It has once again been a busy couple of weeks in the PoS blockchain space, and so, it’s time for our bi-weekly recap. This week we discuss:
- Stakin To Discontinue Staking Services For Tezos
- Stakin To Offer Staking Services for Stargaze
- Stakin Launched on Comdex Testnet
- The Stakin Team Visited LisCon
- IBC Is Now Live on Terra Mainnet
- NEAR Launches $800 Million in Funding Initiatives
- Staking Rewards Publishes “The 2021 Staking Ecosystem Report”
- Cosmos To Build New Blockchain For Experimentation
Stakin To Discontinue Staking Services For Tezos
Despite the wonderful experience we had validating for the Tezos Network, Stakin regrets to inform you that we will be discontinuing our staking services on January 1, 2022. Because of our personal interest in the Tezos blockchain, loyal delegators, and long history of operations on the network, this has been a difficult decision.
Since cycle 72, when the network was still in Mainnet Beta, we've been baking fresh XTZ. It's been a fantastic journey, and we had a great time running a validator on Tezos. However, we believe that this will be an excellent opportunity to concentrate our efforts on other networks and ecosystems. Starting from the 1st of January 2022, we will turn off the baker operating under tz1Vyuu4EJ5Nym4JcrfRLnp3hpaq1DSEp1Ke.
For more information, please have a look at the full announcement: https://blog.stakin.com/stakin-announcement-closing-tezos-staking-services/
Stakin To Offer Staking Services For Stargaze
It is with great pleasure that we can announce that we’ll be part of the Genesis Validator set for the Stargaze Zone. Stargaze is a layer-one, Web3 protocol for NFTs (non-fungible tokens) and decentralized social for the Cosmos Ecosystem and eventually beyond.
You can delegate your $STARS to Stakin via the following address: starsvaloper1swer6tl0s59g82xnq5gmgsdueld79wpw8vptlu
Stakin Launched on Comdex Testnet
In other great Stakin news, we’re now validators for the Comdex Testnet! Comdex is a decentralized synthetics exchange that aims to democratize finance by lowering the complexities and regulatory barriers to investing in financial assets with intrinsic value. Users can collateralize and leverage their assets through the Comdex protocol, which is built on Cosmos, to gain exposure to a variety of inflation-resistant synthetic assets. Investors may be "long" on crypto while also diversifying into other asset classes that offer compelling risk/return profiles in a low-interest-rate and high-inflationary environment.
Find all the validator details for Stakin, here: https://comets-test.comdex.one/validator/comdexvaloper1fxuh4zvzh4pva59v7lms2099ecpepeyjrut2wp
The Stakin Team Visited LisCon
LisCon was a blast! The team met with many networks, partners, and we were very amazed by all the remarkable projects in the Web3 ecosystem. We will be around for Nearcon, Cosmoverse, Web Summit and Solana Breakpoint. Let us know if you would like to meet in person around Lisbon ☀️
IBC Is Now Live On Terra Mainnet
On the 21st of October, Terra announced that Proposal 128 to initiate IBC on Terra had passed, meaning that from there on, IBC is live on the Terra Mainnet. For those who are unfamiliar with the term, IBC refers to a standardized pathway for transferring arbitrary messages across IBC-compatible chains, in specific Cosmos SDK chains on which IBC is a native feature.
For Terra, the IBC enables a path to the interchain highway of Decentralized Finance (DeFi) with $UST as its leading stablecoin, asset quote currency and exchange medium. It will now be possible to seamlessly connect between Terra and other IBC enabled chains to exchange asset transfers, data availability proofs and more.
NEAR Launches $800 Million in Funding Initiatives
The NEAR ecosystem is announcing a massive $800 million in funding initiatives aimed at speeding up growth. The announcement, which includes Proximity Labs' $350 million in funding announced last week and is intended to build on the momentum in the NEAR ecosystem over the last year. While NEAR is making this record amount of funding available to all communities, it will focus on Decentralized Finance (DeFi) teams that are actively revolutionizing and reimagining the way we interact with money.
Staking Rewards Publishes The 2021 Staking Ecosystem Report
Stakin is very thrilled to have been able to contribute to the extensive 2021 Staking Ecosystem Report created by Staking Rewards. For all of you who haven’t been able to read the report, have a look at the link below.
Very glad to have contributed to this extensive report on the #ProofOfStake industry by @StakingRewards 🙌
— Stakin (@StakinOfficial) October 16, 2021
Great insights to understand the impressive growth of #staking, dive into the ecosystem, and grasp the current challenges and opportunities 👀 https://t.co/ESDVBpf6ll
Cosmos To Build New Blockchain For Experimentation
On October 19th, 2021 Cosmos announced that the team will be building a new blockchain called Sagan, for experimentation. The news was released at the end of the very first keynote speaker event. Sagan will enable Cosmos to test new initiatives more quickly and efficiently, adding tremendous value to the entire network. More information about Sagan will be released soon, but for now, check out the first quarterly keynote video below.
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.
