Wagcome: Deep In DOT Chaos! - Newsletter Edition 78
In this week’s edition:
Editorial: Believe in something, there’s some Peaq interest, give a warm welcome to Skullz, and we have a frosty guide for you.
Top Story - Peaq Interest!: Coverage on the launch of Peaq who will onboard DePINs, along with other hot news items.
Featured Guide - How to Ride Bifrost Waves: A useful guide to Bifrost’s campaign.
Wag Roundup: News from our Finders Program between November 12th and November 18th.
Extras: Credits and anything else.
Editorial
There seems to be no respite from the work that is ongoing to shape the Land of the Free after the results have settled. The Department of Government Efficiency (DOGE) seems to have struck an accord with the Web3 community, whether they be degens or the regulated. For some, the DOGE sentiment has reignited the thinking to Stop Trading and Believe in Something.
While over in the Polkadot ecosystem, not everyone believes in the zero-sum game with PvP. That said, it would be fair to assume that, either way, the community all believes in the same somethin’ somethin’, especially after Sub0 with folks re-energized. There’s certainly a rumor or two out there, which seems cryptic or rather, crypto.
Moving away from the rumor mill, there was Peaq Interest following the eagerly awaited Peaq Network launch. We will be covering the launch, as well as other hot Polkadot news items, in our top story this week. You know the drill by now.
On to moving around, we are pleased to say that Polkadot ecosystem illustrator extraordinaire, Skullz, has joined the Wag Team. You may recognise his recent awesome artwork on Youdles and Mr. Tod. Even more recent is what you may have noticed on our X account.
Catching waves on a beach was something that those of us who ventured out to Sub0 might have done last week. Another great wave to catch some points on would be the Bifrost Liquid Waves Campaign. Following our featured report on Bifrost last week, we thought it would be useful to feature some guidance, especially for newbies.
After getting your feet wet with the Bifrost Campaign, if you want to earn more BNC, there’s still time to participate in our Bifrost treasury partner bounty. Or, if you just want to create, hop on over to our Discord.
The full newsletter can be enjoyed via this link.
Dodow, Chief Editor
Top Story of the Week - Peaq Interest
Written by yay.oi
Imagine a day, not too far from now. You roll out of bed, and spot your roomie TOD sipping a mug of fair-trade brew. You think to yourself, what does fair-trade even mean?
You say, “Hey TOD, do you really trust that coffee comes from fair sources?”
He rolls his six eyes to the back of his head, and replies, “Dude! Not this again! There is no trust, only truth! I know exactly where this coffee came from.”
The doorbell rings. Your breakfast delivery arrives at the same time as usual. You don’t know what it’ll be this time, but it’s always a pleasant surprise. After a delicious meal, you grab your phone, switch off earning mode, and step outside. Your neighbor says thanks as you unplug your Tesla from his EV charger.
You think about how your mornings used to be a little different. Now everything seems to DePINs on Peaq, and you wouldn’t have it any other way.
It’s been a long road since the Peaq project was first unveiled in 2017, but it all culminated with a massive mainnet launch at 09:00 UTC on November 12th 2024. After amassing 50 DePIN projects and USD $1 billion Total Machine Value (TMV), many are optimistic about Peaq’s future.
The PEAQ token was listed on 12 centralized exchanges at genesis (just a couple more than LAOS). Some of the most excited holders got in much earlier. The Peaq parachain crowdloan went live in July 2023. Participants were promised a minimum of 190 PEAQ per DOT loaned vested linearly over 96 weeks, and currently they appear to have done quite well....…….
Check out our full newsletter for the full story
Featured Guide - How to Ride Bifrost Waves
Written by Dodow
Bifrost’s journey has been extensively covered in our recently published WagMedia Newsletter Featured Report, which you can find on X and Grillapp. The feature demonstrates the resilience and hard work that have gone into making Bifrost the top LST platform in the Polkadot ecosystem, and possibly even beyond.
As mentioned in the featured report, Bifrost’s Liquid Waves Campaign represents a shift in tokenomics that not only addresses sustainability but also provides an opportunity for the community.
The simple objective of the campaign is to accumulate WAVE points, which will be converted into bbBNC at the conclusion of the final season. The new bbBNC token is effectively a dividend certificate for a share of revenue generated by the Bifrost protocol under the updated tokenomics.
The following guide is aimed at those who would like to seize the opportunity to participate in the campaign, and are either new to Bifrost or have limited knowledge about it.
Wag Roundup
Written by yay.oi & Dodow
At 9am UTC on November 12th the Peaq mainnet went live, with the PEAQ token listed on 12 centralized exchanges from day one.
Energy Web introduces Katalist, a nonprofit platform focused on the decarbonization of maritime shipping.
The community has embraced sustainability, as KILT delegator staking rewards have come to an end.
Block #23467057 marks the beginning of the new inflation era for Polkadot.
Xcavate has obtained the UK’s FCA approval to join the Regulatory Sandbox Accepted Firms.
LAOS Network has partnered with Web3 gaming development platform Sequence to address the free-to-play gaming market. The partnership introduces a 190M LAOS token grant for developers. It also looks to expand bridgeless minting across EVM chains and offers an embedded wallet solution compatible with gaming engine stores in Web2
Triple farming is back, as Bifrost has replenished the vDOT pool in anticipation of Hydration’s money market.
With the passing of Wish for Change Referendum 1217, Braille has begun working with the parachains to prepare them for the upcoming unification of Polkadot addresses.
YOM announces the migration of its token from Solana to the Peaq network due to memecoin bloat hindering visibility.
Polkadot’s Decentralized Mic panel on November 14th featured Nate (Distractive), Nico (Velocity), Angie (DOTPlay), and Gautam (BlockDeep) to share their insights about gaming and DeFi on Polkadot.
Extras
Awesome cover art created by Dodow.
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