A little bit of chit-chat
For the first time after the Terra crash, Osmosis achieved $1.1 billion in monthly volume alongside a Total Value Locked (TVL) of $200 million. This marks the eighth occasion that Osmosis has surpassed the $1 billion monthly trading volume threshold.
Airdrops are back
Over the past few weeks, the Cosmos ecosystem has received multiple airdrops from projects that are launching soon, after a relatively low period of airdrops. Below are some of the ongoing airdrops:
Dymension (DYM)
Dymension, is set to launch its mainnet, introducing its native asset, DYM, integral to its ecosystem that includes a range of RollApps. As part of its launch, Dymension is initiating the "Season 1: Genesis Rolldrop," planning to distribute a significant 70,000,000 DYM, which is 7% of the total supply. This airdrop aims to incentivize and engage various stakeholders, including ATOM, OSMO and TIA stakers.
Following the Genesis Rolldrop, Dymension has outlined a subsequent incentive program targeted at users who bridge assets to its network. This program, pending governance approval, proposes to allocate 2,500,000 DYM to participants. Users can bridge whitelisted tokens to Dymension and have the option to lock these tokens for rewards, which are immediately unlockable at any time. The DYM rewards earned through this process will be directly delivered to the users' accounts.
You can check the eligibility here
Saga (SAGA)
Saga has detailed its airdrop eligibility criteria for the broader community, following a successful "Play-to-Airdrop" campaign during the Christmas season. In a strategic move to recognize and reward loyalty and active engagement in partner communities, Saga has set unique criteria for its airdrop participants. Members of the ATOM, Celestia, Polygon, and Avalanche communities, who have demonstrated their commitment through staking or bridging activities, will be eligible for the $SAGA airdrop, with additional loyalty bonuses for increased stakes or longer durations.
Eligibility tool, coming soon. Read the official post here
Kicking off the year
Hey there,
We're excited to kick off the new year by sponsoring ZK Hack!
Here is a TL;DR about the event:
Who is this for? ZK Hack is an ideal entry point for anyone interested in learning about ZK. You need some basic knowledge, but the dynamic of the event will help you get up to speed quickly.
What’s the format? This is an online event and is spread out over 4 sessions, each happening every Tuesday from Jan 16th to Feb 6th. You will get workshops and puzzle-solving competitions.
Is there any extra stuff? Yes! You can find your next job at the Jobs Fair at the end of the last session.
How much does it cost? It’s FREE!
If this sounds exciting to you, join us! Just click the button below to sign up.
Scaling
A proposal was recently passed to adjust economic parameters to support network scaling and provider incentives on Akash Network. With the Akash GPU marketplace having grown significantly, hosting over 160 GPUs and managing a comprehensive range of AI workloads, the network faces the challenge of scaling effectively. To address this, the proposal will increase the community pool tax from 25% to 40%. This increase is intended to bolster the community pool, ensuring it has adequate funds to support incentives for both providers and tenants, crucial for the network's expansion.
Additionally, the proposal includes raising the inflation rate from 8% to 13%. This change aims to offset the economic impact of the higher community pool tax on validators and stakers, maintaining the attractiveness of securing the network. The actual effect of these proposed changes on the network's inflation and staking APY will depend on overall staking behaviors within the network.
Wrap Up
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In the meantime, feel free to follow us on Twitter zkvalidator and visit our website to stake with us.