Phala Reached Partnership With SaaS3, PhalaWorld Released Short Term Roadmap|Phala Weekly Vol. 116

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Phala Network

3 min readJan 15, 2023

👷 Khala/Phala Computing Providers Report

Phala StakePool V2 & Vault on-chain upgrade has been enabled, all related functions related to computing providers are restricted so we won’t be able to provide statistics this week.

🙋 Khala Democracy Governance

Khala treasury accumulated 37.82 MPHA.

Democracy Referendum

#77: This referendum comes from the technical committee. The proposal proposes to upgrade Khala Runtime v1205, fix Vault related issues, perform PhalaWorld repair and migration
#78: This motion will trigger a v1206 runtime upgrade to fix bugs

Treasury Proposal

#51: The purpose of this proposal is to facilitate the continued advancement of Phala Network. The requested funds will be specifically used to expand Phala’s community and finance Phala’s ambassador program
#50: The purpose of this proposal is for liquidity provision to increase $PHA’s DeFi use cases on Astar, facilitate the liquidity demand and maximize the synergies between Polkadot parachains via XCM

Dev Updates

💯Completed

1.Phat Contract

Automation experiment in QuickJS
Internal roadmap updated

2. Phat Ecosystem Projects

PrivDEX

Cross-chain dex aggregator on Phat Contract
Received W3F grant
Won Polkadot winter hackathon

Paraxiom

Modular oracle infrastructure on Polkadot
Applying for W3F grant

3. Computing Power Supply

Overflow & claimable reward bug fix applied (v1206 runtime)
Vault #3474 reopened

4. SubBridge

Sygma M2 started: MPC sig, fee handler, E2E test

💻Work in progress

1. APP

SGX DCAP productionalize

2. Computing Power Supply

PRuntime fast sync merged; waiting for Solo & PRB integration
Ledger Hardware Wallet submitted to app store for review

Community & Ecosystem

PhalaWorld

Product Progress

a.) Continue the development of custom NFT

b.) The marketplace is under development

c.) Hatching will happen next week

d.) The team will show the “burning” of Shell NFT

Operation & Marketing

a.) PhalaWorld released a short-term (2023 Q1) roadmap, introducing the first version of the functions that will be launched after the opening of Marketplace

Activities & News

Phala has reached a partnership with SaaS3Lab. Through this collaboration, SaaS3 will be able to improve its Oracle services performance and security by leveraging Phat Contract’s powerful off-chain computation features
On January 11th, Phala and Friends invited Zondax to discuss how to safely store tokens in the Twitter Space
Phala’s daily active users this week rank among the top three in the Polkadot ecosystem!

🪧 Coming up

On January 20th, Phala’s Dev Advocate Josh was invited to participate in the Swank Panel to discuss the future prospects of WASM smart contracts on Polkadot
On January 25th, Phala Network will hold Web3 Cloud Transformation — DCloud Round table by Phala Network on the Crowdcast channel jointly with Protocol Labs and Bundlr. Stay tuned on Twitter for more info

About Phala

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, a privacy technology already embedded into modern processors, enabling versatile and confidential execution. Together, this creates the infrastructure for a powerful, secure, and scalable trustless computing cloud.

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