The Baking Sheet - Issue #110

July 29, 2022

The momentum continues to grow

Welcome to this week’s issue of The Baking Sheet!

As Tez/Dev has concluded, this week has been business as usual within the Tezos ecosystem. Kathmandu has passed the proposal phase successfully and is now entering the next stage of the governance cycle, exploration phase. Now is the time to vote bakers, for a quick refresh on what Kathmandu brings to the protocol, check our article on the features proposed.

For this week’s issue, we’re going to highlight the recent Tether news. 

Hello, USDT

If you’ve been active in the Tezos community for some time, you’ve likely encountered the statement “when USDT?”. 

The wait is over. 

About two months ago, we learned that Tether had plans to launch its stablecoin on the Tezos network. In their press release, Paolo Ardoino (CTO at Tether) cited a few reasons for why they chose to do so. 

“We’re excited to launch USD₮ on Tezos, offering its growing and vibrant community access to the most liquid, stable, and trusted stablecoin in the digital token space. Tezos is coming fast onto the scene and we believe that this integration will be essential to its long-term growth.”

This week, the integration finally went live making Tezos the twelfth blockchain in which USDT is available. 

I think this news is pretty significant as it's part of a trend we’ve been seeing as of late. If you were able to make it to Tez/Dev, they were quite a few teams/organizations present. 

That’s worth noting because not only is core development accelerating at a rapid pace (as indicative at Tez/Dev), but DeFi on Tezos has been growing in culmination with that. 

But don’t just take it from me, in the words of Alessandro de Carli of Papers:

“With the introduction of USD₮, on and off ramps into the Tezos DeFi ecosystem are simplified and efficient. Tezos is an exemplary system with features and tools which have enabled innovative application designs not possible on other networks. The launch of USD₮ on Tezos will undoubtedly unlock new DeFi products and I expect the impact on volume growth of the Tezos DeFi ecosystem to be remarkable.”

Last call to nominate for Tezos Rewards

 This is the final week for submissions on who you think deserves recognition and tez for their contributions to the Tezos ecosystem. 

There is up to 5000 tez available per month for the Tezos community with all different ranges of skills and contributions. 

Tezos hits over 11K contract deployments

Tezos blockchain hits an all time high of new monthly contract deployments with over 11,000! From our experience at Tez/Dev, the developer community is growing rapidly and its exciting to see people choosing to build Tezos because of its effective on-chain governance and continuous evolution.

This Week in the Tezos Ecosystem

Tezos India, one of India's blockchain adoption entities has announced the launch of its new initiative titled Tezos India Game Launchpad (TIGL)

Binance has completed the Tether (USDT) Tezos network integration. Deposits for Tether (USDT) are now open on the Tezos Network.

Team Finest is pleased to announce the organization has renewed its collaboration with Tezos Israel to build their first NFT on the energy-efficient Tezos blockchain. This one-year renewal of the contract will make history as Team Finest becomes the first eSports club in Israel to produce NFTs

Built on Tezos, three organizations from United Nations are using Electis voting solution

Reminder: The Tezos ecosystem is filled to bursting with amazing and talented people.

“Choose your baker” is specifically interesting for Corporate Bakers, which can now choose nodes on the blockchain that meet their compliance criteria so they can comply with regulations.

OBJKT will be supported through Hyperminter batch minting NFTs, and it is a matter of time until the others are integrated. 

In 2022, a photo of your face surrounded by autumn leaves can’t surprise anyone anymore. The new trend is PFP, or NFTs from popular collections instead of social network avatars.

This Week in Tezos Development

We recently introduced a new capability to send events from Tezos smart contract in Protocol Kathmandu. This provides a canonical interface for contracts to write events into transaction receipts easily without resorting to custom eventing solutions. It is cheap in terms of gas consumption and potentially allowing indexers to serve events to your off-chain application, as demonstrated by our toy dApp.

LigoLANG are building a program for users to try out LIGO beta features!

- In exchange, you will get privileged support on your developments and will have access to a dedicated channel to discuss it.

- Your direct feedback is highly valued and LigoLANG is keen to increase collaboration to improve their coming features.

—> If you are willing to contribute and be part of this technical initiative, reply to this post or DM the team

Now Streaming

Josef O'Connor of Circa Art sits down with renown artist, Marina Abramovic

The Stack Report - Trend Report

This is the Weekly Tezos blockchain trend report, by The Stack Report

Transactions

Last week, transactions were on average 217,222 per day. As compared to a daily average of 199,286 the week before.

The daily average of transactions, is up 9% (17,935.86), week over week.