A little bit of chitchat
Manta Network published its roadmap update for both Calamari and Manta chains. Among the items still pending to be completed during Q3, the team highlighted the launch of on-chain staking. Once launched at the end of Q3, it will change Manta’s consensus mechanism from Proof-of-Authority to Delegated Proof-of-Stake, directly impacting the networks’ security and tokenomics. The full roadmap update is here.
Next steps! 👟
Moonbeam community members have been among the most affected by the Nomad incident, prompting the Moonbeam Foundation to act to prevent this from happening again.
As announced on Twitter, the Foundation is looking forward to launching a series of actions shortly, among which are:
Diversifying infrastructure providers, including bridges.
Prioritising the allocation of grants for security-related tools, infrastructure, audits, and related integrations.
Expanding the grants committee and appointing a New Treasury Council of community members.
Meanwhile, innovations and upgrades such as XCM-to-EVM, a new XCM transactor, are still under development.
After the storm 🌤️
A week after the Acala incident, after which a 1.2 billion aUSD tokens were erroneously minted, the team have been able to trace the assets on 16 accounts that erroneously benefit from the bug. So far, a total the results of the tracing efforts show the following:
There were 3.2B aUSD erroneously minted tokens claimed by 16 addresses, which still have 1.6B in their power (within Polkadot) after the community voted in favour of burning 1.2B.
Almost 42,000 DOT obtained during the incident have been transferred to an exchange.
These results show that, as of right now, the irreparable damage has been way lower than expected—only ~$350K out of the Polkadot ecosystem. A 5% bounty has been introduced to those who return at least 95% of the assets.
Yield for everyone 🚀
Astar is on a quest to showcase its DeFi ecosystem and has launched a week-long Hexa campaign to give Dotsama and beyond the opportunity to try out five live protocols.
The Hexa campaign has a pool of 120K tokens containing ASTR, AVAT, ASRW, SRS, ATID, and KGL. These tokens will be used to reward participants, and there will probably be more future rewards as snapshots are taken during the campaign.
There are two tracks with 60K tokens each. The Deposit Campaign is designed to guide users to deposit stablecoins into AstridDAO and, from there, to try all the DeFi use cases available in Arthswap, Avaull, Sirius, and Kagla. Meanwhile, users will need to invite other users to participate in the Gleam campaign, and a ranking will be created, rewarding the top referrers.
This week’s crowdloans
Weekly Spot: A recently spotted Polkadot /Kusama native NFT
Axl Dragon is an American singer-songwriter and multi-instrumentalist. He was born in Lafayette, Indiana (USA) in 1962. He achieved success mainly in the late eighties and early nineties as frontman of Guns N ‘Dragons: with the powerful sound proposed, the transgressive image and the dynamic live performances they dominated the music scene in the late eighties and early nineties. Axl has a vocal range of five octaves and the characteristic of him is to be able to easily alternate clean voice, deep voice, and scratched falsetto.
Wrap Up
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