A little bit of chit-chat
The Cosmos community is considering a proposal to increase the validator set size on the Cosmos Hub. Currently set at 175, this has created obstacles for many community validators. The proposed solution suggests raising the validator set to 180, with the option to evaluate its impact and potentially allow more validators in the future. Currently, the validator set size stands at 175, with the last validator having an impressive 113K Atom delegated to them, equivalent to a staggering 1.2 million USD worth of Atom. This requirement has prevented numerous community validators from participating in validation on the Hub. If approved, the impact of this proposal will be analyzed, allowing the community to decide on further expansion if necessary.
A good line of reasoning for voting down the proposal was put forth by Informal Systems on their Twitter feed, stating that “It's essential to carefully consider the implications and ensure a safe transition to the ICS era before the expansion. We believe it's important to prioritize smooth operations for current Replicated Security infrastructure providers before introducing new validators.”
The Allocator is alive
Some pieces of the ATOM 2.0 paper will come to life with the recently announced project TimeWave. The project led by Sam Hart and Max Einhorn introduces tools like the Rebalancer, Covenant System, and Interchain Allocator to enhance cooperation, streamline financial transactions, and foster partnerships among decentralized organizations.
The Rebalancer acts as a portfolio manager, enabling diversified and sustainable asset management for blockchain communities. At the same time, the Covenant System simplifies negotiations and facilitates secure token swaps, encouraging collaborative efforts. Meanwhile, Interchain Allocator empowers decentralized organizations to leverage tools for productive partnerships and aligned incentives.
Stride, a potential consumer chain within Cosmos, will be one of the first beneficiaries, leveraging TimeWave for liquidity injections from the Cosmos Hub.
Welcome, OP Stack
Celestia is enabling the integration of the OP Stack with Cosmos. Developers can seamlessly incorporate the OP Stack into the Cosmos ecosystem using the Celestia Modular architecture.
Since its announcement, the OP Stack has gained substantial popularity among rollup developers, providing a comprehensive framework for creating new rollups. Modular infrastructure providers such as Caldera and Conduit have embraced OP Stack to enable developers to launch their rollups swiftly. At the core of OP Stack's vision lies modularity, allowing developers to swap out different components and integrate diverse blockchains.
In Ethereum, Optimism, the creator of the OP Stack, has the second-largest market share among L2s, with over 19%. The OP Stack was launched in late October 22nd, and since then, Optimism TVL has increased 14%, reaching a peak with a 50% increase last April.
Airdrops
Wrap Up
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