A little bit of chit-chat
March ended on a high for the Cosmos ecosystem. Keplr Wallet reached 500,000 users while the whole ecosystem recorded 4,466,970 transfers, 441,875 more than the previous month. The most active pair was Osmosis/Stargaze with 1,110,435 transfers while the biggest volume pair was Osmosis/Terra with $1,798,885,599. Although the total value of the IBC transfers shrank to $5,072,712,783 from $6,293,571,268 in February.
We continue to update our speaker list for our IRL event, Privacy in Cosmos, Live in Amsterdam on April 15th. Here are a few people who will take the stage:
Zaki Manian from Sommelier
Henry De Valence from Penumbra
Deborah Simpier from Gravity Bridge
Billy Rennekamp from The Interchain Foundation
Federico Kunze Küllmer from Evmos
Sergey Gorbunov from Axelar
Anna Rose from ZKValidator
What will happen to EVMOS? 🤔
The title of this segment is, maybe, one of the most popular questions across the whole Cosmos ecosystem on social media in the last couple of weeks and now we have an answer.
On The Interop Podcast, Federico Kunze Küllmer, co-founder of Evmos, was asked whether to relaunch or restart the chain from the same point it was halted. Federico confirmed Evmos will restart from block 58,701, a measure that will preserve the entire state of the blockchain.
Sebastien Couture also asked Federico if they would distribute more rewards among community members to compensate for the issues during the launch. This will not happen since, according to Federico, Evmos already increased rewards before the launch and, in his opinion, the token allocation is already fair.
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Liquidity needed 🚰
The Stargaze team is looking to increase liquidity incentives on Osmosis to mitigate the slippage caused by the recent volatility on its token $STARS.
A proposal posted on the community governance forum is asking members to vote on allocating 50,000,000 STARS (~$10,575,000) to the OSMO/STARS and ATOM/STARS liquidity pools on Osmosis. The measure should provide rewards for 180 days. At the time of writing, the proposal had 99.80% of favourable votes, although a quorum had not been reached yet.
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ATOM to Terra 🌉
A proposal on the governance forum of Anchor protocol could make Cosmos Hub’s token $ATOM the fourth token on Anchor’s collateral market.
The proposal is seeking to whitelist bATOM as collateral by bridging sktATOM, the wrapped version built by pSTAKE Finance, to the Terra ecosystem. If passed, this will mark the first DeFi borrowing use case for $ATOM stakers. Under this proposal, users will need to stake their ATOM via pSTAKE to mint stkATOM, an ERC20 based token pegged 1:1 to a native $ATOM being staked on Cosmos, which enables them to earn rewards while maintaining the liquidity of their staked ATOM.
At the time of writing, the proposal only had 4.87% of the possible votes, and 100% of them were positive but the quorum for this proposal, which ends on April 5th, is 10%.
Airdrops List
Surprisingly enough, no important airdrops are coming up this week.
Wrap Up
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