1/8 @JaeKwon, the founder of Cosmos, has declared he will lead a fork of @CosmosHub.
If the fork happened, it would probably result in the biggest ATOM airdrop ever. And it would resolve years of political tension - very bullish for Cosmos Hub.
What you need to know 🧵 2/8 First, the airdrop.
Jae is calling the new chain AtomOne (ATOM1).
Most of the ATOM1 allocation would go to ATOM stakers pro-rata their amount. Unclear if liquid ATOM is included.
Apparently, those who voted yes on prop 848 would receive a reduced amount of ATOM1.
Mar 3, 2023 • 8 tweets • 4 min read
1/8 If you're curious, here's the @Terra_Money game plan for the next few months 🧵👇
2/8 First, Alliance is used to keep Terra / LUNA relevant across the Cosmos.
Considering how excited everyone has been about the Nobel / Cosmos Hub partnership, this is a pretty shocking development.
Why they got cold feet, and what this means for Cosmos Hub 👇🧵
2/10 Noble is the chain that's going to issue Cosmos-native $USDC; in future, it may also issue other real-world assets.
It was going to use replicated security from the Cosmos Hub for security, and thereby somehow provide yield to $ATOM stakers.
Feb 28, 2023 • 7 tweets • 2 min read
1/7 @astroport_fi concentrated liquidity pool type has completed its audit 👀
We can expect this pool type to be deployed to @terra_money in March.
So what makes Astroport's concentrated liquidity so special? 🧵 👇
2/7 Astroport will be the first Cosmos DEX with concentrated liquidity.
But as if that weren't notable enough, Astroport will be the first DEX in all of crypto to implement @CurveFinance V2 concentrated liquidity - aside from Curve itself, of course.
Feb 23, 2023 • 10 tweets • 2 min read
1/10 XRP has been under SEC investigation forever, yet the price holds. Reason is, everyone who wanted to sell already has. That's not the case with $LUNA.
LUNA price analysis 👇🧵
2/10 There's 500M LUNA left to vest over the next few years. Do and friends control a lot of it, and VCs like Hashed will probably never touch their Terra 2 addresses for fear of regulators.
Feb 23, 2023 • 10 tweets • 4 min read
1/10 Osmosis is the central DEX and DeFi hub of the Cosmos.
But lately it seems every Cosmos chain is pursuing DeFi - even @StargazeZone is getting its own DEX!
So when every chain wants to host its liquidity on its own DEX, what happens to Osmosis? 🧵👇
2/10 Osmosis has been successful because it has many anchor assets.
When a DEX has the deepest liquidity / lowest slippage for an asset in all of DeFi, then it's an anchor asset.
On Osmosis, these include ATOM, OSMO, JUNO, EVMOS, STARS, SCRT, and so on.
1/14 Last week was a game-changer for @astroport_fi and $ASTRO.
• New plan to reduce ASTRO emissions
• Builders' unlock being delayed by 6 months
• Astroport launched on @Injective_ and @SeiNetwork testnets
What this means for ASTRO 🧵👇
2/14 First, a proposal was made by one of the Astroport builders which "seeks to reduce ASTRO emissions by approximately half."
Granted, emissions won't be instantly reduced by half. But if passed this proposal would begin to gradually lower emissions.
The Interchain Alliance is @Terra_Money's version of interchain security.
If Stargaze and Juno go for it, it means you'd be able to stake $LunaX on those chains.
What this would look like 🧵👇
2/22 Juno would need to install the new Alliance module, which would make LunaX staking possible. (LunaX is a liquid staked derivative of LUNA).
Currently, 100% of Juno staking yield goes to JUNO stakers. But if LunaX is stakeable too, then some JUNO staking rewards go to LunaX.
Nov 3, 2022 • 14 tweets • 3 min read
1/14 Today, Do Kwon revealed @terra_money's version of interchain security, called Feather.
Here's how it works 🧵👇
2/14 Let's set up two hypothetical chains:
Alpha ($ALPH) and Beta ($BETA). Alpha is a much larger chain.
The staking yield for Alpha is 10%, and 30% for Beta.
Terra 1.0:
a decentralized economy needs decentralized money
Terra 2.0:
decentralized money needs a decentralized economy
Just semantics? No. This is hugely significant.
Let me explain the new grand vision for Terra. 🧵👇
2/9 The Tornado Cash sanctions show that we need a decentralized stablecoin now more than ever.
People need to be able to conduct efficient economic transactions in a way that can't be censored.
We need a real decentralized stablecoin.
Aug 15, 2022 • 10 tweets • 3 min read
1/9 @stablekwon in today's @Coinage_Media interview: "If my thesis is right, what I spend time doing over the next 20 years is going to be more meaningful than what happened over the last 6 weeks.”
But what "thesis" is he talking about?
Let me tell you. 🧵👇
2/9 Kwon is all about freedom.
USTC was a censorship-resistant stablecoin. It was meant to create a free economy. That failed.
But economic transaction is just a subset of human activity.
Now Kwon wants to create a space for free sociocultural interaction.
Aug 9, 2022 • 10 tweets • 3 min read
Decentralized economies need decentralized money. This is easier to understand today than ever before.
$DAI, $FRAX, even something like $FEI won't cut it.
Here's what it'll take to make a truly decentralized stable, and why I think @stablekwon is the perfect man for the job.
Obviously USDC and USDT won't cut it. Can be censored at the push of a button, as we saw today.
DAI, FRAX, and even IST won't work either, as they depend on backing from centralized stables.
Aug 8, 2022 • 9 tweets • 3 min read
1/9 Today @TeamKujira announced $USK, an ATOM-backed stablecoin. $KUJI rallied hard on the news, up more than 35%.
Lots of other Cosmos teams are working on launching a stablecoin.
So what's unique about USK? What challenges does it face? And what is Kujira anyway? 🧵👇
2/9 First of all, $USK isn't the only stablecoin under development in the Cosmos.
1/5 In 3 months, @stride_zone could easily be the most profitable chain in the Cosmos.
Stride provides liquid staking for Cosmos PoS assets, and takes a 10% cut from the staking rewards.
Stride will have a real, sizable, sustainable source of revenue from day 1. 🧵👇
2/5 For context, Terra, Osmosis, and Juno generate virtually no revenue, and never have.
@TeamKujira is different, in that all its staking rewards come from revenue. Yet Kujira needs to grow its revenue, as it's currently less than $500 per day. (But Kujira is growing fast!)
