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Kusama Parachain Auction Is Coming Soon, Which Crowd-Lending Assets Are Worthy of Focus?



We have been looking forward to Kusama’s parachain auction for more than half a year, and we are finally about to meet. The final auction plan is likely to be announced at today’s Polkadot Decoded conference. So, as a KSM token holder, which parachains should we focus on? And how to calculate the final income? What is the bidding strategy of each parachain project party? Share around these issues today. The Polkadot Decode community online meeting will start at 21:45 Beijing time on May 19th, and it is very likely to announce the development rules of the Kusama parachain. At 3:30 on May 20th, Beijing time, Gavin will have a friendly "bar chat" with Aeron Buchanan and Alistair Stewart, and Gavin may personally announce the Kusama parachain auction details. Kusama releases slots in the form of auction, and most parachain teams will choose to use Kusama’s built-in crowdfunding mechanism (Crowdloan) to crowdfund their slot leases, so that investors can use their own KSM to support parallel chain to obtain the token rewards of the parallel chain. So, which crowdlending assets should we focus on? What are the characteristics of these parachain projects? What rewards will they provide for this crowdfunding? The author lists six parachains here, they are Acala, Plasm, Kilt, Bifrost, Crust, Phala. Parallel chains that need attention 1) Acala Network project introduction: Acala is the world's first decentralized open financial alliance and the Polkadot ecological financial center. To bring financial stability, liquidity and accessibility, core Layer 1 modules such as the Honzon protocol for cross-chain multi-asset collateral, the Homa protocol for releasing Staking asset liquidity, and decentralized exchanges have been launched. Project features: Acala is the DeFi Hub in the Polkadot ecosystem, and it is also an infrastructure equivalent to the DeFi field. It mainly includes several large modules: the first is the decentralized over-collateralized stablecoin (aUSD) system, which is equivalent to the Maker DAO of the Polkadot ecosystem, and is used for the issuance of over-collateralized stablecoins; Billy Markus: against cryptocurrency hype: 11 On the 5th, Billy Markus, one of the founders of Dogecoin, tweeted that he opposed cryptocurrency hype, which is sometimes used by those who want to make a quick profit in public opinion, in order to own cryptocurrency or others in the future. The more valuable an asset, the more value must be added to it. Musk then commented below to express his support. [2021/11/5 6:34:06] The second is the decentralized asset swap, an automatic market maker based on the AMM mechanism, which is equivalent to Uniswap providing the DEX function for the Polkadot ecosystem; the third is to release the liquidity of Staking , Through this module, users can exchange their pledged tokens on the main network into intermediate tokens (L-KSM/L-DOT) to enter circulation and improve capital utilization. Bidding strategy: a) Token information main network: Acala Network (ACA), with a total of 1 billion ACA; Pioneer Network: Karula Network (KAR), with a total of 100 million KAR; b) Bidding strategy Karula auction will take out KAR About 11% of the total amount is used as a reward. Users can understand this as "Paradrop". Assuming that 100 KSM is locked, at least 1200 KAR will be obtained. If it is 1:12 (at least) according to the one-year period, at least it means that there may be more. After the network goes online, 30% will be released immediately, and the remaining 70% will be released linearly block by block according to the one-year lock-up period. 2) Plasm Network Plasm Network is a Polkadot-based multi-virtual machine, scalable and interoperable smart contract parachain. Plasm supports layer-2 expansion contracts including Optimistic Rollups and ZK Rollups, and is compatible with Ethereum Solidity smart contracts and WASM smart contracts. In addition, cross-chain bridges to heterogeneous chains including Ethereum and Cosmos are also being developed. Plasm has a unique DApp Staking and Operator Trading mechanism, which allows developers to earn profits by developing on Plasm and sell their own contract operating rights; while community members can continue to earn income through DApp Staking. First, Plasm is the earliest smart contract platform in the Polkadot ecosystem to implement EVM+WASM multi-virtual machines, which means that existing projects based on Ethereum Solidity smart contracts and emerging projects based