5 min read
Cosmos Check-In #10
Welcome to Flagship’s Cosmos Check-ins! Our goal is to provide you with up-to-date and in-depth news about the Cosmos Ecosystem in less than 10 minutes! So grab a coffee, and let’s dive in.
TLDR: Lunar New Year’s bull trap or bull market?
With the Lunar New Year causing Asia Markets to pump up the prices over the weekend, this bullish sentiment has slowly faded. So, of course, we are only interested in this: “How has the Cosmos sector been developing?”
In this edition of the check-in, we will look at the biggest news of the week, followed by the tangible developments and the non-tangible updates that have happened over the past week — With that, let’s dive in!
The biggest news of the week
This week's biggest news has to be the possibility of more Cosmos chains getting listed on Coinbase, and here’s why.
KAVA gets listed on Coinbase
This week, KAVA got listed on Coinbase — which is a good step forward for Cosmos.
As Altcoin Psycho has succinctly put it, Coinbase has had historical struggles with listing Cosmos tokens (apart from $ATOM) due to technical limitations. For those unfamiliar with Coinbase, Coinbase is the largest US-based exchange and usually the first point of contact for newer users looking to get into web3.
Thanks to KAVA’s work on the listing, the time for IBC projects to integrate with Coinbase is reduced to 1 month from 18+ months… which potentially means that it is likely that we will see more Cosmos tokens get listed on Coinbase shortly.
Tangible upgrades and launches
In this section, we look at some tangible updates and launches that we have seen this week, and ones that you can interact with in the next coming days (or now, even depending on when you read this).
Osmosis’ v14 upgrade — Neon Upgrade
Osmosis v14, termed Neon Upgrade, has gone live since Monday.
In this update, a few critical features were rolled out, such as the shift to Geometric TWAP (time-weighted average price), which makes liquidity pools more resistant to price manipulation, a downtime detection module that aims to send downtime data as a contract query to prevent the potential for wrongful liquidation when downtime happens, and the upgrade to IBC 4.2.0, which enables reusable WASM hooks to allow swapping via Osmosis on other chains.
Source: Features from Osmosis v14
Gnoland’s Game of Realms
Developers who are proficient with Gnolang might be of interest to you.
The Game of Realms for Gnoland is now open, which is a high-stakes competition with a total prize pool of 133,700 ATOM and a chance to co-own the Gnoland blockchain.
This will be rolled out in two phases, focusing on different goals. In phase one, the goal is to roll out the critical infrastructure and tooling off-chain, which will be implemented in phase two, on-chain, alongside building more smart contracts to support and represent the usefulness of phase one applications.
Source: Gnoland’s Game of Realms
Keplr’s most requested feature is shipped!
For those using the Keplr wallet, one of the most annoying things you probably face on a day-to-day basis is that you cannot hide or unhide chains. Well, that gets fixed this week, as Keplr has finally shipped out a feature that allows you to do just that.
Astroport launches testnet on Injective
Astroport, a neutral marketplace for traders, launched their testnet on Injective, a finance-focused blockchain, and a redesigned user interface.
While testnet access is currently limited, this marks the first phase of Astroport’s plan to launch on multiple blockchains from Terra 2.0. Upon mainnet launch, users can swap various assets from different blockchains.
Wynddao’s launch on Juno
After ten grueling weeks and the first Cosmos M&A to occur, Wynd DAO has launched Wynd DEX and has since passed by multiple DEXes to become the biggest DEX on JUNO.
Kindly let us know if you’ve tried out Wynd and your experience with it!
Source: Wyndex is live on JUNO
Cronos is now integrated with Tenderly: With Tenderly, developers can optimize their smart contracts more efficiently through the one-in-all platform.
Arable’s IBC is live: Users can quickly move $ACRE between MetaMask and Keplr after Arable’s recent upgrade.
Kujira’ Senate is finalized: Kujira’s nine senators are now finished, and you can see the list on their page. Please let us know what you think about the decision!
Non-tangible upgrades and proposals
Next, we look at the non-tangible upgrades, which includes some exciting proposals that are either already on-chain and in the voting process, or will be up for voting in the upcoming days.
Lum Network: Proposal 36
Proposal 36 from Lum Network will upgrade Lum Network from v1.3.0 to v1.3.1, which prunes a few problems due to bad instatiation, such as the problem with DFract Module.
Source: Lum’s Proposal 36
Arable’s arUSD is merged on Osmosis’ PR
Soon, we will most likely see arUSD live on Osmosis, an over-collateralized stablecoin that rewards arUSD holders from operating profits.
Source: arUSD merges
Canto’s future proposals
In the following weeks, proposals on Canto will be rolled out to introduce Contract Secured Revenue (CSR), a fee-splitting model for the Canto network, allowing smart contract developers to earn a percentage of transaction fees when users interact with their smart contracts.
CSR is powered by Non-Fungible Tokens (NFTs) and can be used to withdraw funds, distribute revenue, create loans, or reduce regulatory risk. Following the completion of its security audit, CSR will soon roll out on the Canto mainnet.
Source: Canto's CSR
Mars protocol’s imminent launch
The new features from Osmosis launching after v14 will allow Mars to launch and supercharge Osmosis — deemed as the Mars Outposts, which will also be launched in February; this enables users to leverage yield farm vault positions and farm with leverage for increased yield.
Source: What is Mars Protocol?
Other interesting happenings
- One of the more subtle developments that has been brewing is Interchain NFTs, and this Twitter Thread by Interchain explains how it will impact the future.
- How has the crypto market size changed over the past year? Crypto.com’s Market Sizing report answers this, through their report which was released this week.
- Secret Network has released their “Secret Learn Portal” — which includes informative content about everything related to Secret Network and how to get started.
Curious about what we do? Be a part of the Flagship community that's revolutionizing the economy with the wisdom of our captains!
Subscribe to Flagletter
Get content like this in your inbox
Disclaimer: Nothing on this site should be construed as a financial investment recommendation. It’s important to understand that investing is a high-risk activity. Investments expose money to potential loss.