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Everything EOS Weekly Report — May 9th

Author
EOS Network Foundation
Date
May 9, 2022
Category
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The Everything EOS Weekly Report publishes all of the latest news and updates from around the world in the EOS ecosystem.

The Everything EOS Weekly Report sources stories and updates from the community members that are part of the English, Chinese and Korean EOS communities. The Everything EOS Weekly Report is the best place to catch up on all the latest news in EOS from all around the world.

This week includes:

  • Chintai License with Monetary Authority of Singapore
  • The First Worldwide Tokenized Pre-IPO on the European Digital Assets Exchange
  • Recover+ Portal Preview
  • Eden Chief Delegate Meeting + Townhall
  • The Top Blockchain Games are on EOS VM
  • EOS Mandel Launch Group Meeting
  • Weekly EOSIO+ WG Updates
  • EOS Community Fireside Chat
  • Architects of Consensus Dev Spotlight

Chintai License with Monetary Authority of Singapore

Chintai, an EOS based fin-tech company that helps modernize capital markets, announced that it received in-principle approval for the Capital Markets Services license from the Monetary Authority of Singapore, a leading financial regulator that helps set the example for all regulations around the world.

The Chintai team has been building with EOS since before the mainnet launch in early 2018 and are also the founders of respected block producer EOS42. The Chintai team has been working to secure this license with the Monetary Authority of Singapore for years and this is a big milestone that can unlock immense value for Chintai, EOS, and all companies from small startups to the largest institutions in the world. The Capital Markets Services license can enable Chintai to offer their services in a compliant manner to companies that want to become their own market operator and tokenize digital assets, such as fractionalized real-estate, securities, & private equity.

Chintai’s services include white label issuance, white label secondary market solutions, and automated compliance for the digital asset marketplace. White label issuance with Chintai enables companies to rapidly issue tokens for a wide variety of assets to gain massive increases in efficiency, liquidity, security, simplicity, flexibility, and composability with the power of EOS. This unlocks new revenue streams for traditional companies, makes markets more efficient, and enables companies to easily issue tokens in a compliant manner with the brand experience of their choice.The white label secondary market solutions provide a high performance trading engine & instant liquidity provision with automated market making. Chintai’s proprietary AI software uses machine learning and smart contracts to automatically enforce compliance controls according to local regulations.

You can learn more about Chintai on their website, a recent panel discussion with the Singapore Fintech Association, and interviews with David Packham (Chintai’s CEO) and Phillip Hamnet (Chintai’s CTO) hosted by ENF core team member Brendon Lovejoy. You can also learn about clients who are already benefiting from Chintai’s services, such as JustCarbon and GreeniumX, to help create a healthier environment for planet earth and all of humanity with the benefits of Chintai & EOS.

“We founded Chintai in 2018, and after evaluating different jurisdictions globally, Singapore stood out for us as an innovative hub and business community that is leading in digital assets. We are incredibly excited to be granted the in-principle approval from MAS and aim to play an instrumental role in developing the blockchain and digital assets space in Singapore.”

David Packham, CEO and Executive Director

The World’s First Tokenized Pre-IPO on the European Digital Assets Exchange

The European Digital Assets Exchange announced the first worldwide tokenized pre-IPO on the European Digital Assets Exchange!

The European Digital Assets Exchange, or EDSX, has been building with EOS for the past couple years to enable trading of asset-based tokens, security tokens, crypto currencies, utility tokens, hybrid tokens and NFTs. The EDSX enables investors to discover investment opportunities and trade a wide variety of digital token offerings that are backed by real-time assets and smart contracts with the industry leading security, liquidity, composability, programmability, and efficiency of EOS.

Tokenized Pre-IPOs with the European Digital Assets Exchange will enable investors to invest in large public companies on EOS before initial public offerings on traditional stock markets. The company that is listing in the first pre-IPO is HCS Pharma, which is a French biotech company with an independent evaluation of a €200 million that owns technology to recreate in vitro organs and aims to become a market leader in drug discovery, cell therapy, & cultivated meat. The HCS Pharma EOS account is already active with many transactions and show the potential for massive business of all kinds to modernize their operations & financial infrastructure with the profound benefits of the EOS blockchain.

