Last call! If you are in Prague for Gateway, you may want to come to Privacy in Cosmos (happening on June 7th). Save your spot now!
A little bit of chit-chat
Recently, the ibc-go team received a report via Hacker One of a potential security vulnerability impacting IBC connected full nodes. While the impact and likelihood of exploitation are low, depending on the node's architecture, it could potentially result in a high or critical severity vulnerability. All versions of ibc-go are affected, but a patch was released on May 25th at 15:00 CET in various versions.
Skip Protocol has announced the open-sourcing of its Protocol Owned Builder (POB) with a fully open MIT licence, aiming to ensure that no Cosmos chain operates without a Maximal Extractable Value (MEV) solution. MEV is considered the rightful revenue for protocols and their stakeholders, and Skip Protocol believes it should be accessible to all. By utilizing new ABCI++ features, POB introduces a native, top-of-block bundle transaction type. The protocol emphasizes that MEV will be a sustainable source of revenue for appchains, positioning it as a defining factor for the success of protocols that embrace it. Skip Protocol has made the adoption of MEV as easy as possible for interested parties.
How to claim Neutron’s Airdrop?
Here’s a step-by-step guide to claiming the Neutron Airdrop:
Go to launch.neutron.org
Read and agree to the terms and conditions by clicking the "Agree" button.
Click on "Connect Wallet" and select your preferred wallet. In this example, we'll choose Kepler.
You will see your airdrop balance on the screen if you're eligible for the airdrop.
Before claiming, you need to send some Atom tokens from your Cosmos Hub wallet to your Neutron wallet.
Open your Kepler wallet and select Neutron from the dropdown menu of chains.
Copy your Neutron wallet address and go to the settings tab in your Kepler wallet.
Ensure developer mode is on (if it's off, switch it on).
Return to your Cosmos Hub wallet and scroll down to find the IBC transfer option.
Click on "Transfer," select a chain, and create a new IBC transfer channel.
Set the destination chain as Neutron and enter "Channel-569" as the channel ID.
Save the channel, select it from the dropdown menu, paste your Neutron wallet address as the recipient, and choose the amount of Atom to send.
Approve the transaction and wait for your Atom balance to appear in your Neutron wallet.
Once you have your Atom tokens in your Neutron wallet, go back to launch.neutron.org
Click on the "Claim" button, approve the transaction using Kepler, and wait for it to process.
Congratulations! You have successfully claimed your Neutron airdrop tokens.
Note that the airdrop tokens are vested over a three-month period, and you have three months from the airdrop launch date to use them.
Privacy in full swing
Namada is working towards closer collaboration with both Zcash and Osmosis. Namada plans to fund privacy-centric research and development projects on Osmosis, jointly supporting them with the Osmosis protocol. The Anoma Foundation plans to coordinate with the Osmosis community to develop a version of the Osmosis frontend which gives users a great UX but performs Namada-shielded actions under the hood, so assets can be kept private at rest and available to be swapped whenever users like.
Namada also seeks to strengthen its ties with the Zcash ecosystem by contributing to its development. They plan to allocate tokens and inflation to benefit the Zcash ecosystem by donating to the Zcash Sustainability Fund or a grants pool. Furthermore, Namada intends to airdrop tokens to current Zcash holders as a gesture of gratitude for their support. In a proposal posted in the Zcash community forum, Namada also expressed interest in collaborating on developing a bridge between Zcash and Namada, allowing for the flow of ZEC to Cosmos and Ethereum, while enabling users to experience proof-of-stake functionality. They are open to research collaborations in private bridging systems and proof-of-stake protocols.
The specifics of these collaborations, including timelines and amounts, are subject to the approval and input of the respective communities.
A radical change
The Stargaze community has proposed a radical shift in the tokenomics of STARS to address the challenges of high inflation and stagnant price movement. The proposal includes a one-off emissions cut event in July 2023, reducing emissions by 60%. This would lower annual emissions from approximately 667 million STARS to 267 million STARS, resulting in a drop in the inflation rate from 33% to 11%. Additionally, the max supply of STARS would be reduced from 4 billion to 3 billion, aiming to stimulate positive price movement and attract artists, NFT traders, and investors.
To enhance the efficiency of the Stargaze ecosystem, the proposal suggests redirecting token emissions from the overfilled Community Pool towards staking and other activities. An annual budget will be established to shrink the Community Pool size and distribute funds back to the community. The allocation of rewards will also be adjusted, providing stakers with a net yield of approximately 8%. Furthermore, an NFT-DeFi SubDAO will be created to coordinate the launch and incentivization of new NFT-DeFi features, ensuring alignment with market conditions and community interests.
The proposal also recommends changes to the FairBurn mechanism, including total burning of NFT listing fees and a 50/50 split between stakers and burning for Stargaze Name minting fees. These adjustments aim to prevent further inflation and promote value creation. Overall, the proposed tokenomics changes seek to create a sustainable and thriving ecosystem, attracting participants while accelerating the achievement of the project's long-term goals. By implementing these changes, the Stargaze community aspires to revitalize STARS and foster a dynamic environment for artists, NFT traders, and investors.
Airdrops
Wrap Up
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