Gmgmgmgm Square Fam!
Happy Monday!
Welcome to the 25th episode of The #ICP Pulse Season 3, your daily dose of all things on $ICP
Now, without further ado, Let's get into today's episode🚀
1️⃣ $ICP Price action
Hmmm.
So, that was a local top, indicating the strong resilience of that zone.
Imo, this is still a healthy pullback, considering the market conditions.
As long as we strongly hold around the 200 EMA, we are good.
Now, I am looking for a strong green candle with above-average volume so we can finally take off because the VPVR also shows a relatively low volume requirement for this zone.
Now we wait.
As always NOT FINANCIAL ADVICE, So DYOR🙂
Note that we aren't going into a deep analysis of our usual stuff, as we have to discuss what happened at the R&D Meeting, which was released on the 27th of September 2024.
2️⃣R&D Meeting Minutes September 2024 @ DFINITY HQ
🟪Host: Georgi Harizanov, Senior Engineering Manager @ DFINITY
Agenda
🟣Metrics By Kyle Langham
🟣Ecosystem Updates By Björn Takmann
🟣TOKEN2049 By Clement Chaikov
🟣Motoko Try/Finally Demo + Security Best Practices By Gabor Grief & Eduard Galendo
🟣Performance based NP rewards By Pietro DI Marco
🟣Community Demo By Neutrinite
🟣Metrics By Kyle Langham
According to Kyle,
➡️Metrics skyrocketed since the last R&D session, where bobdotfun accounted for almost 71% of the total ICP burns within this month.
➡️Cycle burn grew rapidly within the month of September.
➡️So far around 129K ICP were burned, but around 358K ICP and 950k ICP were minted for Node rewards and Governance rewards respectively, accounting for a net inflation of 1.17M ICP
[He did not say that I did the math for ease of reference]
🟣Ecosystem Updates By Björn Takmann
According to Björn,
➡️there were some interesting updates on the IC👇
➡️Motoko DAO votes to take control of Motoko NFT canisters.
➡️Neutrinite diversifies their DAO treasury by swapping 6.4k ICP into DKP [Dragginz Karma Points] and 1K ICP into nICP [WaterNeuron staked ICP]
🟣TOKEN2049 By Clement Chaikov
Although this segment was initially planned to be conducted by Emilio, Clement will be taking the stage today.
According to Clement,
➡️The foundation took the initiative to host all the ecosystem booths under one umbrella, instead of the traditional approach of sponsoring side events, which they believe is better in terms of ROI.
➡️This has resulted in many big names shaking hands for potential collaborations in the future.
➡️In addition, the foundation was able to partner with many projects ranging from Bitcoin, Ethereum, Aptos, Cosmos, and Solana ecosystems and many government agencies and institutions such as Cambodia Ministry of Science & Tech, Dubai Dept of Economy and Tourism, Western Australian Government, Wanxiang Blockchain Labs, UNDP and many others.
➡️The foundation also hosted around 4 Bitcoin Events, the OLYMPUS founder's Brunch, A KOL Gathering with @Cointelegraph , Killer Whale Live [ Similar to SharkTank], VC startup Connect: SG Edition, and many other Chain Fusion Events.
🟣Motoko Try/Finally Demo + Security Best Practices By Gabor Greif & Eduard Galendo
According to Gabor,
➡️Here is what has been implemented as part of this integration to Motoko👇
➡️Gabor also conducted an impressive demo utilizing the Motoko playground.
Eduard explained the best practices in the context of the Try/Finally Mechanism.
According to Eduard,
➡️Here's a sneak peek from the explanation.
➡️Bugs related to potential re-entrance attacks were also fixed.
🟣Performance based NP rewards By Pietro Di Marco
According to Pietro,
➡️The node providers will now be rewarded for their performance.
➡️For this the foundation proposes using trustworthy node metrics.
➡️A sneak peek on how this works:
➡️Pietro also conducted a comprehensive explanation on how this works by comparing a healthy node vs a node with significant drops.
➡️The foundation's plan on how to implement this mechanism:
🟣Community Demo By Neutrinite
The founder of Neutrinite attended on behalf of the team.
➡️The explanation was around DeFi Vectors, which allows automation on certain actions within the DAO.
➡️Here's a sneak peek from the explanation:
So, Here I wrap up for the day😇
Hats off for staying this far🫡
Now, before we wind up, feel free to share this with everyone who might lack some ICP Alpha, especially the #EIGENonBinance Fam :)
I'll see ya tomorrow with your daily dose on ICP🫡
Until then, Take care!
