Colosseum Codex: Jito Restaking, The PORT, Talent Olympics Winners
Jito Restaking, The PORT, Talent Olympics Winners, ZK Compression on Devnet, Blinks Mobile SDK
Ramping up for the 📡 Radar Hackathon?
I found a couple of cool resources for anyone planning to participate with a few strategies to give you a better chance of success!
As a hackathon participant, @redacted_noah suggests you focus on three critical "filters":
- Delivery: Make sure the judges understand your idea. If you can't capture their attention within the first 60 seconds, your submission will fall short.
- Content: Your project needs to stand out with innovative and compelling content that addresses a unique problem or offers a novel solution.
- Implementation: Demonstrate that you have actually built what you proposed. The majority of your time should be spent on actual development and implementation with a working prototype or proof of concept to show the feasibility of your idea.
Each filter has a significant impact on your success rate, and effectively navigating these can improve your chances of winning a hackathon.
@RitRafa also shares four core lessons from losing a hackathon.
- Focus on Differentiation: Showcase your unique value proposition to stand out in a crowded market by highlighting features and behaviors that set your project apart.
- Optimize Team Composition: Build a diverse team with a balance of technical skills and expertise in areas like marketing and UX design with everyone aligned on commitment levels.
- Socialize Early: Engage with your audience on social media early in the development process. Build a community, gather feedback, and generate buzz before your launch.
- Judge-Considerate Documentation: Tailor your documentation to different audiences. Create clear, concise technical documentation for judges and engaging, user-friendly overviews for potential adopters.
And be sure to check out the definitive guide on How to Win a Colosseum Hackathon!
Don't forget that winning isn't everything. What you learned building your project is the real prize.
If you're going to participate good luck, and here's the rest of this week's news...
🔁 Jito Restaking
Solana’s biggest liquid staking provider, Jito Foundation, has announced the release of the Jito Restaking codebase.
This service aims to optimize the use of staked assets, extending their utility beyond traditional staking.
Jito Restaking is a hybrid staking, restaking, and Liquid Restaking Token (LRT) module designed to provide a flexible and scalable infrastructure for managing staked assets and aims to optimize the use of staked assets, extending their utility beyond traditional staking.
It consists of two main components:
Vault Program
Manages Liquid Restaking Tokens (LRTs), supports multiple SPL tokens, and handles minting, burning, and delegation.
It allows customizable delegation strategies across multiple operators and AVS's controlled by DAOs, multi-sigs, governance, or on-chain automation.
It enforces flexible slashing conditions and caps as defined by the associated AVS.
Restaking Program
Facilitates the creation and management of Actively Validated Services (AVS's) and operators.
It coordinates the relationships between AVS's, operators, and vaults, implements flexible opt-in/opt-out mechanisms, and manages the distribution of rewards and slashing penalties.
An AVS is any on-chain application or service that requires economic security provided by staked assets.
These services can range from layer-2 sequencers and insurance funds to cross-chain bridges and keepers. AVS's utilize the staked assets as collateral to ensure the integrity and security of their operations.
AVS projects can focus on their core functionality while Jito Restaking handles the complex infrastructure of staking and restaking.
Jito Restaking allows projects to turn any SPL token into a staked or restaked liquid asset, enhancing its utility and making it governance-compatible.
This opens up new possibilities for capital efficiency in DeFi, allowing users to stake or restake their assets while maintaining liquidity for other opportunities.
Announcing Jito Restaking, A Next-Gen Infrastructure Platform
🚢 The Port of Miami
The Port of Miami (The PORT) is a new community hub for Solana developers located in Wynwood, Miami. It serves as a co-working space where builders can gather to ideate, collaborate, and ship products.
The PORT aims to "accelerate human progress and technological advancement by fostering innovation and collaboration among radical-thinking technologists" by providing a dedicated space for like-minded individuals to connect, share ideas, and develop projects.
🏅 Superteam Talent Olympics Winners
The Talent Olympics have officially concluded, celebrating a successful event with over 250 submissions from participants worldwide.
Organized by Superteam, the Talent Olympics proved to be a global phenomenon, connecting and recognizing talented individuals from across the globe.
With a $20K prize pool and over 50 teams hiring, the competition showcased a wide range of talent.
Top overall performers split a $10K prize pool:
🥇 @trankhac_vy took the top spot, winning $5,000
🥈 @leopham_it secured second place, earning $3,000
🥉 @NKenyor claimed third place with a prize of $2,000
💎 Developer News
ZK Compression on Devnet
ZK Compression is now live on Solana Devnet. With full indexer support from Helius Labs integrated into Light's development CLI, Solana builders can migrate from zkTestnet and start deploying their programs on the public Solana Devnet cluster.
Blinks Mobile SDK
This React Native SDK allows developers to create mobile-first experiences, including deep linking from X to a blink in a mobile wallet for faster signing UX. The mobile SDK marks the next major phase for blinks, enabling developers to expand Solana's reach by integrating blinks into mobile applications.
