Subsquid Partners With Phala Network to provide the next generation of blockchain developers with an infrastructure stack that includes both decentralized computing and indexing.

The Subsquid team behind squid SDK, an open-source framework that enables Web3 builders to create highly scalable and performant custom indexers which extract, transform, and present blockchain data as GraphQL APIs or in virtually any other format. Squids can be hosted for free using Subsquid’s hosted service, the Aquarium, and receive data from what will soon be a decentralized network of Archives.

Phala Network offers high-performance cloud computing services to developers, all while removing any reliance on central vendors. It does this through its worldwide, decentralized, network of computation nodes, composed of workers, who offer up their computing power to users, and gatekeepers, who organize interactions between other network participants. Phala is heavily focused on privacy, and programs are run in Secure Enclaves, a technology embedded into modern processors, enabling versatile and confidential execution.

With time, Subsquid and Phala Network will eliminate the need for developers to rely on centralized data providers. The Subsquid’s indexing network will bypass RPC node providers, while Phala’s miners give users direct & permissionless access to computational power. To kickstart the partnership, the Subsquid and Phala core teams have already started to work together on a number of projects and key features. In particular, Subsquid now supports the back-end of Phala’s App 2.0, drastically speeding up all features that require blockchain data. A squid indexer also currently use to retrieve data about Phala network miners.

About Phala

The Phala Network tackles the issue of trust in the computation cloud.

By organizing a decentralized network of computation nodes around the world. It offers high-performance services without relying on any cloud vendor. Phala workers run the programs in Secure Enclaves, privacy technology already embedded into modern processors, enabling versatile & confidential execution. Together, this creates the infrastructure for a powerful, secure, and scalable trustless computing cloud.

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About Subsquid

Subsquid developing the go-to indexing solution for the Polkadot and Kusama ecosystems. Led by its core principle of building scalable and intuitive systems. The Subsquid solves a common issue for parachain projects: extracting and processing on-chain data.

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Meet Mangata Finance

Mangata Finance is launching Mangata X, a Kusama-based decentralized exchange parachain, facilitating easy and secure trading for Ethereum and Polkadot. The prohibitions and limitations of existing decentralized trading options inspired the Mangata team to create an application-specific parachain providing a DEX with an emphasis on community. Mangata X tackles DEX expenses and unfair practices to deliver a community and user-centric trading experience.

Mangata X users enjoy low fixed fees, front-running protection, and miner extractable value (MEV) prevention. Mangata X also acts as a bridge between Polkadot and Ethereum assets; its cross-chain bridges provide the discovery of popular low caps across both networks.

Mangata X’s Proof-of-Liquidity institutes a new capital efficiency mechanism over existing Proof-of-Stake platforms. The liquidity staked by Mangata X users is utilized in the Mangata X DEX, resulting in:

• Deep liquidity pools
• Improved capital efficiency
• Double rewards for stakers on Mangata

MGX is the native Mangata X token, acting as the base layer of liquidity that secures the network. Eighty percent of MGX tokens will be distributed to the community.

New Capital Efficiency for Staking Assets

Accessing DeFi services free from external interference remains problematic due to dishonest nodes, unethical practices, and front-running bots. Users lose money on transactions as third parties exploit their DEX positions, resulting in expensive gas fees at an inconvenience for DeFi users.

Mangata X introduces a no-gas DEX, allowing a safe cushion for trade execution free from nefarious actors. Users also receive free protection from front-running bots and MEV.

aUSD on Mangata X to Create Economic Powerhouse

Mangata’s aUSD integration offers a hedge against market volatility. MGX-aUSD encourages users to stake once, earn twice and enjoy limited downside risk. aUSD uses a multi-collateral backing mechanism to create a stablecoin pegged to USD.

Leveraging aUSD’s reach and accessibility creates liquidity in the Mangata ecosystem, providing stable trading options on Ethereum, Polkadot, Kusama, and supported protocols. Integrating aUSD into Mangata will attract increased liquidity providers to the ecosystem, creating deeper liquidity pools with greater user benefits.

About Mangata

Mangata is a next-generation DEX that makes tokens from all ecosystems tradable on a single exchange. It features gasless swaps, prevents front-running and MEV without additional fees, and secures the network with the revolutionary proof-of-liquidity consensus. As a Layer 1 app-chain, it is not bound by legacy restrictions and can optimize from the ground up for capital efficiency and fairness. Mangata X is THE upcoming Kusama DEX that broke records when closing its crowdloan within 50 minutes.

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About Acala

Acala is a decentralized finance network powering the aUSD ecosystem. The core product, Acala USD (aUSD), is a decentralized, multi-collateral, crypto-backed stablecoin serving as the native stablecoin of the Polkadot ecosystem. Acala’s Ethereum-compatible blockchain has built-in DeFi protocols for application developers to leverage, including a trustless staking derivative (liquid DOT — LDOT), a decentralized exchange, and the EVM+, a hybrid EVM offering fully Ethereum-compatible development environment plus full compatibility with Substrate.

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Source
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