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:
Barney’s take on the FTX meltdown - CoinDesk
Vega Staking Rewards & Inflation - Network Changes
Vega+ - Multilingual League (MLL) Launch
Poker Social - Numero Dos
Alpha Mainnet - AMA with Barney
🏦 Worst week in crypto history? Maybe 🏦 Here’s the lowdown from Vega:
1. Barney’s take on the FTX meltdown - CoinDesk 🔥
Last week was truly dreadful for the crypto industry and may just have set global adoption back a number of years. Nonetheless, it is important, now more than ever, to remind yourself why DeFi will be the clear winner in the end — it’s just a matter of time! Tap the tweet below to read Barney’s comment on the recent news 👇
2. Vega Staking Rewards & Inflation - Network Changes 🔩
Staking rewards and incentive mechanisms are important to create security and economic stability in the Vega network. Users can delegate VEGA to be staked with validators in order to receive a portion of the infrastructure fee (% of each trade that is allocated to validators/stakers for securing the network).
Update Summary
Implementation of the emissions curve that reduces VEGA token rewards for staking to the proof of stake network has been delayed to support validators and stakers while they receive no fee revenue from trading due to the extended Restricted Mainnet phase.
Further delays would put the network on an unsustainable footing and divert tokens from other uses such as trading rewards, so VEGA staking rewards will gradually reduce starting on 16th November 2022.
Read the full blog post for details → HERE ←
3. Vega+ Multilingual League Launch 🗺
After introducing the return of the Multilingual League (aka MLL) in last month’s Community Call we published a blog to provide further insights into the next arm of Vega+, open to current Ambassadors only. The Multilingual League (AKA, The MLL) will be focusing on Vega’s global community outreach, amplifying Vega’s mission of permissionless market creation across many nations and overcoming any potential linguistic barriers.
To learn more about the Vega+ MLL read → HERE ←
Then watch this -
Don’t forget that Vega+ Applications are currently still open! The other Ambassadors will welcome you soon so make sure to apply before November 18th 🦔. If you are successful, you’ll hear back on the 21st, with onboarding beginning November 22nd.
4. Poker Social - Numero Dos ♣️♣️
In the next couple of weeks, a vote will be run on the Vega Discord to establish a date & time for the Poker Social. Some of the swag prizes for the victors include:
🥇Camp Flag, Water Bottle, Neon Hoodie, Back Pack
🥈Camp Flag, Water Bottle, Neon Hoodie
🥉Camp Flag, Water Bottle
4th and 5th places might also receive prizes depending on the number of attendees! 😬
5. Alpha Mainnet - AMA with Barney 🍭
This week, Daig and Barney held an invite only AMA with the Vega+ Ambassadors so that they can receive all the information needed around Alpha Mainnet expectations. The event began with a 15 minute overview of where Vega is at and what is coming next, followed by pre-prepared questions from the Ambassadors and then an open AMA! It is key for the Ambassadors to learn what is happening first so that they can directly support the community as we transition into a mainnet with live trading.
Importantly, this was one of 2 Alpha Mainnet AMAs planned; the 2nd takes place late November/early December and will be a Twitter Space open to the entire Vega Community! When the dates are finalised, they’ll be announced on Vega Social channels. The 2nd session should have a greater focus on the launch timeline as there’ll be more certainty by then.
♥️ May the heart of the cards be ever in your favour | but don’t do an FTX ♥️
- Daigan 🍊 + Edo 🥝