1/ I am going to begin sharing some of the internal research I have been working on at @StatelessVC… here we go
Stateless Research Roundup #1:
This past week I spent a lot of time in the @cosmos ecosystem, so let's start there.
Stateless Research Roundup #1:
This past week I spent a lot of time in the @cosmos ecosystem, so let's start there.
2/ As part of my research into the Cosmos ecosystem, I attempted to "map the Cosmos"...
If I missed something, let me know. If you are building something cool, would love to hear from you.
docs.google.com/spreadsheets/d…
If I missed something, let me know. If you are building something cool, would love to hear from you.
docs.google.com/spreadsheets/d…
3/ Osmosis (1):
@osmosiszone = app-specific chain but its core functionality is a DEX. So should $OSMO be valued as an L1 or a DEX?
Compared to other DEXs, OSMO trades at a premium to TVL & usage metrics - revenue & volume; adjusting metrics for T6m volume CAGR, premium gone.
@osmosiszone = app-specific chain but its core functionality is a DEX. So should $OSMO be valued as an L1 or a DEX?
Compared to other DEXs, OSMO trades at a premium to TVL & usage metrics - revenue & volume; adjusting metrics for T6m volume CAGR, premium gone.
4/ Osmosis (2):
Osmosis has amassed over $1.5B in TVL, and when comparing its MC/TVL multiple to other L1s it appears reasonable (FDV is stretched).
If interfluid staking gains traction, it could further crystalize Osmosis as king of the Cosmos.
Osmosis has amassed over $1.5B in TVL, and when comparing its MC/TVL multiple to other L1s it appears reasonable (FDV is stretched).
If interfluid staking gains traction, it could further crystalize Osmosis as king of the Cosmos.
https://twitter.com/DecryptVC/status/1498134240231563267
5/ Juno:
$JUNO has been on a tear; the eco. is nascent:
- @junoswapdex = main DEX; has >$30m in TVL w/o LP rewards.
- @Wyndverse = MMO NFT game; launch first NFTs soon; check out their whitelist in discord.
- @DA0_DA0 = platform to launch DAOs - see @DA0_Up & @MarbleDaoCosmos
$JUNO has been on a tear; the eco. is nascent:
- @junoswapdex = main DEX; has >$30m in TVL w/o LP rewards.
- @Wyndverse = MMO NFT game; launch first NFTs soon; check out their whitelist in discord.
- @DA0_DA0 = platform to launch DAOs - see @DA0_Up & @MarbleDaoCosmos
6/ EVMos:
@EvmosOrg launches today! I have written extensively about the opportunity:
@EvmosOrg launches today! I have written extensively about the opportunity:
https://twitter.com/EvmosOrg/status/1496590394418622464
7/ Akash (1):
@akashnet_ is distributed p2p marketplace for cloud computing, built as Cosmos SDK chain. Akash has been in production since 2018 - @gregosuri - and pioneered the high inflation network bootstrapping model used by Osmosis and others.
three interesting points...
@akashnet_ is distributed p2p marketplace for cloud computing, built as Cosmos SDK chain. Akash has been in production since 2018 - @gregosuri - and pioneered the high inflation network bootstrapping model used by Osmosis and others.
three interesting points...
8/ Akash (2):
- proposal just passed to lower token inflation band - 15-25% from 25-40%.
- w/ Cosmos eco taking off, Akash's product is gaining real usage.
- "Akash Surge" event on Kava (DeFi platform) w/ juicy APY's.
- PS: valuation seems reasonable.
- proposal just passed to lower token inflation band - 15-25% from 25-40%.
- w/ Cosmos eco taking off, Akash's product is gaining real usage.
- "Akash Surge" event on Kava (DeFi platform) w/ juicy APY's.
- PS: valuation seems reasonable.
https://twitter.com/hard_protocol/status/1497392253551194114
9/ Shade protocol (1):
@Shade_Protocol = privacy focused array of DeFi primitives on @SecretNetwork. Currently airdropping tokens to $ATOM, $LUNA, and $SCRT stakers.
Shade is the next evolution of the Terra/Luna model.
