
Breaking|WisdomTree submits new crypto fund application to the SEC, with Polkadot (DOT) listed as one of the core assets!
On November 7, U.S. asset management giant WisdomTree submitted its latest S-1 registration statement to the SEC, planning to launch a spot crypto fund tracking the CoinDesk 20 Index — the WisdomTree CoinDesk 20 Fund. The fund will directly hold 20 mainstream digital assets, including BTC, ETH, SOL, DOT, etc., covering the top 20 crypto projects by global market cap, aiming to provide institutional and compliant investors with a basket entry into crypto assets.
The U.S. SEC has issued the latest guidance on the ETF filing process. During the shutdown, they received over 900 new ETF filing documents. Grayscale’s last submission for the Polkadot Trust ETF was on October 20, which included a “delayed amendment,” so it has not yet entered the effective process. Grayscale currently has two options:
🔹Submit a new amendment to remove the “delay,” which, under the SEC’s new rules, would trigger a 20-day automatic effective period.
🔹Submit a formal “accelerated effectiveness” application under Rule 461, which, once approved, can take effect within a few days.
So, if option 2 is chosen, the earliest would be late November. If option 1: around early December.
Haven’t heard news about the Polkadot APP for a while? Here’s the latest from Gavin: it’s being integrated into Polkadot’s Second Age strategy!
Therefore, the Polkadot App is inevitably undergoing some functional restructuring. Parity has reprioritized, with some features being enhanced and others temporarily postponed!
Its name will also be changed to Polkadot Mobile! Additionally, Project Individuality will be integrated into Polkadot Mobile, so this means you’ll need to download Polkadot Mobile to participate in the fairest referendum ever! Stay tuned!
Furthermore, Gavin also released other important information about Polkadot Mobile at this week’s Sub0 conference. See the next update!
On November 14, the Sub0 event officially kicked off. Although Dr. Gavin Wood gave a brief 30-minute speech, it contained a lot of important information. PolkaWorld was the first to publish the Chinese version of the top 10 highlights:
1. Polkadot enters the product era: from “protocol only” → “protocol + platform + consumer-facing products.”
2. Core technology is complete: Polkadot has proven scalability; JAM will be ready in about a year.
3. Web2 is still industrial age logic: the digital world remains centralized, and Gavin’s goal is to build a “user-sovereign digital society.”
4. Why Web3 hasn’t gone mainstream: wallet users are only in the hundreds of thousands; products haven’t truly improved lives.
5. Parity’s strategy shifts to three layers: protocol (complete) → platform (in progress) → product (from 2026).
6. Polkadot Mobile App becomes the new entry point: this is Gavin’s “Portal Platform”; attendees experienced a demo during the speech; it will be one of the most important products in the future.
7. Project Individuality = growth engine: no need for phone numbers/passports/iris scans, uses cryptography + game theory to identify real users → supports airdrops, incentives, and free services.
8. Technical conditions mature for the first time: Polkadot/JAM can now support millions of users + provide a Web2-level experience.
9. Second Age launches: from technology → platform → product → societal impact.
10. Summary: Gavin: “The era of Polkadot having only technology and no products is over.” Future focus: Mobile App, Individuality, platform capabilities, growth tools.
The full Chinese version will be released by PolkaWorld next week, stay tuned!

