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May 15 • 7 tweets • 7 min read
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
@sunnya97 @KevinGarrison And it looks like the Terra projects are paying attention, exemplified by the @loop_finance team joining Juno members on a Twitter Space just yesterday
@sunnya97 @KevinGarrison @loop_finance Another Terra protocol embracing the Cosmos' vision is @TeamKujira ; their team decided to go for their own independent & sovereign chain, which will allow complex functionality to be built directly into the base protocol

@sunnya97 @KevinGarrison @loop_finance @TeamKujira A Cosmos alpha thread wouldn't be completely satisfying without an airdrop announcement & that's exactly what @ComposableFin provided this week for $OSMO stakers. The integration Substrate <> IBC is a big deal so I'll be making a separate thread on that
@sunnya97 @KevinGarrison @loop_finance @TeamKujira @ComposableFin And that's it for today! But I'm planning to keep covering the entire #Cosmos ecosystem through educative & digestible threads on governance, airdrops, tokens, teams & projects, so you may consider re-tweeting & giving me a follow @ThyBorg_ ✌️

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More from @ThyBorg_

Thyborg Profile picture
May 17
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
Read 15 tweets
Thyborg Profile picture
May 16
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)
The average validator revenue on Juno is around $33,000 per month (mid-May 2022, Bitcoin around $30,000).

It was around $48,000 in early May with Bitcoin at $38,000, and $200,000 at Juno all-time (early March)
Read 11 tweets
Thyborg Profile picture
May 14
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 Image
Read 12 tweets
Thyborg Profile picture
May 11
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
That story somewhat corroborates with what @stablekwon explained the day before about Curve's liquidity
Read 9 tweets
Thyborg Profile picture
May 10
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.
Read 13 tweets
Thyborg Profile picture
May 9
iPhone: there's an app for that
Ethereum: there's a dapp for that
Cosmos: there's an appchain for that

A list of the best IBC-enabled appchains in the Cosmos-store 👇
(if you're unfamiliar with IBC, you may find this thread interesting)
Permissionless smart-contracts: @JunoNetwork, @EvmosOrg, @cronos_chain, @terra_money (which comes with the n°1 decentralized stablecoin included) and soon @archwayHQ & @_gnoland
Read 9 tweets

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