You can learn more about the European Digital Assets Exchange and many more securitized token offerings on their website, interviews with founder Mauro Andriotto, and this video clip.

Recover+

The Recover+ team released the first version of EOSRecover.com, a cyber security portal funded by the EOS Network Foundation to help prevent and quickly recover from exploits on EOS.

The Recover+ team is creating a crisis management framework for EOS with emergency smart contracts, protocols, and best practices guides for support immediately after exploits. The well designed Recover+ website provides information about various EOS dApps & historical hacking incidents, as well as solutions to exploits and necessary toolkits to help recover assets in emergency situations. EOS users can see the projects participating in Recover + to quickly see projects audits, MSIG custody arrangements, open-source code, links to project websites, and EOS accounts for the projects & related vaults. There are already five popular EOS apps participating in Recover + with a combined TVL of over $30 million: Pizza Finance, DefiBox, Organix, Start Wallet, and OBSwap.

During this week’s EOS Fireside Chat, Yves La Rose suggested that there may be a requirement whereby participating apps must participate in Recover+ to earn benefits from the Yield+ Initiative, which is an interesting synergy that can help make more secure & high yielding DeFi apps on EOS. The Recover+ team will also deploy a new testnet where they run monthly fire-drills to train participating teams with exploit simulations. EOSRecover.com will soon release a bug bounty program where hackers can get paid by submitting DeFi vulnerabilities & protecting users from malicious attacks. There will also be a Recover+ committee with members from various teams (such as Eden) to provide technical expertise, community expertise, block production and smart contract skillsets, and other competencies to help make EOS applications more secure, safe, reliable, and useful for all.

A light Blue Paper is coming soon from the Recover+ team (led by Pizza Finance) with many more details. You can learn more about our work with Recover+ in the ENF Q1 2022 Quarterly Report.

Eden Chief Delegate Meetings

The Eden Chief Delegates met for their third & fourth meetings and shared helpful many helpful updates to benefit EOS and the world with Eden.

Over the past couple weeks, the Eden Chief Delegates have made excellent progress to expand the operational capacity of Eden. Edgar Fernandez created a detailed post for an Eden Delegates Accounting Standard, which is a major component of his platform to help increase transparency and accountability for Eden Delegate funding. Chuck MacDonald made a posting for a technical lead to maintain and advance development of the Eden software. All interested developers are encouraged to apply and Edgar Fernandez already expressed interest in filling this role with his company, Edenia. Michael O’Sullivan organized the first Bywire Eden Town Hall on Twitter Space to help grow the community and spread the word about the immense benefits of true democracy with Eden on EOS.

During the fourth Chief Delegate meeting, Gracie Lau shared inspiring thoughts about the power of the Eden community and updates about her work with Eden China to increase community engagement. Brock Pierce spoke about organizing an Eden Conference and empowering the newly acquired Twitter Inc with the Eden consensus mechanism.

The Eden Chief Delegates also ratified the bylaws proposed by the previous Chief Delegates and confirmed that the next Eden election will occur on July 9th, 2022. You can read detailed summaries from all Chief Delegate meetings on Bywire News and watch the full meetings on both Odysee and Youtube to learn more.

The Top Blockchain Games are on EOS VM

EOS Network Foundation founder & CEO Yves La Rose shared a tweet showing how 4 out of the top 5 blockchain games in the world are on EOS VM!

Amazing games like Upland, Splinterlands, Alien Worlds, and Farmers World have unprecedented amounts of players who love to play blockchain games that are only possible on EOSIO, the most performant blockchain software in the world. With half second block times and capacity for over ten thousand transactions per second on infrastructure that’s been battle tested for four years, no other blockchain comes close to offering the state of the art blockchain gaming technology of EOS.

Upland

Yves also shared another tweet hinting how GameFi (Game Finance) and DAGs (Decentralized Autonomous Guilds) will complement each other on EOS this year to enable communities to earn significant value while playing fun games together. The potential is incredibly exciting, especially when considering the tools that Dan Larimer’s team are building with ƒractally to empower the next generation of DAOs and the upcoming Trust EVM, which will make the immense benefits of EOS easily & seamlessly available to all Ethereum developers.

