Polkadot parachain auctions update

So, there’s some info on Polkadot’s ecosystem version from October 2021. They’re kicking off the auction process, and here’s the timeline: Batch 1 auctions happen weekly: - Auction 1: November 11-18, 2021 - Auction 2: November 18-25, 2021 - Auction 3: November 25 December 2, 2021 - Auction 4: December 2-9, 2021 - Auction 5: December 9-16, 2021 After that, the 6th lease period starts on December 17, 2021. Batch 2 auctions every two weeks but still lasting one week each: - Auction 6: December 23-30, 2021 - Auction 7: January 6-13, 2022 - Auction 8: January 20-27, 2022 - Auction 9: February 3-10, 2022 - Auction 10: February 17-24, 2022 - Auction 11: March 3-10, 2022 Lease period 7 begins on March 9, 2022. You can find more details and updates on their auction pages. Each auction lasts for a week and gives out a slot duration of 96 weeks, split into 8 rental periods of 12 weeks each. For resources, check these links: - Parachains auctions info - Dashboard for Kusama auctions - DOT market auction stats. And for wallets, you can use polkadot.js, Dock Wallet, and Ledger setup for accessing your DOT accounts. Just get ready for staking on Polkadot this year.

A very important event happened recently in the Polkadot ecosystem https://medium.com/wanchain-foundation/wanchain-launches-first-crosschain-bridge-with-link-to-polkadot-brings-evm-smart-contracts-to-dot-38f56a6472f3 "This integration connects Polkadot to the larger crosschain DeFi world. Direct bridges connecting Polkadot to Ethereum, Wanchain, Moonriver and Avalanche are already deployed, meaning that developers on all these blockchain networks can now build decentralised blockchain applications using $DOT." https://twitter.com/MantaNetwork/status/1454212553060626439 "It's confirmed -- @MantaNetwork  will be participating in the first batch of parachain auctions on Polkadot. Get ready! More details coming soon." https://parachains.info/details/manta_network "Manta Network is the plug-and-play privacy-preservation protocol built to service the entire DeFi stack. Built on Substrate to leverage interoperability and zkSNARKs to leverage scalable privacy, Manta Network offers a suite of products and services that enable privacy for blockchain projects. As part of its own suite of products, Manta Network offers private payment and a private decentralized exchange, MantaSwap. Manta’s founding team comprises many US cryptocurrency veterans, professors, and scholars whose experience include Harvard, MIT, and Algorand. " https://medium.com/crustnetwork/join-the-crust-crowdloan-for-the-polkadot-parachain-slot-auction-5346e385485a Join the Crust Crowdloan for the Polkadot Parachain Slot Auction "Contributors will receive a reward of 0.2 CRU per DOT, and there are 1,000,000 CRU allocated to reward crowdloan contributors. 30% of rewards will be available to claim immediately, the remaining will be released 10% each lease period. CRUST implements the incentive layer protocol for decentralized storage, and vision to building a decentralized cloud ecosystem." [moderator's note: consecutive posts merged]

I will definitely participate in auctions. Now I choose Acala, it's a great project. Overall on the investment, my DOT tokens will be locked up for 2 years, but I will get the winning project tokens in return, which can be sold at a profit.

https://app.subsocial.network/5459/quick-parachain-crowdloans-guide-1-21907 1st Batch: Quick Parachain Crowdloans Guide "This quick access guide is an extremely simplified, at-a-glance comparison of the benefits a user can get for contributed DOTs toward one of Polkadot's upcoming crowdloans for a parachain slot. If you happen to notice any incorrect or missing data, please contact me on twitter at @ph_lux. The teams covered here are: Acala Astar Clover FInance Crust Darwinia Equilibrium Litentry Parallel Finance Manta Moonbeam" https://twitter.com/danreecer_/status/1453740495390187543 Dan Reecer (C) "There is currently $19.4 billion in unstaked @Polkadot  $DOT ready for Nov 11th crowdloans & parachain slot auctions. Another $2.99 billion will unstake by day 7 of auction 1 Nov-17 Roughly $22.4 billion (47.79% of supply) will be free for Crowdloans in Auction 1." [moderator's note: consecutive posts merged]

Polkadot is way overvalued and it has some major flaws. One for example is the limited amount of parachains they allow. Octopus Network has an infinite number of parachains it can support and its gas fees and transaction times are better than Polkadot because it's run on top of NEAR protocol, which uses horizontal sharding for scaling. Another cool thing about Octopus is that since it's built on NEAR, its appchains can also work on Ref Finance. That means that you can already yield farm with OCT and other appchains are coming to the farm. You could double your money by investing in the DEIP IDO on skyward finance, then farm with the token on Ref Finance. That's what I'm doing at least. So far it's been working out really well for me. NEAR hasn't had as much hype as Solana yet but it's backed by coinbase and greyscale so it's going to be in the top 20 pretty soon.

