Cosmos Cantina

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This edition of Cantina is brought to you by the Jackal Protocol - actually decentralized data storage built right here in the Comsos Interchain! Jackal hopes to decentralize the storage industry with better security and privacy for your files.

GM. Welcome to the fifth week of the Cosmos Cantina. Let’s get after it.

Here is what we are serving up from last week in the Cosmos ecosystem.

• Cosmos Circut Breaker Module 🛑

• Skip Protocol API ⚙️

• Interchain haymakers 🥊

• Cosmos Hub should acquire Osmosis??? 💰

• Blockworks and Bianary Builders take the wheel on $ATOM. 🚌

• Mintscan & Cosmostatrion gives Kujira the boot. 🥾

Cosmos Circut Breaker Module 🛑

Hit the BREAKS! Cosmos is here to introduce its latest innovation: the Circuit Breaker Module.

We all know that blockchains are like the Energizer bunny; they keep going and going and going. But even the most hardcore ravers need a break from the incessant techno beats. So too do blockchains. Enter the Circuit Breaker Module, a techy disco nap of sorts.

The cosmos is a vast, unpredictable place. In the wild west of blockchain, a rogue hack or a pesky bug could bring the whole party to a screeching halt. We're talking lights out, music off, significant losses - a full-on cosmic catastrophe.

But the Circuit Breaker Module has shuffled onto the dancefloor with a solution. It keeps the good vibes flowing by maintaining high uptime and pulling the plug on specific transactions when they're killing the buzz.

The initial version is designed to keep a keen eye on message types. Any unwanted messages trying to sneak into the mempool and pull some dubious moves on the state machine will be stopped in their tracks.

So there you have it. The Circuit Breaker Module: the bouncer of the blockchain, maintaining order in the cosmos and ensuring the party doesn't stop (unless it needs to).

Skip Protocol API ⚙️

Your Cosmic Chauffeur is Here. Ever wanted to move your liquidity between chains with the ease of swiping right on your favourite dating app? Well, brace yourselves, cosmic travelers, because the Skip Protocol API has just hit the launchpad!

IBC is the tech darling of the blockchain world, but let's face it: it's like that nerdy kid who's brilliant at calculus but can't tie his own shoelaces. User experience has been, well... a bit of an afterthought.

Enter Skip API, the IBC’s snazzy new personal assistant. Picture J.A.R.V.I.S. from Iron Man but with an even cooler blockchain twist. With Skip, any wallet, frontend, or dapp can now play cosmic hopscotch, effortlessly skipping liquidity between chains.

Think it sounds too good to be true? All a developer has to do is:

1️⃣ Pick the token and chain they've got

2️⃣ Choose the token and chain they want

And BOOM! Skip makes it happen, faster than you can say "interblockchain communication".

So, how does it work? By deploying Packet Forward Middleware (PFM) and IBC-Hooks, Skip lets users treat Cosmos like a unified entity. No more sweating about IBC paths, liquidity, or deciphering IBC hieroglyphs.

They’re also working on super cool features like after-swap actions, multi-hop packet tracking, high-speed relaying, and relayer + channel status updates.

Happy skipping!

Interchain haymakers 🥊

Cosmos Twitter (X now lol) fisticuffs take center stage at Osmocon. Forget tweets, let's throw some punches! This year's Osmocon featured a novel way to settle ongoing blockchain beef. In an unexpected twist, the conference center morphed into a cosmic boxing ring, where the heavyweight champions of Twitter debates came to settle their scores.

In one corner, we had Sunny Aggarwal (@sunnya97), representing the Mesh Security Team, and in the other, Ethan Buchman (@buchmanster), fighting for Replicated Security. The crowd held their breath as the warriors traded carefully worded jabs and blockchain-infused uppercuts. Next up, the representatives of Juno and Neutron, the two stellar smart contract platforms in the Cosmos universe, squared up.

