Interchain Security Launches, $WHALE airdrop for $HUAHUA Stakers - Issue #37
Welcome to the latest edition of our Cosmos Network newsletter! First of all, let us greet Cosmos Hub with a Happy 4th Birthday! As always, we have exciting news to share with you.
Interchain Security Launches
$WHALE airdrop for $HUAHUA Stakers
Interchain Security Launches
Cosmos just launched an upgrade that includes Replicated Security (RS) today. This feature will allow blockchains in the Cosmos ecosystem to share validation resources for improved security. The upgrade is expected to distribute up to 25% of consumer chain fees to Cosmos Hub stakers, incentivizing more buying and staking activity and potentially giving rise to a virtuous investment cycle in the Cosmos ecosystem.
The addition of RS to the Cosmos chain is a significant development for the ecosystem, as it will enable consumer chains to focus on growth and real yield while providing reliable security against 51% attacks and double-spending. This will bring additional yield to ATOM stakers and allow consumer chains to optimize for growth, ultimately improving the value proposition of the ecosystem.
The Cosmos ecosystem has grown significantly in the last two years, with more chains using the Cosmos-SDK and Tendermint consensus mechanism to spin up application chains. Implementing improved cross-chain features like RS will allow blockchains to benefit from the liquidity in the Cosmos ecosystem. Circle's announcement of a native USD Coin (USDC) blockchain on Cosmos is likely to be a potent catalyst to improve the ecosystem's liquidity.
The potential for a bullish outlook for ATOM will be reliant on the utilization of the ecosystem and the ability of consumer chains to generate substantial returns for ATOM stakers.
$WHALE airdrop for $HUAHUA Stakers
WhiteWhaleDefi has recently announced their latest airdrop to $HUAHUA stakers, and it's now live! This exciting news has garnered the attention of the crypto community, with many eager to claim their tokens. To claim the airdrop, visit the following link: https://airdrop.migaloo.zone/chihuahua.
In addition to the airdrop, WhiteWhale will be hosting a Twitter Space next week, where community member @Zdeadex will be joining them. The date for this event is yet to be confirmed, so be sure to keep an eye out for further announcements. The WhiteWhale team has also opened new pools for $HUAHUA and $WHALE.
The dApp has already gained popularity among crypto enthusiasts, with almost half a million dollars in TVL without incentives. For those who have questions about the airdrop, tutorials are available on WhiteWhale's YouTube channel:
https://www.youtube.com/playlist?list=PLlB6D78o5V-mGKv07MZN-EGLwax8dbAyI.
Price Update (March 13, 19:00 UTC)
ATOM: 12.70
JUNO: 1.07
EVMOS: 0.32
OSMO: 0.872
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Best regards,
Cosmos Ecosystem Chat Team