[ANN] HARMONY PROTOCOL

[cygan]

“We believe this partnership with Sushi is just the beginning of bringing millions of people into decentralized finance,” said Harmony founder Stephen Tse. “As our mainnet matures, we are onboarding more key DeFi primitives that will enable access to many new communities.”

https://cointelegraph.com/news/sushiswap-to-deploy-full-suite-of-sushi-products-on-harmony-s-blockchain

[Dalib]

In this post, we analyze the recent spamming attacks on @harmonyprotocol and how our engineering team deployed solutions to fully resolve the issues and make the network even more resilient. 💪

https://t.co/ylJ1SHFImP?amp=1

A thread 🧵

Starting on June 5th, the Harmony network begin encountering spamming attacks of various different approaches.

💎 By June 21st, most of the vulnerabilities exposed by this attack has been mitigated and all network metrics have come back to normal.

There were three main network upgrades that we made:

Increase the Gas limit to 1 gWei to increase the cost of spamming transactions:

https://github.com/harmony-one/harmony/pull/3769/files

A fix to adding an in-memory cache for explorer DB:

This serves as a temporary fix to ease the machine resources.

An explorer DB schema change that includes a database migration and the new schema logic:

The idea behind this fix is to shred the bulk address information into small entries each with an address and a transaction.

After deploying the three upgrades, all node metrics have returned to normal state, with much less system resource occupied.

The spamming transactions have been stopped and issues with RPC endpoints are fully resolved.

[cygan]

June was a big month for Harmony and ecosystem Angespannter Bizeps

Here are a few of the many highlights:

2 Year Anniversary of the Harmony Mainnet
SushiSwap deploying full suite of products
HashKeyGroup will provide $10M to DeFi

https://twitter.com/harmonyprotocol/status/1411331766963507206
https://medium.com/harmony-one/a-new-explorer-sushiswap-full-stack-and-a-2nd-birthday-the-june-update-5e77fd9e0522

[cygan]

here is a small tutorial how to use Harmony and Sushi for all important features like the metamask wallet, yield farm and the Harmony bridge

Last week we announced the full-stack partnership with Harmony, including the $4M in incentives for liquidity mining and Kashi lending. Not to mention, the $1M in Hackathon incentives which will focus on onboarding software engineers from traditional finance to DeFi. Today, we will show you how to participate in the upcoming liquidity mining event on Harmony.

https://medium.com/sushiswap-org/we-are-family-use-sushi-on-harmony-a-harmony-bridge-tutorial-5ab6b09870da


also Binance will support the network upgrade of Harmony, which will take place tomorrow during the day

Binance will support the Harmony (ONE) network upgrade at epoch 631, or at approximately 2021-07-07 15:00 (UTC). Deposits and withdrawals of ONE will be suspended at approximately 2021-07-07 14:00 (UTC).

https://www.binance.com/en/support/announcement/e834d15d0e8d4e49b6be5f922236356c

[cygan]

i stake already over more than a year my whole ONE stock about the validator stakingteam (with ~10%) and am actually very satisfied with it
but now the question arises whether maybe farming brings me more profit than the current staking - has anyone perhaps already made experience with it and can perhaps show me a small example of how profitable the ONE farming is?

[Silber]

i stake already over more than a year my whole ONE stock about the validator stakingteam (with ~10%) and am actually very satisfied with it
but now the question arises whether maybe farming brings me more profit than the current staking - has anyone perhaps already made experience with it and can perhaps show me a small example of how profitable the ONE farming is?

I also want to stake my Harmony, but I `m afraid that I could lose my Ffunds. What would happen to my funds If the staking pool is a scam? Would all my Harmony get lost or only the staking rewards?

[pangu]

Harmony announces $1M hackathon aimed at merging traditional finance and DeFi
https://cointelegraph.com/news/harmony-announces-1m-hackathon-aimed-at-merging-traditional-finance-and-defi

[cygan]

Harmony continues to hunt for new partners and today presents another partnership - the ecosystem is growing from day ONE

“Sam shares our vision of a multi-chain world. Bringing Frax to Harmony is a continuation of that shared vision. Frax’s fractional-algorithmic stablecoin is a first-of-its-kind product and a powerful addition to any defi ecosystem and we are thrilled to have it part of the ONE family. ”
— Stephen Tse, founder of Harmony

“Harmony is a great place for defi and has one of the most welcoming communities we’ve seen. We think that it’s a unique place to build some of FRAX’s upcoming novel stablecoin tech. . To see a project like Harmony embracing the cross-chain future makes them an ideal partner for us.”
— Sam Kazemian, founder of Frax

https://medium.com/harmony-one/frax-finance-harmony-announce-full-stack-partnership-4b2646262796

furthermore @coinbureau has published a new youtube video about the Harmony ecosystem

Many of you have been requesting an update to my Harmony review. Your wish is my command! I look at some of the latest developments - from NFTs to network growth, governance to its upcoming updates. I also analyse $ONE token price potential! Enjoy

https://twitter.com/coinbureau/status/1417880919701139462
https://youtu.be/qRRRIMmgwbs

[pangu]

1Wallet - Interview with Aaron Li:
https://www.youtube.com/watch?v=e2ewqqkUqgY

[Suke_Teki]

Bridge assets on Harmony have reached more than $96 million USD, maybe on the next week it will reach $100 million USD. And the current price of ONE coin is $0.097 USD, While Polygon as a competitor to Harmony their token price has reached $1 USD.
Is it possible that the ONE coin will soon overtake the MATIC token price?

