Like a bride or a groom altering their thoughts earlier than the fateful “I do,” the much-anticipated Polkadot Parachain Slot Auctions noticed one applicant puling out early. Now, extra particulars have emerged.
Runaway DAO
In its assertion, SubDAO, a Polkadot-based DAO protocol introduced,
“By way of dialogue with the event crew and prudent consideration, SubDAO Labs formally determined to droop Polkadot Parachain Slot Public sale, and prioritize cooperation with different parachains. SubDAO will deploy its contracts on Moonriver as step one to cooperate with different parachains.”
SubDAO [GOV] listed a number of causes for the choice, together with different choices for progress, a number of XCM updates, and excessive prices.
Trying on the first motive, SubDAO defined that there have been different technological concepts it may discover as a way to be a part of the Polkadot ecosystem – similar to Substrate and basic Modules.
Subsequent, SubDAO mentioned XCM, a “cross-consensus messaging format” meant to assist messages between chains. Nonetheless, SubDAO claimed that there have been many XCM updates, which led to time loss and bugs. SubDAO concluded,
“At this stage, although we safe a Polkadot parachain slot, the auctioned lease can be wasted on debugging and connectivity. On the identical time, the method of debugging and connectivity distract builders’ consideration from their very own core enterprise.”
Lastly, SubDAO expressed a fear that caring for a parachain is likely to be an excessive amount of of a monetary burden.
It’s not you, it’s me
In order SubDAO does some soul looking out, what’s the following step? The cross-chain DAO protocol introduced it was selecting Moonriver for deploying contracts. The Moonriver Community described itself as Moonbeam’s “sister community,” and is a rising parachain on the Kusama Community.
In the meantime, crypto change OKEx confirmed SubDAO’s announcement, and its option to ship a DOT reward to voters.
As @subdao_network determined to droop Polkadot Parachain Slot Public sale https://t.co/oWHJ1TgU2b — OKEx stopped voting at 6:00 am on Dec 3 (UTC) & ship 10% DOT reward of the overall vote as compensation for many who have voted for the challenge. https://t.co/F2SNxo9YOL
— OKEx (@OKEx) December 4, 2021
Moreover, SubDAO introduced it will burn 20% of all GOV tokens in circulation to assist its new technique.
Moonlight sonata
Is the ninth largest blockchain by market cap all that it’s made out to be? Crypto researcher Max Maher in contrast each Polkadot [DOT] and Cosmos [ATOM] utilizing various metrics. Regardless of an enormous distinction in market caps, Maher discovered that when calculating the worth of the community utilizing Metcalfe’s Legislation, Cosmos would solely have to extend by 49% to achieve Polkadot’s stage.
Maher went on to counsel that Polkadot is likely to be overvalued when in comparison with Cosmos, or that Cosmos might be undervalued compared to Polkadot.
