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Lido's DVT Integrations, Stride Network's Merger with Cosmos Hub, and Xion's Testnet Ignition


Lido's DVT Integrations, Stride Network's Merger with Cosmos Hub, and Xion's Testnet Ignition
Nov 07,2023|Newsletter

Welcome to our November newsletter!

Last month was action-packed, and we're excited to fill you in on the highlights. On a side note, our team is growing rapidly — don't miss your chance to be part of it. Head over to our careers page to apply now!

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Lido Begins the process of integrating DVT technology with support from InfStones

Lido is proposing a major innovation in Ethereum staking through the "Simple DVT" module, in collaboration with Obol Network and SSV Network, with a Snapshot vote planned for October 26, 2023, coinciding with the launch of Lido's third DVT testnet. This initiative signifies Lido's commitment to a more secure and decentralized Ethereum staking landscape and its efforts to prepare for future scalability. Although the mainnet deployment starts cautiously, success metrics over three months could lead to an expansion of validator counts, and the support from InfStones underscores Lido's commitment to strengthening Ethereum's decentralized ecosystem.

Stride Network, Partnered with InfStones, Plans Merger with Cosmos Hub

Stride Network, renowned for its liquid staking services, is considering merging with the Cosmos Hub, transitioning from a consumer chain to an integral part of the Cosmos ecosystem, led by a proposal from Stride Labs' co-founder Vishal Talasani to convert their STRD governance token to Cosmos' ATOM token. The merger aims for a deep integration that enables native liquid staking within the Cosmos ecosystem, fully incorporating Stride Network into the Cosmos Hub framework, building upon Stride's previous integration of Cosmos IBC and ICS. Stride's substantial $36.94 million staked total value locked (TVL), primarily in staked ATOM, cements its position as the leading liquid staking protocol in the Cosmos ecosystem. Stride selected InfStones, an original Stride validator, to bolster LST's presence and enhance the dependability and efficiency of their infrastructure, enabling them to deliver an even more seamless experience to their users. You can read more about it here.

Xion's Testnet Ignition: Burnt's Bold Stride Towards User-Friendly Web3 Revolution

Burnt, a Web3 developer, has launched the public testnet for Xion, an innovative Layer-1 blockchain aimed at promoting a user-centric Web3 ecosystem by transforming various aspects such as payments, social interactions, web subscriptions, loyalty schemes, and gaming platforms for seamless digital community interactions. With support from over seventy-five partners, Xion incorporates essential features like onramp facilitation, on-chain community management, and the display of prices in USDC, enhancing user-friendliness across its ecosystem. Additionally, it utilizes a native staking asset for network security by validators, and InfStones, an infrastructure partner, was selected by Burnt for Infrastructure and Validation services, ensuring stability, security, and scalability for the Burnt platform. You can read more about it here.

About InfStones

InfStones is an advanced, enterprise-grade Platform as a Service (PaaS) blockchain infrastructure provider trusted by the top blockchain companies in the world. InfStones’ AI-based infrastructure provides developers worldwide with a rugged, powerful node management platform alongside an easy-to-use API. With over 20,000 nodes supported on over 80 blockchains, InfStones gives developers all the control they need - reliability, speed, efficiency, security, and scalability - for cross-chain DeFi, NFT, GameFi, and decentralized application development.

InfStones is trusted by the biggest blockchain companies in the world including Binance, CoinList, BitGo, OKX, Chainlink, Polygon, Harmony, and KuCoin, among a hundred other customers. InfStones is dedicated to developing the next evolution of a better world through limitless Web3 innovation.