CKB Weekly Paper #25: Nervos 2022 Roadmap, Numerous Exclusive NFT Collection on Mibao, and Gitcoin Hackathon
Hello everyone! This is the Chinanervos account manager and CKB weekly’s editor, Serge!
As introduced in the previous issues, the new weekly will have its content organized in two main sections:
Insights: Data and analytics from the various platforms and dapps on the Nervos ecosystem.
News & Announcements: Exciting news, updates, and announcements from the projects on the Nervos ecosystem.
And now, without further ado, allow me to introduce this week’s weekly paper edition!
Highlights
Nervos 2022 roadmap
Adidas exclusive NFT collection on Mibao
Beijing Olympics commemorative NFT collection on Mibao
Mibao implements the CoTA standard
DAS launches 3rd Creator Competition
1. Insights
1.1 ForceBridge
As of the time of writing of this paper, the total volume locked on the Nervos ForceBridge is:
Etherum $36,430,555 (+7.77%, 7-days change)
BSC $11,905,093 (+62.47%, 7-days change)
About ForceBridge
ForceBridge is a cross-chain bridge that connects CKB with other blockchains. Force bridge currently supports two chains - the Ethereum network and the BSC network and will support more blockchains, such as Bitcoin, Tron, EOS, etc., in the future.
Visit forcebridge.com to learn more.
1.2 Layer 2
Godwoken’s TVL last week: approximately $72.7 M
Godwoken’s TVL this week: approximately $76.01 M
7-day change: +4.55%
Note: DefiLlama’s statistics are incomplete as DarumaDAO and Hadouken Finance are missing. As of the time of writing of this document, only YokaiSwap is featured on DefiLlama.
About Godwoken
Godwoken is a Layer2 solution that includes Polyjuice’s EVM compatibility layer + Roll-up expansion. The team announced on November 4 the official launch of the beta version on the Nervos CKB mainnet and the whitelist for developers to join the beta.
Godwoken Layer 2 ensures high throughput and security. Combined with its Ethereum Virtual Machine (EVM) support, it enables developers to employ Ethereum contracts while keeping transactions scalable, fast, and low-cost.
For more information about the capabilities of Godwoken, please visit https://www.nervos.org/blog/nervos-launches-godwoken-mainnet-beta.
1.3 Hashrate
7-day average hashrate: 135.82P (142.46P in the previous period)
7-day average growth rate: -5.10%
30-day average hashrate: 140.41P (140.12P in the previous period)
30-day average growth rate: 3.92%
The number of CKB produced per T: approximately 87 CKB (82 CKB in the previous period)
About the Hashrate
Hashrate refers to how much computing power is being used by a network to process transactions. It can help investors gauge the health and security of a cryptocurrency’s network. The hashrate is an important measure of how decentralized a cryptocurrency’s proof of work network may be against hackers. That’s because the higher a hashrate is, the more complex and costly it is for someone to attack the network.
1.4 YokaiSwap
YokaiSwap Staking ratio
Legend:
Red: $YOK tokens locked in the farms’ LP;
Blue: $YOK staked in the automatic Monster Pools;
Green: $YOK staked in the manual Monster Pools;
Yellow: Unstaked $YOK.
The staking rate of YOK has dropped slightly recently. About 3.44% of YOK are currently unstaked, against 2.18% in the previous period.
YOK/USDC price chart
Legend:
Red: $YOK price in terms of USDC;
Green: $CKB price in terms of USDC;
Following both tokens’ prices in terms of stablecoin - USDC, besides the first week after YOK’s launch, both tokens have been following a similar trend.
YOK/CKB price chart
On the above chart, we can see that the price of YOK in terms of CKB has been fluctuating around 18 CKB in the past two months.
The historic ATL was 12.75 CKB since last year, and then it surged to 23.77 CKB.
In the past week, we hit a new ATL at 9.15 CKB. However, our analysis determines that YOK mining is still very profitable, and you don’t need to worry too much about the short-term price action of YOK.
About Yokaiswap
Yokaiswap is the first Nervos based DEX built on Godwoken, a high-performance permissionless framework for Layer 2 Rollup. After 3 months of public testing, Yokaiswap was officially launched on December 01, 2021. Yokai’s smart contracts use Solidity, the same language as Ethereum Dapps, and provide a fully compatible contract through Polyjoice, one of the core components of Nervos Interoperability 2.0. This means all Ethereum-based Dapps can connect to Nervos at almost zero cost.
Yokai is one of the first projects funded by InNervation, an ecological fund jointly created by CMB International and Nervos. Currently, Yokai’s code is completely open-source.
Follow Yokai at:
Official website: https://yokaiswap.com/
Discord: https://discord.gg/eaCEvRQeAx
Twitter: https://twitter.com/yokaiswap
Github: https://github.com/YokaiSwap
1.5 DarumaDAO
Daruma Staking ratio
90.57% of $DRM are staked in Daruma;
8.35%% of $DRM are staked in liquidity pools, mainly in the DRM/CKB pool;
Only 1.09% of DRM are unstaked.
