ValiDAOThe ValiDAO Digest ep.29
Welcome back to another edition of the ValiDAO Digest! Each week, we update our dear readers with all the major developments happening within the ecosystems where we operate, provided by your very own local, organic, seed-oil-free validator.HyperliquidHyperliquid experienced a malicious attack via the JELLY perpetual contract, requiring the validator set to vote and delist the market. Despite this whole ordeal, HLP ended up in profit, and affected users and traders will be made whole by the f...
ValiDAOMonad: The Hyperoptimized EVM
IntroductionGmonad, and welcome to another ValiDAO deep dive! Today we're exploring the technical side of Monad. While details are still sparse, we've done our best to gather all relevant information and present what's known in one article. If you've been on crypto twitter in the past year, you've no doubt come across the Mondalak. But you may be wondering: whence cometh the hype? What's Monad all about? Is Monad only popular because they have an insanely cute ma...
ValiDAODrop Money: An Introduction
While the interchain economy has seen an explosive growth in recent years, issues of capital efficiency continue to plague the ecosystem. Particularly, despite the existence of several liquid staking protocols (LSPs), over $15bn of assets are currently natively staked and thus locked and unusable within these networks. Built on Neutron and led by former Lido Finance and P2P contributors, Drop aims to strengthen the economic viability of the interchain by putting these staked assets to work. O...
ValiDAO is a multi-chain, DAO-owned validator. Welcome to our blog! Here, we'll be posting articles of various kinds.
ValiDAOThe ValiDAO Digest ep.29
Welcome back to another edition of the ValiDAO Digest! Each week, we update our dear readers with all the major developments happening within the ecosystems where we operate, provided by your very own local, organic, seed-oil-free validator.HyperliquidHyperliquid experienced a malicious attack via the JELLY perpetual contract, requiring the validator set to vote and delist the market. Despite this whole ordeal, HLP ended up in profit, and affected users and traders will be made whole by the f...
ValiDAOMonad: The Hyperoptimized EVM
IntroductionGmonad, and welcome to another ValiDAO deep dive! Today we're exploring the technical side of Monad. While details are still sparse, we've done our best to gather all relevant information and present what's known in one article. If you've been on crypto twitter in the past year, you've no doubt come across the Mondalak. But you may be wondering: whence cometh the hype? What's Monad all about? Is Monad only popular because they have an insanely cute ma...
ValiDAODrop Money: An Introduction
While the interchain economy has seen an explosive growth in recent years, issues of capital efficiency continue to plague the ecosystem. Particularly, despite the existence of several liquid staking protocols (LSPs), over $15bn of assets are currently natively staked and thus locked and unusable within these networks. Built on Neutron and led by former Lido Finance and P2P contributors, Drop aims to strengthen the economic viability of the interchain by putting these staked assets to work. O...
ValiDAO is a multi-chain, DAO-owned validator. Welcome to our blog! Here, we'll be posting articles of various kinds.
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Welcome back to another edition of the ValiDAO Digest!
Each week, we update our dear readers with all the major developments happening within the ecosystems where we operate, provided by your very own local, organic, seed-oil-free validator.
Story:
Following the current Iliad testnet using the CosmosBFT, Story Protocol announces the upcoming Odyssey testnet, featuring major technical upgrades for the network.
Story has also just released the Troy update, upgrading the Proof of Creativity protocol through a new Grouping and Royalty Module.
Solana:
One of the biggest announcements at Solana Breakpoint was the launch of Firedancer, a highly performant validator client that claims to enable 1M transactions per second (TPS), on testnet.
This announcement comes in conjunction with Frankendancer, a hybrid validator client that combines parts of Firedancer with Solana's current client on mainnet.
Hyperliquid:
The Hyperliquid team seems to be in the final phases of rolling out the HyperEVM for mainnet, with a bug bounty for whitehats and developers to pressure test the EVM on testnet.
Additionally, the Hyperliquid Season 2 points campaign ends this coming week, which have been distributed for spot & perps volume since May earlier this year.
Drop:
Just last week, announced their token incentive program, where 10% of Drop's token supply will be distributed to those who stake ATOM for their liquid staking token (LST).
Off the back of this alongside various integrations and boosters for interacting with other applications, TVL has been steadily growing to over $14M since its launch last month.
Celestia:
One of the biggest highlights within the modular ecosystem this week was Celestia's announcement of a $100M raise, primarily from VCs in the early seed round.
With a major discussion revolving around Celestia's upcoming unlock, this comes as a show of confidence for the modular vision (e.g. Chris Burniske continues to stay bullish on Celestia).
Initia:
While on the topic of new raises, Initia announced an additional $14M in Series A funding, bringing their total raised amount to $22.5M.
With Initia's mainnet launch in the coming months, the modular ecosystem is continuing to make massive strides in scaling and unifying blockchains as a whole.
Conclusion:
And that's it for this week!
As always, we're committed to providing free-range, locally sourced, and seed-oil-free consensus services from geographically diverse locations.
Until next time!
Welcome back to another edition of the ValiDAO Digest!
Each week, we update our dear readers with all the major developments happening within the ecosystems where we operate, provided by your very own local, organic, seed-oil-free validator.
Story:
Following the current Iliad testnet using the CosmosBFT, Story Protocol announces the upcoming Odyssey testnet, featuring major technical upgrades for the network.
Story has also just released the Troy update, upgrading the Proof of Creativity protocol through a new Grouping and Royalty Module.
Solana:
One of the biggest announcements at Solana Breakpoint was the launch of Firedancer, a highly performant validator client that claims to enable 1M transactions per second (TPS), on testnet.
This announcement comes in conjunction with Frankendancer, a hybrid validator client that combines parts of Firedancer with Solana's current client on mainnet.
Hyperliquid:
The Hyperliquid team seems to be in the final phases of rolling out the HyperEVM for mainnet, with a bug bounty for whitehats and developers to pressure test the EVM on testnet.
Additionally, the Hyperliquid Season 2 points campaign ends this coming week, which have been distributed for spot & perps volume since May earlier this year.
Drop:
Just last week, announced their token incentive program, where 10% of Drop's token supply will be distributed to those who stake ATOM for their liquid staking token (LST).
Off the back of this alongside various integrations and boosters for interacting with other applications, TVL has been steadily growing to over $14M since its launch last month.
Celestia:
One of the biggest highlights within the modular ecosystem this week was Celestia's announcement of a $100M raise, primarily from VCs in the early seed round.
With a major discussion revolving around Celestia's upcoming unlock, this comes as a show of confidence for the modular vision (e.g. Chris Burniske continues to stay bullish on Celestia).
Initia:
While on the topic of new raises, Initia announced an additional $14M in Series A funding, bringing their total raised amount to $22.5M.
With Initia's mainnet launch in the coming months, the modular ecosystem is continuing to make massive strides in scaling and unifying blockchains as a whole.
Conclusion:
And that's it for this week!
As always, we're committed to providing free-range, locally sourced, and seed-oil-free consensus services from geographically diverse locations.
Until next time!
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