Prop #792 ‘’Launch Neutron on Replicated Security’’ has strong support with over 99% YES votes.
It’s time for a deep dive 🧵
This is what @Neutron_org is about to bring in the Atom Economic Zone 👇
2/ Neutron is a permissionless CosmWasm platform.
Smart-contract applications can be deployed on Neutron without being whitelisted via a governance vote.
By adopting Hub’s security, Neutron will be Cosmos' most secure CosmWasm platform.
3/ For providing security, the Cosmos Hub will receive from Neutron:
- 25% of transaction fees
- 25% of MEV revenue
- 7% of the NTRN supply as an initial drop
- Help strengthen ATOM’s position as interchain’s reserve currency
4/ In fact, Cosmos Hub is not only security, but it’s also the biggest #Interchain community.
Applications on Neutron will be open to a wide range of users, and Neutron can allow the Hub to expand DeFi horizontally.
5/ Strengthening #ATOM is a natural consequence of Neutron’s adoption.
In addition to generating long-term revenue for the Hub, this is how Neutron describes how it will help strengthen ATOM’s position as Interchain’s reserve currency:
5/ Neutron is approaching the launch as Cosmos Hub secured consumer chain with a strong lineup of applications, showing that projects have a desire to deploy on Neutron and enter the Atom Economic Zone!
An ATOM-aligned ecosystem set to share value and grow the interchain economy is emerging ⚛️
The Atom Economic Zone is entering the bootstrapping phase!
Participate by voting on the 3 on-chain proposals opening a new #ATOM era:
#790: LSM 💧
#792: Neutron ✴️
#794: Stride 🌊
#790 is a signaling proposal to replace the staking, distribution, and slashing modules on the Cosmos Hub with variants that regulate liquid staking. These variants are collectively called: the Liquid Staking Module (LSM).
#792 is the proposal to launch Neutron on Replicated Security. If successful Neutron will be secured by the Cosmos Hub validator set and officially join the Atom Economic Zone.
The proposal reached the quorum today with massive community consensus:
2/ @CosmosGov will cover all major aspects of Cosmos Hub governance.
It will provide governance summaries, analysis, retrospectives, guidance through the governance process, relevant information to decision-makers, and suggestions to keep the community updated and involved.
3/ Governance is an essential piece of Cosmos.
And since inception has been the primary use case of #ATOM
In 2023 governance will play a critical role in onboarding Consumer Chains, this is why it is a priority to dedicate time and attention to the governance process.
1/ Replicated Security is a much-awaited @CosmosHub feature!
Coming with the Lambda Upgrade, currently in voting period.
Considering the importance of this upgrade for #ATOM future...
Today’s thread will address community feedback, starting with Validator Cost & Slashing 👇
2/ Validators will need to run all consumer chains that are approved by governance or face downtime slashing. This is essential to preserve the high-security properties of Replicated Security.
Some are concerned about the cost of running additional consumer chains.
3/ @informalinc, the team leading the development of replicated security are taking several steps to address validator costs:
First, consumer chains will set their downtime window to 3+ days, meaning that validators can be down for a long time before receiving a downtime jail.
1/ Cosmonauts! You may have heard that Replicated Security is coming…
By staking #ATOM you will receive multiple new tokens from upcoming Consumer Chains.
The Cosmos Hub is transitioning to become an Interchain Service Provider.
So, in detail, what is Replicated Security?
2/ Replicated Security is a new upcoming feature of the Cosmos Hub, that will be introduced with the Lambda Upgrade (V9).
Originally named Interchain Security (ICS), specifically Interchain Security V1.
As of today the correct term to use is Replicated Security.
3/ Replicated Security is a shared security model. The Cosmos Hub will be able to offer security to new projects launching as Hub-secured consumer chains.
The Consumer Chain is a blockchain that leases security from the Hub.