on WASM smart contracts can be directly migrated/deployed on Plasm superior. Interlay network Kintsugi won the 11th parachain auction of Kusama: On October 13th, the 11th parachain slot auction of Kusama network ended, and then a random "rolling of the dice" was carried out for about 35 minutes to determine the final winner. At around 16:28, Interlay's leading net Kintsugi successfully won the 11th slot of Kusama by locking 199,999.9 KSM. So far, Kusama’s second round of slot auctions has all ended, and then the Kusama network will suspend the auction to observe the stability of the network, and then start the third round of auction. [2021/10/13 20:26:02] Second, it is also the only project in the Polkadot ecosystem that supports Layer 2. But I believe that the above two points may be realized in more projects in the medium-term future. Third, the most groundbreaking and innovative features of Plasm are the unique DApp Staking and Operator Trading mechanisms. This will allow developers to earn income by developing on Plasm, and community members can share dividends through DApp Staking. In addition, developers can also sell smart contract operation rights on the chain. Main network: Plasm Network Pioneer network: Shiden Network, total circulation 45 million, SDN and PLM 1:1 correspondence. It is planned to reserve 30% of the total SDN supply for Kusama slot auction. For the first card slot auction with a lease period of 48 weeks, 15% of the total amount of SDN tokens, which is 6.75 million SDN tokens, will be given back to users who lock KSM and support Shiden auctions. 3) Kilt Protocol KILT open source blockchain protocol, in a standardized way, it is possible to describe and prove any type of characteristics of individuals, organizations and even things. It is used to issue claim-based verifiable and revocable anonymous credentials in Web 3.0, providing user data sovereignty and interoperability for applications. KILT has the potential to build new business models around trust. Teacher Gu Yanxi's evaluation of Kilt Protocol: The Kilt project focuses on providing identity authentication in a distributed manner. The identity authentication function is a must-have condition for large-scale financial applications. Although the current DeFi applications are popular, they are still financial transactions between anonymous users. Therefore, it is impossible to promote the application on a large scale. Kilt's project can provide participants' identity authentication in a distributed manner, and the granularity of identity authentication is finer than that of existing physical entities. So Kilt will be widely adopted. Obviously, the market has a clear judgment on this, so it has begun to support Kilt as a parachain in the Polkadot ecosystem. Polkadot released the Kusama and Parachain Stability Report: There is a network deterministic pause problem, but the overall operation is stable: On August 17, in the Kusama and Parachain Stability Report released by Polkadot, combined with the stability of the parachain block generation, Approval voting (ApprovalVoting), network connection and load (CPU and network) four key factors concluded that the current network is running smoothly, the only major problem is the network occasionally encountered deterministic stalls (finality stall) problem, but due to these stalls Caught by a failsafe, so did not cause much damage, the root cause is currently being investigated and a solution will be given before the parachain is launched on Polkadot. [2021/8/17 22:20:00] Kilt Protocol has not yet given a detailed bidding strategy. Earlier on February 16, Kilt Protocol CEO and founder Ingo Rübe shared their plans for the next few months, which mentioned their auction plan, but did not mention the reward mechanism in detail. For details, please check this article, 4) Bifrost Finance Bifrost (Rainbow Bridge) is the basic protocol of Polkadot’s ecological DeFi. It is committed to becoming an infrastructure for pledged assets to provide liquidity. Currently, it has launched vToken, a derivative product for Staking and Polkadot Parachain Card Slot (PLO). Project features: First, the first liquidity derivative product: vETH was launched in the fourth quarter of 2020. vETH is specially designed for users who participate in Ethereum 2.0. Holding vETH is equivalent to participating in the pledge of Ethereum 2.0 and gaining benefits at the same time, and can trade or participate in DeFi applications at any time during the lock-up period. Up to now, a total of 17,788ETH of vETH minting value has been accumulated through two phases of vETH minting airdrops, which