Then you don't understand how this ecosystem will work. 100 projects is enough to build a good ecosystem, and the auction method is scam for projects in this ecosystem. Moonbeam and Astar Network will allow other projects to work in their ecosystem. Polkadot-L0. The projects that will win the auctions are L1 The rest of the projects that will be connected to the projects for L1 are L2 solutions.

I participated in moon beam and it was too imaginary. It was really amazing to surpass aca. At the same time, I also participated in Astar. Personally, I am more optimistic about this project.

There are 28 hours left until the end of the first promotion. Almost 8.3 percent of the coins from the entire capitalization have already taken part in the auctions, the coins will be locked for 24 months. The first two places are likely to be taken by Moonbeam and Acala. https://parachains.info/auctions#tab-network-kusama Acala Is 1 winner https://twitter.com/Polkadot/status/1461359368599838728? "Congratulations to @AcalaNetwork for winning Polkadot's first parachain auction! Acala will be onboarded at block #8179200 [Dec. 18] at the beginning of lease 6 with the other first 5 auction winners. Over 81K network stakeholders locked up DOT in favor!" https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Frpc.polkadot.io#/parachains/crowdloan Moonbeam  is second winner! https://twitter.com/MoonbeamNetwork/status/1463902667978256391 "with over 35M DOT contributed from 200k+ contributors worldwide!Зeмнoй шap c мepидиaнaми In gratitude for your incredible support, the Moonbeam Foundation has increased the crowdloan reward pool by 50% to 150M GLMR!" Moonbeam Wins the Second Parachain Auction and Increases the Rewards Pool by 50% https://moonbeam.foundation/news/moonbeam-wins-the-second-parachain-auction/ AstarNetwork  is 3 winner! https://twitter.com/Polkadot/status/1466431277410754562? "Congratulations to @AstarNetwork on winning Polkadot's third auction! Astar will be onboarded at block #8179200 [Dec. 18] at the beginning of lease 6 with the other first 5 auction winners. Over 27.1K network stakeholders locked up DOT in favor!" "Astar won the auction for the third slot of the Polkadot parachain. In support of it, users blocked ~ 10.33 million DOT with a total value of about $ 373.14 million." https://forklog.com/zavershilsya-tretij-parachejn-auktsion-polkadot-pobedil-proekt-astar/ Parallel Finance is 4 winner! https://cryptobriefing.com/parallel-finance-wins-polkadots-fourth-parachain-auction/ "Key Takeaways Parallel Finance won Polkadot's fourth parachain auction today. Contributors staked 10.75 million DOT tokens via crowdloan worth more than $300 million. Parallel Finance (and the others in this auction batch) will begin its lease on its slot in just over a week." [moderator's note: consecutive posts merged]

Some news from SubDAO project, which participates in auction on Polkadot. This project's team has released a new Chrome Extension update, based on the latest SubDAO Substrate node. SubDAO Chrome Extension is positioned to bridge Web 2.0 and Web 3.0.

We will also take part in batch 2, probably closer to the end. Of the worthy I want to highlight HydraDX - their Omnipool is wonderful!

Manta project's team announced official realese of the Dolphin Testnet. Dolpin is the testnet for MantaPay (Manta Network on Polkadot) and MariPay (Calamari Network on Kusama). Using it, users will be able to try out privacy payment services.

How to Participate in Centrifuge Crowdloan Centrifuge joins the fight for a parachain slot in Polkadot in 10 hours - https://www.crowdcast.io/e/how-to-participate-in/register What will a Centrifuge parachain mean for the Polkadot ecosystem? It has never been more clear that interoperability will be key for the future of blockchain, and the Polkadot parachains will be a massive leap in advancing the technology and eventually reaching mass adoption. Let’s paint a picture of what we’re bringing to both the Polkadot ecosystem as well as the entire Decentralized Finance space. Centrifuge has been live since May 2020, reaching nearly $50M in TVL with $64M of assets financed all-time. Our mission is to unlock economic opportunity for all, and to allow everyone access to financing without using a third party or intermediary (looking at you, banks 👀). So far Centrifuge has been tapping into liquidity on Ethereum, meaning users can already access the largest DeFi ecosystem. We have integrated with two of the biggest DeFi protocols in Ethereum: MakerDAO and Aave (launching soon!). But in order to scale and unlock liquidity, a parachain to the Polkadot ecosystem is key for this step in the future of DeFi. Centrifuge will be connected to both the Ethereum and Polkadot ecosystems, positioning Centrifuge as the #1 real-world asset protocol in the crypto multiverse. https://medium.com/centrifuge/centrifuge-connecting-polkadot-to-a-limitless-market-73c7a01d07c0

I'm not sure that it will be a huge step towards increasing privacy of payments. But defienetly it's a big step in developing Manta Network and Calamari Network. This testnet will facilitate every step for Manta and Calamari users.

