HappyBlock Project Info Summary (03.06–03.12)

HappyBlock

5 min readMar 15, 2021

Overview

Wootrade: WOO completed the second monthly repurchase and burn.

XDeFi: XDeFi closed the seed round investment.

Phala: Huobi Global launched PHA perpetual contract trading & PHA mining event.

Akropolis: AKRO ranked in the top 10 of Polkadot ecosystem-development activation.

Bifrost: Bifrost reached partnerships with two Polkadot ecosystem projects, Phala and Apron.

TrustBase: TrustBase released a community Q&A article.

Wootrade

Progress

1/ WOO has completed the second monthly repurchase & burn, burned 817,564 WOO, and the total number of 6,063,331 WOO burned in the two monthly repurchases.

2/ Wootrade will participate in the Big Data Protocol as a market data provider and will establish a long-term partnership with BDP to provide professional investors with a composable and accurate market data set.

Event

1/ The Wootrade Content Creation Contest started, where community users can submit articles, images, Weibo and other content, with a total prize of 3,000USD.

How to participate

2/ From March 5 to March 15, during BitMart Third-Anniversary celebration, the WOO Trading Contest will be held, with a total prize pool of $5,000 WOO tokens

Website: https://woo.network/

XDeFi

Introduction

XDeFi is a DeFi stack whose products include but not limited to: an optimized AMM DEX — xDEX, a streaming payment protocol for delay-unlock — xHalfLife, a European option for low-frequency to hedge spot risk — xOption.

Progress

1/ The XDeFi project’s contract code passed the Certik security audit, and all known bugs and risk in the test network have been fixed.

2/ XDeFi announced on Twitter that the seed round investment has ended, but no further information has been disclosed.

3/ On March 10, the second round of XDeFi test network experience ended. xDeFi users can test the core functional modules such as Project Swap, Liquidity Add/Remove, and xHalfLife creating cash flow through the Kovan test network.

Website: https://xdefi.com/

Phala Network

Progress

1/Phala Network completed unlocking a total of 30,000,000 PHA of the private sale portion before March 11. The next unlock scheduled on September 11 as the final batch of the private sale portion.

2/ Phala released “Privacy Project Weekly Briefing #2”, an article summarizing the weekly project summary of Oasis Network, Secret Network and other privacy projects.

3/ Phala Network reached a strategic partnership with Bifrost, a Polkadot-based DeFi protocol, where Phala will explore further the possibility of using privacy features to enhance the advantages of staked derivatives.

Event

1/ Huobi Global started the “PHA Limited-Time Mining” event on March 12, where PHA holders can stake on the exchange and receive mining rewards.

Participating: https://www.huobi.be/en-us/financial/earnings

2/ Huobi Global launches a PHA perpetual futures bonus with a total reward of 20,000 USDT.

Website: http://phala.network/

Akropolis

Progress

1/ As of March 12, 2021, Delphi had 2,881 active members and $22,911,720 TVL.

2/ PolkaProject has published a ranking of development activity for the Polkadot ecosystem, with Akropolis ranked 10th. PolkaProject is an open source project that now supports developer activity ranking/tracking, by referencing GitHub repos as well as other updates.

Website: https://www.polkaproject.com/#/rank

Website: http://akropolis.io/

Bifrost

Progress

1/ Bifrost reached a strategic partnership with Phala Network, and Bifrost will contribute liquidity derivative benefits to the Phala Network privacy-protection consensus.

2/ Bifrost has reached a strategy cooperation with Apron Network, a Polkadot ecosystem infrastructure service platform. Apron will provide decentralized node services, on-chain data indexing and other infrastructure services to Bifrost in the future.

3/ Bifrost released the 45th weekly project report, the second phase of Bifrost’s Mint Drop event reached the $24 million hard-cap and will soon be connected to the Rococo V1 test network.

Website: https://bifrost.finance/

Trustbase

Progress

1/ TrustBase published a community Q&A article about their project, which answered many questions from the community about the fundamentals of the TrustBase, how it contributes to the Polkadot ecosystem, etc.

Detail: https://basetrust.medium.com/trustbase-q-a-from-the-community-e3e497337a45