In this weekly roundup, the blockchain developments include updates from Cardano, Cosmos, Kava, Quicksilver, and Neutron. Cardano made progress in various teams, including improvements in DB Sync, cardano-js-sdk, Plutus tools, core teams, Hydra, Mithril, Voltaire, and Project Catalyst. The Education team planned the Haskell Course and participated in the Marlowe launch event.
Entry Point proposed a long-term partnership with the Cosmos Hub, offering an investment in exchange for significant influence over governance and treasury spending, while Cosmos Hub hosts bi-weekly Developer Calls to update the community on ATOM development. Meanwhile, Archway launched as a Cosmos SDK chain, providing an incentive-aligned protocol for developers, and TOKI and Noble partnered to introduce fully collateralized fiat-backed stablecoins to the wider interchain ecosystem, aiming to enable real-world use cases for cryptocurrencies.
BlockPI is a distributed multi-chain acceleration layer that aims to improve the infrastructure of the decentralized Web3 ecosystem by providing high-performance and reliable RPC services, while Apollo is building an Asset Management Platform and a “Homepage for the Cosmos” to enable secure asset management on-chain and access to DeFi opportunities across the interchain, and TFM introduced IBC Swap, a solution to simplify cross-chain swaps in the interchain ecosystem, reducing the number of transactions required for token transfers.
Kava 14 introduces an “internal bridge” feature for secure asset conversion between Cosmos and EVM ecosystems, while the Kava Origin Foundation proposed launching Stargate on the Kava network to enable USDT transfers between various chains. Meanwhile, Quicksilver and Quasar partnered to launch the Quasar Index Token (QIT), a liquid-staking index token comprising a market basket of IBC assets.
And finally, Neutron, LongHashX, and ATOM Accelerator DAO launched the AEZ Accelerator, a 12-week program focused on accelerating projects on Cosmos’ Partner Chains, and Neutron integrated with OJO to provide unique data for cosmos-specific assets, expanding its DeFi offerings. Navigate through the quiet, yet captivating waters of the crypto world in this weekly roundup. Keep reading for a detailed exploration of each update.
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Cardano
Cardano’s Weekly Development Update
This week’s development update for Cardano covers various teams and their progress. The DB Sync team improved the design and integration of Conway with db-sync. The Lace team focused on cardano-js-sdk, working on features such as TxBuilder and Trezor support. The Plutus tools and core teams made enhancements to support BLS built-ins and worked on runtime monitoring for the Marconi sidechain. The Hydra team implemented end-to-end functionality and released version 0.11.0. The Mithril team worked on deployment models, stress testing, and bug fixes. In Voltaire, discussions continued on governance frameworks, and Project Catalyst saw the submission of proposals for Fund10. The Education team planned the Haskell Course and participated in the Marlowe launch event.
Read the latest blog post 👉 here.
Cosmos
A new Consumer Chain — Entry Point
Entry Point, a project aiming to provide benchmark indexes and non-custodial portfolio management in the Cosmos Ecosystem, has written an open letter to the Cosmos Hub community. They propose a long-term partnership with the Cosmos Hub, involving a 2.5 million investment in Entry Point. In return, the Cosmos Hub would receive 10% of ENTRY, significant influence over governance and treasury spending, and 100% of gas fees paid in ATOM.
Read this draft proposal 👉 here and share your feedback.
Introducing the Informal Cosmos Hub’s Developer Call
Cosmos Hub hosts bi-weekly Developer Calls to keep the community updated on ATOM development and discuss various topics. These calls involve multiple teams of contributors and cover important subjects such as testing tools, liquidity module proposals, software upgrades, and more.
Learn more about Cosmos Hub Developer Calls 👉 here.
Welcome Archway to the Interchain
Archway is a Cosmos SDK chain offering a sustainable and incentive-aligned protocol that empowers developers to build, launch, and grow CosmWasm applications.
The Archway Protocol’s Genesis block has been created, marking the launch of a new economy in web3. Archway aims to empower builders in the blockchain industry by enabling them to capture the value they contribute through their applications. Developers can capture a percentage of inflation and gas fees, as well as add a premium to their smart contracts, allowing for various use cases and incentives.
Learn more about the ecosystem 👉 here.
Japanese Stablecoins coming to Interchain
TOKI and Noble have partnered to introduce fully collateralized fiat-backed Japanese stablecoins to the wider interchain ecosystem. This collaboration aims to expand the ecosystem, provide direct access to regulated native Japanese stablecoins, and enable exciting real-world use cases for cryptocurrencies.
Read the full announcement 👉 here and discover what this collaboration unlocks.
Builders Program Project Showcase introduces BlockPI
BlockPI is a distributed multi-chain acceleration layer that aims to improve infrastructure of decentralized Web3 ecosystem. It provides high-performance and reliable RPC services in a decentralized manner, ensuring low latency, robustness, and privacy for users and dApps.
Learn how BlockPI aims to build a scalable and robust RPC service network 👉 here.
Builders Program Project Showcase introduces Apollo
Apollo is building an Asset Management Platform and “Homepage for the Cosmos” that aims to enable users to securely manage their assets on-chain and access the best DeFi opportunities across the interchain.
Find how they enable users to securely manage assets on-chain & to access DeFi opportunities across the interchain 👉 here.
IBC Swap by TFM
TFM introduces IBC Swap, a solution to simplify cross-chain swaps in the interchain ecosystem. It abstracts the complexity of token transfers and enables users to swap tokens from anywhere to anywhere in a seamless interface, reducing the number of transactions required.
Learn how IBC Swap abstracts away complexity from daily user interaction and what the future holds 👉 here.
Kava
Kava 14
Kava 14 introduces an “internal bridge” feature that enables secure asset conversion between Cosmos and EVM ecosystems. It provides a safer alternative to third-party bridging solutions and enhances support for native Cosmos assets.
For more detail 👉 here.
Stargate is coming to Kava
The Kava Origin Foundation proposes launching Stargate on the Kava network, enabling USDT transfers between Kava, Ethereum, Arbitrum, Optimism, Polygon, BNB Chain, and Avalanche. They aim to incentivize the launch with a 2-year grant, a kickoff grant, and monthly rewards. The integration of Stargate will unlock revenue streams and gateways for the Stargate DAO, fostering a thriving ecosystem and increasing value and utilization.
For more detail 👉 here.
Quicksilver
Partnership between Quicksilver and Quasar
Quicksilver and Quasar have formed a strategic partnership to launch the Quasar Index Token (QIT) on the Cosmos ecosystem. QIT will be a liquid-staking index token comprising a market basket of IBC assets. The collaboration leverages Quicksilver’s composable architecture and Quasar’s vault technology.
To learn more 👉 here.
Neutron
Introducing the AEZ Accelerator
As per the passing of Proposal N3, Neutron, LongHashX, and ATOM Accelerator DAO have joined forces to launch the AEZ Accelerator.
LongHashX, a leading Web3 accelerator, has partnered with Neutron and ATOM Accelerator DAO to launch a 12-week program focused on accelerating projects on Cosmos’ Partner Chains. The program aims to provide knowledge, funding, and network support to founders and builders in the ATOM Economic Zone.
OJO Enters Neutron’s Ecosystem
Neutron has integrated with OJO, an intelligent oracle network, to provide unique data for cosmos-specific assets. This collaboration expands Neutron’s DeFi offerings and prioritizes user safety in a volatile market.
Explore the cosmos-specific price data available to projects building on Neutron 👉 here.
Thank you for reading.
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