Cosmos News /// by ZKV #119

Alpha from the Hub

A little bit of chit chat

Osmosis has launched 1-Click Trading, powered by Smart Accounts, which simplifies trading by eliminating the need for repeated wallet approvals. Smart Accounts, enabled by passing proposal 796, allow for transactions to be authenticated through various methods rather than signing with a private key each time. Users can start a 1-Click Trading session when connecting their wallet, enhancing security and ease of use for DeFi trading.

Some Alpha from the Hub

In a recent interview on the 0xResearch Podcast, Cosmos Hub Product Owner at Informal Systems Jehan Tremback dropped some interesting comments about the Hub’s vision for the future, particularly in rollups and Mega Blocks.

According to the interview, Rollups, which have not yet been fully announced, are being integrated to offer developers the option to launch on the Hub without needing a full Appchain. These rollups, built with the Cosmos-SDK, provide seamless IBC connectivity and enable teams to scale up to an Appchain if they require enhanced functionality later.

On the other hand, Mega Blocks represent another innovation aimed at combining the benefits of asynchronous and synchronous interoperability. While asynchronous interoperability via IBC is valuable, synchronous interoperability, like ETH L1 or Solana, has unique advantages. The Mega Blocks initiative, now part of the broader Rollup project, explores a shared sequencer model to bring these capabilities together, enhancing the Hub's interoperability.

As a final note, Jehan reaffirmed the Cosmos Hub thesis on becoming the premier destination for launching chains. It offers an easy way to launch a consumer Appchain, find a validator set, and secure sufficient security. With additional services like airdrop facilitation, liquidity bootstrapping, validator support, and DeFi integrations, the Hub, according to Jehan, is set to provide maximum value to its consumer chains.

Consumers showing up

A recent proposal on the Cosmos Hub forum outlines a plan to onboard Picasso as a consumer chain using Permissioned Shared Security (PSS). Picasso's main purpose is to develop Cross-Ecosystem Inter-Blockchain Communication (IBC), which extends IBC standards to connect various blockchain networks, including Solana, Ethereum, Polkadot, and Kusama.

The proposal emphasizes that Picasso will operate as an opt-in consumer chain, allowing validators to choose their level of participation. According to the proposal, validators choosing to secure the Picasso chain will receive 20% of PICA staking rewards and 20% of IBC fees generated on the network. On the other hand, it will use ATOM as the gas fee and AEZ as the capital/liquidity token. Additionally, a proposed plan is to reduce IBC fees for ATOM-related bridging to encourage usage and liquidity flow.

An Interchain fun fact