Cosmos Report by Enigma #12

For the week ending June 30th

Jul 01, 2023

Welcome to Cosmos Reports ⎮By Enigma, a weekly newsletter covering news, updates, educational content, and more within the interchain.

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🗞 Trending News

Third ICS chain proposal : Duality

https://twitter.com/cosmoshub/status/1672308548791836674

The third consumer chain proposal is live on the Cosmos Hub governance forum.
Duality aim to be a dex aligned with the Cosmos hub, launching on replicated security, he will get the following specificities:

100% of gas fees go to ATOM validators and delegators.

100% of MEV and gaz fee rev to ATOM validators and delegators.

Governance powered exclusively by ATOM

Liquidity providers rewarded with 100% of swap fees

https://forum.cosmos.network/t/proposal-draft-launch-duality-on-replicated-security/10932#summary-3

Few Testnets

💈 Dymension testnet

https://twitter.com/dymension/status/1673309737977364481?s=20

Dymension is introducing a new testnet called Froopyland.

Builders, Dymension community members with the RollApp-fam role, can earn rewards by deploying RollApps on the Dymension Portal.
Validators who secure the Dymension Hub and deploy their own RollApps will also receive incentives.
Testing users, regardless of their technical skills, can participate and earn rewards. Get you Rollapes 💈 🦍 role on discord !

The top 10 most impressive RollApps will be awarded a share of 1 million DYM tokens, with tiered rewards based on ranking. The top 3 RollApps will each receive 200,000 DYM, RollApps ranked 4 to 6 will receive 100,000 DYM each, and the remaining 4 performers will receive 25,000 DYM each.

With a total supply of 1 billion DYM tokens, that’s 1% of the total supply distributed during the testnet.

https://medium.com/@dymension/froopyland-incentivized-testnet-e407b5f6d4f5

🦔dYdX V4 public testnet

https://twitter.com/dYdX/status/1674124130462109699?s=20

With each passing day, we edge closer to the highly anticipated V4 dYdX mainnet launch.
This week, the dYdX team unveiled their public testnet, and we are thrilled to be included in the genesis set!
The dYdX chain is now live and operational, setting the stage for an exciting trading experience.
Mark your calendars for July 5, 2023, at 17:00 UTC, when users will finally have the opportunity to dive into the dYdX trading ecosystem

Try the testnet on : https://v4.testnet.dydx.exchange/#/trade/ETH-USD

Namada testnet

https://twitter.com/namada/status/1674812829617070080?s=20

Namada(opens in a new tab) is the first fractal instance of Anoma(opens in a new tab)
Namada is instantiated as a product for asset-agnostic, interchain privacy
Namada is built by a public good laboratory called Heliax

Namada, a cutting-edge L1 protocol, is gearing up for its first public testnets. The protocol introduces an innovative Sybil-resistance mechanism called Cubic Proof-of-Stake, along with other thrilling features. With the genesis time drawing near, participants are encouraged to explore the recommended reading materials to prepare for their involvement. Excitement builds as Namada opens the doors to a new era of blockchain technology.

Cosmos millions first Draw

Cosmos Millions is making waves in the Cosmos!
Draw #1 was a first success, with a staggering $145,911 locked in TVL and an impressive 179 unique depositors.
The event saw 66 fortunate winners take home $339 in prizes, including one lucky Cosmonaut who secured 30 $ATOM by saving.

Anticipation builds for Draw #2, as the prize pool is expected to surpass 97 $ATOM.

Experience the cosmic excitement and deposit now at .
👉https://cosmosmillions.com

Inter Protocol is launching its IST minting application on the Agoric chain

Agoric, a blockchain network built on Cosmos, is empowering developers with JavaScript to build DeFi applications. Recently, the network's Inter Protocol application unveiled its new minting feature named "Vaults."

Inter Protocol, a decentralized application on Agoric, serves as the application layer responsible for implementing the Inter Stable Token (IST), which functions as a stablecoin on the Cosmos network.

Dean Tribble, the CEO of Agoric, stated in a press release reviewed by Blockworks that Vaults will provide an alternative method for minting stablecoins, differentiating decentralized tokens from their fiat-backed counterparts.

"With fully functioning Vault systems, crypto collateral holders can leverage their assets to meet the demand for IST, thereby contributing to the Agoric economy through fees," Tribble explained.

IST bears similarities to Maker DAO's DAI, serving as a decentralized stablecoin pegged to the US dollar.

🛰️Quasar ATOM PRO vault & QSR launch

https://twitter.com/QuasarFi/status/1673412087631020032?s=20

Quasar continue to build this week with tow major moove,
first the launch of their second vault : ATOM PRO, following the first OSMO pro vault, this one will be focused on ATOM.
By deposition in this vault you will LP in stable ATOM/ lsd ATOM pool on Osmosis. Repartition will be done between stride and quicksilver asset.

Quasar is making significant progress this week with two major developments. Firstly, they are set to launch their second vault called ATOM PRO, which follows the success of their first vault, OSMO PRO.
The ATOM PRO vault is specifically designed to cater to ATOM enthusiasts. By depositing your assets into this vault, you will be able to participate in the stable ATOM/ lsd ATOM pool on Osmosis . The distribution of rewards will be allocated between the Stride and Quicksilver assets.

Second moove is the QSR token launch on Streamswap in the following days. here is the key information:

QSR Streamswap starts on July 4
Two streams: one accepts ATOM, the other accepts OSMO
10M QSR locked in each stream, totaling 20M QSR (2% of total supply)
Bootstrapping Phase for each stream: 48 hours, starts on July 2 at 3:00 pm CEST
Streaming Phase for each stream: starts on July 4 at 3:00 pm CEST, lasts 12 hours until July 5 at 3:00 am CEST.

Learn more on the QSR streamswap launch :
https://www.quasar.fi/blog/the-qsr-token-is-launching-on-streamswap-here-s-how-it-works

Polkadot <> IBC <> Cosmos

https://twitter.com/ComposableFin/status/1674406735048589313

On June 29, 2023, a significant milestone was achieved in the quest for unifying liquidity, users, and builders. The beta launch of the first trustless connection between DotSama and Cosmos was celebrated, marking a revolutionary step forward.

The Composable team played a pivotal role in this achievement by successfully conducting the inaugural mainnet transaction of IBC transfer between the Kusama parachain, Picasso, and the Cosmos IBC ecosystem.

This accomplishment showcases the vast potential of IBC, extending its capabilities beyond the boundaries of the Cosmos ecosystem.

visit trustless.zone and discover Centauri

This journey was possible with the collaboration of different teams, with special recognition extended to @notionaldao, @informalinc, @strangelovelabs, @interchain_io, and over 100 validators.