Moonbeam Team Unveils Kusama-Based Companion Network Moonriver Via Five-Phase...
Moonbeam’s Moonriver emerged as the winner of the second round of the Kusama parachain auctions, claiming its slot on the Kusama parachain. Kusama’s second parachain slot auction ended on block 8,051,569, with Moonriver winning the auction after 205,935 KSM was bonded to its project. More than 6,000 contributors are backing Moonriver via its crowdloan program […]
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Polkadot is inching closer to primetime following the commencement of parachain auctions on Kusama. Kusama is the sister network of Polkadot, serving as a testbed where much of the innovation is unfolding. Similarly, Moonbeam has its own sister that serves as its own Kusama analog: Moonriver. This week, sister network Moonriver completed the first part […]
As Polkadot inches closer towards its first parachain auction, Moonbeam, one of the fastest-growing parachains on the Polkadot network, is already on a winning spree. Launched in 2020, Moonbeam first deployed its canary network Moonriver on Kusama, Polkadot’s canary network, in June 2021, with Moonbeam set to deploy on Polkadot later this year. Since its […]
Kusama and Polkadot users will be able to use Cream’s services to deposit digital assets as collateral or lend them out. Decentralized finance project Cream Finance will bring its lending and borrowing services to Moonbeam, a smart contract platform on Polkadot. In a Thursday announcement, the Moonbeam network said Cream Finance would be integrating with its ecosystem starting with its parachain on Kusama, Moonriver, and then on Polkadot. Kusama and Polkadot users will be able to use Cream’s services to deposit digital assets as collateral or lend them out. “Lending and borrowing....
The company building Moonbeam is focusing on integration work and a renewed marketing push. PureStake, the company behind the Moonbeam and Moonriver networks, two parachain candidates for Polkadot and Kusama, respectively, announced a successful $6 million raise.The funding round was led by CoinFund and included participants such as Binance Labs, ParaFi, Coinbase Ventures, Fenbushi Capital, IOSG Ventures. Some previous seed investors, who had funded the project in September 2020, also joined. These include investors like the Polkadot-centric Hypersphere Ventures, Hashkey, Arrington XRP,....
Another token bridge suffered a malicious attack where tokens were minted by a hacker through a smart contract exploit, eventually leading to a cascade effect across other DeFi networks. The Meter Passport token bridge platform has incurred $4.4 million in losses due to a smart contract hack which also caused Hundred Finance to lose $3.3 million through under-collateralized loans.Meter.io’s Meter Passport (MTRG) is a token bridge that is compatible with Ethereum and its sidechains. This attack affected the Moonriver side of the bridge.Moonriver is a smart contract platform based on....