How to stake TUR to earn rewards

How to stake TUR to earn rewards

Like most blockchains networks, Turing relies on a community of node operators to collect and agree on (“collate”) the transactions that get included in each block. Also like most blockchains (decentralized ones at least), Turing provides incentives for securing the network, allocating most of Turing’s 5% token inflation to stakers and collators.

While anyone can operate a Turing Network node (“collator”), only the 24 with the most staked TUR (self-bond + delegated) will be selected into the active pool for block production and rewards. By delegating stake to an existing collator, anyone with as few as 50 TUR can participate in Turing’s token rewards and help their selected collator to secure a spot in the active pool.*

OAK’s Delegator Overview provides links to applications, dashboards, and Turing staking guides to assist in selecting a collator, staking, and delegating. The team at OAK Network is proud to have support from StakeBaby,Web3Go, and other ecosystem partners to make staking easy and accessible to all!

Join our community on Telegram and Discord to #browse-collators!

* The number of collators selected into the active pool and the minimum amount of TUR required to delegate are subject to change (via governance vote).

OAK Network Raises a $5.5M Seed Round from Foundation Capital, Greylock, and Hypersphere Ventures

OAK Network Raises a $5.5M Seed Round from Foundation Capital, Greylock, and Hypersphere Ventures

OAK Network, the Web 3.0 hub for Defi and payment automation, closed a $5.5M Seed round led by Foundation Capital, Greylock, and Hypersphere Ventures. Other notable participants in the funding round include Electric Capital, Monday Capital, GSR, Shima Capital, Blockwall Digital, and angel investors.

OAK Network’s innovation, the event-driven transaction, allows users to create bespoke on-chain automation not possible today. Incumbent “automation” solutions are not consumer-friendly, requiring coding knowledge, AWS servers, and private key delegation. OAK’s more powerful transaction shifts the paradigm of automation from centralized servers to the blockchain. With OAK, users are empowered to schedule future and recurring payments, engage in trustless auto-trading, and place decentralized limit and stop-loss orders on AMM DEXs all without smart contract middlemen or compromising the security of a user’s wallet.

The OAK Network team received an open grant from the Web3 Foundation in May 2021, and won the 1st prize in the Polkadot hackathon in July. The team has developed a working proof of concept of the event registry on top of Parity’s Substrate open source framework. OAK Network’s chains are natively compatible with Polkadot, and will be integrated with Kusama and Polkadot as parachains through crowdloan auctions. The networks and timelines are,

Neumann Network, a parachain testnet that has been operating since June 2021.

Turing Network, a Kusama parachain to launch in Q2 2022.

OAK Network, a Polkadot parachain to launch in Q4 2022.

“The reason we chose Polkadot is because it has solved many critical problems of Ethereum. The blockchain comes with out-of-the-box solutions such as staking, DAO governance and inter-chain communication. The adoption of Polkadot will take time but technologically, many constraints have been lifted for us to develop the next generation blockchains.” says Chris Li, co-founder and CEO.

“We’re a team of utilitarian builders. We’re driven by the vision that in an increasingly decentralized world, there is a great need for automation to be seamless, trustless and secure for consumers of all generations.” — Irsal McGinnis, co-founder and CTO.

Ultimately, OAK Network will bridge to and facilitate other major blockchains such as Bitcoin, Ethereum, and Solana. The team is actively working with academia to develop cutting-edge solutions for cross chain communication and on-chain automation privacy.

Stay tuned for further information about the OAK Network here on Medium, Twitter and LinkedIn, as well as in our Discord Server!

Five minutes to understand Dante Network: “The Internet Protocol stack” of Web3

Five minutes to understand Dante Network: “The Internet Protocol stack” of Web3

Dante Network is one of the winners of NEAR MetaBUILD Hackathon and is named “Most Potential Impact” in the Native track.

Dante Network’s vision is to build the “Internet Protocol” for Web3. As a middleware and infrastructure project, Dante Network is unique among the GameFi and NFT project winners, even though it is bound to provide continuous support for a number of diverse metaverse applications.

In this article, we will try to give a short explanation of Dante Network in conjunction with the whitepaper and related materials, and talk about the Internet Protocol, Web3, Dante Network, and the relationship between them.

