Aventus Bi-Weekly Update: 10 August – 23 August

Aventus Bi-Weekly Update: 10 August – 23 August
Aventus Bi-Weekly Update: 10 August – 23 August

In this edition of the Aventus Bi-Weekly Update you’ll find exciting updates around our Parachain bid partnerships, information on our latest governance proposal and more.

You’ll also find:

  • Information on our latest partnership with fantasy sports trading exchange ASX Sports
  • Aventus Founder & Chairman Alan Vey shares his thoughts on how small businesses can compete with established market players and win
  • August TECHtalk is coming this week (including a special guest!)
  • The Aventus Advantage: what will we bring to Polkadot’s Parachain ecosystem?
  • Transcript of our most recent AMA 

As most of you know, we will be bidding in an auction for a Polkadot Parachain slot at the end of this month. The auction will run from 28 August – 4 September.

Those that support our ambition to become a Parachain can stake their DOT for the duration of the lease period. You will be rewarded 3 AVT per DOT staked, which you will reap over the duration of our 96 week lease.

While locked, the contributed DOT tokens will be used to cover the cost of Parachain lease, but are never directly accessible by Aventus. When the Parachain lease expires, the DOT that you staked is returned to you.

We’re excited to announce that we will be partnering with Parallel Finance for our Parachain DOT staking – meaning that you can stake your DOT on the Parallel Finance website and earn an extra 4 PARA/DOT reward on top of our rewards. 

You can stake your DOT via Parallel Finance here once our staking opens on 28 August.

Stay tuned for further partnership announcements and updated on our Parachain bid! 

We’re excited to announce that our latest governance proposal is now open for voting.

The goal of this proposal is to enforce on the Aventus Network (AvN) a change in the protocol, allowing for the minting of additional AVT proportional in percentage to the amount of AVT earned by stakers after a staking period.

The proposal has been open since 11 August, and will close this Thursday 25 August after two weeks of voting.

You can find out more about the motivation behind this proposal, its implications and how to vote here

As a start-up, it can sometimes seem daunting to compete with industry heavyweights. But it’s definitely not impossible.

Aventus Founder & Chairman, Alan Vey, shares his thoughts on how small businesses compete with established market players and win with Founders Hub here.

The second edition of the Aventus TECHtalks is coming this week! 

Aventus Developer Relations Engineer Dr Emmanuel Ngubo will be joined by Founder & Chairman Alan Vey to discuss all things parachain bid, as well as the launch of our new voting dApp.

The TECHtalk will take place on Friday 26 August at 2:30pm BST – you can catch it live on YouTube. If you can’t make it, the replay will be available on our YouTube channel to watch at your convenience.

We’re thrilled to announce our latest partnership with ASX Sports, the world’s first fantasy sports platform with live in-game trading founded by Paddy Power, the son of David Power, who co-founded the betting giant bearing the same name.

By creating a permissioned version of the Aventus Network, we will enable ASX sports to securely track transactions and unlock a whole new suite of offerings such as NFTs.

You can find more details about the partnership here, and see below for press coverage around the news:

You may have heard that we’ll be bidding for a slot in Polkadot’s Parachain ecosystem at the end of this month. And it’s no surprise that the motivation behind this is the benefits that it will bring to the Aventus Network – namely increased speed, security, scalability and interoperability.

But we also firmly believe that the Aventus Network has a unique value proposition that the existing Parachain ecosystem will highly benefit from. 

You can find out more about what we’ll bring to the table in this blog.

In our latest Telegram AMA, Aventus Founder & Chairman Alan Vey answered all your questions on our latest and upcoming projects, the current governance proposal, our upcoming Parachain bid and more. In case you missed it, you can find the transcript here

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