Define DOT and make Changes (June 2nd to June 8th)
This week’s top story will focus on those compelling updates of what is being defined and what changes are being made. Change is inevitable, but do we perceive them as good, bad, indifferent, or essential? Perhaps Gav’s recent view of being less opinionated is the best approach?
Whatever the news and updates that are flowing, the WagMedia Weekly Newsletter is on hand to share them in the interest of token holders. The fundamental values of Web3 align with journalistic integrity; therefore, we aim to provide a fair take on what we cover.
The same approach is also taken when it comes to the content that is being rewarded through WagMedia. Thus, in this week's edition, we shall also catch up with the recent content being generated. Hopefully, it will allow our readers to recognise WagMedia’s ability to cultivate creators while also adhering to fairness.
The full newsletter can be enjoyed via this link.
Dodow, Chief Editor
Top Story Of The Week - A DOT of Changes
Written by Sanchez
Polkadot was built with adaptability and the idea of change. The very architecture of Polkadot enables it to be easily upgraded with Runtime upgrades, and changes can be made to functionalities and features. Even better, these changes are subject to on-chain governance before being approved and executed.
This adaptability and upgradability have enabled the formal definition of Polkadot 2.0 via OpenGov. However, the decision does come with some controversy, as it was opposed by Gav in the Polkadot forum. Given that JAM has been ratified by the community as the next major version of Polkadot, defining a version pre JAM might not be helpful.
That said, when it comes to the broader Web3, simplification with the definition might help overcome the sentiment of complexity. Polkadot is renowned for being technologically advanced, and with innovations such as Asynchronous Backing, Agile Coretime, and Elastic scaling, we would be witnessing significant advancements.
With these advancements taking shape, parachains within the Polkadot ecosystem are gearing up for change. Many are poised to implement Asynchronous Backing to boost transaction speeds, and Coretime for block space acquisition, which replaces crowdloans...….
Check out our full newsletter for the full story
Featured Update - Define DOT Content
Written by yay.oi
WagMedia is the uniting force that keeps content flowing like liquid through the Polkadot community. So, let’s take a look at all the juicy stuff our creators have been up to, considering the number of bounties available.
You may remember Giotto’s wish for change to reduce DOT inflation. While the proposal was eventually abandoned, it prompted a serious discussion in the wider community, and may have even influenced an RFC to create a pallet in Polkadot for adjusting inflation.
This led to Bounty 14 for educational content about Polkadot inflation and to help dispel the myth that inflation is inherently bad. The top post (13.5 DOT) by Pablo cut straight to the chase and explained that unlike BTC, DOT is not a store of value, it’s used for securing the network. DOT inflation provides incentives for collators and users to stake, and thus secure the network.
From time to time, our creators are given dogfooding tasks. Real-life engagement with the tech followed with a write-up about the results, making the content more credible, authentic, and informative...….
General News
Written by yay.oi
If you’ve already got your Deloitte KYC Credential, head over to the Polimec dispenser for some free PLMC tokens.
With the conclusion of the beta program, Talisman Quests has officially launched. You can earn XP by holding, staking and fulfilling tasks.
Oak Network has rebranded to Ava Protocol, and OAK token now uses the AP ticker.
NovaWallet has smashed through the 10M milestone for DOT staking with 14,000 users staking in just 260 days.
Check out Astar’s article for a rundown on their approach to dynamic staking and how they’ve enhanced transparency, user experience, and accuracy of reward distributions.
Unnamed Crowdloan #3375 received 9 contributions totalling 222 DOT to win Polkadot Auction #71.
The Web3 Foundation’s latest Decentralized Futures grant recipient is Accelerate Polkadot, a community-driven educational organization that aims to provide comprehensive, goal-oriented guides for developers.
NFT & DEFI News
Written by Dodow
Get a visual view of the new Youdles roadmap for 2024.
Polkadot will be prominently featured on team gear, digital displays, and in promotions as e-gaming team Heroic secures a sponsorship deal.
The OTP token name has been updated to NEURO on Moonbeam. This now reopens transfers, trading, and LPing on Stellaswap.
HydraDX rebranding to Hydration has been completed.
Moonbeam’s native DEX, Stellaswap, has announced Auto-vaults are coming via Beefy Finance integration. This means that V3 LPs can take advantage of Beefy’s revolutionary Cowcentrated liquidity (concentrated liquidity management) to realize automated positions for auto-compounding LPs.
Governance & Events News
Written by yay.oi
With the passing of OpenGov Wish for Change Referendum 747, Polkadot 2.0 is to be defined as the version of the Polkadot runtime that supports Agile Coretime, Async Backing, and Elastic Scaling.
The on-chain transition to the second cohort of Decentralized Voices delegates takes place on June 10th 2024.
With the imminent shift from parachain auctions to Coretime sales on Polkadot, Astar has proposed to burn the 5% supply of ASTR (350M) reserved at token genesis for parachain auction rewards.
Irina Karagyaur (Energy Web X) and Kristen Shen (Polkaworld) talked Web3 communities, ambassador programs and more on June 4th .
A panel featuring Dakota (Invarch) discussed Chain Abstraction on 6th June on Binance Live.
Also on 6th June, Seun (Polytope Labs) and Thomas (Bifrost) discussed how liquid staking is evolving in the multi-chain world.
Extras
Awesome cover art created by Dodow.
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