Stakin Bi-Weekly Newsletter Vol. 38


Nov 28, 2021

5 min read

Stakin Bi-Weekly Newsletter Vol. 38

Hey fellow blockchain enthusiasts,

It’s time for another overview of everything that has been going on in the Proof-of-Stake ecosystem over the last two weeks. These are the highlights:

  • Stakin $STKN and Stakin Finance Discontinue Announcement
  • Stakin’s CEO Edouard Lavidalle Interviewed by DeFi Creators
  • Comdex Mainnet Launch and Airdrop Announcement
  • Desmos Airdrop Announcement
  • Ardana Partners With NEAR to Build Cardano Bridge
  • NEAR Launches Nightshade Sharding
  • ICON Introduces the $ICY Token
  • Evmos Testnet Launch

Stakin $STKN and Stakin Finance Discontinue Announcement

We've compiled the findings of a thorough examination and in-depth evaluation of Stakin Finance and $STKN. We have determined that we are unable to invest the necessary resources in further developing the platform and asset. As a result, the $STKN token will be phased out immediately until further notice. We will be shutting down the Stakin Finance platform in the coming weeks. It will be impossible to add liquidity during the first phase. In the second phase, we will no longer maintain and may no longer host the interface. The majority of the liquidity on that yield farming platform has already been withdrawn, and we advise the remaining liquidity providers to withdraw their liquidity before January 1st, 2022, as the user interface will no longer be maintained after that date. For more information, please see the full announcement.

Stakin $STKN and Stakin Finance Announcement
Stakin announcement for $STKN and the Stakin Finance Platform. What will happen next?

Stakin’s CEO Edouard Lavidalle Interviewed By DeFi Creators

Recently, our CEO Edouard Lavidalle was interviewed by the DeFi creators. We’d like to thank the DeFi Creators for the chance to talk about the DeFi market, staking, our favorite DeFi projects and more. For the full article, have a look at the link below.

Focus on building and iterate as fast as possible by Edouard Lavidalle
My journey from traditional finance to my own defi startup, Stakin

Comdex Mainnet Launch and Airdrop Announcement

The Stakin team is thrilled to share with you that we will be offering staking support and validator services for Comdex Mainnet. Comdex is a synthetics protocol that unlocks access to a vast set of commodity debt assets and liquidity, making the flow of capital from DeFi to centralized finance seamless.

Stakin To Support Staking for Comdex
Stakin is thrilled to announce we will be offering staking services for Comdex Mainnet

That said, if you’d like to get your hands on some $CMDX, we’re happy to tell you that $ATOM, $LUNA, and $XPRT holders & stakers are eligible for airdrop! So, visit the airdrop announcement here for more information.

For more information on Comdex or staking your $CMDX, we’ve just launched our guide which you can find via the link below.

An Introduction To Comdex & Staking Guide
An in-depth guide to staking your $CMDX and an overview of the Comdex Ecosystem

Desmos Airdrop Announcement

For those of you who have been following the Desmos Network, you’d know that they’ve recently announced their airdrop as well. However, until now, claiming your $DSM was a bit of a mystery. That said, you can now claim your airdrop assets via the Desmos Profile Manager. Find a step-by-step guide on doing so here.

Ardana Partners With NEAR to Build Cardano Bridge

Recently, Ardana, Cardano's expanding stablecoin hub, announced a strategic partnership with the Near protocol. The collaboration enables asset transfer between the two protocols, with Ardana providing the bridging infrastructure.

Ardana is a Cardano network-based decentralized stablecoin hub. While Ardana (DANA) will serve as its governance token, dUSD will be used as verified on-chain collateral to allow borrowers to leverage their Cardano (ADA) or other supported assets. Cardano's users will soon be able to transfer assets from Cardano to Near and vice versa, thanks to its bridge with the Near protocol. The NEAR (NEAR) will also be available as a Cardano asset in the near future. Ardana will use NEAR as collateral to mint stablecoins.

NEAR Launches Nightshade Sharding

On the 15th of November, NEAR launched Simple Nightshade, the first step toward a fully sharded and secure blockchain. This phase will kick off a year of changes and additions to the NEAR blockchain that, when finished, will make it super-fast, incredibly secure, and capable of seamlessly onboarding millions of users into the world of Web3.

During this initial phase, we will shard the state but not the processing, which means that the blockchain will still be validated by all validators on the network. The state will be divided into four shards, significantly increasing network throughput.

  • Please find the full announcement on the NEAR blog.

ICON Introduces The $ICY Token

On November 22nd, the ICON Foundation announced that they will airdrop $ICY at a 1:1 ratio for $ICX or $sICX held by $ICX stakeholders as part of the ICE Network's initial growth strategy, adoption, and decentralization.ICY tokens will be available for purchase at a later date via a dedicated user interface, details of which will be shared as we get closer to the launch of the ICE mainnet. A more detailed breakdown of the token economics, token allocations and usefulness of the ICE Network along with $ICY will be provided soon. Read the full announcement here.

Evmos Testnet Launch

It is with great pleasure that we announce that the Evmos Testnet is now live. Stakin is very excited to have another interesting and innovative project join the blockchain ecosystem. Evmos is an application-agnostic chain that will be interoperable with the Ethereum Mainnet, EVM-compatible environments, and other BFT chains via IBC, making it easy for users and developers to easily interact between chains. You can read all about the Testnet and what’s next in their blog, 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.


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