Search Results for: Cosmos

Developers are integrating Bitcoin into the Cosmos network via Osmosis, a prominent decentralized exchange (DEX). The result is Nomic Bitcoin (nBTC), an IBC-compatible token that expands Bitcoin’s use across over 50 Cosmos-linked app chains. Despite transaction fees, crypto-investors can self-custody nBTC, use it as collateral, and engage in lending within the ecosystem. However, the initial cross-chain bridge limit could frustrate high-volume investors.

“Lido, a significant player in the Ether staking landscape, collaborates with projects from the Cosmos blockchain ecosystem, indicating growing interest in liquid staking. With $16 billion in derivatives, liquid staking has become a major strategy for digital asset investors, providing inter-chain transaction opportunities and increased liquidity while also raising concerns about centralization.”

“Cosmos Hub has introduced an upgrade, bringing in a liquid staking module for ATOM stakeholders. This eliminates the previous 21-day lock-in period after unstaking, allowing staked ATOM to be used in the Cosmos DeFi ecosystem. This change could free over $400 million of ATOM for liquidity purposes, potentially boosting staked ATOM within Cosmos-run protocols. However, the upgrade also implies adjustments in inflation rates and brings new limitations for ATOM holders in liquid-staking.”

“dYdX is introducing decentralized order books to their platform and is shifting from the Ethereum network to the Cosmos network. CEO Charles d’Haussy proposes an innovative blend of decentralization and speed, hosting order books within the validators. This ambitious transition seeks to achieve a ‘purely decentralized’ order book exchange while ensuring high-speed crypto derivative responses.”

“Despite a promising start, recent times have not been favorable for Cosmos. Developers veered away after the catastrophic crash of Terra, and substantial liquidity drop deterred integration of apps into the Cosmos ecosystem. Severe community management issues and the emergent competition from blockchain-in-a-box projects have triggered uncertainties about Cosmos’s future and identity.”

“The latest updates from the Wormhole Foundation allow for a seamless interaction between more than 20 disparate blockchains with any application-specific chain within the Cosmos ecosystem. This gateway simplifies migration of tokens onto any Cosmos chain, ultimately aiming to accelerate growth.”

Stride, the Cosmos-based liquid staking protocol, is planning a significant shift in security measures, transitioning from its current STRD token model to Cosmos’ interchain security system powered by ATOM tokens. While potentially diluting Stride’s network sovereignty, this change aims to enhance security resilience and balance sustainability.

The decentralized exchange (DEX), dYdX, has launched its public test network on the Cosmos blockchain, marking a significant step towards transitioning from its Ethereum-based version. The new test network offers users advanced capabilities and highlights the company’s strategic shift for improved performance efficiency, responsiveness, and scalability.

Binance Labs leads a $10 million funding round for Neutron, a cross-chain smart contract platform focused on interchain security within the Cosmos ecosystem. This collaboration aims to develop a secure, cost-efficient environment for building smart contracts and decentralized applications across 51 blockchains in the Cosmos network.

The Terra Luna Classic v2.1.1 upgrade brings significant changes, including a 5% minimum validator commission and the introduction of Interchain Accounts (ICA). Scheduled for June 14th, the upgrade aims to boost community engagement and bring decentralized apps to the Terra Classic chain, with a current 15% price increase in anticipation.

Noble and Celestia have partnered to build native stablecoin capacity within the Cosmos ecosystem, enabling minting of native USDC for modular chains and potentially igniting a “Cambrian explosion of DeFi applications and use-cases.” The integration is expected to supercharge growth and minimize liquidity fragmentation, while encouraging market diversity and strengthening DeFi ecosystems.

AiDoge ($AI), a unique fusion of artificial intelligence and memetic humor, offers a futuristic model of meme-to-earn (M2E) and aims to revolutionize meme creation and profit. Despite the volatile nature of meme coins, AiDoge has surpassed $13 million in presale, attracting investor interest.

In a recent announcement, Ledger Live has added compatibility for Cosmos, a rapidly growing blockchain ecosystem. This update enables users to send, receive, and stake Cosmos’ native ATOM token and supports other Cosmos-based projects. Ledger’s CTO Charles Guillemet highlights Cosmos’ unique scalability tactics and bridging technology, making it a priority integration for the hardware wallet provider.

The Terra Classic network is set to upgrade to v2.0.1 following the submission of Proposal 11511, which received 99.5% votes in favor. With the upcoming Cosmwasm 1.1.0 Parity upgrade, utility benefits for Terra Classic are expected, enabling projects and builders from Cosmos and Terra Luna 2.0 to build on it.

Canto community members are set to vote on proposals that could impact liquidity mining incentives and block rewards issuance rate, potentially benefiting CANTO token holders with a lower inflation rate. The outcome will reflect the community’s consensus on Canto’s future direction, emphasizing active participation in shaping blockchain projects.

A new Cosmos-based blockchain, Tenet, leverages liquid staking coins from other networks to secure transactions, potentially inheriting older networks’ security. This development comes as liquid staking gains prominence in the decentralized finance (DeFi) sector.