The 36th edition of our curated newsletter.
In today’s newsletter we look at:
Aragon Labs on Off-Chain Voting
Binding Execution on Ethereum with zk-Rollups
Since Aragon Labs has been continuously researching and innovating governance models, it identified several layer-2 governance solutions. The platform introduced gasless voting on their Vochain blockchain and a unique method of bridging ERC20 token-based censuses from Ethereum back to Vochain.
Currently, no system can organize a voting process off-chain and then trustlessly execute actions on Ethereum. So the further work of Aragon Labs was focused on finding a way to allow for the results of an off-chain voting process to be bridged to Ethereum. The new research proposes a proof-of-concept that leverages zk-SNARKs to achieve the next frontier: gasless, verified, and binding on-chain governance.
A Guide to Designing Effective NFT Launches
Although NFTs are taking over the crypto market, they do have quite a few flaws. Every NFT project starts with an NFT launch, aka mint or drop, when the new collection is being created, sold, and distributed to buyers. Then the buyers are free to hold or trade them in secondary markets.
Pricing an asset that has just seen the light of day is not particularly straightforward. The Paradigm article explores the real-world examples of launches that empirically hurt their users to identify what goals a good launch should satisfy. It also deconstructs the idea of a launch into individual steps and provides a reference implementation of a potentially well-designed launch mechanism.
Mercuryo Co-Founder’s Piece
Parachain Auctions Are Coming
Polkadot Sets the Much-Anticipated Date
According to the Polkadot Council, the first auction, where projects will be allocated slots for building on the Polkadot cryptocurrency network, is scheduled for November 11. It marks a massive milestone in realizing Ethereum co-founder Gavin Wood’s vision for an interconnected blockchain framework.
Each auction will last one week and consist of a starting period of one day and 21 hours, followed by an ending period of five days. Bidding ends on the seventh day when the precise moment of the auction’s close is determined retroactively by an on-chain, verifiable random function. The first five projects to win an auction will be onboarded to Polkadot on December 15.
Testing Liquidity Mining Alternatives
The DeFi space is rapidly evolving, and it’s getting harder and harder for new projects to keep up with the speed. You might think you’re ahead of the game with your latest token or protocol when a new competitor proves you wrong.
While it is not completely clear what DeFi 2.0 is, a core component of DeFi’s next evolution includes alternatives to liquidity mining. The new crop of DeFi projects centers around the idea called protocol controlled liquidity, entailing projects to support their financial applications rather than tap users’ funds by enticing them with liquidity mining rewards.
Reaching the Next Milestone
Bitcoin Comes to the Big Board
ProShares, a famous American provider of specialized exchange-traded products, is launching an exchange-traded fund on the New York Stock Exchange linked to Bitcoin futures. It means that investors will get exposure to Bitcoin without holding the cryptocurrency themselves and only using a classic brokerage account.
This year has been rich for the industry’s milestones, and the upcoming launch is only another sign of crypto’s mainstream legitimacy. Douglas Yones, the NYSE’s head of exchange-traded products, is convinced it is only the beginning. He expects a range of crypto-linked ETFs to get approved.
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Something You Could Have Missed
This is a weekly newsletter curated by our Blockchain Lead Vyacheslav Akhmetov. We cover the most sparkling events in the industry and sharing more about our journey.