A little bit of chitchat
Acala is launching a new ACA staking program on August 4th, which will have up to $200,000 to buy back and distribute yield-bearing ACA-aUSD LP tokens to ACA stakers. Participants from the latest ACA staking program who don’t claim their rewards before the start of the new program will be subject to the new three-month loyalty period.
Incentivising democracy 🗳️
The results are in four months after launching the Governance Participation Rewards Kusama, in which KSM token holders who vote get rewarded with NFTs.
According to the proposal posted on Polkassembly, the number of participating wallets has increased 700%, which translates to an increase of 100% in the number of votes (KSM tokens participating) when excluding the whales.
The beneficiary of this program has generated a total of 350 KSM ($17,700) on resales of the NFTs. The project is now looking for funding to build a website intended to make the whole voting experience as user-friendly as possible.
Substrate worldwide 🌎
Oneblock, a substrate community builder, is planning to launch a global Substrate evangelist Program aiming to make the developer base broader for the whole Dotsama ecosystem.
The program will have four tracks ranging from education, content generation, events and community development. They will target China, Nigeria, Russia, Belarus, Ukraine, Solomon, Turkey, Togo, Iran, Morocco, Australia, South Africa, New Zealand, the United States and other countries that may join as potential candidates apply.
According to their proposal, a DAO will run the whole program. Candidates must pass a three-phase recruiting process to be accepted as Evangelists. Oneblock operates in China, where Substrate has gained substantial traction among blockchain developers.
StellaSwap joins the multi-chain universe ⛓️
One of the dApps with the most significant traction within the Moonbeam ecosystem, StellaSwap, has announced its integration with Axelar to allow users to interact with assets across 16 other blockchain networks.
The partnership will unlock three main use-cases. The most important is the cross-chain swaps with other L1s. For example, users may be able to swap GLMR for ETH and credit those ETH to their Ethereum wallets without leaving the StellaSwap interface.
Moreover, an axlUSD Metapool will launch, incentivised by multiple stakeholders. A metal pool contains an asset — in this case axlUSD — pegged to the basepool, which houses the biggest stablecoins like USDC, USDT, DAI and FRAX. The axlUSD liquidity will allow for effective liquidity routing for cross-chain swaps. Last, they will integrate Axelar’s bridge to deepen liquidity for axlAsset.
This week’s crowdloans 💮
It’s very cold during the summer.
Weekly Spot: A recently spotted Polkadot /Kusama native NFT
Pastel Beach Mall Collection: The Pastel Beach Mall is a fictional mall located on Planet Reverb in beautiful Rad City. The mall is popular among tourists and locals alike. People from all over the Vapor Way Galaxy come to shop, dine and participate in everything the Pastel Beach Mall has to offer.
Wrap Up
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