Blockchain Weekly Digest — June 17th, 2024
StakeWise Collaborates with MetaMask to Launch Pooled Staking, Revamped Babylon x Cosmos Hub ADR, Cosmos Hub May 2024 Update: Gaia Upgrades & Interchain Security Enhancements, and Cardano Weekly Development Update.
The Blockchain Weekly Digest highlights key developments: StakeWise partners with MetaMask to launch MetaMask Pooled Staking, allowing ETH staking directly from wallets outside the US and UK, integrating StakeWise’s modular architecture for enhanced user experience. Cosmos Hub plans to upgrade security with Babylon’s CosmWasm contract, integrating Bitcoin security to become a Bitcoin Layer 2 launchpad, pending governance approval. Significant updates on the Cosmos Hub include Gaia v16, v17, and v18 with IBC enhancements, ICS 2.0, and permissioned CosmWasm, alongside Hydro for liquidity governance. Cardano’s weekly update reports advancements in Ouroboros protocols, Lace wallet integrations with Banxa, and updates to smart contract security with Hydra, with ongoing community discussions in Project Catalyst. 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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Ethereum
StakeWise Collaborates with MetaMask to Launch Pooled Staking
StakeWise has partnered with MetaMask to launch MetaMask Pooled Staking, enabling users to stake any amount of ETH directly from their wallets. Initially available outside the US and UK, this integration uses StakeWise’s modular architecture for a seamless and secure staking experience. The partnership enhances user experience by configuring and deploying a dedicated staking Vault. Additionally, StakeWise offers optional access to liquidity and DeFi protocols through osETH, aiming to expand collaborations with node operators, wallets, exchanges, and custodians to streamline Ethereum staking worldwide.
Check it out the post 👉 here.
Cosmos
Revamped Babylon x Cosmos Hub ADR
The Babylon x Cosmos Hub integration aims to enhance security by incorporating Bitcoin security into the Cosmos Hub using a new CosmWasm contract developed by Babylon, eliminating the need for Slinky. The integration, pending governance approval, will initially not offer inflation rewards for Bitcoin delegators. This upgrade positions the Hub as a prominent Bitcoin Layer 2 launchpad, attracting significant community interest. ICS consumer chains will adopt Babylon’s security model, with ATOM securing the primary validator set and finality providers adding extra security. Testing will occur on the Cosmos Hub testnet connected to Babylon’s Euphrates devnet, with a future governance proposal to activate the Babylon contract on the Hub. The dual quorum approach offers an optional security layer but is constrained by current IBC limitations. Benefits include attracting Bitcoin L2 launches and no additional workload for Hub validators, while finality providers cannot compromise the Hub’s security directly.
Check it out the forum 👉 here.
Cosmos Hub May 2024 Update: Gaia Upgrades & Interchain Security Enhancements
In May 2024, the Cosmos Hub saw significant updates with the integration of Gaia v16, v17, and v18, along with advancements in Interchain Security (ICS). Gaia v16 enhanced IBC with rate limiting, ICA controller, and fee middleware for safer token transfers. Gaia v17 introduced ICS 2.0, enabling consumer chains to opt-in validators and added power shaping for validator flexibility. Gaia v18 started integrating permissioned CosmWasm and a feemarket module for dynamic transaction fees, with expedited governance proposals planned. Additionally, a new feature allowing inactive Hub validators to validate consumer chains was developed, boosting network participation. The launch of Hydro for liquidity governance allowed ATOM holders to influence liquidity deployments across projects. Security was bolstered through power mixing and integrating Babylon for Bitcoin security. These updates aim to enhance security, governance efficiency, and economic growth on the Cosmos Hub.
Check it out the blog post 👉 here.
Cardano
Cardano Weekly Development Update
The weekly development report highlights key progress across several areas of Cardano’s ecosystem. The Consensus team made strides on Ouroboros Leios and Genesis, UTXO-HD, and LSM, focusing on addressing technical debt. Wallets and services saw enhanced integration with Banxa, now supporting Apple Pay and Google Pay for easier wallet funding. The Hydra team updated their node for compatibility with cardano-node 8.11-pre, emphasizing smart contract security. Mithril released distribution 2423.0, improving transaction certification and throughput. Ongoing improvements were made to the SanchoNet resources page and Intersect’s roadmap. Project Catalyst’s level 2 community moderation is open until June 20, with Town Hall 166 discussing key topics and advancing the ‘Partners and Real World’ category.
Check it out the blog post 👉 here.
Thank you for reading.
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We aim to decentralize the Proof-of-Stake blockchain ecosystem. We’re highly familiar with the Tendermint-based blockchains such as Cosmos, Kava, Quicksilver; Ethereum and EVM-chains like Harmony; and substrate-based chains such as Cardano. Our global team is continuously improving our automations and constantly monitoring our operations to ensure high availability and resilience.
Our infrastructure is a hybrid of data centers bolstered with Hardware Security Modules (HSMs), and distributed globally at multiple Cloud providers. Our mission is to help provide a sound infrastructure, share toolings and offer foundational services, so that token holders can stake with confidence while the blockchain ecosystems which we support continues to strengthen. We hope you like our contributions into the ecosystems that we support. To find out more about networks that we support, checkout our website below.
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