Cosmos News /// by ZKV #79
Next Steps
A little bit of chit-chat
The latest Cosmos Hub v11 update, rolled out on August 16th, introduces several core dependency enhancements and a range of fixes. Notable features in this release include an update of Replicated Security to v2.0.0, a refactored version of the Global Fee module, and the removal of Liquidity module state with forced withdrawal for all pool coins, in line with the goals of Proposal 810. Please note that the Liquid Staking Module is not included in v11, as it is still under development and slated for the next Gaia release (v12).
Next Steps
As the ATOM Accelerator (AADAO) nears the end of its first six-month term on November 12th, 2023, the organization has highlighted its accomplishments along with forthcoming steps forward in a post in the Cosmos Hub forum.
During this time period, AADAO focused on the Tokenomics RFP, which aimed to enhance the ATOM tokenomics and Cosmos Hub governance. After receiving 167 applications, 22 projects were approved and received a total funding of 110,601 ATOM (equivalent to $925K) or which is equal to an average of $92,000 per grant. AADAO established productive partnerships with AEZ Accelerator, Neutron DAO, and Long Hash Accelerator. Their co-funding partnership with the Osmosi Grants Program on Mesh Security opened up potential advancements in shared security across the Interchain. Another initiative, funded by Mystic Labs, aimed to expand Cosmos exposure within the Ethereum community through the Metamask Snaps project.
In the days ahead, AADAO plans to present a signaling proposal outlining their next steps. On December 2nd, 2023, an end-of-term report and vision for mandate renewal will be shared. Subsequently, by December 9th, 2023, a comprehensive spending proposal will be introduced on-chain for a second term.
The Cosmos Merge
A proposal has been put forth by Hadron Labs to merge Duality Labs with Neutron, which could have a significant impact on the DeFi landscape within Cosmos. The proposed integration of Duality's advanced Decentralized Exchange (DEX) module into Neutron aims to streamline operations, enhance liquidity, and improve the overall DeFi experience.
Here are some of the benefits of the proposal according to Hadron Labs:
Reduced Volatility: By seamlessly integrating the Duality DEX module, Neutron can initiate a buyback of NTRN tokens during market downturns and sell them during upswings, curbing the cryptocurrency's volatility.
Enhanced Liquidity: Concentrating liquidity via the shared pools within the Duality DEX module contributes to deeper liquidity and heightened efficiency for trading entities, positively impacting traders and developers.
Strengthened Price Oracles: The decreased fragmentation of liquidity fortifies the security of Time-Weighted Average Price (TWAP) oracles, boosting their reliability for integration with various protocols.
Effective Treasury Management: The integration of the Duality DEX module presents a novel approach to optimize the execution, security, and profitability of treasury funds, thereby enabling more efficient capital management.
Innovative Trading Strategies: Traders on Neutron would benefit from diverse order types, including Good-til-Cancelled, Immediate-or-Cancel, and Fill-or-Kill, ushering in a more professional trading experience.
The integration of the Duality DEX module with the proposed merger of Duality Labs and Neutron has the potential to greatly benefit the DeFi landscape of the Cosmos ecosystem. This move could address liquidity challenges, enhance trading strategies, and improve governance and treasury management. If successful, it could position Neutron as a central player in the Cosmos blockchain ecosystem and offer users a more streamlined and enriched DeFi experience.
Wrap Up
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