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Interchain service provider in @Cosmos and home of ATOM

Joined July 2018
Photo by Cosmos Hub ⚛️ (@cosmoshub)Photo by Cosmos Hub ⚛️ (@cosmoshub)Photo by Cosmos Hub ⚛️ (@cosmoshub)Photo by Cosmos Hub ⚛️ (@cosmoshub)Photo by Cosmos Hub ⚛️ (@cosmoshub)Photo by Cosmos Hub ⚛️ (@cosmoshub)Photo by Cosmos Hub ⚛️ (@cosmoshub)Photo by Cosmos Hub ⚛️ (@cosmoshub)Photo by Cosmos Hub ⚛️ (@cosmoshub)Photo by Cosmos Hub ⚛️ (@cosmoshub)
Cosmos Quarterly #2: What happened in Q3 - Tokenomics phase 2 done. Hub roadmap validated - Both go to review/governance in steps as of Dec - 12.7M USDC migrated to Injective - Post-quantum keys shipped - IBC for any EVM network & Besu is next - Over +17 partnerships, and more
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Commitments from Quarterly #1, where they stand: - This Quarterly series: done - ICF Q&A on a community call: done, October 15 - Public tokenomics dashboard: live!
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Following the recent Stride wind down announcement, @hydromarkets has announced plans to launch a new ATOM LST on the Cosmos Hub! Learn more 👇
We plan to launch hATOM, a 0% fee LST for ATOM built on the @cosmoshub, in collaboration with @moonkitt_lab. The existence of a strong & secure ATOM LST is critical for Hydro, as it allows ATOM to be deployed into DeFi protocols without giving up the underlying staking yield. Following Stride’s recent announcement about winding down stATOM, we’ve decided to build our own. The LST will be deeply integrated into Hydro’s ATOM Inflow vault. The goal is for users to be able to move between native ATOM, hATOM, and vault tokens through a single interface, while Hydro manages staking, liquidity, and deployment in the background.
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Nearly 50% of @injective USDC supply is deployed on IBC-enabled chains like the Cosmos Hub, with another $100M in USDC supply on the way. As a reminder, a portion of fees from Injective USDC will be used to programmatically buy ATOM.
Injective USDC supply is up 43% in the last month alone, reaching $16.5M Injective is now becoming the canonical stablecoin standard for more than 20 blockchains including @cosmos, with over $100M in stablecoin supply set to migrate onto $INJ soon.
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This week on the Hub: - Stargaze Messages: encrypted wallet-to-wallet chat on the Hub - Community Pool USDC migration proposal is on the forum - Gaia v29, Prop 1059, voting through Oct 27 - InfStones staking API tranches; ATOM live on Paxos Forum Recap: forum.cosmos.network/t/hub-w…
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ATOM is live on @Paxos Crypto Brokerage, the deliverable from Prop 1054. Paxos partners can offer ATOM through their existing integration. Next, with Paxos: ATOM integration into supported venues alongside Paxos partner managers
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That's it for this week. Next up: the Friday USDC roundup tomorrow, the Community Pool migration proposal heading on chain Oct 27, the v29 vote closing the same day, and the next validator call on Nov 11.
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