COMPLETED: Catalyst Fund 11 - EVM and #Ethereum Bridge
Huge thank you for the support shown from the Cardano community, we are honoured to have delivered the bridge between #Cardano and Ethereum with assets starting to flow between the two networks and have just received confirmation of our Cardano Catalyst Fund 11 project being closed out.
Reading feedback such as the following makes us extremely proud of our open source product -
"I would like to mention that this is one of, if not the best, documented projects that I've seen come out of Catalyst in terms of GitHub documentation, especially given the complexity and large number of components the projects has"
We would also like to take this time to remind we have the following proposals:
🔸Catalyst Fund 12 - Funded: Bridging Bitcoin Runes - Commenced development
🔸Catalyst Fund 13 - Open: - On boarding Solana
https://t.co/wpi6yhAGHF
🔸Catalyst Fund 13 - Open: - On boarding SUI
https://t.co/rpbRIzYyAv
Given our proven track record to deliver our quality open source project, we would be grateful for the continued support from the Cardano community for our Fund 13 proposals!
📰 Ergo Ecosystem Weekly Update
📢 This week, we bring you a detailed summary of recent advancements, innovations, and community-driven insights across the Ergo ecosystem.
🔧 Protocol Development Insights
- Protocol 6.0 Soft-Fork Finalization: During the weekly Ergo Developers chat, the finalized soft-fork update for Protocol 6.0 was discussed with a focus on enhancing financial contracts and exploring new research areas. Developers were encouraged to share ongoing project updates to drive collaboration and knowledge sharing.
- Sigma State Enhancements: The release of Sigma 5.0.15 was confirmed, introducing the scrypto update and executeFromVar functionality. Testing continues, particularly on the UnsignedBigInt PR tests, to ensure stable integration.
- Ergo Node and Reference Client 5.1.0: The Ergo protocol reference client 5.1.0 has been finalized and is undergoing review. This update integrates new numeric methods for UnsignedBigInt, with testing expected to wrap up shortly, furthering the reliability and efficiency of the node client.
💰 SigmaUSD Reserve Ratio and Financial Tools
- SigmaUSD Reserve Ratio at 570%: With the reserve ratio for SigmaUSD reaching 570%, the contract is now open for SIGRSV redemptions, fostering stability and confidence in the stablecoin’s economic model on Ergo.
- Silver Price-Based Oracles: Developer pgr456 has begun implementing oracles based on silver prices, expanding the range of real-time asset data available for financial contracts and decentralized applications on the network.
- Yield Tracking Initiatives: A new yield visualization tool is now available, showing annual returns of approximately 2.3% for ERG and 39.4% for SigUSD. This provides an accessible view of competitive returns within the ecosystem for asset holders.
- SigmaUSD and Oracle Pool Testing: A comprehensive update plan for the SigmaUSD bank and oracle pool is in progress, with testing phases on both testnet and mainnet inviting developer participation to bolster system robustness.
🌉 Cross-Chain Developments and Liquidity Management
- Rosen Bridge Expansions for Smaller Chains: Ongoing improvements to the Rosen Bridge are geared toward integrating smaller chains. New chains can now submit proposals for testing, increasing Ergo's cross-chain interoperability.
- Cyberverse Multichain Expansion: The Cyberverse project is advancing a multichain model with plans for NFT integration across Ergo and Cardano. The community is actively discussing implications of asset bridging and the potential for seamless multichain interactions within Cyberverse. Read more.
- Unified Liquidity Management Proposal: Community members introduced a proposal for unified liquidity tools across Ergo, Ethereum, and Cardano. The proposal aims to streamline cross-chain liquidity management, fostering greater integration and ease of use.
🛠️ User Experience & Wallets
- https://t.co/8C3uExPYay P2P Options Relaunch: https://t.co/8C3uExPYay has relaunched with an updated interface for P2P options trading, creating a more accessible and user-friendly platform for direct peer-to-peer transactions.
- Keystone Hardware Wallet: Developer pgr456 continues to enhance the Keystone integration, focusing on transaction detail displays and secure signing processes, which will elevate security for Ergo users in managing their assets.