The lesson? Be careful about firing off a controversial tweet in the Cosmos. You’re keyboard won’t save you when trading blockchain barbs in the ring at the next Osmocon! 🥊🌌

Cosmos Hub should acquire Osmosis??? 💰

Controversy alert! Just when we thought things were settling down in the Cosmos post-boxing match, Sacha took to the Twittersphere to stir the cosmic soup. His tweet:

Immediate pandemonium

First up in the thread was @jmtinvests, who fired back:

"Is Osmosis for sale? I mean they are doing a banging good job with building, so why would they want to lose their nimbleness to Atom governance?" 

A fair point, given Osmosis has been swimming along nicely in the decentralized sea.

RoboMcGobo (@RoboMcGobo), our resident cosmos finance whiz, chimed in with a dose of cold, hard numbers:

"Osmosis Market Cap: $325 million. Cosmos Hub community pool: $35 million. Where does the acquisition balance come from?"

Yikes. That's like asking a dwarf planet to suddenly become a gas giant.

@CosmosDefi also weighed in, questioning the entire premise:

"Why should they do this? Mesh security looks like repackaged token swaps. If $Osmo is valuable, then it should be able to secure itself via staking & superfluid staking."

Yet, not all the responses were incendiary. @Jmastante offered a somewhat harmonious take:

"I completely agree with that. One can't survive without the other."

Ah, unity among the stars.

Blockworks and Bianary Builders take the wheel on $ATOM. 🚌

ATOM Tokenomics: Makeover Edition 💄💰. Does the Cosmos ATOM token need a tokenomics overhaul? Well, it seems that the ATOM Accelorator DAO has its thinking cap on. They put out an RFP for the future of the token and got a great response – 13 applications!

Now here’s where it gets juicy: only 5 made it to the interview stage and of those, just two winners emerged – the prestigious @blockworksres and the interstellar @binary_builders.

So what’s on the Blockworks to-do list?

1. Give ATOM tokenomics a makeover, which includes playing with inflation, budget allocations, and some serious Replicated Security economics – talk about a complete overhaul!

2. Develop a de-centralization serum for validator stake.

3. Dream up a vision for the Hub in a rollup-centric world.

Their deliverables? Well, they're going old-school with a Google Sheets-based model for community members to model ATOM supply flows and a whitepaper that outlines their vision and tokenomics. And for the tech-savvy, there's a post on the Cosmos Forum.

But let’s not forget Binary Builders, our Cosmos OG. Their deliverables are:

1. System requirements & design doc for each of the three modules.

2. Functional specification document for each feature.

3. A compelling post on the Cosmos Forum.

Oh, and just a little side note – Binary Builders have the engineering resources to build some or all of the suggested modules and are keen on applying for a future implementation grant should the suggested changes pass governance. Talk about ambition!

So, buckle up Cosmos, your ATOM tokenomics is getting a facelift!

Mintscan & Cosmostatrion Wallet gives Kujira the boot. 🥾

The two Cosmos giants, Cosmostation and Kujira have locked horns.

Cosmostation, the company behind the popular Cosmostation Wallet and Mintscan block explorer, has bid adieu to the Kujira Blockchain from its platforms. But why?

Well, it turns out that Cosmostation's business model revolves around being the Queen Bee (or should we say King Validator?) of the validator set for the chains they support. Fair enough?

However, Kujira, not one to be tamed, bucked the trend and refused to give Cosmostation's validator special treatment. And they took this stand very public. Back in March, @deadrightdove aired the dirty laundry in a Twitter thread, claiming that Cosmostation was essentially asking for a bribe to be placed atop the validator set.

Some Cosmos peeps like @AnewbiZ007 expressed disappointment not having Kujira on the Cosmostation products.

But, plot twist: some community members have jumped to Cosmostation's defense, arguing that what's being labeled as a bribe is just the cost of doing business. After all, providing a top-notch wallet and block explorer isn't exactly cheap.

So, who's right in this validator drama? Only time will tell. Until then, grab some popcorn, sit back, and enjoy the show! 🍿🍿

Cantina tweets of the week.

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DISCLAIMER: None of this is financial advice.

This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.