LONDON (Bywire News) - In case you missed it: EOS News Review 2021 - Part III
As the year enters the third quarter, things are kicking off in more ways than one. The key ingredients for the new era of EOS are moving up a gear with Pomelo and the ENF getting seriously into action.
Meanwhile, behind the scenes, tensions are growing about the role of B1. The transfer of millions of EOS to a new funding vehicle run by one of the former founders of B1 will prove to be the spark for civil war.
October
- 8, The EOS Network Foundation Announces its first round of grants
The EOS Network Foundation announces the first round of its recognition grants – intended for those organisations which have made a proven contribution to EOS. Six businesses will receive $100,000 each: EOS Go, Bywire News, AtomicAssets, Finney.World, Koreos and EOS Microloan.
- 9, Eden elects its first Chief Delegates
The first on-chain election for Eden concludes with the following people elected as chief delegates:
- Aaron Cox: Co-Founder Greymass.
- Chris Barnes: 1st Eden Mock Election winner.
- Jesse Jaffe: EOS Bees Queen.
- John Williamson: Founder Violet Garden
- Brandon Lovejoy: Multimedia Creator.
- Randall Roland: Founder of EOS Support
- 16, THE EOS Network Foundation Announces Second Wave of Grants
11 more fantastic projects are rewarded with a further $100,000 each in the second wave of recognition grants. They are DefiBox, EOSDT, SOVDEX.io, Vigor Protocol, DeFis Network, Newdex, Organic Protocol, Pizza ProFi, DAPP Network, pNetwork, DAPP DAO Account.
- 26, Pomelo Kicks off First Round of Crowdfunding
The EOS Network Foundation becomes the first matching partner for Pomelo, donating $500,000.
The first round of Pomelo funding is announced to kick off on 7th November and to run throughout the month. It will use the innovative quadradic funding model which multiplies donations and boosts funding depending on the number of donors rather than just the total donated.
It shifts power towards those organisations which can attract many small donors rather than those which benefit from just a few large donations.
November
- 1, Bullish and FarPeak Register with SEC
Bullish and the special acquisition company, FarPeak, announce that they have signed a Registration Statement with the U.S Securities and Exchange Commission (SEC) for their proposed business combination. The Registration Statement contains a preliminary proxy statement/prospectus with information about FarPeak, Bullish and the proposed business combination. Tom Farley comes in as CEO while Brendan Blumer is the director.
- 7, Round One of Pomelo Kicks Off
The new crowdfunding platform for everyone kicks off with a matching fund of $500,000 to be distributed via its innovative quadratic funding methodology. People can browse from a host of organisations on the Pomelo website choosing which ones to support. Their donations will then be multiplied using funds in the matching pool supplied by the ENF. Bywire celebrates the occasion by naming our top ten picks from the platform.
In a controversial move, B1 announces the transfer of 45 million EOS to Helios with the first tranche of 8 million. The new VC is led by Brock Pierce, former child actor/entrepreneur/presidential hopeful and, most importantly, one of the founders of B1. Details of the deal appear to show that he will benefit from vesting tokens that had been granted to B1 to support the network. The backlash across social media is savage. Chatter about plans to take control of those tokens bursts from the background to the foreground with many openly demanding the network strips B1 of those tokens.
-17 Brock Pierce, Brendan Blumer and Yves La Rose in Crisis Talks
Bywire reports that Yves La Rose flew to Canada for talks with Brendan Blumer of B1 and Brock Pierce in an attempt to resolve the mounting standoff between B1 and the block producers. The transfer of vesting tokens to Helios has strengthened resolve among those who would like to see EOS freeze those payments and break away from the ecosystem. The talks failed to reach a resolution with several possible proposals thought to be on the table. It’s the clearest sign yet that a major break in the network could be on the cards.
An important stepping stone in the development of EOS is put into place with the launch of the first working groups. These are intended to give EOS something it has lacked ever since the launch of the first whitepaper: a clear roadmap for where it is going and how it intends to get there. Comprising some of the brightest minds in the community, these groups will assess what needs to be done to kick start network growth.
