A little bit of chit-chat
Juno is carrying out its halving today, which means that inflation will come down from 40% to 20%, putting the supply of JUNO in the next 12 months at 109.037.449, a 20 million increase from the first-year target of 90.864.540. A full description of Juno’s tokenomics can be found here.
An atomic update
During the first month of discussions about ATOM 2.0, there has been plenty of community discussion about the right way to move forward. Cosmos Hub Strategy Lead, Sam Hart, published an updated version of the ATOM 2.0 white paper to adapt the proposal to community feedback.
In the new version, the main topics addressed are the capitalisation of the Treasury, which now will be divided into 12 equal tranches, each subject to a separate ATOM vote. Also, the update introduces the vote on the destination of the 300,000 ATOM issuance tail, which could be one or more of the following: Validators, Delegators, and the Community Pool.
Meanwhile, a separate forum thread containing a detailed draft of the Cosmos Hub Charter was uploaded to gather feedback from the community about this crucial part of the new system, which aims to keep core contributors accountable to the rest of the community.
The formal proposal vote has been delayed one more week to allow the community more time to discuss it. The proposal will now be launched on October 31st.
The next 90 days
Sifchain is going through some rough times. Several functionalities of the Decentralized Exchange have been paused due to “certain behaviour” that the team has not thoroughly described.
Currently, all tokens are disabled for the actions of swap, add/remove liquidity and Margin trade. The only assets that remain enabled for the full features of Sifchain DEX are ATOM, USDC, ETH, JUNO, DAI, AKT, WBTC, OSMO, and USDT. IBC transfers to and from Sifchain of any asset not on the list are also halted.
A plan with the steps for the next 90 days has been published on Discord.
The Ethermint dilemma
After the rejection of proposal 96, in which $3M were requested from the Kava Community Pool for the past development of Ethermint by Tharsis (Evmos core team), another proposal with a lower amount has been submitted.
This time, the amount requested is 1.25M Evmos following a discussion on the past proposal. This proposal states the procedure for how the funds will be managed. It highlights that they will be staked, and the rewards will be used to fund the future development of Ethermint. Also, part of the KAVA tokens will be added as liquidity on the Evmos DeFi ecosystem.
There’s still strong opposition from the Kava community.
Airdrops List
Here’s a list of upcoming airdrops.
Wrap Up
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A little bit of intergalactic music for you