Cøsmos Network: Gravity DEX testnet competition is on, 18.55M ATOM were delegated to 65 Cosmos Hub validators, How IBC creates value for the Cosmos, IBC is now live on Akash, Sentinel initiates bandwidth sharing on the IBC testnet, Secret Binance Smart Chain Bridge is live on testnet, Injective partners with UMA, Bytom collaborates with Polygon, and more!
Biweekly update on Cosmos ecosystem vol. 47, 21st April — 5th May
Greetings, Space Cowboys and Astronaut Girls!
These two weeks have gone so fleetly! So here is our fresh issue of ‘Cosmos ecosystem biweekly’ — Paradigm’s traditional report which covers various topics from projects’ development updates, governance proposals, collaboration news, interviews, and more!
As you probably know, last month, Tendermint acquired DeFi liquidity innovator B-Harvest, creator of Gravity DEX, the first interchain decentralized exchange created for the Cosmos Hub. Gravity DEX enables trades between any two Cosmos tokens — a $90 billion market including ATOM, BNB, LUNA and CRO — or any tokens beyond the ecosystem. Built with the Inter-Blockchain Communication, Gravity DEX will enable permissionless, trustless exchange of digital assets throughout Cosmos and other blockchain networks while integrating liquidity pools across dozens of protocols efficiently with its Equivalent Swap Price Model (ESPM) Automated Market Maker (AMM). The next phase of the Gravity DEX rollout includes a weeklong testnet competition for traders, arbitrageurs, and bug bounty hunters to earn prizes totalling more than $200,000 in ATOMs and 10 sponsored tokens from the Cosmos ecosystem. The competition runs from May 4 to May 11 with prizes awarded by May 18. Each participant will receive testnet tokens totalling 10,000 USD in ATOMs and 10,000 USD each in 3 randomly selected assets from the Cosmos sponsors and other Ethereum tokens. As of May 1st, over 25,000 users have registered for the incentivized testnet! Help bring interchain DeFi one step closer to Cosmos!
Cosmonauts, if you’ve ever wondered how IBC creates value for the Cosmos Hub, the team just published a deep dive article in their blog. A must-read!
Also, the review process for the applications received under the Tendermint’s delegation program has been completed. 18.55M ATOM were delegated to 65 Cosmos Hub validators who have added tremendous value to the growth of Cosmos.
As for the Cosmos ecosystem news: Akash was the third Cosmos chain to enable IBC transfers and the second one to connect to the Cosmos Hub. Moreover, you can now play Minecraft on Akash. Since May 3rd, Sentinel’s bandwidth sharing is available for testing on the Cosmos IBC testnet. Yieldwatch integrated Band Protocol oracles to power smart DeFi dashboard on Binance Smart Chain. Chainlink VRF is now live on Binance Smart Chain, bringing verifiable randomness to BSC developers. The Secret BSC Bridge has launched on testnet. IRIS Foundation announced a new Ecosystem Development Program. Injective partners with UMA to launch innovative synthetic products. Bytom collaborates with Polygon to empower the cross-chain and DeFi on more blockchains. Bluzelle Roadmap Update — 2021 was published. Terra’s April 2021 community update is here. Crypto.com becomes the first cryptocurrency exchange to announce global travel rule AML compliance using CipherTrace traveler. Kava Labs introduced the Kava SAFU fund. The Cobalt Upgrade launched in the Oasis Network April 28th. A new Oracle Analytics Cloud innovation was announced. BitSong’s Delegation Program round 2 is ongoing. Community interview on Regen Network with Gregory Landua is out. THORChain’s monthly Treasury Report was published. And more!
That’s all for today! Stay in the loop!
Development
Github metrics:
Gravity DEX Testnet Competition, Mainnet Launch on Cosmos Imminent
Tendermint has acquired DeFi liquidity innovator B-Harvest, creator of Gravity DEX, the first interchain decentralized exchange created for the Cosmos Hub. Gravity DEX enables decentralized trading between any two Cosmos tokens — a $90 billion market that includes ATOM, BNB, LUNA, and CRO — or any of the galaxy of tokens beyond the Cosmos ecosystem.
Built with the Inter-Blockchain Communication (IBC), Gravity DEX will enable permissionless, trustless exchange of digital assets throughout Cosmos and other blockchain networks while integrating liquidity pools across dozens of protocols efficiently with its Equivalent Swap Price Model (ESPM) Automated Market Maker (AMM). The launch of Gravity DEX is a fundamental step in enhancing blockchain interoperability within the Cosmos ecosystem.
The competition runs from May 4 to May 11 with prizes awarded by May 18. Each participant will receive testnet tokens totalling 10,000 USD in ATOMs and 10,000 USD each in 3 randomly selected assets from the Cosmos sponsors and other Ethereum tokens.
During the competition, participants can:
- Deposit tokens into pools to earn rewards
- Trade tokens with the aim of maximizing their return
>25,500 players will now be competing for a $200k pool prize in the first ever trading testnet for the Cosmos interchain DEX.
Head over to gravitydex.io to swap, pool & arb with the best in the space.
Korean Guide | Chinese Guide versions
Deep Dive: How Will IBC Create Value for the Cosmos Hub?
Whether you’re familiar with Cosmos or looking to find out more, one of the first terms you’ll run into is IBC (Inter Blockchain Communication). Of the industry-leading developer tools that make up the Cosmos tech stack and enable its expanding ecosystem, IBC is the biggest game-changer of all.
So, what exactly is IBC and why is it such a big deal? Perhaps more importantly, how will it create value for the Cosmos Hub and its native ATOM token?
18.55 Million $ATOM were delegated to 65 Cosmos Hub validators who have added tremendous value to the growth of Cosmos.
Cosmos Governance
Proposals:
#45 Community Fund Governance Proposal For Gravity DEX Incentivized Testnet Prize Pool PASSED
This governance proposal is to ask Atom delegators to allow the spending of 5,000 Atoms for the Gravity DEX Incentivized Testnet (Trading Competition) from the Cosmos Hub Community Fund. By voting Yes, the voter agrees to send 5,000 Atoms from the community fund to the multisig address which is controlled by 4 multisig committee members, who will distribute the Atoms to the competition winners.
#46 Prop 34 Continuation Proposal IN THE VOTING PERIOD
The Cosmos community approved Proposal 34 on 2021–01–20 allocating 129,208 ATOM to implement a comprehensive ATOM marketing plan executed in collaboration with key community stakeholders. Proposal 46 is requesting an extension of the time allowed to spend the approved budget and allocate existing funds for additional ATOM-focused priorities.
Awareness and social encounters
Cosmos HackAtom is Coming to Ho Chi Minh City
Cosmos and KryptoSeoul present their first in-person hackathon in Southeast Asia. This time, they’re bringing the Cosmos HackAtom to HCMC, Vietnam. For 72 hours straight, the HackAtom will host Vietnam’s best hackers in the Propzy Innovation Hub. Teams will compete to take home a piece of the $10,000 prize pool worth of ATOMs, rewarded to the best teams that build Interchain-compatible applications.
Apply here: HackAtom HCMC
- Registrations close on May 16, 2021
May 24–27: Consensus 2021 by CoinDesk:
Finance
Information from Mintscan.io:
Cosmos Markets
Information from Coinmarketcap.com:
Information from Coinlib.io:
Top Cosmos Ecosystem Coins by Market Capitalization:
Ecosystem updates
Akash Network:
- Akashcraft: Minecraft on the First Decentralized Cloud
- The team we’ll be relaunching the Akashcraft competition on May 8 at 9AM PST / 4PM UTC
- Akash MAINNET 2 Update: April 29, 2021
- Akash Network Partners with CertiK
- Akash Network Partners with HashQuark, the World’s Largest Staking+ Service Provider
Agoric:
- Incentivized Testnet: Phase 1 Recap: Last month Agoric launched their incentivized testnet. Now they share the story of 150 validators grinding through Phase 1 to deploy their nodes, test the network, and win prizes for their deployment and monitoring tools
Band Protocol:
- Band Protocol April 2021 Community Update: This month they cover the Google Cloud integration, upcoming BandChain Phase 2 (Laozi) upgrade, IBC support, Standard Dataset enhancements and seven partnership developments.
- Yieldwatch Integrates Band Protocol Oracles to Power Smart DeFi Dashboard on Binance Smart Chain
- Graviton Partners With Band Protocol For Secure Inter-Chain and Price Oracles
- ICONFi to Integrate Band Protocol Oracles and BAND Staking Into Digital Asset Saving Platform
Binance (BSC):
- Binance Bridge V3 Release
- Chainlink VRF is Live on Binance Smart Chain, Bringing Verifiable Randomness to BSC Developers: Chainlink VRF provides BSC developers with access to a tamper-proof, cost-efficient, and a verifiably fair source of on-chain randomness, backed by cryptographic proofs and leading academic research.
- Bringing DeFi and NFT applications to mainstream users on Binance Smart Chain Extension Wallet with Torus Key Infrastructure
- BSC Grants Spotlight: xDeFi
- BSC Grants Spotlight: Meta Universe by Nash
- BSC Grants Spotlight: BCTO | PentaLaunch
- BSC Grants Spotlight: Meta Network (Matataki)
- Find the latest BSC news here.
Bluzelle:
-BSC Support — Developers on BSC will be able to used Bluzelle DB on Mainnet
-NFT Support — It ensures that when Bluzelle-certified NFT’s are purchased/transferred, their content is always available.
Bytom:
- MOV SUP Coin Burn(April)
- Bytom Foundation has completed the buyback and coin burn of SUP for MOV SuperTx trading fees this month.
- Bytom Weekly Report (2021. 4.26–2021.4.30)
- IEEE Identity Key Management Working Group (Fifth Meeting)
- Recap of Bytom CEO Lang Yu at IEEE C/BDL Standard Committee Plenary Meeting 2021
- Bytom X ZKSwap Jointly Build Technical Ecosystem to Promote DeFi Application
- Bytom X Polygon Empower the cross-chain and DeFi on more blockchains
- Bytom Coin Burn Plan 2020 Finished
- Bytom 3nd Anniversary: The Past, Present and Future
- Bytom announces the release of Bytom 2.0.0-alpha as the first step of the BTM 2.0 upgrade:
Crypto.com:
- Crypto.com: April 2021 Updates
- Crypto.com Becomes the First Cryptocurrency Exchange to Announce Global Travel Rule AML Compliance Using CipherTrace Traveler
- Crypto.com Tax Introduces New Features
- Crypto.org Chain Celebratory Launch Campaign Results
- Crypto.com App Lists Rarible (RARI), BakeryToken (BAKE), Audius (AUDIO), Reserve Rights (RSR), Helium (HNT), Venus (XVS), Axie Infinity (AXS), Ampleforth Governance Token (FORTH), Terra (LUNA), THORChain (RUNE)
- ENJUSD, LINKUSD & UNIUSD Perpetual Contracts are Now Available on the Crypto.com Exchange
- Crypto.com DeFi Wallet Now Supports Polkadot (DOT)
- Crypto.com DOGE Treats Extravaganza Weekly Winners
- Live Video AMA with Stephen Tse, CEO of Harmony Protocol on Crypto.com Official YouTube & Facebook
Injective
- Injective: April 2021 Update
- Injective Partners with UMA to Launch Innovative Synthetic Products
- INJ is Listing on Gemini
- Injective’s Novel Trezor Integration: Adding EIP-712 Support for all Ethereum Applications
- Injective Partners with Klaytn to bring Decentralized Trading to Millions of Users
IRIS Network:
-The Application Ecosystem Support Plan
-Eco-Development Funds Community Management Plan
-The Validator Reward Program
-Technology & Community Grant Programs
Oasis:
- New Upgrades Let You Build More Powerful DApps: The Cobalt Upgrade launched in the Oasis Network April 28th.
- Bringing ROSE to the BoringDAO Multi-Chain Ecosystem
- THE GENESIS OF THE OASIS FOUNDATION
Oracle:
- Announcing new Oracle Analytics Cloud innovations: Automating the analytics workflow to help users predict outcomes through richer interactions with data.
- CDC Study Underscores the Critical Need for Real-World Data in Medicine: Researchers use patient data in the Oracle-developed v-safe system to understand the impact of COVID-19 vaccinations on pregnant people.
- Hellenic Life Puts Customer Experience First with Oracle: Cypriot life insurer chooses Oracle Insurance to drive operational efficiencies and provide more streamlined services to customers.
- Kaiser Permanente Transforms HR with Oracle Cloud: Healthcare industry giant streamlines HR and improves the employee experience for its 220,000+ workforce with Oracle Cloud HCM.
- Tanium Adds Oracle Cloud Infrastructure to its Multi-Cloud Strategy: Oracle’s next generation cloud infrastructure bolsters Tanium-as-a-Service with built-in security and high availability for the mid-market.
- Announcing Oracle Enterprise Manager 13c Release 5: Oracle Enterprise Manager 13c Release 5 represents major breakthroughs in monitoring and management automation for Oracle environments.
- More than 400 organizations move to the cloud with Oracle SOAR: Oracle works directly with customers to accelerate migrations to the cloud via Oracle Consulting.
- Small and Mid-Sized Universities Continue to Adopt Oracle Cloud to Improve Operations: HESS Consortium Collective standardizes on Oracle Fusion Cloud Applications to help more than 50 member universities and colleges save money and boost efficiency.
- Sustainability at Oracle — A Conversation with Jon Chorley
Polygon (previously Matic)
- Project Spotlight: Polymarket — The Biggest Decentralized Prediction Market in Blockchain
- Counter-Propaganda Memetic Patches | Hybrid Digital-Physical Fashion NFT Drip Launch: DIGITALAX has teamed up with Polygon to launch the first real hybrid digital and physical fashion line, with memetic proof of uniqueness.
- Polygon: The Eco-Friendly Blockchain Scaling Ethereum
- The #DeFiforAll Fund: a 150M$ DeFi fund
- DIGITALAX x POLYGON Taking On Fashion, Sustainability & Mass Adoption w/ The First Real DigiFizzy Fashion Line
- Continuing Polygon DeFi Summer with 5 Million+ USD in Liquidity Mining rewards for the Curve Polygon markets
Secret Network:
- Secret Binance Smart Chain Bridge is Live on Testnet: The Secret BSC Bridge has launched on testnet
- Arrington Capital, Blocktower Capital, Spartan Group, Skynet Trading Acquire $11.5M Position in SCRT
- SCRT is Now Available on Binance Smart Chain: SCRT is now available on Binance Smart Chain, allowing users to utilize SCRT as a BEP20 within the BSC DeFi ecosystem
- Announcing the Secret Fellows Developer Program: The team introduces Secret Fellows, a program for developers interested in building dApps and tooling for Secret Network in return for competitive compensation and mentorship.
Sentinel:
- Sentinel Initiates Bandwidth Sharing on the Cosmos IBC Testnet: since May 3rd bandwidth sharing is available for testing on the Cosmos IBC testnet
- Sentinel and StrongBlock Partner to Increase dVPN Availability and Utility: Blockchain entrepreneur Roger Ver shares support of growing decentralized VPN network
Projects that are actively building on the Cosmos ecosystem
MISC
- What is coming next? wenmainnet.com
- ATOM MEME competition winners:
- Research report on Cosmos:
Social media metrics
Cosmos community continues to grow! There is a stable increase in the number of subscribers of Cosmos social media channels these weeks.
Join Cosmos official Discord channel here.
Check out Tendermint and Interchain Foundation Twitter pages.
There are also Community-managed Channels. These channels are managed entirely by members of the Cosmos community and do not represent official Cosmos or ICF announcements.
Cosmos Validator Working Group
This is not financial advice.
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Medium. Twitter. Telegram. Telegram Chat. Reddit. LinkedIn.
Main sources
Tendermint media
Interchain Foundation media
Ecosystem projects’ social media
