IanGPT Summary of the Overview of Cosmos by Sam Harts
Sovereign Interoperability:
• Core Concept: Cosmos focuses on "sovereign interoperability," allowing chains to operate independently while still interacting.
• Separation of Concerns: Validators and users are distinct, facilitating governance and community contributions.
• Third-party Verification: Enables transparency and accountability, supported by CometBFT's light client support.
Cosmos Stack Components:
• CometBFT (previously Tendermint): Widely deployed, well-specified, focuses on protocol correctness. Limitations include an inefficient P2P layer.
• Cosmos SDK: Highly flexible, application-specific blockchain framework. Future work focuses on performance and developer experience.
• IBC: Standard messaging protocol for cross-chain interactions. Mature but complex, lacking in dev tools.
• VMs: Include CosmWasm, Ethermint, and Polaris, each with different strengths and developer communities.
Cosmos’ Challenges:
• Documentation: Developer resources are inconsistent.
• Community Support: Difficult to find specialized help.
• Upgrades: Coordinating upgrades is complex in a decentralized ecosystem.
• Marketing: The ecosystem struggles with self-promotion.
Cosmos’ Strengths:
• Community: Active, engaged, and ideologically aligned.
• Specifications: High-quality, rigorous specs.
• Resilience: No single point of failure; ecosystem would survive even even if ICF and Cosmos are "obliterated".
Full Article
Sovereign Interoperability:
• Core Concept: Cosmos focuses on "sovereign interoperability," allowing chains to operate independently while still interacting.
• Separation of Concerns: Validators and users are distinct, facilitating governance and community contributions.
• Third-party Verification: Enables transparency and accountability, supported by CometBFT's light client support.
Cosmos Stack Components:
• CometBFT (previously Tendermint): Widely deployed, well-specified, focuses on protocol correctness. Limitations include an inefficient P2P layer.
• Cosmos SDK: Highly flexible, application-specific blockchain framework. Future work focuses on performance and developer experience.
• IBC: Standard messaging protocol for cross-chain interactions. Mature but complex, lacking in dev tools.
• VMs: Include CosmWasm, Ethermint, and Polaris, each with different strengths and developer communities.
Cosmos’ Challenges:
• Documentation: Developer resources are inconsistent.
• Community Support: Difficult to find specialized help.
• Upgrades: Coordinating upgrades is complex in a decentralized ecosystem.
• Marketing: The ecosystem struggles with self-promotion.
Cosmos’ Strengths:
• Community: Active, engaged, and ideologically aligned.
• Specifications: High-quality, rigorous specs.
• Resilience: No single point of failure; ecosystem would survive even even if ICF and Cosmos are "obliterated".
Full Article
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dYdX Investor looking to sell their tokens ahead of chain launch 👀
Tranche: $1m+
Valuation: Negotiable, discount to spot
Special notes: Locked tokens
Source
Tranche: $1m+
Valuation: Negotiable, discount to spot
Special notes: Locked tokens
Source
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Potential Exploit going on at Stake.com
- looks like it got drained
https://twitter.com/peckshield/status/1698697721342042621
- looks like it got drained
https://twitter.com/peckshield/status/1698697721342042621
X (formerly Twitter)
PeckShield Inc. (@peckshield) on X
Hi @Stake, you may want to take a look: https://t.co/qtoTeXpXWE
Ian's Intel
Potential Exploit going on at Stake.com - looks like it got drained https://twitter.com/peckshield/status/1698697721342042621
X (formerly Twitter)
🚨 Cyvers Alerts 🚨 (@CyversAlerts) on X
🚨ALERT🚨Our AI-powered system has detected multiple suspicious transactions with @Stake.
https://t.co/0ZoMITOyF5 address received about $16M in $ETH $USDC $USDT and $DAI
All the stable coins are converted to $ETH and distributed to different EOAs.
FYI:…
https://t.co/0ZoMITOyF5 address received about $16M in $ETH $USDC $USDT and $DAI
All the stable coins are converted to $ETH and distributed to different EOAs.
FYI:…
My latest report just dropped on Blockcrunch:
Amongst the CEX-backed L2 solutions that have recently launched, a clear victor emerges (at least for the moment). Base captured attention recently by flipping both Arbitrum and Optimism in activity and fees generated, thanks to the OnChainSummer Campaign and Friend Tech.
The report covers:
⁍ Base's background & architecture
⁍ The OP Stack & Superchain
⁍ Base metrics
⁍ Friend Tech & its impact on Base
⁍ Top 3 proxies to a $BASE token
https://blockcrunch.substack.com/p/all-about-that-base-behind-coinbase
Amongst the CEX-backed L2 solutions that have recently launched, a clear victor emerges (at least for the moment). Base captured attention recently by flipping both Arbitrum and Optimism in activity and fees generated, thanks to the OnChainSummer Campaign and Friend Tech.
