A little bit of chit-chat
If you want to get timely updates or share your ideas about the Cosmos SDK development, now you can do so on the GitHub Discussions here
In less than four months, Noble has issued $160M worth of Cosmos-native USDC, ranking above popular ecosystems such as Polkadot, NEAR, Optimism and Celo.
PSS!
The Elys Network and Aether are the first two protocols to utilize Partial Set Security (PSS), an update in the Cosmos Hub to offer a more flexible Interchain Security service.
What do these new consumer chains do?
Elys Network introduces a multi-token staking and lending model to generate passive income alongside a unique PerpDEX that integrates a profit-taking price feature to mitigate underfunding during cascading liquidations.
Aether, focusing on extending ATOM's utility through adapting popular Ethereum products, aims to increase ATOM's market fit within the Cosmos Ecosystem by launching as a consumer chain utilizing PSS.
How does Partial Set Security work?
Partial Set Security represents a shift in how consumer chains can secure themselves within the Cosmos ecosystem. Unlike the existing model, which mandates the involvement of the entire validator set of the Cosmos Hub for consumer chains, PSS introduces a more flexible approach. It allows consumer chains to select their desired level of security and validator participation, reducing the operational burden on validators and enabling chains to scale their security needs according to their Total Value Locked (TVL). This model also permits a permissionless or "permission-lite" launch of consumer chains, significantly lowering the barrier to entry.
Modular Thread
Wrap Up
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