Internet Protocol Stack

In 1969, the Advanced Research Projects Agency (ARPA) established the Apha Network (ARPANet) to interconnect four mainframe computers located at different universities. Since then, this connectivity has gradually expanded and more computers have started to join the network. And, over the following decades, the network has been continuously improved and refined, both in terms of the infrastructure and the associated protocol stack. The ARPANET has passed out of existence and is rarely known by people now, but it’s indeed the predecessor of the Internet.  In a way, without the original Apa.com, there would be no Internet today.

The big-name TCP/IP protocol, for example, was proposed and gradually generalized during this period, and now it has become one of the indispensable cornerstones of the Internet protocol stack. In the process of ARPANET growing into the Internet, some standards and specifications were gradually formed and deposited, commonly known as the “Internet Protocol Stack”, including the famous TCP/IP Protocol, in addition, there are many basic protocols, such as ARP, DNS,  And HTTP/HTTPS, which is often typed into the browser.

The modern Internet is built on top of these protocol stacks, and the routing and switching networks that actually implement them. For most of these protocols, it is difficult for the common people to get a direct sense of them. For example, we use Telegram, we use Twitter, but we rarely notice that these software and their websites use the TCP/IP protocol and the HTTPS protocol, also, the DNS protocol saves you from having to memorize “142.251.12.101” IP addresses when you want to access “https://www.google.com”.

The gains and losses of Web3

In 2008, Satoshi Nakamoto released Bitcoin: A Peer-to-peer Electronic Cash System. It had limited influence at that time, but no one expected that Bitcoin and the blockchain technology behind it would largely open the way for people to imagine and build Web3. Vitalik push it to the second climax in 2014, although at the time it seemed that Ethereum was far less well known and taken for granted than it is now.

The original intention of Ethereum was to build a world computer, and in a sense, it did, a Turing-complete, distributed, and decentralized computer.  For many years to come, the idea of decentralization also prompted a number of thoughtful people after another to take the path of Web3 exploration. Blockchain opens up the possibility of decentralized collaboration, however, it is also due to the technical system of blockchain that each blockchain network is naturally isolated, just like a separate computer.

In 2022, there will be many other world computers besides Ethereum, such as Near, PlatON, Avalanche, BNB, Solana, etc.  As I said, they’re all powerful, but they’re also isolated from each other.

Today, we don’t know what possibilities will be brought to the Web3 world with the breaking down of this isolation and fragmentation, just as people in 1969 could not have imagined the radical changes the Internet would bring to their lives.

Dante Network

Protocol Stack

If all that above we discussed makes sense, then it will be easy to understand what Dante Network is up to.

The famous OSI model has seven layers, physical layer, data link layer, network layer, transmission layer, session layer, presentation layer, and application layer. The TCP/IP protocol mentioned before is the protocol of the transmission layer and network layer respectively, while HTTP is the protocol of the application layer. These protocols work together to realize the interoperability of the Internet.

Dante Network has also planned similar layers from the perspective of basic and commonality, as well as protocols for each layer, which cover a number of methods and standards for data and service representation, data routing, information consensus, security quality requirements, etc. To use a simpler metaphor, it helps everyone agree on a language to communicate according to established words and syntax, so that they can understand each other’s words, know who is talking to whom, who needs whom to do what, and who does what for whom, so that everyone can fully collaborate.

Network

At the same time, Dante Network will also implement an instance based on this protocol stack, that is, a network composed of nodes specifically to implement this protocol, which will physically connect the various public chain ecosystems in the Web3 world, just as the Internet needs some series of switches and routers specifically to implement Internet protocols to connect.

Based on the connection of Dante Network, comprehensive information interoperability will be realized between various public chain ecosystems, and even the interconnection of cross-chain smart contracts, which will greatly enrich the multi-ecosystem combinability of dApps and other DeFi applications. At present, Dante Network has realized the interoperability among Near, PlatON, Avalanche, ETH and Flow, and will continue to improve its completeness and security, and support more public chains.

SDK

Decentralized collaboration is one of the constant themes of Web3. In order to bring more possibilities to the connected ecosystem and make it easier for users to enjoy the benefits of connectivity, Dante Network will encapsulate and provide two types of SDK, one for dApp developers and one for node/community developers.

