A dot 2 Back! (May 5th to May 11th)
If you haven’t had the chance to listen to Gavin Wood on an X space or are still trying to comprehend it, don’t despair as our awesome WagMedia content creators have got your back. Check out the summarized thread here, which was a result of a timely bounty from our discord.
Although any session with Gav is well worth our attention, this week’s top story covers Asynchronous Backing, which went live on Polkadot.
Whether it is focused bounties, no-Anglo content, or covering news and stories in this very newsletter, WagMedia backs creators. It’s a Polkadot treasury-backed asset, that offers easy tipping and promotes inclusivity within the community.
WagMedia is now even more accessible with our new website, which we now proudly open to the public. Additionally, we are now posting our stories from our newsletter as an X article, it appears we’re one of the first in the ecosystem to do this.
The full newsletter can be enjoyed via this link.
Dodow, Chief Editor
Top Story Of The Week - Backing Fast Blockspace
Written by Sanchez
The Blockchain Trilemma is a term that holds significance when many of us start our journey into Web3. So has any network adequately met this challenge, and successfully balanced the trade-off between Security, Scalability, and Decentralization?
With the rapid evolution of Web3 have we seen the goal posts change, especially as the demand for performance and quality blockspace becomes essential? Scalability, and with it, performance speed, is what is often seen as impacting the biggest player in the space.
When it comes to performance speed, Asynchronous Backing is considered one of the major milestones on Polkadot, and it’s now live after the referendum's passing to enable it. Naturally, it comes months after tests on Rococo and Westend, and barely a month after it went live on Kusama.
This upgrade accompanies significant changes in the speed of processing blocks on Polkadot, reduced from 12 seconds to 6 seconds. It also follows with an increase in throughput by up to 8X. Many commentators have indicated that Asynchronous Backing is the next important development for Polkadot…..
Check out our full newsletter for the full story
Special Exposé - Backing Content
Written by yay.oi
With the backing of the Polkadot treasury, WagMedia backs creators, and in turn, WagMedia creators have Polkadot’s back. It’s the infinite loop of content-creation that nourishes the Polkadot ecosystem. Therefore, today we’re taking a look at how WagMedia’s backing nurtures new creators and pushes existing creators to even greater heights.
You may remember Turing Machine and Dodow’s previous report the Bounty-Hive (Hub) where they likened the WagMedia creators to worker bees collecting pollen to produce honey. Building on this analogy, Worker bees have no direct incentive to produce honey, they do it instinctively to ensure the survival of the entire colony including themselves.
Furthermore, this extends to future generations given the colony includes the queen bee who will lay the eggs. When a queen bee dies, the worker bees select the most promising larvae and house them in special wax cells where they are fed nutrient rich royal jelly which ensures their transformation into powerful egg-laying giants.
You could argue that creators are not mere worker bees. They are all royal candidate larvae being fed the WagMedia royal jelly trinity of mentorship, peer support, and DOT incentives. Now let’s take a look at what our lovely larvae have been up to…….
General News
Written by Dodow
Mandala Chain’s partnership with the government is set to bring 10 million new web3 wallets, and here is a breakdown explanation that outlines the details.
Dr Gavin Wood will be collaborating with GBM auctions to raise money for charity by auctioning signed copies of his momentous papers. The auction is held on-chain on Moonbeam using GLMR.
As part of the Talisman Quest campaign, you can now earn XP by holding certain assets on Moonbeam. Assets include: DOT, GLMR, DED, PINK, STELLA, and RMRK. Wen airdrop?
Async Backing arrival signifies Polkadot 2.0 shaping up with faster blocks.
Decentralised Voices program, devised by the Web3 Foundation empowers delegates with significant voting power for OpenGov on both Polkadot and Kusama. The program is now accepting applications, with the number of delegates set to increase.
NFT & DEFI & Events News
Written by Dodow
Snake Soldiers are rested and ready to march into Battle. Plan ahead your strategy and compete to earn points, which will result in meme tokens.
Talisman integrates Mythos! You would soon be able to claim your Mythos airdrop using Talisman, and will be able to check up on progress with Subcan.
Youdle holders are set to get a tasty airdrop of memecoins, including: PINK, WUD, KNRY, and STINK.
Solarbeam, an OG dex on Moonriver, is looking to rejuvenate the DeFI scene on the chain. They have made a proposal for an ecosystem grant to develop a CLAMM, perps feature, and more.
On May 9th, Gavin Wood addresses JAM to the community on an X space. Here’s a link to the recording.
Governance News
Written by Dodow
Evox are seeking funding for a 6 month campaign with Coinmarketcap to boost awareness of Polkadot. You may have seen the recent DOT logo flame animation.
Alice und Bob proposes an OpenGov Wish for Change referendum to define Polkadot 2.0, as Agile Coretime, Async Backing, and Elastic Scaling.
Bifrost has raised an ongoing Polkadex governance proposal to bring its BNC token to their orderbook DEX. The intention is to extend the adoption of LSTs.
Pendulum are seeking a loan of 50K DOT from the Polkadot treasury. The funds will be minted as Bifrost’s vDOT, and used as collateral for enabling the bridging of Stellar stablecoins via their Spackwalk bridge.
Beamswap have submitted two Polkadot treasury proposals, one for 500K DOT for liquidity and the other for 500K DOT as LP incentives.
The Kus Validatorhas applied for a VBL spot on Bifrost Kusama. If successful, the commission received for the underlying validation of KSM, which backs vKSM, will go towards funding the content that many of us love.
Extras
Awesome cover art created by Dodow.
For all you budding creators out there, don't hesitate any longer – join us now! There are plenty of rewards awaiting your creativity.