Weekly Update| Ares Protocol New Added On-chain Price Pre-verification Function of Validator

Dear Aresians, welcome to the weekly update of the Ares Protocol, the first decentralized oracle service platform of the Polkadot ecosystem.

Ares Protocol has published its Wikipedia after meticulous editing and reviewing by professional team members. The Wikipedia collection is included the project’s documents, operation guide, and instructive information for developers.
Wikipedia:https://docs.aresprotocol.io

Ares Protocol’s official community has announced a gift plan for the new year. The gifting amount is valued at most 50.000 USDT. So far, the activity is receiving immense popularity among crypto enthusiasts.

Technically, The first phase of public deployment of test network- gladios nodes has been completed. We will start the second phase of the node test soon. If you feel it’s unaccessible for your capability to join in the first phase, then do not worry. We will launch the price prediction function soon. It will help you to participate easily in the gaming and prediction to know more about gladios!

Here, we share every bit of Ares.

Development status quo

Ares-chain

  • A new kind of pre-verification of on-chain pricing is introduced. After a validator is successful staking, the system automatically makes an offchain HTTP request and submits the data to the chain for alignment. The validator is elected if the alignment is no more than a certain value (10% by default) away from the average value on the chain. Otherwise, the verifier request will be terminated indefinitely until the user voluntarily submits the cleanup action.
  • Update testing of ares- Oracle module versions 101 to 102.
  • Local multi-key processing logic reconstruction, new key WARN level logs, modified the original multi-key processing logic (new local key cycle comparison)
  • Upgrade the NPos chain (Ares-Node) based on the Babe consensus algorithm, update the base monthly-2021–08 version, and keep the base Monthly -2021–09+1 version consistent with the Aura chain.
  • Update the ares-Oracle logic to create a new version of the Authorities user group and bind Session directly to reduce coupling to other modules.

AresScan browser

Version adaptation for Explorer related projects (e.g. Explorer — API, GUI, Harvester) :

  • Disable the related code of the cast address ss58Encode
  • Fixed an issue with the library Scalecodec not loading the predefined type_registry. Json correctly after init
  • Refactoring extracts each processor into a separate file
  • Resolved the issue that scalecoDec was completely incompatible with the old decode payload after the substrate was upgraded to Polkadot0.9.13 (for Events)
  • And all sorts of other adaptations

Quotation process

The backend update

  • Change the log record logrus
  • The getBulkSymbolState interface was added

UI of quotation System

  • Complete data aggregation and list display of historical data
  • Resources interface docking, and setWeight modification
  • The Get Http Error Info page is displayed and interfaces are connected
  • The Connection between the Response, and Heartbeat interfaces is complete
  • The historical data display chart is modified
  • Home page style and icon according to the new version of the requirements of the new modification

Other updates

  • Wikipedia
  • Ares documentation has been updated, whitepapers updated, builds, nodes updated

Price forecasting system

  • Complete project setup
  • A total of 26 pages completed the compilation of 23 pages

Market & community status quo

Ares Protocol New Year Gifting

Ares Protocol is holding a new year event to gift new and old Aresians. As long as you prove you have no less than 300 ARES tokens or invite three friends into the official community, you will have a 50% possibility to have Ares token gifts ranging between 0.1 to 5000 USDT per person.

Currently, the activity is raging on; for detailed information, please click here.

New Year Gifts from Ares Protocol | by Ares Protocol | Dec, 2021 | Medium

Social media is boosting continuously

So far, the project Twitter has reached 31.7k subscribers; the WeChat blog has gained 1.1k followers in total. Medium followers have amounted to 2.4k followers. The whole community numbers are stable at 45k.
This week, after applying the co-building plan of volunteers, the Chinese community members are rising stably. In the meantime, thanks to the community manager Navid Shokriyan’s effort, the Persian community members have increased by 300+ members.

Slot auction is proceeding

Mars

The fourth batch of Kusama slot auctions is proceeding, Ares Protocol’s canary network Mars is proceeding on slot auction, the sequence number is 2008. You could click here to know more about auction strategy and loan operation. Meanwhile, Mars’s official page opened the’ Join the Crowdloan” channel, which enables you to participate in the crowd loan.

Ares

Ares participated in the first round of the Polkadot slot auction; the sequence number is 2008, the name is Ares Odyssey. In this round, 218 people have supported Ares, which amounted to 4,817.74 DOT. So far, all dots have been returned to the contributors; we will participate in the second round of slot auction, we welcome you to contribute DOT to the Ares slot auction.

Trojan & iliad Stake Mining

Ares Trojan stake mining is proceeding; it is stake mining based on the Ethereum network. This week, 60days of regular products have gained 16, 490, 019 ARES, decreased, 224, 847 ARES than last week. 120days of regular product have accumulated 7, 399, 228 ARES, an increase of 83, 972 ARES than the previous week. 180 days of regular products have gained 14, 776, 495 ARES, an increase of 2,554, 569 ARES than before. Current stake volume is stable at 29, 923, 181 ARES, APY is steady at 25%.

This week, Ares Iliad stake mining is 1,989,228 ARES, APY is 38%. 60days of regular products have gained 2,162,500 ARES, equal to last week. 120 days of regular products have gained 532,473 ARES, an increase of 32,473 ARES than the previous week. 180 days of the regular product have gained 6, 719, 125 ARES, comparably increased 2,735,078 ARES volume than last week.

This is the end of the weekly update. Thanks for reading, see you next week.

Ares Protocol-decentralised cross-chain oracle platform in Polkadot ecosystem.

Ares Protocol is a decentralized cross-chain Oracle that truly implements a new generation of cross-chain Oracle service protocol for data on-chain verification, and is the first to open a compensation channel for data users who suffer business losses from using Oracle data.

Ares Protocol is a stochastic secure Oracle solution developed based on the Substrate framework, supporting hybrid Babe and off-chain workhorses, incorporating Polkadot’s latest on-chain governance, bringing the Optimistic Rollup challenge model into the Oracle space, supporting the Ink contract ecosystem, and bringing better quality Oracle services to Defi developers.

🌐 Ares Protocol Social MediaTelegram Group:

Telegram Group: https://t.me/aresprotocollab
Telegram Channel:
https://t.me/AresProtocolAnnouncements
Twitter:
https://twitter.com/AresProtocolLab
Facebook:
https://www.facebook.com/aresprotocollab
Instagram:
https://www.instagram.com/aresprotocollab/
Medium:
https://aresprotocollab.medium.com
Discord:
https://discord.gg/cqduK4ZNaY
Reddit:
https://www.reddit.com/r/AresProtocolLabs/
Youtube:
https://www.youtube.com/channel/UCgwY4NwkoP8Hx1Fqmp_rJUw

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The first chain-verified decentralised cross-chain oracle service protocol, please visit this link www.aresprotocol.io.

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Ares Protocol

Ares Protocol

The first chain-verified decentralised cross-chain oracle service protocol, please visit this link www.aresprotocol.io.

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