The Client SDK will provide development support for dApps, through which users can directly call Dante Network’s multi-chain services within dApps, enabling dApps to synchronize information and smart contract calls between multiple chains.

The Adaption SDK will provide development support for nodes. Developers can carry out secondary development based on this SDK to introduce more chains into the interconnection support range of Dante Network.

Conclusion

The interconnection and interoperability of Web3 is a great vision, the realization of Dante will bring innovative experience for Web3, just as the “Internet protocol stack”  is to the current Internet, perhaps, its value and significance need a long time to demonstrate, but, that does not hinder our expectations and longing for it today.

The Big Unlock is complete. More than 1 million KSM locked for the 1st five winning crowdloans on Kusama was made available to participants. This event coincides with the completion of the Moonriver Crowdloan Rewards distribution.

The Big Unlock is complete. More than 1 million KSM locked for the 1st five winning crowdloans on Kusama was made available to participants. This event coincides with the completion of the Moonriver Crowdloan Rewards distribution.

The Moonbeam Foundation is pleased to share that the Moonriver Crowdloan rewards have been distributed in full. This coincides with the completion of the parachain slot for lease period 13-20 that was obtained through the crowdloan, which ended on May 15, 2022 at approximately 10:30pm UTC.
The KSM contributed by crowdloan participants has been unlocked, which means it is now available to use and transfer. While typically these tokens require “claiming,” the Moonbeam Foundation has taken the proactive steps of issuing a batch claim transaction on behalf of those who contributed to the Moonriver crowdloan, effectively sending back crowdloaned KSM to the contributing address.
These tokens should be visible in the KSM wallet or exchange you originally used to contribute to the crowdloan. Note that this transaction will unlock only the KSM contributed to the Moonriver crowdloan; you may need to take additional steps if you contributed to other crowdloans.
The KSM for the first five winning crowdloans was unlocked simultaneously, totalling 1.1 million KSM, or roughly 10% of the total supply of KSM. Since many parachains are now fully launched, there are many options for using and staking this KSM within the Kusama ecosystem. For a greater explanation of the options and what “The Big Unlock” means for you, refer to this recent blog.
If you are unsure of your original contribution or want to verify that the amount has been returned to you in total, refer to your original contribution transaction that was recorded in Subscan. To confirm your original contribution amount, enter the KSM address you used to contribute and navigate to the “Crowdloan” tab. The Moonriver crowdloan ID was 2023. You will be able to see the amount of your contribution here under “Total.”
The 2021 Moonriver Crowdloan notably rewarded participants with 3,000,000 MOVR tokens, which represents 30% of the genesis supply of the network. It successfully obtained a slot for Moonriver in June 2021. Now that the rewards have been distributed in full, this significant portion of the token supply is directly in the hands of community members. Additional tokens have been distributed to the community in the form of development grants. More information about the current state of tokenomics can be found on the MOVR transparency page.
The Moonbeam Foundation secured a second slot for Moonriver in March, and the swap to this new slot was completed earlier this week with no downtime or impact to users. There was no need for an additional crowdloan since the slot was self-funded, which means existing MOVR reserves can be used for initiatives that help increase activity and adoption on Moonriver, including grants and developer support.
Wanchain Deploys New Bridges Connecting Moonbeam, Moonriver, Polkadot and Wanchain

Wanchain Deploys New Bridges Connecting Moonbeam, Moonriver, Polkadot and Wanchain

