Nominators Will Now Have Better Visibility Into Collator Performance and Easier Access to Staking Functionality
Singapore – August 24, 2021 – Moonbeam, the Ethereum-compatible smart contract platform on Polkadot, announced an integration with Figment, an established validator on Proof of Stake networks and provider of widely-used DevOps tools and infrastructure. This integration brings the Hubble dashboard to Moonbeam and Moonriver, creating a more intuitive staking experience for users by giving a new way to easily view staking opportunities, review performance data, and nominate collators. Moonbeam will be Hubble’s first parachain integration in the Polkadot and Kusama ecosystems.
Hubble gives end-users visibility into staking opportunities across a range of the most widely adopted Proof of Stake networks, offering key information like validator uptime, commission, and stake history. Hubble’s integration with Moonbeam will give users valuable visibility into collator statistics and staking performance data when choosing where to stake. They also provide an intuitive UI that makes for an easier, more user-friendly staking process of MOVR and GLMR tokens. This integration aligns with Moonbeam’s commitment to create and maintain a healthy ecosystem of decentralized and permissionless collators.
“Hubble is the best way for token holders to research and make informed staking decisions. Moonriver is the first Kusama parachain to add staking incentives and rewards for collators. We are excited to work together to make it easy for anyone to learn more about staking. Moonbeam’s built-in support for tools and services like Metamask and The Graph will help streamline Polkadot adoption,” says Andrew Cronk, CPO at Figment
The Hubble interface offers a significantly more user-friendly staking experience than Polkadot.js, which benefits both nominators and collators. Nominators are able to quickly access information about the collators in the active set, review their performance levels, and immediately stake/unstake directly from the Hubble interface. Collators can easily track their network statistics, receive active alerts to notify when notable network events are happening, and use this information to improve services as needed.
“Permissionless and decentralized block production have always been the priorities for the Moonbeam team. The staking system developed for Moonbeam is a key mechanism that supports these goals, but a healthy staking system requires a broad set of stakers engaged with the network,” says Derek Yoo, Founder of Moonbeam. “Hubble provides a comprehensive and easy-to-use dashboard for users to make informed staking decisions, including the ability to perform staking actions directly from the interface. Making staking more accessible to a wider audience is critical for the security and censorship resistance of the network.”
Figment will add Moonbeam as a supported network alongside other prominent networks like Polkadot, Cosmos, Terra, and Avalanche. The Figment team is actively engaged with the Moonbeam ecosystem and currently serves as a collator on the Moonriver network.
About the Moonbeam Network
Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. As a parachain on the Polkadot network, Moonbeam will benefit from the shared security of the Polkadot relay chain and integrations with other chains that are connected to Polkadot. Currently in active development by PureStake, Moonbeam is expected to reach MainNet by Q4 2021. Learn more: https://moonbeam.network/.
Figment’s purpose is to build a better Internet by increasing usage of the next generation of Proof of Stake blockchains.
These efficient blockchains give people greater control of their data, more privacy, and increase financial inclusion. By eliminating intermediaries, they also limit the power of centralized data monopolies, rent-seeking financial institutions, and anti-social algorithms.
We bring our mission to reality by helping investors stake their tokens, earn yield and participate in securing the blockchain. Our Hubble and Prime applications, as well as our governance expertise, allow token holders to analyze, monitor, and make informed decisions. We build Web 3 developer communities via our Learn education program and then make it simple for these developers to launch applications and manage smart contracts via our DataHub platform. And finally, by building and operating The Graph-based indexers, we enable the efficient search and querying of blockchain data.