The pace of change in blockchain can leave you breathless at times. June saw the emergence of new DeFi darlings $COMP and $BAL and a surge in the value of USD locked in protocols as yield farming became the hot topic of the day. There are currently $1.62bn dollars locked in DeFi, up from $1bn as recently as two weeks ago. As many are discovering however, the gas fees alone are a significant barrier.

12 short months ago Harmony completed its IEO on Binance Launchpad and set off on a path that would lead us inexorably towards the most important milestone of our journey to date: the launch of Open Staking.

The intention of Harmony has always been to become fully decentralized. A team from all over the planet collaborating on an open platform, borderless and censorship resistant. We never expected it to happen in April 2020.

Since our February milestones, we improved our staking capacity by 10x, completed a new staking-centered website, and created Stake Heist on Pangaea with 10M ONE tokens for hacking our P-2 testnet.

Since our January milestones, we have swapped 4.4B ONEs (91%) to native tokens. We are launching our open staking testnet with 100 external validators in preparation for open staking on mainnet.

Organized 2020 initiatives with project metrics for 50-person team Launched ONE token swap with Bitmax and Binance Native tokens launched on Ledger Live, TrustWallet, MathWallet and SafePal Shipped non-fungible collectible dapp on mainnet with 100 community guests

Harmony’s goals in 2020 are cross-border utility, decentralized development and auditable privacy. Toward a fully open development and platform, we have published our 2020 goals at harmony.one/2020-plan earlier.

Below is the tweet storm of the individual 2020 goals from our team (a dream team!). See https://harmony.one/2020 for the project goals, namely: cross-border utility, decentralized development and auditable privacy.

Harmony Team continues to obsess over customer’s use cases, build the network effect of our ecosystem and bring the world’s best research to production. Our goals in 2020 are cross-border utility, decentralized development and auditable privacy.