is equivalent to a total lock-up market value of $27M. After accessing the parachain, vToken, a general-purpose liquidity derivative, will be activated, which is compatible with most PoS public chains, and continues to operate according to the developed logic and token economic model. Second, during the parachain auction period, SALP (Slot Auction Liquidity Protocol) will be launched to solve the opportunity cost lost by participating in the parachain pledge. How does SALP work? After users participate in the Kusama parachain auction through Bifrost, they can obtain the two assets vsKSM and vsBond through the SALP agreement. vsKSM represents the KSM token pledged in the parachain slot. With vsKSM, they can trade at any time. In the future, they can be traded on DEX Trade with CEX; vsBond represents the rights and interests attached to participating in the parachain auction. Billy Markus, the founder of Dogecoin, suggested that AMC, an American cinema chain, accept Dogecoin as payment: On July 3, Billy Markus, one of the founders of Dogecoin, tweeted to suggest that AMC, a chain of cinemas in the United States, accept Dogecoin as payment, and said he would use Dogecoin is used to purchase products such as popcorn. [2021/7/3 0:25:14] How is the vsKSM price guaranteed? Some people may think that the SALP agreement is actually adding leverage, which will also lead to a sharp drop in the price of assets vs KSM, but it will not. We know that the vsBond issued for each parachain will have a redemption period. After the expiration, as long as you hold vsKSM and vsBond, you can redeem KSM one-to-one. When you buy vsKSM at a lower price, when your vsBond expires, you can get KSM one-to-one. The price difference in the middle is the arbitrage space, so the SALP agreement is a risk hedging tool for investors participating in the slot on the one hand, and on the other On the one hand, it can actually increase the number of KSM and DOT locks in the entire parachain slot during the flat auction process, giving the entire Polkadot ecosystem more ways to play. Bifrost is the first parachain to use the SALP protocol. 16.2 million (10 years later), currently 5 million in circulation No first network 1 KSM : X BNC reward (X will be announced at the beginning of the official stage, the ratio is at least greater than 1 KSM : 10 BNC). 5) Crust Network Crust provides a decentralized storage network for the Web3 ecosystem, supports multiple storage layer protocols including IPFS, and provides interfaces to the application layer. Crust's technology stack can also support a decentralized computing layer. Crust aims to build a distributed cloud ecosystem that values data privacy and ownership. First, off-chain data storage. Some blockchain-based applications, such as NFT, decentralized social platforms, etc., will involve a large amount of user data, and the storage capacity on the chain cannot load these huge data. Developers can integrate Crust for some decentralized blockchain full-node data storage solutions based on the Crust/IPFS network. Second, P2P content-zce distribution network. Under the action of the Crust network incentive layer protocol, the nodes in the Crust network will spontaneously spread CDN files in the network and assume the responsibility of edge nodes, resulting in faster data transmission. Users can use Crust to provide content-zce distribution and acceleration for some decentralized videos, social media sites, software and personal private sharing. News | The Kusama network has been updated to version 0.6.6: Yesterday, Polkadot founder Gavin Wood reminded validators in Riot that the Kusama network has been updated to version 0.6.6. Please make sure to upgrade to v0.6.6. Technically, older versions can still be verified, but v0.6.6 will provide better performance. This version fixes the problem that the node that has been hung up is still displayed. At the same time, validators have increased to 60, and Parity is very confident that it will increase to 100, or even more, in the next day or two. (PolkaWorld) [2019/11/4] Third, decentralized website and DAPP deployment. Developers can deploy their own Dapps and websites based on the Crust/IPFS network. Developers only need to focus on the construction of Dapp and website without managing any servers, and it has the characteristics of high availability, high security and low cost. At present, the website deployment of Uniswap and PolkaApps has been migrated to Crust. In the next stage, Crust hopes that more websites will be deployed decentralized through Crust.


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