A little bit of chit-chat
A proposal has been posted on the Cosmos Hub forum to seek the community's opinion on launching Partial Shared Security. If approved after an on-chain vote, the new update will be included in the next software release and will replace the current Replicated Security Framework.
KYVE Network announced its partnership with Celestia, introducing a decentralized solution for managing the chain's historical data. This solution is set to address the challenge of data loss due to node pruning every 30 days, leveraging KYVE's DPoS validator network for validating and archiving data onto Arweave.
Some limits ✋
A proposal has been posted to the Hub community forum seeking feedback on the potential deployment of the IBC Rate Limit module designed by the Hub and Stride Labs. The proposed integration of the IBC Rate Limit module into the Cosmos Hub introduces a technical safeguard intended to mitigate the risks associated with the rapid movement of assets following a vulnerability exploit.
This module employs a rate-limiting mechanism that operates on the Inter-Blockchain Communication (IBC) protocol. The rate-limiting functionality is crafted to restrict the volume of IBC token transfers in a defined time frame, precisely a 24-hour window, thereby providing a critical buffer against the potential for large-scale asset drainage in the event of security breaches.
When the IBC Rate Limit module's threshold is reached, any attempted IBC token transfer resulting in a net inflow or outflow exceeding the predefined limit for a specific channel and token denomination (Denom) within the 24-hour window is automatically rejected. This mechanism ensures that the volume of transferred tokens does not surpass the set percentage of the total token supply, acting as a safeguard against rapid, large-scale asset movements potentially indicative of an exploit.
These limits are defined at a granular level, applying to transactions on a per-channel and per-token basis (ChannelID + Denom granularity). For example, a proposed rate limit could be set for transactions involving a particular token (e.g., uatom) across a channel connecting the Cosmos Hub to another chain, like Osmosis.
The initial proposal includes conservative rate limits, such as:
5% for uatom on Cosmos Hub <> Osmosis (channel-141), translating to a net flow of 19.4 million ATOMs per day.
1% for uatom across several other channels connecting the Cosmos Hub with various other chains (Neutron, Stride, Kujira, Injective, Persistence, Secret)
Each allows a net flow of 3.9 million ATOMs per day.
These limits are designed to be conservative enough to minimize the risk of legitimate user transactions being inadvertently blocked (false positives) while providing an initial layer of protection against the rapid movement of assets that could signal an exploit.
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Osmosis 🤝Astroport
Astroport, a decentralized exchange deployed on Neutron, is set to integrate its passive concentrated liquidity (PCL) pools into Osmosis, the leading Cosmos-based DEX by volume, following successful governance votes by both communities.
This collaboration aims to enhance the trading efficiency and capital utilization for users within the Cosmos ecosystem. PCL pools, designed to offer the advantages of concentrated liquidity without the need for active management by liquidity providers (LPs), will complement Osmosis's existing liquidity solutions.
The integration is mutually beneficial for Astroport and Osmosis, with standard PCL pool fees contributing to xASTRO stakers and a 0.1% fee from trades through Astroport's PCL pools on Osmosis being allocated to the Osmosis community and OSMO stakers.
The deployment represents a landmark cooperation within the Cosmos ecosystem, merging the strengths of Astroport and Osmosis to cater to a diverse range of liquidity providers—from active market makers optimizing supercharged liquidity pools to casual LPs favoring a "set and forget" strategy with PCL pools.
Wrap Up
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