Solana Auditors Bootcamp
Ackee, in collaboration with the Solana Foundation, are creating a free 7-week program to learn to audit Solana programs and help secure the ecosystem and get certified by Ackee Blockchain Security. Applications close Aug 7th.
GameShift by Solana Labs
Back in may, Solana Labs announced a partnership with Google Cloud to bring GameShift to customers of Google Cloud. GameShift is now live in the Google Cloud Marketplace. GameShift provides tools and APIs to offer an accessible platform for developers to add blockchain elements to their games.
⚙️ Tools & Resources
five8 is a Rust port of Firedancer’s base58 library optimized for performance.
metaplex-core-nft-blink is the example code from Superteam Germany's Developer's Guild sessions about the new Metaplex Core standard and how you can use this standard to mint NFTs via a blink.
Token List API by Jupiter consolidates token, market and partner information into a single place with the ability to filter by tags like community, strict, verified or unknown.
TutorialKit enables you to create interactive coding tutorials effortlessly, boosting the adoption of your framework, UI library or design system.
💸 Funding
Paradigm and 30 contributors to the Solana ecosystem have joined MetaDAO. Collectively, these participants exchanged $2.2 million for 4,000 META tokens. They are joined by existing DAO member Colosseum.
Despite a general downtrend over the past two years, web3 startups are showing resilience with stabilizing and slightly increasing funding. In the first half of 2024, they secured $3.7 billion, down 18% from the same period in 2023 but up 42% from the latter half of last year.
👩🔧 Get Hired
- Anza is hiring a Software Engineer, Networking
- Cube is hiring a Lead Blockchain Engineer
- Rome Protocol is hiring a Senior Rust Blockchain Engineer
- Luminous Labs (Light Protocol) is hiring a Senior Software Engineer
⚡ Quick Hits
Zero-Knowledge Proofs: Its Applications on Solana - Helius
Deep Dive: Solana DePIN - June 2024 - Syndica
Creating and Managing SPL Tokens on Solana: A Step-by-Step Guide with TypeScript - Saidu Bundu-Kamara
Privy launches embedded wallets for Solana - Privy
MPL-404 docs are live on Metaplex Developer Hub - Metaplex
Eclipse Mainnet is Open for Builders - Eclipse
Using Solana as a Sequencing Layer with Rome Protocol - @100y_eth
Got Wallet? 4 Strategies for Solana dApps - @RitRafa
Mint NFTs on Solana with Metaplex Core - @SuperteamDE
How to set up a Squads multi-sig for the ultra-security-conscious - @Backpack
Introducing .blink Identity Domains - @mintdotblink
🎧 Listen to This
The Index
This week on The Index, host Alex Kehaya joins Josh Reyes from Local Solana for a deep dive into the world of decentralized peer-to-peer exchanges and his previous ventures with OpenPeer and Minke.
Learn how his new company, Local Solana, is poised to revolutionize the crypto trading landscape with gasless transactions, community-driven dispute resolution, and a user-friendly interface that simplifies crypto trading for everyone, from emerging markets to Western countries facing crypto purchase restrictions.
Josh discusses the innovative mechanisms behind Local Solana, highlighting its potential to deliver higher user returns through on-chain opportunities.
He discusses the importance of composability, the impact of regulatory challenges, and how Local Solana’s global team is driving change in underserved markets.
How Local Solana is Disrupting the Crypto Landscape with Founder Josh Reyes
Bonus Episodes
L2s, Apps, and Stake Centralization With 0xMert - The Gwart Show
The Gwart Show speaks with Mert, CEO of Helius to discuss Solana’s ecosystem, including MEV and architecture, insights on Fire Dancer, state compression, and Helius, while addressing criticisms and challenges.
Phantom | How the Ultimate Solana Wallet is Dominating Crypto - Still Early
In this Still Early episode, Grant has a chat with Brian from Phantom. Brian shares insights into Phantom's origins, the challenges they faced, and the strategic decisions that led to their success, and introduces Blinks, which allows developers to distill core dApp functions into shareable links.
Why Air Rights are Trading on Crypto Rails | Jonathan Dockrell, SkyTrade - Empire
In this episode Jonathan Dockrell, co-founder and CEO of SkyTrade, explains the concept of air rights, their current market status, and why blockchain technology is the perfect solution for this untapped trillion-dollar industry. The conversation also covers SkyTrade's journey, from inception to recent fundraising.
Solana Actions and blinks - Share blockchain anywhere (feat. Chris, founder Dialect) - Solfate
Chris and Nick highlight the power of Actions and Blinks in bringing value transfer and interaction to users without leaving the app. The technical nature of Blinks and Solana Actions is explained, emphasizing the backend REST API of Actions and the frontend UI of Blinks. The guests also mention the future possibilities of mobile integration and the importance of developer feedback and collaboration.
Follow @mikehale on X or Warpcast!
Thanks for reading ✌️
I hope you found something useful here! If you have any suggestions or feedback just let me know what you think.
