Hey Readers👩💻,
Another two weeks have flown by, and so, here we are with this week’s bi-weekly news. In today’s newsletter, we’re discussing:
- Stakin Validator For Polkadot
- $rFIS & 2-way #rBridge are Live on StaFi Mainnet
- Althea Gravity Bridge Announcement
- Terra Money New Investment Round & Mirror Protocol
- Mina Testworld End
- Regen Network Microsoft Announcement
Stakin Now Part Of 1,000 Validator Program For Polkadot
We are happy to announce that earlier this week, Stakin became part of the Polkadot validator set. If you’re interested in staking your assets with us, you can do so by sending them to the following address:
14Uu59k5VLBz3zLMaEe3LBcqRLfKw2VJu2D3krxTssREjDJc
You can also look for Stakin using the Polkadot JS App!
$rFIS and $rETH and 2-way #rBridge are Live on StaFi Mainnet
In November last year, StaFi Network announced their Eth 2.0 liquidity staking contract, which lets users participate in Eth 2.0 through the staking contract deployed on Ethereum by StaFi. Users were allowed to stake with as low as 0.01 ETH instead of the 32 ETH proposed by the Ethereum foundation. In addition to that, when a user stakes PoS assets, they are issued the equivalent amount of rtokens (reward tokens), which can be traded on a variety of venues. Find all the details on rETH here.
Additionally, rFis was announced in the final week of November 2020. This solution released rFIS, the staking liquidity solution for the Mainnet FIS. rFIS is the first rToken launched by StaFi. Through rFIS, StaFi solves the liquidity problem for FIS stakers and increases node revenue for validators, and increases StaFi’s staking rate.
And now, the rBidge is live on Mainnet! That means you can convert your rETH or rFIS assets at a 1:1 rate. With this implementation, it will be easy and fungible to trade rETH on StaFi.
Althea Gravity Bridge Announcement Cosmos
Althea Network, a long-term participant in the Cosmos ecosystem, announced their Gravity bridge for Ethereum to Cosmos (and the other way around) on January 19th. Gravity is an evolution of the Peggy bridge, which Althea has been working on together with the Interchain Foundation for much of 2020. The new bridge is designed for the Cosmos Hub and intended to pull as many transactions and as much value as possible into the orbit of the Hub by bridging it directly to Ethereum.
Terra Money Tier 1 Investment & Mirror Protocol
A lot of exciting news for the Terra Money Network over the last few weeks. First, they launched their Mirror Protocol, which bridges cryptocurrency with traditional finance by bringing synthetic equities and commodities to Uniswap and Terraswap. Mirror has its farmable governance token — MIR — that earns fees through asset traders. Additionally, while Terra is behind most of the protocol’s core development, it is entirely decentralized. Keep an eye out for a complete guide on the Mirror Protocol on our Medium.
But, the launch of Mirror Protocol wasn’t the only exciting news for Terra. Additionally, on the 26th of January 2021, word reached the world that Mike Novogratz’s Galaxy Digital Trading HK Ltd. co-led a $25 million funding round in Singapore-based Terraform Labs, whose cryptocurrency-related technology is gaining in popularity with merchants and users in South Korea. Read the full article here.
Mina Testworld End
The final Testnet of Mina Protocol before Mainnet release, Testworld, has come to an end this week. More than 1600 participants have taken part in the adversarial Testnet. Through challenges in the Testnet, participants can qualify to be one of the 1,000 community participants selected to be part of Genesis and help harden Mina’s protocol, strengthen the network and receive a distribution of 66,000 tokens.
Regen Network Microsoft Announcement
In other great news, not just for blockchain but also for everybody worldwide, Regen Network has been chosen as one of 15 carbon suppliers to help Microsoft pursue its ClimateMoonshot project. To be more environmentally friendly, Microsoft has committed to becoming a carbon negative company by 2030. Meaning that by that date, they will remove more carbon from the environment than they emit. One way they’re aiming to do this is by buying CarbonPlus credits, which Regen Network will (among 15 other companies) supply.
If you’d like to learn more about the Microsoft project, visit their article 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.
