Treasure this & DOT! (April 21st to April 27th)
Our ecosystem has a remarkable approach in place, there are no complex hardforks, testing can be done on a testnet, and configurations are baselined against our canary network. It would be fair to say most builders and users out there would simply treasure a setup like this.
We continue to treasure DOT on the path towards Polkadot 2.0, with the learning from crucial runtimes being executed on Kusama first. Furthermore, vital knowledge can definitely be gained from the recent runtime failure that delayed Coretime sales on Kusama, check out the postmortem here.
Moving on to exciting news, this week we have a couple of updates regarding WagMedia treasuries. LAOS Network have announced their second bounty, and Polimec has become the latest treasury to join. Read more about what Polimec is about in our special profile report on them in this week's edition.
There’s certainly quite a bit of treasured news this week, and we shall be breaking them down in this week's top story.
The full newsletter can be enjoyed via this link.
Dodow, Chief Editor
Top Story Of The Week - Treasure DOT!
Written by yay.oi
This week saw the premiere of the A Glass with Gav podcast where Gavin Wood and Scytale Chief Investment Officer Mark Cachia sit down for a casual chat over a glass of fine whisky. In what can be considered a treasured setting, the two sit back with a glass of Japan’s finest and discuss the Polkadot topics close to Gav’s heart.
In the meantime, rather than using his substantial influence to tap the Polkadot treasury, Gav has continued to direct funding for projects that benefit the ecosystem through Web3 Foundation grants. As a recent example, the 10M DOT JAM Implementer’s prize represents a significant treasure chest of funds.
Speaking of Polkadot treasury, Conor Daly, a recent recipient has continued to spread the good word about Polkadot this week. His Polkadot sponsored Indy 500 race isn’t until next month, but that didn’t stop him from wearing a baseball cap with the Polkadot logo to throw the first pitch at the Chicago Cubs MLB game.
Controversial figure Giotto de Fillipi hasn’t been seeking any treasury funding this week, but he’s acting like he’s found a different kind of treasure. Is it a genie in a bottle? No, it’s the new Wish for Change track on OpenGov, and this week Giotto made three wishes………
Check out our full newsletter for the full story
The Polimec Pitch!
The Web3 Foundation recently announced a groundbreaking initiative: sponsorship of KYC credential fees on Polkadot. Whilst on face value it provides a massive discount of 98% and 90% of the costs of KYC in two tranches, it's the importance and symbolic nature of what it enables which is significant.
Attestation from Deloitte offers users a banking-grade KYC solution, from one of the Big Four accountancy firms in the world. Tie this in with Kilt protocol’s issuance of such credentials, it forms a powerful one-time self-custodial verification, which can be used across diverse applications throughout the trustless environment of Web3.
When it comes to application, one of the most compelling use cases will be what Polimic offers, and it’s why the announcement also indicated their imminent launch. Polimec intends to democratize founder's and builders' access to capital, making fundraising seamless, accessible, decentralized, and transparent……
General News
Written by Dodow
As part of Velocity Labs ongoing plans to make UX improvements to the Polkadot Asset Hub, the team is now working with Ramp to bring an accessible fiat on-ramp capability.
The CultureDot visual marketing force continues, as for the next six months Polkadot will be featured on digital signboards at Zurich International Airport.
SubWallet reaches a momentous milestone of 1.2M installs, and it’s considered one of the most used wallets in the Polkadot ecosystem.
MapMetrics, a drive to earn navigation DePIN, is set to migrate from Solana to Peaq Network.
Developed by InvArch and formerly known as Saturn, Ominway is expected to go live on April 29th. Ominway will allow the management of multiple assets across multiple chains (currently limited to Moonriver, Shiden, Basilisk, and Picasso) from a multisig account.
NFT & DEFI News
Written by Dodow
You can now play Beefy Run in order to earn your share of the 33% allocation of the BEEFY memecoin on Polkadot. NOTE: formally known as Wen Beefy!
Expeditions are now live on Evrloot and to mark this momentous occasion, the team are doing a giveaway of a fabled soul.
Phala continues their direction into AI contracts and are now set to introduce a proof of concept game to showcase it. Join the waitlist and be ready for Agent Wars!
Talisman dev Kheops has created a new front-end, which allows you to perform swaps on the Polkadot Asset Hub. You can check out the aptly named kheopswap, however, do be careful with slippage as liquidity is rather low.
Bifrost is getting ready for Phase 2 of its path to Tokenomics 2.0. This phase will see reward fees for vDOT go up from 1% to 5%, as this helps provide a sustainable source of protocol revenue.
Polkaswap's new Hashi Bridge to Acala potentially opens up more DeFi opportunities.
Governance & Events News
Written by Dodow
Beamswap made a Moonriver governance proposal for 470K MOVR to be used in liquidity incentives for a year. Check out the tweet for more details on what the team are looking to build around this.
You can now view and comment on OpenGov proposals using Subsocial's Grill.app.
Coingecko hosted a crowdcast on April 25th, which featured a panel composed of Bill Laboon (W3F), John Linden (Mythical), and Ingo Ruebe (Kilt).
Birdo moderates a panel to cover Coretime sales on April 25th, it included Bill Laboon, Seun Lanlege, and Phil Lucsok (Lastic).
If you want to know “Wen Tanssi?”, then check out the spaces AMA held on April 25th.
Learn about Decentralised AI with a video reply of a session featuring OriginTrail on April 26th.
Extras
Awesome cover art created by Dodow.
Keep your eyes peeled as there might be a competition!