- Ledger Hardware Wallet Integration: The first functional review from Ledger for Ergo integration has been received. Ergo developers are refining compatibility, with the Ledger Nano X recommended for current users. Older Nano S models will phase out, ensuring Ergo users maintain robust security features.
- Satergo 1.9.0 Development: The next Satergo release, version 1.9.0, is expected to include Ledger support, with discussions on adding offline vault functionality through downloadable plugins. This provides users with additional wallet flexibility and security. Details here.
🔄 Mining and Community Participation in Rosenet
- Technical Updates on Mining: Users discussed current mining conditions, noting shifts in difficulty and hash rate. These fluctuations underscore the need for ongoing strategy adjustments among miners to remain efficient.
- Community Engagement for Rosenet Nodes: Discussions highlighted the potential for broader community involvement in Rosenet, encouraging users to consider running nodes for Rosen Bridge. A structured participation strategy is underway to support this initiative.
- Bridge Expansion Kit Update for Dogecoin: An external developer has begun work on integrating Dogecoin with the Bridge Expansion Kit, expanding cross-chain functionality. Additional updates on this integration are anticipated soon.
📊 Visualization Tools and Mempool Management
- Nautilus Wallet and Mempool Management: Documentation enhancements for the Nautilus Wallet’s dApp Connector are underway, alongside research into a backend system to streamline mempool management for greater efficiency.
- Live Mempool Visualization Tool: Developer c8e4d2a introduced a live visualization of the Ergo mempool, enabling real-time tracking of transaction flows. This tool is accessible on GitHub and provides added transparency.
- Be sure to check out https://t.co/aqrDKs9oLX too if you haven't for a 3d explorer of blockchain data!
📅 Upcoming Community Events and Engagement
- Community Call on Marketing Efforts: A community call focusing on joint marketing efforts for Ergo will be held on November 15th at 4 PM UTC. Join the discussion to contribute ideas and strategies to enhance Ergo’s outreach. Event details here.
- Community Chat Every Thursday: Engage with key members from the Ergo team, including Chepurnoy, Armeanio, Daniel Tetsuyama, qx_ergo, shishirpai, and cannon_qq, in a weekly community chat. These Thursday sessions provide insights into recent developments, answer community questions, and foster real-time engagement.
🎉 Community Highlights
Ergo Meme Contest Winners: Congratulations to the winners of the Ergo Meme Contest!
🥇 1st Place: ZurikPazurik
🥈 2nd Place: ergosiast
🥉 3rd Place: sigmanaut
Special Mention: ergo_turkey
About the Contest: Hosted by Ergo Sigmanauts, the contest encouraged community members to create fresh, original memes. Prizes included 10 ERG for first place, 8 ERG for second, and 6 ERG for third. Only new memes were eligible, sparking creativity and humor within the Ergo community.
#ErgoTokenSprint - Token Growth Contest: In this ongoing contest, new tokens on Ergo compete for growth based on engagement, trading volume, and unique wallet interactions. Highlights this week include:$SIGRSV: +107.6%
$SPF: +101.9%
-: +98.0%
Contest Details: The Token Sprint emphasizes rapid token growth, with ERG prizes awarded to top-performing tokens based on metrics like community engagement and trading volume.
Join #PoCoP in shaping the future of blockchain engagement, where your commitment & creativity are the driving forces! Promote & support #Ergo and earn #ErgOne. Your involvement is measured by Virality Score, ensuring fair distribution of rewards.
https://t.co/f8fKb1mmdc
#Ergo
Bring on the Memes! 🖼️
We’re throwing down ERG prizes for the funniest, freshest takes! Let’s see who can bring the laughs 😂
🏆 Prizes:
🥇 1st: 10 $ERG
🥈 2nd: 8 $ERG
🥉 3rd: 6 $ERG
Only Rule: It must be a brand-new meme! No old memes allowed!
To Enter: Post your meme with #crypto #meme #ergo
Deadline: 7 days (starting now!)
Get those memes cooking!
