Cosmos Hub


                        
                    
                                    Through a software upgrade, Umee UX Chain code will be implemented on Osmosis, combining the two networks.
                    Cosmos-based networks Umee and Osmosis will merge via a software upgrade, according to a Dec. Umee user interface. Source: Umee.Umee is a decentralized lending protocol that runs on its own dedicated Cosmos chain called “UX Chain.” Osmosis, on the other hand, is one of the largest decentralized exchanges (DEXs) in the Cosmos ecosystem, which also runs on its own dedicated network. It has over $23 billion in cumulative volume and is the fourth largest Cosmos chain in terms of total value locked (TVL), according to DeFiLlama.According to the announcement, the development teams behind the protocols agreed to combine the two networks, allowing the lending app and DEX to exist on the same chain. “The combined architecture of both chain functionality will open up the door for flash loans and new forms of MEV on the same DeFi Hub,” said Osmosis co-founder Sunny Agarwal, adding “we originally thought of flashmint via protorev for multiple types of cross chain arb, and realize[d] a lending protocol on the same chain would further optimize this vision.”Related: Cosmos Hub greenlights ATOM inflation cut for security boostThe announcement did not state a specific date for the merger. Read more

Cosmos-based networks Umee and Osmosis to merge, creating &#039;DeFi Hub&#039;

Cosmos co-founder Jae Kwon has split ATOM after years of infighting and accusations that the community is conspiring against him.  After the community passed a proposal to crimp inflation on Cosmos, Kwon announced AtomOne, a minimal fork of the Cosmos Hub application.

Cosmos Co-Founder Jae Kwon Splits $ATOM After Years Of Infighting

Controversy arose in Cosmos after the community approved Proposal 848, aiming to reduce the inflation rate of Cosmos’ native token, ATOM, to 10%. The decision, although supported by 41.1% of the community, generated discontent among some, including Jae Kwon, co-founder of Cosmos. Kwon’s response to the proposal’s approval was entirely unexpected: the creation of a ... Read more

Co-founder Forks Cosmos Hub Post Proposal 848 Approval

The founder of Cosmos Hub has detailed plans and discussions on forking the network to create AtomOne, which has sparked rumors of an airdrop to ATOM stakers.

Cosmos Fork Discussion Sparks AtomOne (ATOM1) Airdrop Hype

Cosmos founder Jae Kwon has expressed his dissent against the ATOM production reduction vote, which, despite his opposition, was successful. In response, Kwon has announced plans to fork Cosmoshub4, unveiling a new network named AtomOne. The upcoming network is set to operate autonomously, featuring its own governance plan and development team, with a focus on 
The post Cosmos founder Decides to Fork Cosmos Hub In Protest Against ATOM’s Reduced Production appeared first on CoinGape.

Cosmos founder Decides to Fork Cosmos Hub In Protest Against ATOM’s Reduced Production

The governing body of the Cosmos Hub has approved a proposal to reduce the maximum inflation rate of its native token, Cosmos (ATOM), from 14% to 10%. This decision aims […]
The post Cosmos Hub Approves Proposal To Reduce ATOM Inflation Rate From 14% To 10% appeared first on BitcoinWorld.

Cosmos Hub Approves Proposal To Reduce ATOM Inflation Rate From 14% To 10%

The Cosmos Hub community is giving the green light to a proposal aimed at reducing the maximum inflation rate of its native token, Cosmos (ATOM), from 14% to 10% as a security enhancement measure.

Cosmos Hub approves proposal to slash ATOM inflation

The Cosmos Hub voted on and approved a proposal on Nov. 26 that will reduce the maximum inflation rate of its native cryptocurrency, ATOM. The proposal seeks to decrease the maximum inflation parameter from 20% to 10%, resulting in a tangible impact on ATOM’s current inflation rate, which is around 14%. This adjustment will also affect […]
The post Cosmos hub votes to bring down ATOM’s inflation from 14% to cap at 10% appeared first on CryptoSlate.

Cosmos hub votes to bring down ATOM’s inflation from 14% to cap at 10%

Recent community decision alters ATOM's inflation rate, sparking debate and introducing a new era for Cosmos Hub stakeholders.
Continue reading at DailyCoin.

ATOM Token Inflation Slashed from 14% to 10% in Close Vote


                    
                    The proposal secured a narrow passage, garnering 41.1% approval votes compared to 38.5% disapproval, marking the highest turnout vote in the Cosmos ecosystem.
                    The governing body of Cosmos Hub has endorsed a proposal to decrease the maximum inflation rate of its native token, ATOM (ATOM), from approximately 14% to 10%.As per the proposal, the authorized modification would reduce Atom’s annualized staking yield from around 19% to approximately 13.4%. The Cosmos Hub is the primary blockchain within the Cosmos network, a system of interlinked blockchains. The native token of the Hub is Atom, employed for staking, governance, and transaction fees.The proposal secured a narrow passage, garnering 41.1% approval votes compared to 38.5% disapproval, marking the highest turnout vote in the Cosmos ecosystem. Initially expected to fail shortly before the deadline, a last-minute influx of votes and some reversals from validators narrowly tilted the outcome in favor.Screenshot of the proposal      Source: MintscanThe proposal contended that Atom’s elevated inflation rate, compared to similar tokens, resulted in the Cosmos Hub overspending for security. It also argued that validators could still achieve breakeven or profitability even with inflation reduced to 10%.Zero Knowledge Validator, the entity with the most substantial vote in favor of the proposal, justified its backing on X. A post asserted, “Double-digit inflation is unnecessary for security, undermines Atom price in the long run, and discourages the use of ATOM in DeFi and other areas within the Atom Economic Zone.”Related: Azuki DAO rebrands to ‘Bean’ as it drops lawsuit against founderThe most significant opposition vote was cast by AllNodes, a validator, as outlined in a post on X. AllNodes argued that the change could negatively impact small validators, labeling the proposal as “...an abrupt, short-sighted, and ill-researched idea that might wreak havoc on retail and businesses engaged in building, trading, and validating Atom.”Cosmos Hub recently upgraded to launch a liquid staking module, enabling users to bypass the previous 21-day unbonding period by unstaking ATOM funds. Before the upgrade, ATOM holders had a locking period of 21 days to move their funds after unstaking the token. With the new module, staked ATOM can be used in the Cosmos decentralized finance (DeFi) ecosystem without compromising yields from staking.Magazine: Are DAOs overhyped and unworkable? Lessons from the front lines