1️⃣ Sushiswap is entering Cosmos
2️⃣ Avalanche is connecting with Cosmos
3️⃣ Stride is now live with $stLUNA
4️⃣ Keplr introduced the Validator Dashboard!
5️⃣ Stride will add $stATOM & $stOSMO to Umee
“This acquisition is a direct partnership between the SEI, Vortex, and Sushi teams to help bring to market the first fully on-chain perpetual DEX via Sushi”
Before we dive into the shopping list, let's get two things right from the get go.
First, recap what a shopping list is.
Second, review narratives.
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Our shopping list strategy is based on the idea that every year there are big spikes up and down in the markets, where you don't have time to research individual assets “on the fly”.
If you try, you will most likely miss a buying opportunity.
Here is our summary on the updates and what it means for current as well as future $CHEQ holders.
A 🧵👇
TL;DR
The tokenomics change intends to improve the tokenomic sustainability of the cheqd network.
This is achieved through both an increase in gas ⛽️ price and the introduction of deflationary mechanisms in the form of burns ❤️🔥
Essentially, the tx fee used for identity transactions on the $CHEQ network will be split:
A) a portion will go back to Validators and Delegators as block rewards
B) a portion will be burnt (destroyed) to reduce supply
C) a portion will be designated to the Community Pool.