@CryptoDomF Depends on your timeline but this cycle use Fib Extension for guidelines. Max ~$82 but you never know with crypto and how powerful $ERG is…
#ERGO
Bring on the Memes! 🖼️
We’re throwing down ERG prizes for the funniest, freshest takes! Let’s see who can bring the laughs 😂
🏆 Prizes:
🥇 1st: 10 $ERG
🥈 2nd: 8 $ERG
🥉 3rd: 6 $ERG
Only Rule: It must be a brand-new meme! No old memes allowed!
To Enter: Post your meme with #crypto #meme #ergo
Deadline: 7 days (starting now!)
Get those memes cooking!
Ergo Ecosystem Weekly Roundup
Here’s the latest on our ecosystem’s growth and innovation over the past week.
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🚀 Core & Integrations
- Keystone Wallet: Ergo integration is progressing, with address generation functional; transaction signing is up next.
- Ledger Integration: Kushti confirmed that updated code will soon be sent to Ledger for functional testing, with completion anticipated in approximately two weeks.
- Node Indexer Development: R&D for the Ergo protocol is actively refining the node indexer and addressing feedback in preparation for the upcoming Sigma release.
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🌉 Cross-Chain & Liquidity Updates
- @RosenBridge_erg: Now processing Ethereum transactions; the rsERG/ETH pool on Uniswap is expanding, alongside rsETH/ERG on ErgoDex and Mew Finance.
- RosenNet Testing: A new P2P layer for Rosen Guards is in final testing stages! Community testers with strong hardware are encouraged to participate.
- BSC Integration: Binance Smart Chain integration continues to advance, bolstering cross-chain operations.
- @Mew_finance: Now supporting rsSNEK, Cardano assets, and verified collections, with Hummingbot allowing users to act as their own market makers.
- Liquidity & Arbitrage: New arbitrage and liquidity mechanisms are live on Uniswap and ErgoDex.
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🎉 Community & ErgoHack IX
- ErgoHack IX: Active with projects like CLB Liquidity Initiative, Stable Benefactor Platform, and 3D Explorer, all focused on enhancing engagement, liquidity, and learning.
- Submission Extension: The deadline for ErgoHack project submissions has been extended to November 1st at midnight UTC, with video presentations due by November 4th.
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🎮 DApps & Project Updates
- @ZengateGlobal Stablecoin: Announced an upcoming lithium-pegged stablecoin, adding to Ergo’s stablecoin options.
- @CyberVerseGame Rocket Rush: New multiplayer game launched! Navigate obstacles and compete for points on your way to the moon.
- @SatergoWallet Vault: Offline vault now adds an extra layer of security to Ergo wallet management.
- @PaideiaDAO Development: Mainnet has been deployed, with basic API functionality tested. DAO functionality is currently being integrated through proposals.
- @NautilusWallet v0.15.0 Beta: Zero-confirmation support is available for testing on Abyss—user feedback is encouraged.
- Improved Data Visibility: Plans to enhance transparency on the Gluon website with key stats like minted amounts and TVL were outlined by Zahnentferner.
- $Bober Proposal Success: MaverickBg reported a 54.6% participation rate in a successful proposal vote for the $Bober token. The next steps include transferring $Bober to MewFinance for yield farming, with $ERG covering hosting expenses.
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💡 Insightful/Philosophical Community Discussions
- Community Project Engagement: wombo22 highlighted discussions on Ergo’s potential as a currency, urging community input on relevant forums.
- Development Focus Clarification: Kushti clarified recent ErgoDevs discussions, specifying that they are centered on tool development rather than Sigmachains.
- Enhanced Mining Ecosystem: Cannon_q mentioned an upcoming feature allowing ERG mining to be swapped for tokens like rsBTC, ETH, ADA, and RSN, with additional exploration of NFT minting for mining swaps.
- Quantum State Dialogue: Grayman_48142 and Broski9000 discussed the implications of quantum measurement, contrasting classical views on decoherence with perspectives on entanglement.
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Join us on Discord and continue pushing the boundaries with Ergo!
https://t.co/MVP6psRpNz
So Fibonacci charting for $ERG shows price points once breaking above all time high at $30, then $50, $70 then $82 👀
I would say depends where we are in bull run next year to decide where top will be among these prices
Higher is of course possible but not expected 🤝 #Ergo