[cygan]

another new partnership - this time Harmony + Chainlink

We are excited to announce that Chainlink Price Feeds are live and natively integrated on the Harmony testnet, giving developers native access to the DeFi industry’s leading decentralized price oracle solution. Harmony developers can now begin building and testing a variety of data-driven DeFi applications by referencing Chainlink oracles for high-quality, low latency, tamper-proof price feeds.

https://medium.com/harmony-one/chainlink-price-feeds-are-now-live-on-harmony-testnet-opening-up-scalable-defi-development-99c8a30eb130

[cygan]

ONE (ERC20) trading and single-sided staking is now live on Bancor!
...
That means as ONE token holder, you can now:

• Instantly swap ONE in the Bancor Network (for ETH, WBTC, USDC, DAI & more) — as ONE liquidity grows, ONE swaps get cheaper in price.
• As a liquidity provider, deposit your ONE tokens in Bancor and maintain full price exposure to ONE and protection from impermanent loss, a risk that can cause users to lose money in other AMMs. Bancor fully protects ONE holders from this kind of value loss and is designed to maximize LP earnings in ONE tokens and offer a safe and simple way for users to get paid for supporting deep liquidity in the ONE token.

https://medium.com/harmony-one/harmony-one-trading-and-single-sided-staking-is-live-on-bancor-a781032f0a76

[cygan]

Harmony founder Stephen Tse tells the community what the Harmony team has accomplished and where it's headed in the future.
check this informative youtube video:
https://www.youtube.com/watch?v=kuSsYxqV2iE

[cygan]

here are some very interesting updates that will be realized by Harmony this year

In 2021 Harmony strives to be a top blockchain for cross-chain assets, collectibles, identity, and governance. Our main themes are:

   

• Adoption — We are bringing utility to users through developers and partners. Hackathons with Gitcoin and workshops at Ethereum events will boost our reach.
• Interoperability — We are bridging with Bitcoin and Ethereum for broader assets. Our cross-shard and cross-chain transactions will enable new finance applications.
• Decentralization — We are growing our validator community and network features. External voting power and resharding will guarantee our long-term governance.

https://open.harmony.one/strategy-roadmap

[cygan]

since days the price of ONE knows only one direction and a few minutes ago the 400 sats were reached and soon also the 0.20USD - hodl & stake

The Harmony Foundation is allocating more than $300 million in the network’s ONE token over the next four years to attract projects, the blockchain startup announced Thursday.

https://www.coindesk.com/tech/2021/09/09/harmony-has-300m-for-projects-looking-to-expand-beyond-ethereum/

[BuALI]

So excited to see how many partnerships this token has managed to make!

[doseofeth]

So excited to see how many partnerships this token has managed to make!

This can only have an impact on the future plans and ofc, on the price!

[cygan]

FTX has listed Harmony (ONE) perpetual futures.

Leading cryptocurrency exchange @FTX_Official has listed Harmony (ONE) perpetual futures.

The markets can be accessed via the link: https://ftx.com/trade/ONE-PERP.

https://twitter.com/harmonyprotocol/status/1438126923272622080
https://medium.com/harmony-one/ftx-has-listed-harmony-one-perpetual-futures-68942a1a43f

[cygan]

Harmony has now also launched its own launchpad platform called HarmonyPad and to get the HPAD coins PolyPlay is hosting an ido which will start on october 8th.

HarmonyPad is the first decentralized launchpad on Harmony. Stake $HPAD tokens to get high priority-access to all the upcoming projects…

https://harmony-pad.medium.com/

HPAD IDO price: 0.00035 busd.
Listing price:0.00040
Marketcap: $56,000

https://polyplay.medium.com/harmonypad-ac32fb186740

[nira09]

Harmony has now also launched its own launchpad platform called HarmonyPad and to get the HPAD coins PolyPlay is hosting an ido which will start on october 8th.

Thank you for sharing this information here, I just heard about HarmonyPad, hope I can join IDO HPAD.
Lately the price of ONE coin is growing well, If in the future there are several successful projects holding IDO on HarmonyPad, it will greatly support the improvement of the ecosystem on the Harmony network, Transaction speed on The Harmony blockchain is also very fast, transaction fees are also very cheap .