All The Ins and Outs of the Proof-of-Stake Ecosystem and Stakin.
It probably comes as no surprise that the last few weeks have once again been extremely eventful for both the Proof-of-Stake space as a whole, as for the Stakin team. These are the highlights of our week:
- Stakin visited the DevConnect Amsterdam Event
- Stakin Launched The Hearts Collaboration with Staking Rewards
- Taking Steps Towards a Greener Future with Regen Network
- Last Reminder: The Stakin ICON Lossless Lottery Discontinued!
And if that wasn’t enough, these are some highlights of events happening in the Proof-of-Stake space:
- Akash Network Mainnet 3 Upgrade
- Evmos Relaunch
- NEAR introduces $USN
- Juno Unity Proposal
- Juno $RAW Airdrop
Stakin Visited The DevConnect Amsterdam Event
From the 18th until the 23rd of April 2022, the DevConnect took place in Amsterdam. The Stakin team went out to meet with some delegators, and networks on which we validate, get insights on the newest updates in the space, learn some fascinating things at the Stakehouse event and of course, meet countless new people! We’d like to once again thank all of those who hosted us for their invitation, we had a blast and hope to see you all again soon!
Stakin Launches The HEARTS Collaboration with StakingRewards
In an exciting turn of events, Stakin has started a partnership with StakingRewards to give the community access to Stakin Merch! You can now claim your Stakin merch packs in exchange for HEARTS. To ensure accessibility for all, we’re making the following packs available:
- The Stakin T-Shirt Pack (available in sizes S to XL) includes a branded t-shirt, stickers, and pens. Price: 350 HEARTS.
- The Stakin Summer Pack includes a summer cap and water bottle to make sure you are ready for summer! Price: 450 HEARTS.
- The Stakin T-Shirt Packs have a total quantity of 20 per size available, and the Summer Pack is limited to 10!
So, don’t miss this opportunity and get your hands on them before anyone can beat you to it. Go to: https://www.stakingrewards.com/journal/claim-stakin-branded-merch-for-hearts/
Stakin Taking Steps Towards a Greener Future For Proof-of-Stake with Regen Network
Stakin is delighted to announce our collaboration with Regen Network to take active steps toward a greener future for the Proof-of-Stake ecosystem. The long-term viability of the blockchain space has been the subject of much debate and concern recently. The Stakin team has always been concerned with the long-term viability of the blockchain ecosystem. Because of these concerns, our team members supported Proof-of-Stake in its early iterations, particularly because of the efficiency gains it provides. Because validators do not compete for computing power, Proof-of-Stake ecosystems consume less energy than Proof-of-Work blockchains. Although Stakin already supports more sustainable networks, the team wishes to go above and beyond by reducing the company's carbon footprint. Stakin has estimated its costs thanks to Regen's team and products and will offset its yearly carbon footprint and thus take our first steps towards becoming a carbon-neutral organization.
Read the full announcement here via the link below
Last Reminder! Stakin ICON Lossless Lottery Discontinued!
To all $ICX holders, this is our last friendly, but urgent, reminder that we will discontinue the development of http://lottery.stakin.com from the 1st of May 2022!! Please deactivate any active tickets promptly! Thank you for your support. More insights on why we’re discontinuing the development can be found in the link below.
Akash Network Mainnet 3 Upgrade
On the 28th of April, Akash Network successfully upgraded to Mainnet 3. The upgrade adds enterprise-grade features such as persistent storage, which are required for running all high-resource workloads. This gives developers more flexibility when running real-world applications, such as deploying validators and nodes and expanding mining applications. For the full details on the upgrade, please have a look here.
In other great news, the Evmos Mainnet relaunched on the 27th of April, which you can track here. Stakin is delighted to be a part of the Genesis Mainnet validator set. Evmos is an application-agnostic chain that will be interoperable with the Ethereum Mainnet, EVM-compatible environments, and other Cosmos ecosystem networks via IBC, allowing users and developers to smoothly communicate between chains.
Stakin’s address on Evmos is: evmosvaloper1sq9ggymzx02vcp7kf6yyar83scfm4r22swu673
NEAR Introduces $USN
The launch of Decentral Bank's first semi-algorithmic stable coin, $USN, is announced. $USN is a NEAR-native stable coin that is soft-pegged to the US Dollar and is backed by a Reserve Fund that initially includes $NEAR and $USDT. The fundamental stability mechanisms of $USN are on-chain arbitrage and a self-balancing Reserve Fund based on the Currency Board Principle. Combining the growth potential of $UST and the strong peg defense of $FRAX, $USN is positioned to be one of the most effective ways to bootstrap liquidity in the NEAR ecosystem, all while adding a new layer to the utility of $NEAR as a token.
Juno Unity Proposal
In other news, after a tumultuous few weeks for the Juno community, the Unity Proposal vote started on the 24th of April. Unity, essentially suggests that the delegated and available $JUNO on CCN’s (the Juno whale’s) address will be transferred to the Unity smart contract, which will be under governance control, meaning that governance can vote on proposals regarding the Unity smart contract funds and these funds are no longer under the control of the unintended stake drop recipient, CCN.
Juno $RAW Airdrop
Finally, the Juno community keeps busy as on the 1st of March, the $RAW Airdrop is scheduled. Raw DAO is a Decentralized Autonomous Organization governing the JunoSwap AMM. $RAW is the token for Raw DAO supporting Junoswap with the following utilities: governance token for the DAO, reward token for liquidity providers, vote on which pools get incentivized, and staking rewards via the DAO. You can read all about claiming and the drop via the article here.
Finally, for those interested, Stakin is hosting a small giveaway in honor of the $RAW airdrop on the 1st of May 2022. You can read all about how to participate in the Tweet below.
DISCLAIMER: This is not financial advice. Staking, delegation, and cryptocurrencies involve a high degree of risk, and there is always the possibility of loss, including the failure of all staked digital assets. Additionally, delegators are at risk of slashing in case of security or liveness faults on some protocols. We advise you to do your due diligence before choosing a validator.
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