Killer Queen, DeFi, and more...
An update on Killer Queen 👑
Quicksilver’s incentivized testnet, Killer Queen, currently has an active validator set of 800, with a total validator set of 1,385. On the user interface portion of the testnet, the team has been receiving many helpful suggestions. We look forward to bringing liquid staking to the Cosmos soon!
For those of you who want to learn more about Quicksilver’s User Interface, Co-Founder Vish Modali will be going live with Cosmos Spaces on Twitter Spaces and Discord to do a walk through of the UI portion of Killer Queen. Stay tuned for more details.
BUIDL on top of Quicksilver 🛠️
Our long-term mission of enabling building Interchain DeFi on top of Quicksilver—numerously communicated about over the last few months—has become more relevant than ever. 20% of Quicksilver’s genesis supply will go to funding projects that wish to use qAssets as base collateral and leverage our cross-chain verification module. Learn more about building on Quicksilver, and what will entail, here.
dYdX is coming to Cosmos ☄️
DYDX, currently a Layer 2 Ethereum derivatives DEX, recently announced its next version, V4, will be built as its own Zone on Cosmos. According to the announcement, dYdX V4 will offer a fully decentralized, offline orderbook and matching engine. The dYdX token will be used as their staking token. Among the reasons for migrating the exchange to the Cosmos is a need for more decentralization and sovereignty.
An Evmosian Update 🪨
Evmos’s Community has taken to both Twitter and Commonwealth to flag validator behavior on the protocol. Some stated that validators were displaying “toxic behavior”, while others are calling for stricter slashing rules for those who are missing block times.
Evmos’s software upgrade went through yesterday, reducing its block time to 2 seconds. The proposal also addressed the remaining airdrop claims, as well as changing the gas refund parameter to only 50%. There are also those who have said that the top 10 validators on dump their earnings daily, sparking controversy across Evmosians and validators alike.
Agoric Unlocked 🔓
Agoric unlocked the first part of its token supply, meaning $BLD will now be able to participate in the wider Cosmos ecosystem. Token holders will be able to earn staking rewards following proposal #6, which passed Monday morning, enabling staking on Agoric.