Gavin’s first OpenGov proposal (Polkadot People Initiative: Incentives for Mass Polkadot Activation Campaign) is in the process of being passed!
This is not an airdrop, but a systematic experiment in “rebuilding Web3 with real humans.” The core cornerstone is Project Individuality: a brand new identity proof system based on ZK and Bandersnatch Ring VRF, ensuring “you are a real person, not a bot,” and will seamlessly coordinate between Polkadot People Chain → Polkadot Hub → Polkadot Mobile.
The funding mechanism is transparent and simple:
Essentially, Gavin wants to make “individuality” a new public infrastructure for Polkadot, so that future growth, governance, and security are all based on “real humans.”
In addition, he has outlined five directions for the ecosystem in the proposal: user onboarding → network security → governance → Hub integration → mobile experience. The goal is to move Polkadot from an airdrop economy to an intelligent individual society.
For a full analysis, see the long article by PolkaWorld
Pierre, VP of Engineering at Parity, hinted at Parity’s current five priorities in a recent interview:
① Polkadot’s biggest problem is not technology, but the lack of running applications
Outside of DeFi, things are almost stagnant; even Web3 Summit’s ticketing/access control still relies on Web2.
Pierre: “We don’t lack chains, we lack real applications that can replace Web2.”
② Parity admits: the previous “only build chains, not applications” strategy has failed
The external developer ecosystem grew too slowly, so Parity will get hands-on: build demos → build prototypes → use its own system. This is a core strategic reversal.
③ Hub strategy is not EVM vs PVM, but layered positioning
Polkadot’s competitiveness is not in copying Ethereum, but in filling Ethereum’s gaps.
④ Gavin is driving the “product-driven Second Age of Polkadot”
The interview repeatedly emphasized:
Comprehensively replacing Web2’s daily tools with chains, this is not just a product, but the prototype of a Web3 application stack.
⑤ Parity is rebuilding a “decentralized AWS + iCloud + Firebase”
The entire tech stack is gradually taking shape:
Pierre hinted that Polkadot is building a native Web3 Cloud + App Layer. Learn more:

Although we’ve already shared this news, we still want to emphasize its value and significance here — Polkadot has become the first blockchain ecosystem to be officially recognized as a “key enterprise” by the Hong Kong government, a milestone event.
If you’re interested, you can learn more in PolkaWorld’s latest article

Major scientific breakthrough! W3F researchers overturn the core mathematical assumptions of mainstream SNARKs!
Two researchers from Web3 Foundation, Elizabeth Crites and Alistair Stewart, published a new paper directly overturning a class of Reed–Solomon mathematical conjectures widely relied upon by current zero-knowledge proof (SNARK) systems.
The overturned conjectures are the core research direction of the Ethereum Proximity Prize and are key efficiency assumptions for mainstream SNARKs such as FRI, DEEP-FRI, STIR, WHIR, etc., in their pursuit of “small proofs + fast verification.”
⚠️ Impact: The “efficient parameter” ranges that these SNARKs have always used can no longer be assumed to be secure by default. This means the industry will have to reassess the efficiency and security boundaries of some zk proof systems.
Even more surprising, this breakthrough originated from another paper by the authors on threshold signatures and secret sharing published at the CRYPTO conference, which unexpectedly revealed a deep connection between cryptography and coding theory. This is a truly fundamental achievement in the current zk research field, with far-reaching impact.

Jonas, a research scientist at Web3 Foundation, has released a brand new Dynamic Allocation Pool (DAP) draft, with the core goal of evolving Polkadot’s economic system from “relying on inflation” to “relying on income & reserves” for sustainable growth.
PolkaWorld has summarized the five most critical points for everyone:
1. DAP = Polkadot’s “central fiscal pool”
All issuance & protocol income (coretime + transaction fees) will go into a unified fund pool, making it easier to pay validators, the treasury, and nominators, and to establish reserves in advance to cope with future issuance declines.
2. Validator rewards: fixed salary + DOT incentives
Fixed operating costs will be paid in DOT stablecoins, plus additional DOT incentives to enhance network economic security. The goal of the new self-staking incentive curve is to make “the economic security value contributed by each validator” approach about 90,000 DOT (including self-staking + reward discounting and other comprehensive factors).
3. Nominators: no slashing + unlock in as fast as 1 day
Nominators become a very low-risk “liquid staking pool.”
4. Treasury no longer burns money
The treasury will receive both DOT and stablecoins, better matching teams’ real spending needs. Future budgets will be adjusted by DAP, rather than relying on passive income.
5. Establish “strategic reserves”
Polkadot will save DOT during issuance peaks and spend DOT when issuance declines, serving as a stable anchor for DOT stablecoins and enhancing the system’s risk resistance.
In short, DAP = Polkadot moving from “inflation-driven” to “fiscal autonomy + sustainability + native stablecoin support.” PolkaWorld will also release the full Chinese version next week!
Please note, Polkadot Asset Hub has completed the 2.0.2 version upgrade!
This upgrade fixed the abnormal annual DOT issuance issue. The daily issuance has now returned to 328,797 DOT/day (about 120 millions DOT/year), meaning your DOT staking yield has now returned to normal levels!
As stablecoins become the main line of global financial innovation, Polkadot is moving from a “technology network” to “financial infrastructure”! As Kristin from PolkaWorld said at #HongKongFintechWeek: the real challenge is not making people understand stablecoins, but making them understand the future of blockchain and Web3.
Stablecoins are just the beginning! Running the global financial system on open protocols is the ultimate problem Polkadot wants to solve!
For the first time, Polkadot appeared as the only blockchain project at TechCrunch Disrupt! The eye-catching pink booth attracted nearly 10,000 Web2/AI entrepreneurs over three days, many of whom seriously learned for the first time what blockchain can bring to their business.
Acurast, Frequency, Magenta Labs and the team demonstrated to developers on-site Polkadot’s capabilities as “usable, practical infrastructure.”
This event proved that Polkadot is striving to enter the mainstream tech stage, rather than being stuck in the Web3 niche.