Wanchain, the global leader for blockchain interoperability solutions, has integrated new bridges that connect respectively Wanchain (WAN) with Moonbeam (GLMR), Moonbeam with the Polkadot Relay Chain (DOT) and Moonbeam with Moonriver (MOVR).
In addition to bridging GLMR, MOVR and DOT, Wanchain is also deploying bridges that are compatible with Moonriver’s Substrate crosschain assets xcKSM, xcKAR, xcKINT, xcRMRK, xcBNC, and xcKBTC.
These assets use Polkadot’s XCM format and XCMP transport protocol, two innovations which allow parachains to natively send messages between themselves and the Relay Chain.
In other words, these are what allow Substrate-native assets to be transferred between a parachain, like Moonbeam and its relay chain, Polkadot, or between other parachains that are connected to the same relay chain.
This solution, however, encounters the same obstacles as other heterogeneous Layer 1 networks; messages and data can’t be transferred to other ecosystems. This is where Wanchain comes in. Wanchain’s new bridges pave the way for these assets to be used outside the confines of the Dotsama ecosystem. The first asset to benefit from this is xcKSM, which will be able to move seamlessly between Moonriver, Moonbeam and Wanchain.
Polkadot and Kusama are two blockchains that are independent platforms, yet remain closely related because they are built on the same code base. Numerous parachains powered by Polkadot have a Kusama-based canary network, which means that a seamless connection between Polkadot and Kusama, and each is of vital importance.
True to its mission of creating a completely decentralised crosschain environment for all blockchains, Wanchain is now developing solutions for ”Layer 0” blockchains, such as Polkadot, to facilitate interoperability between different environments like Polkadot, Kusama, Ethereum and Avalanche.
After having successfully developed decentralised bridges for key blockchains, such as the first BTC-Ethereum direct bridge, the integration of Layer 0 bridges represents a new era in Wanchain’s mission to drive blockchain adoption through interoperability.
“Creating solutions to connect the most popular blockchains is key for growing the whole blockchain industry,” said Li Ni, VP of Business Development and Operations at Wanchain. ”And yet, nowadays, the enormous number of different public and private blockchains demands just as many unique solutions. There is no one-size-fits-all solution. For that reason, we are now focusing on more sophisticated issues that still need to be solved, such as connecting Layer 0 solutions, especially due to the rising popularity of the Dotsama ecosystem.”
“The proliferation of chains means that no one interoperability solution can provide connectivity to all destinations,” said Derek Yoo, Founder of Moonbeam. “The team at Wanchain have a unique solution providing cross chain transactions and asset transfer to destinations including Ethereum, Bitcoin, and EOS. We look forward to supporting developers building multi chain applications leveraging the Wanchain integration to open new trade routes and new markets of users and assets.”
Coinbase Cloud Works with Acala Foundation to Support Liquid Staking

Coinbase Cloud Works with Acala Foundation to Support Liquid Staking

Coinbase Cloud is pleased to announce support of liquid staking through a collaboration with the Acala Foundation, starting with KSM liquid staking on Karura.
Liquid staking lets token holders stake their tokens while still putting them to work in DeFi — without being subject to unbonding periods. This offers token holders more opportunities to participate in the crypto economy.
Liquid staking is an important initiative that has the potential to bring even more participants into the growing Polkadot DeFi ecosystem, help unlock more value for token holders, and onboard more users into web3.
The significance of liquid staking
In traditional proof-of-stake networks, users who stake their assets are subject to an unbonding period where they cannot withdraw their tokens before a given time period. This time period is different for each protocol, such as 28 days for Polkadot and 7 days for Kusama. Additionally, even though users are earning rewards on their staked tokens, they are unable to use staked tokens in other applications.
Liquid staking changes that — It lets users earn both staking rewards as well as any rewards that wouldaccrue from using their tokens in DeFi applications.
Through this process of liquid staking, users can stake their tokens and receive a representative L-Token in exchange (e.g. stake DOT and receive LDOT). The L-token represents both the principal staked asset as well as the staking yield that continues to accrue. L-Assets are tradable across all chains on the Polkadot and Kusama networks and are redeemable for the underlying asset at any time.
Therefore, stakers are able to maximize their potential rewards. We must note that, like many other proof-of-stake networks, users also risk losing a portion of their tokens in the event that a validator is slashed.
Liquid staking launched for Karura in 2021, which allows users to stake KSM tokens on Karura in exchange for LKSM. To support the initiative, Coinbase Cloud is powering allowlisted validators that receive delegations from the community. LKSM offers liquidity for staked KSM, as users are not subject to an unbonding period and can unbond at any time for a small fee. This newfound liquidity will enable users to use their LKSM to earn yield in other use cases, such as to earn yield on Anchor Protocol in Acala’s recently announced integration. Early unbonding allows users to instantly exit staking positions, instead of waiting for the standard seven days unbonding period, eliminating the opportunity cost of the unbonding period.
Once live, the mechanism for liquidstaking on Acala will function in the same way. Users can stake DOT and receive LDOT in return.
Liquid staking is set to lay the foundation for a number of new use cases, including minting aUSD (the native stablecoin of the Polkadot and Kusama ecosystem), creating new synthetic assets, and additional yield opportunities for aUSD and L-tokens. As the crypto and Polkadot DeFi ecosystem continue to grow, initiatives like liquid staking create opportunities to unlock additional value for token holders and help the network grow and scale securely through increased participation.
What’s Next?
Running high-performance validators with uptime is critical to helping protocols scale and ensuring that those who have staked their tokens continue to earn rewards. Coinbase Cloud has deep expertise in decentralized infrastructure and the Polkadot ecosystem, which positions us as an ideal infrastructure provider for the liquid staking initiative.
Coinbase Cloud has been closely involved with the Substrate ecosystem, having worked on Polkadot and Kusama since their earlier testnets and offering web3 builders a comprehensive solution of infrastructure solutions for Substrate.
For those looking to participate and build in Polkadot, Kusama, Acala, and Karura more broadly, check out our protocol guides for Polkadot, Acala and Karura. Or, visit our secure read/write infrastructure solutions for builders. Get in touch with our team to learn more.
Token holders looking to participate in the Polkadot DeFi ecosystem can participate in Acala liquid staking today. Visit the Karura Wiki for more information.
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https://serokell.io