The report covers:
⁍ Base's background & architecture
⁍ The OP Stack & Superchain
⁍ Base metrics
⁍ Friend Tech & its impact on Base
⁍ Top 3 proxies to a $BASE token
https://blockcrunch.substack.com/p/all-about-that-base-behind-coinbase
Substack
All About That Base: Behind Coinbase' Explosive Layer 2
Worldcoin, friend.tech, $BALD - why are projects flocking to Base, the new L2?
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Krafton, the video game conglomerate behind PUBG, announced its Cosmos chain — Settlus.
The chain will use cosmos sdk + EVM + $USDC for tx fees (Source)
News Source
The chain will use cosmos sdk + EVM + $USDC for tx fees (Source)
News Source
Settlus
Settlus | The upcoming standard of creator economy
Settlus is a purpose-built blockchain designed to provide a transparent settlement system for the creator economy.
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Forwarded from infinityhedge
Stake response ^
*stake was paying some of these twitch streamers 100M, so should be easy for them to cover the 41M hole with their own money. h/t @0xngmi
*stake was paying some of these twitch streamers 100M, so should be easy for them to cover the 41M hole with their own money. h/t @0xngmi
Aerodrome Largest Farmers
https://twitter.com/ArkhamIntel/status/1698750412793508132
- explains the down only performance of AERO as early farmers dump first epoch gains
https://twitter.com/ArkhamIntel/status/1698750412793508132
- explains the down only performance of AERO as early farmers dump first epoch gains
X (formerly Twitter)
Arkham on X
Aerodrome Finance launched just last week and is already dominating DeFi on Base - briefly reaching $200M TVL in its first 72 hours.
@AerodromeFi currently makes up almost 50% of global TVL on Base!
But what is Aerodrome? And who were the biggest farmers?
@AerodromeFi currently makes up almost 50% of global TVL on Base!
But what is Aerodrome? And who were the biggest farmers?
Synapse
- SYN liquidity provider removed LP and sold holdings
https://x.com/synapseprotocol/status/1698865047324291412
- 9m SYN sold by Nima Capital (allegedly)
https://x.com/wazzcrypto/status/1698832634020016618
- onchain data shows 0x4df sold 9m SYN in two 3.4M tranches on sushiswap for $2.35M USDC, sending prices down by 25%
https://twitter.com/lookonchain/status/1698879573612732464
- SYN liquidity provider removed LP and sold holdings
https://x.com/synapseprotocol/status/1698865047324291412
- 9m SYN sold by Nima Capital (allegedly)
https://x.com/wazzcrypto/status/1698832634020016618
- onchain data shows 0x4df sold 9m SYN in two 3.4M tranches on sushiswap for $2.35M USDC, sending prices down by 25%
https://twitter.com/lookonchain/status/1698879573612732464
Ian's Intel
Synapse - SYN liquidity provider removed LP and sold holdings https://x.com/synapseprotocol/status/1698865047324291412 - 9m SYN sold by Nima Capital (allegedly) https://x.com/wazzcrypto/status/1698832634020016618 - onchain data shows 0x4df sold 9m SYN…
Ian's Intel
Synapse - SYN liquidity provider removed LP and sold holdings https://x.com/synapseprotocol/status/1698865047324291412 - 9m SYN sold by Nima Capital (allegedly) https://x.com/wazzcrypto/status/1698832634020016618 - onchain data shows 0x4df sold 9m SYN…
NimaCapital-linked entity sold NYC condo for $80M
https://x.com/doveywan/status/1698975628811440623
https://www.nytimes.com/2023/09/01/realestate/central-park-south-duplex.html
https://x.com/doveywan/status/1698975628811440623
https://www.nytimes.com/2023/09/01/realestate/central-park-south-duplex.html
X (formerly Twitter)
Dovey "Rug the fiat" Wan on X
not sure what happened with @NimaCapital but seems like a total liquidation of everything not just crypto 👀
Circle Launches Native USDC on Optimism & Base
https://twitter.com/circle/status/1699045142429319321?s=20
https://twitter.com/circle/status/1699045142429319321?s=20
X (formerly Twitter)
Circle (@circle) on X
1/ It’s here. #StableSeptember. The day you’ve all been waiting for - what comes first? How about two launches on the same day?
Introducing $USDC on @optimismFND and USDC on @BuildOnBase, two leading L2 scaling solutions for Ethereum built on the OP Stack.
Introducing $USDC on @optimismFND and USDC on @BuildOnBase, two leading L2 scaling solutions for Ethereum built on the OP Stack.
Visa Adds Solana to their USDC Settlement Pilot
https://twitter.com/solana/status/1699032831643533556?s=20
Source
https://twitter.com/solana/status/1699032831643533556?s=20
Source
X (formerly Twitter)
Solana on X
1/🏦Breaking: Visa Expands Stablecoin Settlement Pilot to Solana
@Visa is scaling their USDC settlement pilot to include the Solana blockchain, enabling enterprise-grade throughput at virtually no cost for Visa issuers and merchant acquirers on Solana. h…
@Visa is scaling their USDC settlement pilot to include the Solana blockchain, enabling enterprise-grade throughput at virtually no cost for Visa issuers and merchant acquirers on Solana. h…
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