This week's good actor in the #Cosmos ecosystem hails from Austria 🇦🇹 I'm talking about the validator @crypto_crew, who is now listed on my validator ranking 🧵
@crypto_crew As a reminder, the goal of the "Thyborg Cosmos Validator Ranking" (available below) is to complement the “default” Keplr list by presenting the most active community validators first, regardless of size. CryptoCrew nominated @lavender_five for next week cosmosvalidators.org
@crypto_crew@lavender_five CosmosCrew is a team of 6 people with three engineers and three people on community support. They currently stand as Cosmos validator n°136 by number of delegations
@crypto_crew@lavender_five They were one of the first relayers, and currently one of most active with already over 2 million IBC transactions relayed
@crypto_crew@lavender_five If you deposit or withdraw on Osmosis, there’s a good chance your coins are being relayed by CryptoCrew. That relayer activity gave them significant recognition in the community
@crypto_crew@lavender_five During the recent Terra crisis, CryptoCrew was part of the war room with TFL core team to coordinate chain operations and keep the infrastructure up
@crypto_crew@lavender_five They are active in governance (check out the Juno Prop16 article below) and the community can easily find them on Twitter, Reddit & some private Telegram channels (send them a DM if you wish to be added)
@crypto_crew@lavender_five CryptoCrew stakers benefit from the integration of the REstake app with high compounding frequency on the different networks (meaning the delegators have their staking rewards restaked automatically for free on a regular basis)
@crypto_crew@lavender_five You will find them on the Hub, Terra, Osmosis, Secret, Juno, Evmos, Gravity Bridge, E-Money, Crescent, Stargaze, Omniflix, Band Protocol, Comdex, Nomic, Sommelier, Dig, Bitsong, Lum, Chihuahua, Odin and several smaller networks
@crypto_crew@lavender_five If you don't know why it's important for smaller validators to get some delegations, you may be interested in my thread on validator income here
@crypto_crew@lavender_five Since I'm covering not just the validators but the whole Cosmos ecosystem through educative & digestible threads on governance proposals, airdrops, tokens, teams & projects, you may consider retweeting & giving me a follow @ThyBorg_ ✌️
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Yesterday @DeanTribble & @zmanian introduced $IST at the @Gateway_Conf in Prague. Difficult to imagine a better timing to present an over-collateralised IBC-native stable 🌕 here's my summary of the mechanics of the Inter protocol 🧵
@DeanTribble@zmanian@Gateway_Conf $IST is the latest Cosmos stable to position itself in the starting blocks for the $UST replacement race & you can check out the others here (the list is missing $SILK on @SecretNetwork & $USDX on the @kava_platform & I'll cover both separately)
@DeanTribble@zmanian@Gateway_Conf@SecretNetwork@kava_platform Inter is a protocol on @agoric, a highly-anticipated IBC-enabled chain built on top of Tendermint. Agoric clearly deserves its own thread but the core value proposition is to let developers write smart-contract in JavaScript, the most dominant scripting language of the internet
If #Juno becomes the new home of the #Terra dApps, it's likely that some Terra's validators will look to join the active set & #LUNAtics will need to figure out where to delegate ; so I thought it'd be interesting to look at the revenue of the validators on #Juno 🧵
(If you're not sure why Juno is a compelling host candidate for the Terra projects, this thread on CosmWasm might be interesting)
It's been quite an eventful week in the #Cosmos ; and while today's round of Cosmos alpha is very Terra-heavy, it actually comes with a surprising number of bullish news for the entire ecosystem 🧵
First for #Osmosis. As Terra developers look for a new home, it's hard to imagine a better timing for the launch of their grant program & the Cosmwasm implementation. Osmosis co-founder @sunnya97 is on Twitter duty this weekend
@sunnya97 Second for #Juno who has already enabled permissionless CosmWasm contracts. Things are moving fast as a governance proposal carried by @KevinGarrison is up on Mintscan to use the community treasury for the creation of a Terra developer fund
Rumours are swirling around Twitter & Reddit about a potential coordinated attack on the $UST peg. Here's a simple thread to summarise and explain what's being hypothesised 🧵
First a second-hand account of the sequence that led to the initial de-peg: in short, an attacker with 3bn in borrowed BTC & 1bn in UST waited for the Terra team to remove $UST liquidity from Curve to dump it all on the market & create panic
A death spiral isn't the most likely scenario for $UST. Looking at the design of the Terra protocol and the economic incentives at play, the odds are $UST recovers. The why & how in this thread 🧵
The Terra protocol is valuable for two reasons:
- it controls the supply of the n°1 decentralised stablecoin
- it's an interoperable smart-contract blockchain built on Cosmos
While the trust in the stablecoin is at an all-time low, the Terra blockchain continues to host some of the best decentralised applications DeFi has to offer e.g @mars_protocol, @@astroport_fi, @TeamKujira etc.