Sharing updates from the Vega ecosystem and sometimes slightly beyond. To chat, learn and discuss more, see a full list of resources on LinkTree.
Contents:
RESTRICTED MAINNET HAS LAUNCHED - Expectations & FAQs
Staking on Vega - Blog Posts & Guides
Mainnet Governance - Vote NOW
Fairground Jam - Vega Wallet Walkthrough
Vega Sticker Competition - How to Enter
Alpha Lyrae Font - Now Released
Wen Mainnet? Now Mainnet! 🦔 Here what Vega has been up to:
1. Vega Restricted Mainnet is HERE! 💥
The Vega Restricted Mainnet has launched so let’s go through the functionality that is available in this version of the Vega network:
Trading is disabled, meaning that it will not be possible to create markets and trade on the Vega Mainnet yet.
$VEGA token holders can delegate their tokens to validators, and begin earning staking rewards for securing the network.
Governance voting is enabled, meaning the Vega community will be able to define the optimal network configuration in preparation for the Alpha release.
Although Restricted Mainnet is a real network with value flowing to token holders, it is positioned as an extended test phase, because it is limited in functionality and riskier than networks that will follow it. It is the first step of a three-stage launch process and will be followed by Alpha Mainnet (trading with limits) and v1 Mainnet (unrestricted trading).
For all of your Frequently Asked Questions (FAQs) go → HERE ←
2. Stake on the Vega Mainnet 🎣
The launch of Restricted Mainnet is good news for $VEGA token holders as Vega is a BFT Proof of Stake blockchain and rewards can be earned by nominating tokens to validators. As we’ve entered the Mainnet portion of the Vega journey, the $VEGA staked directly contributes to the security of the network.
For a full introduction to staking, read the blog post → Staking on Vega ←
And for fully fledged guides including Wallet Formation check out:
Validators: Nodes Guru; P2P (MacOS); Lovali (in no particular order)
3. Mainnet Governance - Vote Now 🗳️
As mentioned above, Restricted Mainnet allows for community governance voting to define the optimal network configuration in preparation for the Alpha Mainnet release.
As you can see above, there is currently a proposal to modify the staking reward payout to 0%. At present there is a 3 day delay (initially set for security) on accrued staking rewards. Voting in this proposal would be a good way to exercise your right as a $VEGA Token holder and participate in network governance for the first time.
You only have a few hours let to vote → https://token.vega.xyz/governance
4. Fairground Jam - Vega Wallet Walkthrough 🐌
The weekly Fairground Jam (Thursdays, 6pm UTC, Vega’s Twitch) are an opportunity to learn new things about the protocol and get to know the team behind Vega a little better.
This week, I ran a hands-on tutorial on how to set up the Vega Wallet via command line, associating ERC20 Vega tokens with your Vega wallet and nominating your $VEGA to a validator - easy 😋!
The video will be uploaded to the Vega YouTube channel shortly. In the meantime, check out Arne’s much shorter tutorial video for MacOS above ⬆️.
📆 Add Vega Fairground Jam to your Calendar & join on Twitch for future sessions!
5. Vega Sticker Competition - How to Enter 🎭
As you may be aware, there is a hot new competition on the block and Phase 1 concludes shortly 💨💨!
The Competition
Submit as many stickers as you want - each as an individual entry (see requirements below).
The Vega team will vote to collate the top 40 best stickers.
The community will vote on Twitter for their favourite stickers, with the 20 highest voted stickers getting added into the official Vega stickers on Telegram and Discord, and used on other social channels.
Competition Phases
Phase 1
The submission phase will last ~2 weeks, ending at 00:01 GMT on 04/12/21.
Phase 2
There will then be a ~1-week voting process amongst the Vega Team lasting until 11/12/21.
Phase 3
The Community will then vote on Twitter via retweets to decide the final selection of 20 stickers that will be added to the Vega Discord/Telegram channels.
The vote begins on 13/12/21 from the Vega Twitter account and ends at 00:01 GMT on 18/12/21!
Prizes
Winners share in a 500 VEGA total prize pool: 25 tokens for each sticker that is accepted into the official set of stickers. Creators can have more than one sticker accepted.
Full Competition Information is available on the forums → HERE ←
A GitHub submission tutorial will be available on the Vega YouTube shortly
6. Alpha Lyrae Font - Download Now 🎨
Update — The community font competition has concluded and the chosen font name is Alpha Lyrae (as suggested by jbleouf & Andromeda).
Alpha Lyrae is a typeface that personalises the innovative mindset of VEGA 🌌
It shows the cutting-edge impact on the trading process and the arising freedom unlocked by the power of blockchain technology. Unlike the calm horizontal terminals of the well-known Helvetica, our first proposal visualises terminal cuts following the natural stroke of the letters. This allows a significant increase in the letter apertures for efficient legibility. Moreover, it hints at the inclusiveness and transparency of this novel invention to the community across the world. Another noteworthy feature is the emphasised edgy terminals. They stir the classic appearance of Helvetica associated with old-fashioned concepts of many financial institutions out there and challenge us to think beyond the status quo. It’s safe to say, this proposal takes the best out of both worlds — the trustful reliable shapes of Helvetica and the critical rebellious ideas of modern visionaries.
This font is named by the community, for the community, to creatively express themselves in all they do. It might even prove useful for the Sticker Competition 😉.
Download
https://github.com/vegaprotocol/alpha-lyrae
It’s been a little while but the team are truly elated that Restricted Mainnet has reached the community; another large step in the long, windy road towards decentralised financial services has been taken. Let’s keep taking small steps until we reach the next big milestone.
😇That’s all for this week, take care of yourself, and see you in 2 more😇
-Daigan 🍊