Serokell is a software research and development company, focused on high complexity tasks in the area of computer science.
Our team is composed of developers, designers, engineers, computer scientists, and mathematicians, all to help you realize your vision.
We use functional programming to write robust code that works anywhere, anytime.

Initially, we worked with StakerDAO to implement the STKR governance token a monitoring app on Tezos. After that, we moved to BLND token and implemented a set of Ethereum contracts for holding BLND and performing buyback with them.

We also implemented a web app to run the buyback process.

After that, we designed and implemented the Bridge application and associated set of contracts that allow exchanging BLND and wXTZ tokens between Ethereum and Tezos.
We are working on Bridge backend support for ALgorand now.

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BLNDSTKRStakerBridge

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Contract development (Ethereum, Tezos)
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Development of applications interacting with Tezos, Ethereum and Algorand blockchains.

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https://randlabs.io/

Rand Labs is a blockchain development lab specialized in Algorand technology.

At Rand Labs we have developed specialized expertise in blockchain technology. Through 8 years of experience, we have worked closely with all major blockchain protocols and have garnered valuable experience in the industry that helps us deliver the maximum quality in our products and those of our partners.

We spend years training and advancing our team members' skills by facing ever more complex technical challenges in the blockchain space. Having helped and participated in the development of many of the most popular blockchain products in the world since 2013, we are in the capacity to deliver quality solutions regardless of the difficulty of the problem.

Despite having built numerous blockchain products and consensus upgrades from scratch, we believe a business-oriented acumen is as important in delivering maximum product-market fit. With our long history in the industry, we have developed a valuable network of relationships that is available to our partners. Additionally, The Rand Labs management team has been very active as investors and advisors in the space. We have invested in and advised very successful projects. As important, we have seen many projects fail which allowed us to learn valuable insights from those failures.

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wALGOStakerBridge

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Product DevelopmentAlgorand Smart Contract development and auditsBackend developmentInfrastructureDev ops UX UI

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Rand Labs has always been a fully remote company, way before the impacts created by COVID. We believe this has allowed our company to operate completely crypto native, including payroll, corporate structure, and revenue. We feel that by operating this way, every individual in our team is positioned to deliver the best products and solutions of this industry.

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https://stove-labs.com/

Learn more on Stove Labs Github, Twitter, and Telegram.

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wXTZStaker Farms

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Tezos BlockchainIPFSReasonMLSmart ContractsOpensourceDAPPsTutorials

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https://www.staker.services/

Staker Services provides technical, business and operation services for the cross-chain era. The Operations team specialised in the DeFi ecosystem, with experience in launching products across chains - from Ethereum to Tezos, Algorand, Polkadot and more.

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"ChainSafe Systems is a blockchain research & development firm with a focus on building infrastructure for Web3. We are actively contributing to the Ethereum, Ethereum Classic, Cosmos, Polkadot, and Filecoin ecosystems and are open to contributing to other Web3 ecosystems where we see merit. Feel free to visit our website or email [email protected] with any inquiries.”

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Team members in 17 countries and counting!

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