Canto: Will submit proposal to upgrade loan market auditor implementation plan, plans to support RWA
Cosmos ecosystem public chain Canto will submit a proposal to upgrade the Canto Loan Market (CLM) auditor implementation plan. This upgrade will prepare CLM to support real-world assets (RWA).
dYdX founder: Plans to transition to Cosmos this month
dYdX founder Antonio Juliano said on the Lightspeed podcast that the transition plan to Cosmos will take place this month, at which point the platform will be "completely decentralized".
Stargate integrates with KAVA’s Cosmos-EthereumLayer 1 blockchain
The Stargate liquidity transfer protocol has integrated with KAVA's Cosmos-Ethereum Layer 1 blockchain. This integration will unlock approximately $90 million worth of Tether USDt from Kava to the Cosmos ecosystem, enabling users to experience more cost-effective and secure cross-chain transactions in Kava and Cosmos DeFi.
Cosmos Launches CometBFT v0.38 Version To Improve Latency for Inter-Chain Applications
September 21st, according to official sources, Cosmos released version CometBFT v0.38, which includes the second part of ABCI++, as well as methods such as ExtendVote and VerifyVoteExtension, which can improve the latency of inter-chain applications, advance the development of the inter-chain ecosystem by providing advanced control over the replication engine, improving performance, and unlocking new use cases.
Binance Will Support the Cosmos Network Upgrade and Will Suspend Atom Token Deposits and Withdrawals at That Time
According to an official announcement, Binance will support the Cosmos (ATOM) network upgrade. The specific schedule is as follows: Binance is expected to temporarily suspend ATOM token deposits and withdrawals at 20:00 on September 13th to support the network upgrade that will take place at Cosmos block height 16,985,500 (estimated to be at 21:00 on September 13th).
Circle Will Issue Native USDC on Cosmos via Noble
Circle will issue native USDC on Cosmos through Noble. This stablecoin can always be exchanged 1:1 for US dollars and has institutional deposit and withdrawal channels.
Cosmos new community votes to plan v12 upgrade, including enabling LSM module
Cosmos community is conducting a vote for proposal 821 to plan for the v12 upgrade. This upgrade includes the activation of the Liquid Staking Module (LSM) module, which aims to replace the existing staking, allocation, and punishment modules to improve network liquidity, unlock millions of dollars worth of ATOM tokens for supporting DeFi activities across various chains in the Cosmos ecosystem. As of now, 99.8% of the participants have approved of this new upgrade, but it has not yet reached the required number of votes.
Cosmos Community Addresses 'Accidental' Double Signature Problem on Neutron by Proposal 818
The Neutron consumer chain protected by Cosmos recently experienced a "double signature" event by two reportedly reputable validators. On the Cosmos chain itself, this would typically result in automatic fund slashing and permanent disqualification from node validation. However, since Neutron is a consumer chain protected by Cosmos through "replicated security," punishment must be implemented through a community vote on an ongoing proposal, known as Proposal 818, which is scheduled to end on August 23rd.
Cosmos Ecological Cross-chain Stablecoin Protocol Harbor Protocol Has Been Attacked
On August 19th, Harbor Protocol, a cross-chain stablecoin protocol within the Cosmos ecosystem, tweeted that it had been attacked in the past few hours. Some funds in the stablecoin minting process, as well as stOSMO, LUNA, and WMATIC vaults, were stolen. Harbor Protocol stated that it is currently calculating the losses and tracking the stolen funds.
Seda Co-Founders Discuss Importance of Oracles in Cross-Chain Bridges and Securing Value
Cosmos faced challenges in 2022, including the collapse of the Terra Luna ecosystem, tension between co-founders, and a decline in the token's value. However, projects such as dYdX and Seda continue to support the network's vision of inter-blockchain communications (IBC). Seda, which enables over 12 million data feeds across 24 networks, uses oracles to add value to IBC by providing smart contracts with external data. To ensure security, Seda emphasizes education and the use of smart price data modules, as well as setting up metrics like liquidation thresholds and collateralization ratios.