Missed HIC (Harbour Industrial Capital)’s sharing at the Polkadot Builders Party? Check out the key information here!
HIC is becoming one of the most determined, professional, and execution-focused investment forces in the Polkadot ecosystem.
In addition, the Polkadot Builder Party hackathon is entering the final countdown! Please complete and submit your project by 11:45 PM GMT on November 17, 2025.

Acurast has completed a $11 millions funding round, aiming to turn smartphones into “privacy computing nodes.” Investors include Gavin Wood and others.

🔥 Hydration made a big splash at Sub0 — this press conference was packed with information! Hydration clearly announced: they are not a DeFi protocol, but an Appchain born for DeFi!
1) Hydration = Swap + Lending + Stablecoin, a full-chain integration, with customizable capabilities via the Polkadot SDK.
In a nutshell: “Uniswap + Aave + Curve + MakerDAO → all natively running on the Hydration chain.”
2) Three key modules implemented over the past year:
→ Higher LTV
→ Protocol-level partial liquidation (PEPL)
→ Safer collateral model
→ No reliance on external arbitrageurs
→ Chain-level maintenance of $1 peg
3) Two highly differentiated chain-level capabilities
→ Lower user losses
→ Safer liquidation environment
→ Higher LTV possible
4) HDX has real chain-level use, not just a “governance token”
Hydration features automatic buyback, continuous micro buybacks, and 20–30M protocol-owned liquidity (POL)
5) The fourth pillar is coming: Perpetuals
After the three-piece set, Hydration plans to launch perpetual contracts and use the integrated Appchain structure for more complex strategy automation. This will directly compete with Hyperliquid/Aster.
6) Intent Engine + Smart Triggers: the true era of on-chain automation
Hydration is building:
Cross-chain intent engine (Intent-Composing Engine)
On-chain smart triggers (Smart Triggers)
One-click execution of multi-step operations:
swap → repay loan
swap → deposit → stake
cross-chain swap → auto rebalance → execute other logic
This is a major leap in UX.
7) Grand finale: rains project (a shocking new product)
rains project = smart wallet + savings account + credit line + gamification mechanism
Highlights:
Launch timeline:
This is basically Hydration’s attempt to build an on-chain version of Revolut.
Hydration is not a DeFi protocol, but a “chain-level DeFi operating system,” covering everything from Swap, Lending, Stablecoin to Perpetuals, Intent Engine, and Smart Wallets.
The debut of the rains project marks the true emergence of a consumer-facing on-chain financial product prototype in the Polkadot ecosystem. The full Chinese version will be released next week!

In addition, Mandala also announced three new partnerships at Sub0:
① Bitlayer (Bitcoin L2) integrates with Mandala: bringing true “permissionless Bitcoin (YBTC)”
② INC Finance (DAO platform) integrates with Mandala
③ AORUS (Onyx Minerals) brings “physical gold on-chain”
For more important information, PolkaWorld will release the full Chinese version next week!
Bifrost Foundation has proposed a Polkadot Treasury investment proposal #1778 this week — hoping to allocate treasury funds to mature DeFi protocols by holding yield-bearing parachain tokens, introducing an inflation funding model instead of using principal. Currently, Bifrost and several other DeFi protocols already have stable yield capabilities. If this direction progresses smoothly, in the future, the entire Polkadot ecosystem’s DeFi protocols could bring continuous and predictable returns to the treasury, significantly improving the ecosystem’s financial sustainability.
Currently, the proposal faces considerable opposition, mainly in the following areas: