Conferences, Testnets, Community Support, and More.
Watch Co-Founder Joe Bowman at the Gateway to Cosmos ⚛️
Quicksilver Co-Founder Joe Bowman presented the Quicksilver Zone at the Gateway to Cosmos Conference and Hackathon last week. Expanding on the technology behind the protocol, Joe explained the mechanisms behind how Quicksilver will bring Liquid Staking to you. Watch his presentation at 8:00:00 here:
Hear Co-Founder Roea Mortaki on the Cosmos Ladies Twitter Spaces 🐦
Co-Founder Roea Mortaki went live on Twitter Spaces with the Cosmos Ladies last Friday, talking not only about Quicksilver, but also the team building the protocol. Roea discussed Quicksilver’s value proposition and how it relates to Web 3, the importance of decentralization and community, and why fostering an inclusive workspace and industry is paramount. Listen to the full chat here: https://twitter.com/i/spaces/1mrGmaYBzjVGy?s=20
A Quick update on Rhapsody 🎙️
It has been 3 weeks since Rhapsody, our first public testnet, went live. After expanding the active validator set twice, Rhapsody currently has 300 active validators, over a total of 464 validators, and has produced 300,000 blocks.
An Update on Terra 🌔
After UST depegged from the US dollar earlier this month, the Terra blockchain suffered innumerable consequences. After halting the blockchain to prevent further attack vectors, a chain of events unfolded across the blockchain ecosystem. Here are some of the reverberations felt in the Cosmos.
The Juno community rallied behind Lunatics, creating and passing a proposal to fund Terra developers with $78 million with the purpose of building their projects on Juno.
To prevent a possible attack vector into the $66 million OSMO/UST liquidity pool, a series of proposals went out to protect these assets. Proposal 226 allowed for the depooling of UST pools in an emergency upgrade. Proposal 227 removed incentives from all Terra pools to prevent the further draining of assets. Proposal 228 passed an emergency upgrade to execute the aforementioned steps as quickly as possible. Finally, Proposal 230 reallocated removed incentives to Osmosis’s community pool. The proposal states these funds will help maintain the community pool well funded during times of market uncertainty.
Proposal 1299 on Terra station proposed and passed re-enabling the IBC bridge between UST/Luna and DEX’s on Cosmos, allowing users to move these assets around once more.
Zooming out from the Cosmos, Lunatics have put forth a proposal on Terra to create a new Terra chain. Should it pass, a Terra 2.0 would be created— one without an algorithmic stablecoin. The existing blockchain would be renamed Terra Classic. LUNA, which would become LUNC, and UST token holders, as well as core Terra devs, would be airdropped the new version of LUNA.
Agoric’s New Stablecoin 💲
The Agoric team will be rebranding their IBC native stablecoin from RUN to the Inter Stable Token (IST). IST will be used as the native fee token on Agoric, as well as provide core functionality for the protocol. This token will be backed by ATOM and other interchain assets, and will be pegged to the USD. It will inherit the benefits of IBC, meaning it will be able to seamlessly interact with all protocols across the Cosmos.
Stargaze is shining Bright 💫
Stargaze launched a beta version of its marketplace on Monday, featuring 0 gas fees and a new UX. With the audited marketplace going live in July, Stargaze has already reached 4.7 million transactions.