The first four working groups are:
- Core+: working with software that maintains and allows applications to run on EOS.
- Audit+: providing an overall framework for security analysis tooling and contract audits for EOS applications.
- Wallet+: working with software for the integration of EOS into external applications.
- API+: working with software that provides data from EOS for external applications.
More will follow later.
- 21 Brock Pierce Weighs in on B1 Controversy
In an interview with Bywire, Brock Pierce weighs in on the controversy surrounding the role of B1 and his new venture Helios. While agreeing that B1 has made mistakes in the past, he argues B1s inaction is less due to fraud, as Yves La Rose suggested in a recent virtual event, but restrictions brought about by ongoing regulatory action. Indeed, he argues that in time one of the most important things B1 could have done may prove to be securing the exemption from the SEC. Overall, though, his message is one of optimism.
“I’m at a point where I’m more excited now than at any time other than at the beginning of this project,” he enthuses.
December
- 1, Pomelo Raises Thousands for Public Goods
The first season of Pomelo is a resounding success, closing with more than $130,000 raised for more than 76 projects across 1,022 donors.
- 6, B1 Makes 32 Million EOS Peace Offering
In an olive branch to the community, B1 throws 32 million at the network. The funds will go primarily to the ENF (30 million EOS) with Pomelo and Eden both receiving one million EOS each. The move fulfils one part of the demand for the community, but it will not prove to be enough to satisfy the block producers.
The nuclear option is triggered as the block producers votes to stop the vesting to B1. The BPs vote with a supermajority to deny the payment of 67 million EOS to B1. The decision splits the community with many fearful of how the despite might look to the outside, while others rejoicing at the chance to finally kick B1 into the long grass.
The eCurve DeFi platform is hacked by a hacker under the alias itsspiderman, resulting in the PIZZA platform losing more than $5 million in tokens. Pizza Finance announces it is working with SlowMist, the block producers, and other projects to retrieve the funds.
- 14, Daniel Larimer Plans for EOS to become the DAO of DAOs
Dan Larimer sets out a vision for EOS post B1 claiming EOS will soon be a DAO of DAOs in which ‘accounts will be free and countless people will be rewarded for contributing and inviting others to do the same.”
- 18 Brock Pierce Denies Making Death Threats
In a second interview with Bywire, Brock Pierce claims he can’t recall making death threats against Yves La Rose during a phone call. The comments come after the block producers unexpectedly vote to block payments to B1 throwing his new venture Helios into doubt. In a heated phone call to La Rose, he is said to have threatened to ‘break his neck’. Pierce claims not to have any memory of his exact words although he does admit to being ‘emotional’.
- 19, DefiBox launches Gamebox
DefiBox launches the Gamebox platform to support projects which intend to develop games on the EOS Blockchain. BOX tokens will also be used as governance and application tokens.
- 20, Yves La Rose – Opens Up to Bywire
In another Bywire exclusive, Yves La Rose sits down to talk about the dispute with B1. He said B1s failure to come to the table was just one in a long line of broken promises.
“From the BP’s perspective, this is the third or fourth time B1 has not come to the table,” he says. “They are incentivised to drag this out, the better because they get paid daily. It’s less trouble for them. Essentially, EOS is a liability to them…. This is the third or fourth time when B1 misses deadlines. It’s important to put this in context because the block producers have been through this repeatedly.”
- 20, Dan Larimer Proposes Mandel
A new year signals a new codebase for EOS with the arrival of Mandel 3.0 to take over the codebase repository for EOS 2.0. Funding will come from ENF which, pending block producer approval, donates 200,000 EOS upon delivery of the Mandel Release Candidate on January 31.
- 21, Bullish Opens
Bullish opens to the public in over 40 countries. It’s a major moment that sees institutional class investors with the opportunity to trade cryptocurrency pairs including EOS.
(Written by Tom Cropper, edited by Klaudia Fior)