Eventually experience from DOT bounties! (June 23rd to June 29th)
Away from the ETF talk, and with the first wave of Head Ambassador applications through OpenGov starting to settle, there have been several intriguing bounties that have caught our attention. Our top story this week will focus on these bounties, and how they could potentially have a compelling impact on the Polkadot ecosystem.
UX seems to be an underlying theme with some of those bounties, and in general, Polkadot has often been criticized for poor UX, especially when a newbie's first experience is with Polkadot.js. However, with treasury bounty funding, the situation with Polkadot wallets has significantly improved. So, for this week’s edition, we will provide a featured update on the situation with Polkadot Wallets.
From OpenGov bounties to WagMedia bounties, this week there are a couple of new content bounties that have been announced. Bounty 26 is about Polkadot’s economics, with a deadline of July 5th and rewards of up to $120 worth of DOT. Bounty 27 covers NOMT, a project being worked on by Polkadot co-founder Rob Habermeier, with rewards of up to $150 worth of DOT and a deadline on July 4th.
The full newsletter can be enjoyed via this link.
Dodow, Chief Editor
Top Story of the Week - DOT Bounties
Written by yay.oi
The decentralized nature of Polkadot governance allows anyone with a great idea to submit a proposal to fund a project and receive funding. Some great products, NovaWallet for example, have resulted from ongoing Kusama and Polkadot treasury funding.
That said, bounties offer some advantages over individual proposals. They offer a more focused and efficient way to allocate funding. Furthermore, they allow for the execution of multiple proposals to achieve a common goal, cutting down on fragmentation, and redundancy.
Bounties also add a layer of accountability, with curators having more control over how and when funds are distributed. In fact, carefully selected curators can be a bounty’s greatest asset.
Since its inception, the Events bounty received criticism for inefficiency and a lack of transparency. This week the Events Bounty relaunched after a restructuring resulting from Bounty Top up Referendum 843, Curator Removal and Replacement Referenda 758 and 765......….
Check out our full newsletter for the full story
Featured Update - DOT Wallets
Written by Sanchez
Now and then, on X, you come across a former Polkadot user complaining about the complexity of the JS wallet and general user experience. Such tweets are usually followed up with responses from the community on the newer and more hospitable wallets now available for users.
No doubt, if you have ever used the Polkadot JS wallet, you definitely couldn't cope with the rawness and the enormous amount of information available there. Most opine that it was and still is made for developers.
Newer wallets like Nova, Talisman, and Subwallet have solved the complications of the JS wallet and consistently seek to improve the user experience by adding more features and updates and the continuous integration of more chains. These wallets stand out for their innovative solutions to creating a better user experience and onboarding newer users.
Nova, a mobile-only wallet, has consistently sought to make onboarding users on Polkadot easy. The team at Novasama Technologies recently announced the release of Telenova. This Polkadot wallet built into Telegram allows functionalities such as receiving and sending DOT tokens, all from Telegram, to ease the onboarding process for newer users......….
General News
Written by yay.oi
Astar Network is merging with its web3 development offshoot Startale Labs in a strategic partnership that aims to capitalize on their combined strengths. Astar will provide a robust technological foundation while Startale brings its established industry collaborations.
Upcoming DeFi platform Mosaic Chain wins Polkadot Auction 73 with a self-funded bid of 10,129 DOT.
Nova Wallet’s latest update enables the cloud storage of passphrases to iCloud and Google Drive, streamlining wallet creation, migration, and syncing for a more convenient user experience.
The municipality of Santo Antônio da Alegria will be launching Alegria token, Brazil’s first municipal blockchain currency thanks to a collaboration between Tanssi and C9.
The new and improved DOT Events Bounty is now accepting applications to fund Meetups, Key Events, and Extraordinary Events.
The Polkadot BD Bounty announces the new Polkadot Business Development program which retroactively rewards successful business development activities.
NFT & DEFI News
Written by Sanchez
Public Pressure is launching the Music Protocol, a Web3 L1 blockchain for distributing music across the internet. The native token will be $RECORD, which fans can stake on their artists to enable them to earn passive income.
Evrloot announced two campaigns for July. Dungeon Runs V2, which introduces Loot and a new NPC, and the Eyes on Us marketing campaign, hosted by Moonbeam Network, intended to attract new players to Evrloot.
Velocity Labs has announced the payments for the first three child bounties on its DeFi and Infrastructure bounty. The recipients include Kucoin and Ramp Network, implemented for Asset hub integrations, and Zapper, for integrating 4 EVM parachains into the platform.
Acala announces the integration of jitoSOL. This is a crucial first step for Acala to become the Liquidity Layer X for all blockchains by providing optimal liquidity and capital efficiency.
Picasso is deprecating the Pablo DEX and its liquid-staked DOT, lsDOT. Users should remove their LPs and unstake their DOTs within 60 days, as the front end will be removed. The team aims to focus on more impactful projects.
Governance & Events News
Written by Sanchez & yay.oi
The proposal to pay active permissionless collators on the Integritee Network up to $300 per month for optimal performances has passed. This is being done to foster the decentralization of the Network as they look to onboard more collators.
Snowfork has started discussions for an upcoming treasury proposal of $5.8 million, which will cover the retroactive and future costs of developing and managing the Polkadot-Ethereum bridge.
Astar provided some insights into the recently announced Astar Evolution on June 26th.
On June 27th, Alexandra (PBA) hosted Francisco Agosti (Tanssi), Joshua Waller (Phala), Toni Mateos (LAOS), and Dudley Needham (KILT) to discuss the flexibility and advantages of Web3 building on Polkadot.
Talisman hosted Mandala Chain co-founder Michael Bennalack on June 27th to discuss their Web3 integrations with enterprise and government in Indonesia, South East Asia, and beyond.
Extras
Awesome cover art created by Dodow.
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