Daruma APY chart
The APY of $DRM, which is automatically compounded 3 times a day, is currently sitting on 212,470%
About DarumaDAO
DarumaDAO is the first decentralized reserve currency protocol built on the Nervos blockchain, inspired by OlympusDAO. Damura aims to bring the innovative DeFi money design to the most promising blockchain networks.
The core product of DarumaDAO is $DRM, an algorithms-aided stable currency. Each $DRM is backed by a basket of assets in the treasury, which gives it a floor value. $DRM is an interest-bearing asset, meaning the balance of DRM will grow in time, so does its value as the treasury guarantees the intrinsic value.
Follow Damura at:
Official website: https://www.daruma.money/
Discord: https://discord.gg/HBzk89kGqU
Twitter: https://twitter.com/@Daruma_DAO
Medium: https://medium.com/@darumadao
1.6 Mibao
As of the time of writing of this article, data on the Mibao platform shows:
Number of creators: 1,936 (+39)
Number of digital collections: 140,756 (+102,560)
Number of collectors: 17,204 (+8,736)
About Mibao
Mibao is an NFT platform launched by Nervina Labs, an eco-team of the blockchain Nervos. NFT players can explore various interesting NFTs in Mibao, transferring and collecting their favorite NFTs.
To mint an NFT (Free): v.mibao.net
Experience Mibao at mibao.net
Twitter: https://twitter.com/NervinaLabs
1.7 DAS
As of the time of writing of this article, data on the Das.la platform shows:
About DAS
DAS is a decentralized account system on Nervos launched on July 22, 2021.
DAS already supports ETH, Tron, BSC, Polygon chains. As the DID infrastructure of Web 3, DAS is built on CKB, and thanks to the flexibility of CKB’s underlying cryptography support, ETH, Tron, BSC, Polygon, and more can use DAS seamlessly.
DAS currently has 35% of 4-9 characters accounts open and all accounts with 10 or more digits. We recommend registering through das.la, a tool developed by the DAS community.
Register a DAS account now at https://das.la/
Buy and sell DAS at https://bestdas.com
Official website: https://da.systems/
Medium: https://dasystems.medium.com/
Discord: https://discord.com/invite/WVunwT2hju
Telegram: https://t.me/DASystemsNews
Twitter: https://twitter.com/realDASystems
2. News & Announcements
2.1 Nervos 2022 Roadmap
On 25 Feb 2022, Nervos released the 2022 Roadmap, outlining the goals and objectives for 2022. Each item featured on the roadmap will bring Nervos one step closer to achieving its overall goal - making the Nervos network as simple, adaptable, and scalable as possible.
In 2022, Nervos will tick major milestones again and create more cross-platform value. Stay tuned! As Nervos continues to make major breakthroughs in the blockchain industry, we will keep sharing the progress in the upcoming weekly papers with you.
2.2 Nervos will sponsor the Gitcoin GR 13 Hackathon
Nervos has identified the importance of Gitcoin in the open-sourced and decentralized development space, which is why we are excited to be a core sponsor of their latest major Hackathon – GR13. The GR 13 hackathon will kick off next week, build and win cash prized with Nervos and Gitcoin!
2.3 Mibao implements CoTA for Extremely Low-Cost NFTs and FTs
On 01 March, Mibao announced the implementation of the Compact Token Aggregator Standard (CoTA), which enormously lowered the minting fees for NFT on Mibao fee, driving it to near-zero levels. New collections created after this date are eligible to claim free distribution services, with a 500 units/daily limit. Please note that collections created before this time will still cost points. If you need a mass distribution, please contact Mibao directly at contact@nervina.io.
2021 was the year of NFT and Metaverse, and we witnessed Mibao’s experimentation processes on the Metaverse and NFT markets. This year, Mibao also continuously helped brands and creators enter the Metaverse and NFT markets.
After this year's experience working with developers from all walks of life, Mibao has also better understood its mission and its role in the metaverse: In mid-March, Mibao will close the direct sales channel of digital collections and focus on providing technical services for creators, developers, and third-party platforms. All creators who have cash balances from sales on the Mibao platform will be able to withdraw their assets before May 31. At the same time, Mibao will connect multiple partner platforms, making it easier for creators to place their works on the shelves of multiple channels and boost sales.
2.4 Adidas exclusive NFT collection on Mibao
Last week, the renowned international sports brand Adidas released an exclusive NFT collection on the Mibao platform. This collection was produced by Qin JiaShi in collaboration with Adidas, featuring a total of 5,000 limited edition NFTs.
Mibao is committed to helping international brands enter the world of digital collections and had previously helped Lenovo and other brands join metaverse.
2.5 Beijing: The world's first dual Olympic city commemorative NFT collection on Mibao
Also last week, the Shanghai Pudong Science Fiction Association co-launched “Beijing: The world's first dual Olympic city” commemorative NFT collection on Mibao together with the Sports & Culture Development Center of the General Administration of Sports of the PRC, the China Olympic Museum, 2022 Beijing Winter Olympics sponsor, Wentou Holdings, and others.
2.6 Nervos x Opera Partnership Update
2.7 DAS 3rd Creator Competition
The above is all the content of this issue of CKB Weekly Paper. See you next time!
If you would like to know more about Nervos, follow our Chinanervos profiles:
Twitter: twitter.com/ChinaNervos
Telegram: t.me/chinanervos
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