Weekly Mandel Upgrade Meeting

Sixteen EOS community leaders met for the thirteenth Mandel Upgrade Meeting to share the latest news and updates regarding the upcoming EOS Mandel Consensus Upgrade. EOS previously operated with the EOSIO software developed by Block One for the past several years, but now the EOS community is developing the Mandel core software independently.

During this week’s meeting, the participants discussed progress on Docker image testing & documentation, the finalized platform support survey for EOS Support, prioritizing features to be backported from version 2.1, EOS Nation testing transaction lifecycle features from 3.1, and much more. You can easily browse a detailed overview of the discussion with timestamps for each topic in the video description on Youtube. You can read the summary notes for this meeting and find summaries & recordings for all Mandel Upgrade Meetings in the Mandel Github repository.

Weekly EOSIO+ Coalition Meeting

Technical leaders from EOS, Wax, Telos, and UX Network met for the weekly EOSIO+ Coalition meeting group to discuss, plan, and build the future of EOSIO.

The coalition started this week’s meeting by prioritizing the top twenty items to be requested for proposals. Most of these items were detailed in the Blue Papers and requests will first be sent to the respective teams who authored the blue papers. One of the top priorities discussed was increasing transaction speed with faster finality, which was also discussed in more detail in the Scalability+ Working Group meeting and in conversations about a Scalability+ Blue Paper. Another top priority is the SDKs from the Wallet Plus Blue Paper, which will greatly help EOSIO developers operate apps smoothly with SDKs for all major platforms and programming languages.

You can watch the full video or browse an overview of topics discussed in the video description to learn more. You can also read the first EOSIO Coalition Report from last week to learn more about the outstanding & unprecedented progress from the EOSIO+ Coalition.

“This coalition represents a monumental shift in direction for the future of the EOSIO protocol and is a huge milestone for all of the businesses leveraging its technology. The network effect of multiple EOSIO blockchains working together to secure the growth and sustainability of our common codebase and related open source innovations is a force multiplier that will be paying dividends for years to come”

— Yves La Rose, Executive Director of the EOS Network Foundation

EOS Community Fireside Chat

We met with many amazing community members for the EOS Fireside chat and shared an excellent discussion filled with fun times and helpful insights!

This week, Stéphane Bisson kicked off the discussions with some brief updates about Pomelo and important thoughts about building long term reputation with Pomelo. We also discussed Yield +, Recover+, Eden Expansion Group, and much more. Towards the end of the chat, Brandon Lovejoy announced the debut of his new developer spotlight series with the ENF, “Architects of Consensus,” where he interviews sage developers in EOS and eloquently writes to highlight their wonderful work for all.

In addition to Lovejoy’s interview with Areg, you can listen to the full discussion from this week’s Fireside Chat and browse the video description to see more a more detailed overview of topics. You can also watch short clips from the Fireside Chats to learn more about a variety of helpful topics, such as the Yield+ Liquidity Incentive Program, Why Trust EVM is Launching as an IEO, and the Current Status of Yield+ Blue Paper.

As always, we meet for the EOS Community Fireside Chats every Wednesday at 19:00 UTC. Everyone is welcome to attend and ask questions directly to some the best builders & leaders on EOS, including Yves La Rose, Zack Gall, and Brandon Lovejoy. We will do the next EOS Fireside Chat on Twitter Spaces, which will help grow the community and help everyone learn about the tremendous benefits of EOS!

EOS Network

The EOS Network is a 3rd generation blockchain platform powered by the EOS VM, a low-latency, highly performant, and extensible WebAssembly engine for deterministic execution of near feeless transactions; purpose-built for enabling optimal web3 user and developer experiences. EOS is the flagship blockchain and financial center of the EOSIO protocol, serving as the driving force behind multi-chain collaboration and public goods funding for tools and infrastructure through the EOS Network Foundation (ENF).

EOS Network Foundation

The EOS Network Foundation (ENF) is a not-for-profit organization that coordinates financial and non-financial support to encourage the growth and development of the EOS Network. The ENF is the hub of the EOS Network, harnessing the power of decentralization as a force for positive global change to chart a coordinated future for EOS.

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