Author: Ahmad Zubair

SiO2 finance has struck a partnership agreement with Onfinality that will see Onfinality providing essential scalable API services for SiO2 Finance. Under this partnership Onfinality has agreed to give SiO2 Finance full access to its API and one-click deploy collator nodes. Onfinality will also assist SiO2 finance in testing the network’s capabilities and limitations by providing valuable data regarding how the nodes are being run, and also data on the nodes scalability,depending on the size of traffic at the particular time of operation. The partnership will help to reduce SiO2 developers workload, which will enhance faster development on Astar network.…

Altair has won the coveted slot auction on Kusama to secure a Parachain slot on the Kusama network Altair has been operating as a parathread for the 23-30 lease period ,and this slot now secures it’s continuity till July 2023. Winning this Parachain slot means Altair can now focus on building and improving the cutting edge technology development for the experimental test net for Centrifuge as the real world asset(RWA) financing playground for the Kusama ecosystem. Also Altair will go ahead with working on “connectors” which is a hybrid crosschain solution that will be launching in partnership with AVA labs,…

Icetea labs is launching its accelerator program, which is scheduled to run for 8 weeks and will help startups in production, market fit, and growth.The focus of this 8-week batch of the program is NFT utilities, Game-fi, metaverse solutions, and a lot more.The program will be packed with objective-driven content, including: Product/market fitting and business model.Technical improvement; security and attack prevention.Ecosystem engagement; go-to-market strategy andFundraising. At the end of the program, qualified startups will present and pitch on the “Showcase day” to more than 50 global investors, mentors, experts, and strategic partners.Application closes on the 12th of August and the…

Algem has teamed up with Starlay finance and Kagla. This partnership will open up more revenue streams for users on these platforms. With this partnership, Algem will integrate nASTR tokens into the lending platform of Starlay finance and also on the stable swap protocol of Kagla . Now nASTR token holders will be able to use and benefit from Starlay and Kagla’s technology by being able to perform better with new Defi strategies. With nASTR tokens, they will be able to deposit nASTR on Starlay as collateral in order to borrow other assets.Algem is seeking to bring maximum levels of…

Acala is launching another staking program for Acala network owners. This is coming after a successful first round of the staking program. An estimate of $200,000 worth of network-acquired surplus will be used to buy back ACA to be distributed as ACA-aUSD-LP tokens to stakers. The program will run for 3 months, starting on the 4th of August 2022, with rewards In ACA-AUSD-LP tokens and a loyalty bonus of 50%. The loyalty period will run for 90 days. The idea of the proposed buyback of ACA from the $200,000 worth of network surplus will prevent the dilution of ACA token…

Acala has launched a scheme on its network known as IADs. IADs will create an Interprotocol credit issuance which enables direct deposits of aUSD (stable coin of Acala network and the Dotsama ecosystem) liquidity from one protocol to another, using the liquidity pool token as collateral for aUSD issued. This scheme will now serve as the new form for issuance of aUSD in addition to collateral debt positions ( CDPs). Protocols belonging to the Polkadot and Kusama ecosystems can now efficiently assess aUSD liquidity through this scheme. What is the use for creating IADS aUSD has expanded in use since…

Parallel’s Heiko Finance (the sister network of Parallel finance) has won the 45th Kusama network Parachain slot in a Crowdloan auction after a total of 25,000 KSM was received from 475 contributors. The crowd loan received a significant boost from the community after a bonus was announced for the first 8000 KSM contributed, 12 hours after this announcement 11,000KSM was contributed. Winning this Parachain auction slot will enable Parallel finance to continue testing and building a decentralized future that empowers the community to increase capital efficiency, security, and accessibility through leverage staking and auction lending. These will all lead to…

Axelar has extended its network into Moonbeam by allowing bridging of tokens between select Cosmos and EVM Networks. Asides from this property of a token bridge being enabled, Axelar’s GMP (general message pass ) protocol allows for cross-chain smart contract communication. This will allow developers to build cross-chain connected applications that can harness the resources from Polkadot, Ethereum, Cosmos, Avalanche, and more in terms of functionality. Presently multi-chain Dapps are in the form of unified interfaces for duplicated protocols across multiple EVMs. These protocols will then enable cross-chain contracts connection using Axelars GMP. This will further facilitate elaborate functionality and…

Nova wallet has added four new DApps to its catalog. these include: What will these new DApps bring to users of Nova wallet Evrloot is an RMRK-based immersive, epic adventure game where players can compete with each other for NFTs and other valuable collectibles. Downtown Moonbeam is a curated list of 257 projects building on the moonbeam and Moonriver ecosystems. Here, users can find details of listed projects including their performance in the markets and the latest updates. Darwinia Network is a platform that provides a light, client-based, and programmable cross-chain message network for DApps developers. The DApps on the…

Onfinality has partnered with Kylin Network, to help foster the provision of scalable API services. This partnership will enable Onfinality to provide reliable scalable and well-functioning API services and also a one-click node deployment service to Kylin Network. It will also enable users on the Kylin ecosystem to access Onfinality for the deployment of dedicated collators or full nodes within Kylin in a matter of minutes. This is done through Onfinality’s dedicated node deployment. This partnership will further enhance the testing of Kylin’s Network by providing the community with data on how nodes are running and scaling as the amount…