Orbs Update December 2020

Eran Peled
Eran Peled

|

10 months ago

blog

In this update: Orbs PoS V2.5 Official Launch ⁂ Orbs DeFi ⁂ KBW 2020 ⁂ State of the Network ⁂ Media Highlights ⁂ Team Updates

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Hi everyone!

Following the success of the Beta period, Orbs PoS V2.5: The Age of Guardians has officially launched on the 30th of November 2020!

This is the biggest step in the development of the Orbs Network since the launch in March 2019, and will add important improvements to the network’s stability, operational efficiency, and decentralization. A great achievement by everyone involved that will take the Orbs Network to the next level.

Read all about it in this Month’s update.

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Orbs PoS V2.5: The Age of Guardians

It’s official!

With the success of the Beta period, Orbs PoS V2.5: The Age of Guardians has officially launched!

This is truly a momentous occasion in the history of the Orbs Network (second only to the Orbs mainnet launch back in 2019), which will place Orbs PoS architecture at the forefront of public blockchain infrastructure projects.

V2.5 contains a variety of crucial improvements, including automating reward distribution on the protocol, empowering Guardians to determine the level of distribution to Delegators, allowing Delegators to collect their rewards on their own schedule, streamlining validator node operations, moving additional parts of the PoS system to Ethereum, imposing a minimum self-delegation requirement, creating a more sustainable reward rate and adopting a new architecture for reducing gas prices based on the state of the art contract design patterns that are gaining popularity in yield farming contracts.

The launch of V2.5 comes after several months of successful testing and use of V2 and V2.5 in beta form. This process has allowed for the network to be streamlined and improved based on the input and contributions of many Orbs Network participants. We’d like to thank everyone who contributed to this great achievement, your hard work and dedication helped make Orbs PoS V2.5 into reality.

We just want to remind everyone that from now on only V2.5 Guardians and their respective Delegators are eligible for staking rewards. We urge all Delegators to make sure that they’re delegating their ORBS tokens to an active V2.5 Guardian.

The successful transition to Orbs PoS Universe V2.5: The Age of Guardians emphasizes the resilience and commitment of the Orbs community.

Once again we’d like to thank everyone for their important contributions.

A big round of applause to everyone who was involved!

New Orbs PoS Webpage

In preparation for the official launch of Orbs PoS V2.5, we have updated our PoS Universe webpage:

https://www.orbs.com/orbs-pos-universe/

In this new webpage you can find everything you need to know about the new Orbs PoS V2.5: The Age of Guardians, including information about all of the key improvements that are part of V2.5, as well as information about the new, streamlined, rewards distribution process.

Tetra Staking Wallet

As previously announced, the all-new Orbs V2.5 Tetra Staking Wallet has been deployed and has Full support for Orbs V2.5: Age of Guardians.

Delegators who would like to delegate to one of the new Guardians who joined Orbs V2.5 can do so now!  A full list can be found in your Tetra staking wallet.

More information can be found in this blog post:

Orbs PoS Overview Document

Orbs V2.5 emphasizes usage and performance while empowering the Orbs Universe Guardians and Delegators. Orbs V2.5 will enable the Orbs Universe Guardians to take an active role in building and maintaining a secure, scalable network, which will be in a great position to be the first choice for blockchain adoption by mainstream businesses and to better manage and serve the network and its participants. As you can read in more detail in the document below, V2.5 will improve the PoS Universe across many dimensions and represents a significant leap forward in the sustainability, efficiency, and decentralization of the Orbs Network.

Read all about Orbs PoS V2.5: The Age of Guardians is this Overview Document

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Orbs DeFi

The Orbs ecosystem is making great progress towards integration with the DeFi space.

A couple of months after receiving their grant as part of the Orbs Ecosystem Grant Program (OEGP),  the Paradigm team has been hard at work on completing their project’s milestones.

In a short period, they already have set up a liquidity pool on Balancer and Uniswap, and are now working on the Orbs DeFi Portal, which is looking great.

Here is a short recap of everything that’s been going on so far as well as the next steps on the roadmap:

Here is their latest piece - a very interesting and insightful research article on how to combine staking and liquidity provisioning:

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KBW 2020

Orbs presentation on DeFi strategies is one of the most-watched videos in Korean Blockchain week 2020.

Tal Kol, Orbs co-founder, gave a great presentation titled:

“USING CROSS-CHAINS FOR IMPROVING ETHEREUM DEFI STRATEGIES”

Super-interesting topic and excellent delivery by Tal. You don't want to miss this one!

You can watch the full presentation here:

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State of the Network

As part of the V2.5 project roadmap, the Orbs team has prepared this awesome analytical tool for both Guardians and Delegators:

https://analytics.orbs.network/overview/stake

This brand new Orbs Universe Analytics dashboard, aggregates everything you need to know about the Orbs PoS Universe in one place.

A great supplement to Orbs PoS V2.5: The Age of Guardians!

Orbs PoS V1 Discontinued

Following the V2.5 launch event, the last V1 rewards assignment and distribution will take place, and thereafter, V1 will be discontinued. V1 had a great run during the first year after the network launch, but the new V2.5 has improved on this success in really important and powerful ways.

Here is everything you need to know about the upcoming last and final V1 rewards distribution:

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Media highlights

World Economic Forum (WEF)

Storing & distribution of the COVID19 vaccine developed by Moderna and Pfizer presents a unique logistical challenge.

Will tackling the COVID19 vaccine distribution require the first-ever deployment of a blockchain SupplyChain?

Read this article by Orbs co-founder, Netta Korin, which was published by the WEF.

Global Blockchain Business Council (GBBC)

Orbs co-founder, Daniel Peled, participated in this GBBC panel on everything “DeFi”:

  • What's behind the rise?
  • What's the value proposition?
  • What do institutions need to consider?

A great discussion overall, listen to it here:

Hexa Foundation - Blockchain to Report Child Abuse

In 2018, child abuse reports involved 7.8 million children in America, and yet, there is no National Database for child abuse allegations. Each state acts alone without coordination.

We must do better!

Here's how blockchain may help...

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Orbs Team Updates

We are excited to announce that we have moved our offices to a new location.

The new offices are very close to our old offices, but rather than being on the top floor of one of Tel-Aviv’s highest skyscrapers, they are in a 3 story renovated townhouse in the Sarona Market district.

The new offices are a little smaller and without the birds-eye view, but everyone in the team agrees that there is a much more cozy and homey feeling.

A fresh start to an amazing new year ahead!

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As always, stay tuned to our social channels (twitter, Telegram) to keep up to speed with everything that’s going on in the project.

Until next time,

Yours truly,

-Eran

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