the goal is to attract other assets from the projects building on the Moonbeam Network to Equilibrium.
Tanganika Network: they are one of the most recent parachain auction winners, building an interchain marketplace for NFTs and other things. They want to bring Real World Data as NFTs so they can flow freely in different blockchains. They're migrating from Ethereum to Kusama to avoid Ethereum congestion and lack of scalability as an L2.
Harvesting Moons 🌕
People in the blockchain space say that it's time to build during bear markets. The Moonbeam Foundation seems to agree with that after allocating up to 1.5% of the GLMR genesis supply to a grant-based liquidity program named Harvest Moon.
The program comes after top applications have deployed into Moonbeam, providing the economic security needed by leading to DeFi DApps. Harvest Moon will run for three to four months, focusing on funding the core DeFi primitives required for the multi-chain connected smart contract vision to come to life.
In the first 24 hours of the program, the Total Value Locked of Moonbeam grew by 275%. Derek Yoo, the founder of Moonbeam, wrote on Twitter that they support "multiple teams using cross-chain messaging to create new unified user experiences". He also mentioned that "connected contract use cases" is one of the things he is currently "more excited about."
A Real Economic Impact 💥
Centrifuge shared a look into the performance of the New Silver Lend pool, an exciting use case that brings Real-World Assets (RWA) to DeFi. The pool, made up of tokenised NFT real estate assets used as on-chain collateral, just surpassed $30M in value. This makes it Centrifuge's largest pool by far.
So far, 217 assets NFTs have been created, with the majority of them financed and some of them already repaid. It's worth mentioning that New Silver is the first Centrifuge pool to mint DAI from Maker using RWA as collateral. Since its inception in November 2019, the pool has grown 30487%.
This week's crowdloans
Maybe it’s summer or maybe it’s the bear market but right now things seem pretty quiet on the parachain auctions.
Weekly Spot: A recently spotted Polkadot /Kusama native NFT
Mountain Spirits: Mountain Spirits watch the travellers by the fire. They listen to songs and conversations.
Wrap Up
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