LUNA = SHD
UST = SILK (privacy stablecoin)
@Shade_Protocol = privacy focused array of DeFi primitives on @SecretNetwork. Currently airdropping tokens to $ATOM, $LUNA, and $SCRT stakers.
Shade is the next evolution of the Terra/Luna model.
LUNA = SHD
UST = SILK (privacy stablecoin)
10/ Shade (2):
- instead of having DeFi dApps built on Shade w/ their own tokens (like Terra), all dApps will capture value for $SHD itself.
- Shade DAO will also utilized bonds to amass POL (like OHM) in the form of other L1 tokens that will then be staked for rewards.
- instead of having DeFi dApps built on Shade w/ their own tokens (like Terra), all dApps will capture value for $SHD itself.
- Shade DAO will also utilized bonds to amass POL (like OHM) in the form of other L1 tokens that will then be staked for rewards.
11/ Kava:
@kava_platform is building a cross-chain DeFi platform that will integrate the Cosmos and Ethereum ecosystems using a "co-chain" model. Kava lend & swap are live, TVL is growing and the roadmap robust:
kava.io/roadmap
@kava_platform is building a cross-chain DeFi platform that will integrate the Cosmos and Ethereum ecosystems using a "co-chain" model. Kava lend & swap are live, TVL is growing and the roadmap robust:
kava.io/roadmap
12/ Agoric (1):
@agoric recently raised $50m via a CoinList sale. It’s a Cosmos SDK smart contract platform based in JavaScript. Most devs have not entered web 3 & Java is most used programming language = big opportunity.
Agoric uses stake token (BLD)/stablecoin (RUN) model...
@agoric recently raised $50m via a CoinList sale. It’s a Cosmos SDK smart contract platform based in JavaScript. Most devs have not entered web 3 & Java is most used programming language = big opportunity.
Agoric uses stake token (BLD)/stablecoin (RUN) model...
13/ Agoric (2):
Interestingly, Agoric's Zoe smart contract framework will work like an escrow account that could prevent catastrophic loss/error.
This piece by @0xRainandCoffee is great intro.
Interestingly, Agoric's Zoe smart contract framework will work like an escrow account that could prevent catastrophic loss/error.
This piece by @0xRainandCoffee is great intro.
https://twitter.com/0xrainandcoffee/status/1494965965171269634?s=11
14/ Archway:
@archwayHQ is a Cosmos SDK smart contract platform that focuses on devs. The fees will be split 50/50 btwn stakers and dApps on the platform (similar to EVMos tokenomics). The project is working towards an incentivized testnet coming soon.
@archwayHQ is a Cosmos SDK smart contract platform that focuses on devs. The fees will be split 50/50 btwn stakers and dApps on the platform (similar to EVMos tokenomics). The project is working towards an incentivized testnet coming soon.
https://twitter.com/archwayHQ/status/1492139915156598785
15/ Umee:
Umee is a promising project set to serve the intersection of cross-chain DeFi between Cosmos and Ethereum. That said, similar borrowing and lending protocols on other chains have not traded well.
Umee is a promising project set to serve the intersection of cross-chain DeFi between Cosmos and Ethereum. That said, similar borrowing and lending protocols on other chains have not traded well.
16/ Stablecoin farms:
Quick overview of some non-degen (lame, I know) stablecoin farms with reasonable risk/reward.
Quick overview of some non-degen (lame, I know) stablecoin farms with reasonable risk/reward.
17/ Cap Finance:
@CapDotFinance = grassroots perpetuals exchange on Arbitrum. It allows users to trade directly in ETH and has done ~$1.5B in cumulative volume. Currently, Cap trades at a low multiple on revenue/volume metrics; tokenomics may need update but those pools…
@CapDotFinance = grassroots perpetuals exchange on Arbitrum. It allows users to trade directly in ETH and has done ~$1.5B in cumulative volume. Currently, Cap trades at a low multiple on revenue/volume metrics; tokenomics may need update but those pools…
18/ Disclaimer:
Stateless may hold positions in projects discussed.
Stateless may hold positions in projects discussed.
19/ If you are interested in Cosmos, check out the @CosmosDAO discord. We are trying to create a place to discuss all things Cosmos!
discord.gg/RYcvEsK8
discord.gg/RYcvEsK8
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