To be honest, dot really grasped a wave of rising trends. The auction was cut in half at the beginning, and no hope was left to people. Few people care about dot auctions. Now everyone cares about whether Bitcoin is still falling?

Interlay Crowdloan is live Interlay is a decentralized network dedicated to connecting crypto-currencies like Bitcoin with DeFi platforms like Polkadot and Ethereum. The Interlay network is hosted as a Polkadot parachain and will be connected to Cosmos, Ethereum, and other major DeFi networks. Read more about Interlay’s vision of blockchain interoperability. interBTC, Interlay’s flagship product, is Bitcoin on any blockchain. A 1:1 Bitcoin-backed asset, fully collateralized, interoperable, and censorship-resistant. https://parachains.info/details/interlay https://crowdloan.interlay.io/ Clover Finance is 5 winner! Clover is a substrate based smart contract platform built for Polkadot, with added support for Ethereum developers to participate in the Polkadot ecosystem. This will especially help existing DeFi projects on any EVM based blockchain to seamlessly port over their smart contracts onto a Polkadot infrastructure. A few of the main pillars of the clover smart contract platform are interoperability, cross chain integrations, and a seamless multi-chain defi user experience. The set of products that Clover is starting to release reflects this interoperable and cross chain vision as the future of Web3, from the Clover extension wallet, to Cloverscan, to the underlying 2-way peg technology between Ethereum and Polkadot, and eventually support for non-Turing complete blockchains like Bitco https://parachains.info/details/clover_finance Funds raised: 9 752 487 DOT ($248 395 855) Contributions: 5 465 Rewards CLV per DOT: 20.51 CLV [moderator's note: consecutive posts merged]

Polkadot’s #ParachainPhotobooth campaign! https://gleam.io/Ux41i/parachainsarehere "This is a community competition leading up to the Polkadot Parachain Party online event happening on December 18th. 50 participants will be selected to win a limited edition Polkadot Christmas sweater!"

Real World Asset Market: What is it and how will it work? What is the RWA Market? The goal is to launch the first (permissioned) market for Real World Assets (RWA) on the Aave protocol. This will allow Aave depositors to earn yield against stable, uncorrelated real world collateral while Centrifuge issuers can borrow money from Aave, automatically balancing capital needs and providing alternative collateral to volatile crypto assets. What does this mean for Aave users? Aave is a decentralized system of lending pools where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an over collateralized or undercollateralized fashion. Currently Aave users can only borrow or lend against cryptocurrency, which is volatile. The RWA Market will mean that Aave depositors will now be able to earn yield against stable, uncorrelated real world collateral. What does this mean for Centrifuge issuers? Centrifuge enables issuers to create an on-chain asset fund for RWAs, otherwise known as pools, accessed by our decentralised app Tinlake. Each pool is issuing tokens representing a share (in this pool). Issuers of these on-chain asset funds can now provide the collateral assets to the permissioned RWA market by adding such tokens (called DROP) to the pool in exchange for USDC additionally to DAI. RWA Market diversifies the available stablecoins to issuers. https://medium.com/centrifuge/real-world-asset-market-what-is-it-and-how-will-it-work-e457dbcf689c

Today I found really good news that Polkadot launch was complete. It means that parachains are live now, and all auction-winning parachains are currently producing blocks on the network.

Acala To Initiate Its Launch Process on Polkadot: Here’s Our Approach A Thoughtful Approach to Launching Acala’s team includes some of the leading blockchain innovators, Substrate and Rust developers, full stack dApp developers, and economists. With the best talent in place, we’re approaching Acala’s launch with focus, flexibility, patience, and wisdom. Acala’s Roadmap Here we’ve outlined a living roadmap to guide our team. Items are organized within four phases along the pathway of progressive decentralization. Flexible & Adaptable You may notice that timelines are purposefully abstract to account for any dependencies on Polkadot, as well as external audits in process that may require additional updates for the benefit and security of the network. The team is agile and ready to adapt to any changes. Prepared to Practice Patience With this in mind, we expect this launch process to take time. Unlike Kusama, Polkadot has longer governance parameters, which requires any Polkadot-dependent launch items to participate in the on-chain process — a 28-day voting cycle (4x that of Kusama). https://medium.com/acalanetwork/acala-to-initiate-its-launch-process-on-polkadot-heres-our-approach-f9f4e8cb4118

Project Efinity, participant of parachain auctions on Polkadot announced information about additional bonuses for crowdloan supporters who use Parallel Finance. So users can get 5% $EFI bonus for re-staking via Parallel, and 25% $PARA bonus for new Parallel users.