Stakin Bi-Weekly Newsletter Vol. 34

Newsletter

Oct 02, 2021

3 min read

Stakin Bi-Weekly Newsletter Vol. 34

Hi Readers,

We hope you’re having an awesome weekend, and to make it even better we’ve listed some interesting Proof-of-Stake events from the last 2 weeks. We’re discussing:

  • Stakin Strategically Partners with Crypto.org
  • Stakin and Knit Finance Partnership Announcement
  • Stakin To Support Staking Services for KILT Protocol
  • KAVA Launches $185M Phase-1 Ecosystem Fund
  • E-Money Mainnet Upgrade Completed
  • Tendermint Announces October CodeFest
  • Terra Columbus-5 Update

Stakin Strategically Partners with Crypto.org

On the 24th of September 2021, we announced our partnership with Crypto.org Chain, a secure Proof-of-Stake blockchain built by Crypto.com with use cases across DeFi, payments, and NFTs. The partnership focuses on providing secure validation services, contributing to the growth of the ecosystem, and operating nodes on Cronos Chain testnet.

Stakin and Knit Finance Partnership Announcement

Stakin and Knit Finance are collaborating to explore new staking possibilities. Knit Finance is a multi-chain wrapped asset and liquid staking protocol enabling the issuance of representative tokens on multiple chains 1:1 backed by native assets. With this partnership, both parties will be exploring different staking opportunities. Furthermore, Knit Finance users will benefit from earning additional value opportunities by staking their native token.  

Stakin To Support Staking Services for KILT Protocol

Stakin is thrilled to announce that we are one of the first Mainnet collators for the KILT Protocol. KILT is a blockchain identity protocol for issuing self-sovereign, anonymous and verifiable credentials for Web 3.0. Stakin provides validator services on Proof-of-Stake blockchains. For more info, see the full announcement.

Kava Launches $185M Phase-1 Ecosystem Fund

Kava has announced that it is launching the $185M Ignition Fund to drive the development of the Kava Ecosystem - a safe, truly scalable home for the next wave of DeFi users.

“There’s a massive opportunity in DeFi right now to be the first to bridge the gap between the early adopters and the untapped mainstream. The Ignition Fund is about getting Kava there first.” — Scott Stuart, CEO.

E-Money Mainnet Upgrade

On the 20th of September, e-Money announced their successful Mainnet upgrade to V3. Mainnet migration will enable the IBC (Inter-Blockchain Communication) protocol to the Cosmos Hub and bridge the e-Money network to the Osmosis AMM DEX. Furthermore, e-Money announced that their team is now working on listing their native asset $NGM and their stablecoin eEUR on the Osmosis DEX.

Tendermint Announces October CodeFest for Cosmos

October Codefest is a month-long virtual event hosted by Tendermint to celebrate open-source software development and grow the Cosmos community. The codefest is open to the public, and you are cordially invited to attend. You can make a positive contribution to the Cosmos ecosystem regardless of your background or skills. For all information and how to join, have a look at the article:

https://blog.cosmos.network/october-codefest-call-for-contributors-42ade37f4913

Terra Columbus-5 Update

On the 30th of September 2021, the Terra Network went through one of its largest upgrades to date, known as the Columbus-5 upgrade. The upgrade introduces a number of changes, among which one of the biggest among them being the adoption of inter-blockchain communication (IBC) which will connect Terra-based assets to the Cosmos Ecosystem. Furthermore, the IBC will also create a bridge between the Cosmos ecosystem and the Terra, Solana ($SOL), and Polkadot ($DOT) blockchains. Ethereum will be added to that list soon. Overall, about 250 decentralized applications (dApps) will potentially be added to the ecosystem.


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 loss 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.

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