Hello Kaspians! It's time for the third release of Kaspa Weekly! Today, we'll tell you what the Kaspa Industrial Initiative (KII) is working on, share some sneak peeks from Zealous Swap, and introduce the new Kaspa Ecosystem Foundation Grantee - Eliott, and tell you about the Layer 2 Kasplex is building. Here's a summary of we will be covering today.

💼 The Kaspa Industrial Initiative and what they're working on
🔗 The Kasplex ZkEVM
🧠 Kaspa Ecosystem's Foundation New Grantee
🛍 Zealous Swap, Kaspa's first DEX
👩‍💻 Kastle Wallet Ledger and KRC20 Support

Kaspa Industrial Initiative 💼

The Kaspa Industrial Initiative aims to unlock new levels of transparency, speed, and security for industrial and enterprise applications. Despite not sharing many updates recently, they've been working on a lot of stuff behind the scenes 👀. To mention a few:

- a CRM system to manage 3rd parties and partners,
- mapping key US stakeholders located in DC for a visit, SEC submission drafts papers
- payments institution licensing research for both Warpcore / Gigawatt,
- calls to set up a speaking slot at COP30 in Brazil
- regulatory / monetary policy / economic modelling around stablecoins for whitepaper and architecture

They are laying the groundwork (meetings, lobbying, pitches) for when smart contracts are ready, and they can then help plug it all into Tradfi, DeFi, IoT and DePIN markets with Powered by Kaspa solutions.

Kasplex ZkEVM 🔗

Last week we've talked about the Layer 2 Igra Labs is building, but they're not the only ones building a Layer 2 in the space.

Kasplex, the people behind KRC-20 are building a zero-knowledge, EVM compatible Layer 2 that operates as a based ZK rollup, leveraging Kaspa's consensus sequencing to provide programmability and complex logical zones, while maintaining its high throughput and security.

If you're curious about the details, Kaspador explained the details in a presentation.

Recently, they've announced that a devnet is live, and that a public testnet will go live at a later date. If you'd like to experiment with their devnet, they provided a registration form in one of their twitter posts.

KEF's New Grantee 🧠

Allow us to tell you more about Eliott Méa, he's a Master of Sciences in Pure Mathematics from ETH Zürich. His experience is very broad, spanning programming, statistical modeling, and mathematical finance. Matter of fact, he's already contributed to Kaspa before. His M.Sc. thesis was written under the guidance of Yonatan Sompolinsky about Oracle designs for robust estimation.

On March 12, KEF announced that Eliott will join as a researcher, being the second grantee after FreshAir08.

Eliott's research will focus on three main areas. He will develop a more accurate and up-to-date model of oracles in DeFi, investigate existing failure points in oracles and analyze how they're being manipulated by MEV strategies. He will also design a solution to the oracle problem to improve security, efficiency, and reliability in blockchain systems. (source)

Recently, he was chosen to speak at the Web3 Amsterdam conference to explain how Kaspa generalizes the Nakamoto Consensus.

Zealous Swap 🛍

The folks over at Zealous Swap are building the first AMM DEX, which will be launched on the Igra Labs L2, it's still in the development phase, but we've got a chance to test it. Everything works smoothly, and the UI is simple, and intuitive.

To learn more about what they're building, you can read their whitepaper and the post by Kaspa Daily, which dive deeper into the mission and technical details.

Thanks to the team for letting us a take a look at the application, we're excited to see it live!

(psst! At the end of the newsletter, we've shared a couple of screenshots from the dapp 😉)

Kastle Wallet Updates 🏰

The version 2.7.0 of Kastle was released this week, packing a bunch of amazing features! Foremost, they added a Ledger integration. At the moment, it only supports Kaspa, but support for KRC-20 tokens is coming soon. Secondly, alongside regular transfer operations, the wallet now supports minting and deploying KRC-20 tokens. You can view the full changelog for more details.

Summary 📜

The incredible things KII is working on behind the scenes, another Kaspa Layer 2 and the first AMM DEX, quite an exciting week!. Thank you for reading this week's release of Kaspa Weekly, and as always, see you next week! 👋