Someone just bought >$300M of luna at sub $1 on binance. At those prices would have been around 1/2 of market cap. Who just substantially bought Terra?
Hey Terra folks out there looking for a new home, come use your same tools in Cosmos. We have capital and will help you get situated. Reach out to your friendly cosmonauts and they will tell you about Juno and Interchain Security. Lots of opportunity over here.
Tendermint took the brunt of the largest crypto market meltdown and kept chugging. Terra chain no outages, still producing blocks, still going. It pushed past validator downtime and worked exactly as designed at the point of max pain. This is the base of the new financial system.
Update on the Juno situation. We have tested the upgrade path and it is working. It's now time to set a restart time for
@JunoNetwork
. Restart will be tomorrow at 21:00 UTC. This should be early morning Asia, midday Americas, Evening Europe. Long live JUNO! Lets go validators.
GM, working to get
@JunoNetwork
back up today. Path forward clear. Testing this morning and should have a plan by this afternoon. Validators please stand by
@RyanSAdams
I was an early eth smart contract dev. Smart contracts have been cartelized from launch.
Every eth contract has a small multisig made up from the same insiders employees and whales.
Every eth protocol ends up like this. Eth2 has the same design.
I struggle calling this defi
Thank you to the broad
@JunoNetwork
developer community for working together seamlessly and w/o ego. We collaborated and brought this network back online as a group. Great work everyone. Thank you!!!
With the resolution of the post upgrade IBC issues by
@strangelovefund
team today, I think we can call the
@JunoNetwork
downtime incident over. I'm going to put my "incident response lead" hat back in the closet. Thank you everyone who helped.
Many validators are currently running invariant checks. Chain should be up soon. We are currently at 21% of stake online. Team has reached out to >100 of the validator operators. All teams are engaged and ready for upgrade. Will keep folks updated.
Juno is a political movement in cosmos to grow adoption and prioritize dev and user growth via permissionless access to cosmwasm and the latest IBC enabled tech. It will be the first chain to benefit from async composability. It’s strongest asset is the community.
I'm supporting
#prop16
because communities can and should police themselves. This has always been the case in
@cosmos
. The option of starting your own chain and community is always there as a safety valve. This is how the internet works and also how IBC works.
$ATOM IBC makes cooperation in crypto valuable. It’s showing that the on chain to rule them all (and in darkness bind them) thesis is wrong. Let’s build this crypto thing together and stop fighting each other. We have banks and corrupt institutions to fight instead. LFG 🚀🌗
Quick update on the
@JunoNetwork
situation: a minor difference in validator binaries may have caused the indeterminism or at the very least contributed to it. Developers are testing two different solutions to the issue. We don't yet have a root cause however.
The
@strangelovefund
engineering team has begun clearing the
@osmosiszone
<>
@JunoNetwork
channel. It is operational now. We will be rolling out the fix to the rest of the connected chains throughout the next few hours.
Love the discussion on application specific blockchains happening right now.
@cosmos
is far and away the best place to do this as we’ve been building tools for this for the last 5 years.
The discussion on
@JunoNetwork
is quickly turning into a discussion on whether we want the chain to be about building or destroying. I choose building and I hope you do too.
@osmosiszone
is the best interchain dex by a mile and they are building on that lead. Hard not to be excited by what that team has build and is building.
Juno core devs are working on 2 potential issues that may have brought down the network. Current plan is to root cause before announcing. Will update when there is something to share.
If the government doesn’t want to guarantee our right to privacy we must secure it for ourselves. The time is now to build systems that embed this at a fundamental level.
IBC is the technical innovation that enables the blockchain economy to scale. Adoption enabled by the async composability revolution will dwarf what came before.
Note: this is an initial tranche. We plan to distribute it to projects moving over as swiftly as possible. If there is a need for more funding we can tap the community pool again or the dev fund.
@JunoNetwork
team here to help.
1M $JUNO (worth $4.67m) will be used to help Terra developers migrate to the Juno Network and continue development there.💵
$JUNO will explode with vibrant developers and projects after this proposal has passed📈
Hey everyone who isn't seeing balances in their wallets: this is a front end issue. Funds are SAFU. Network is at 65% online. Will be producing blocks very soon.
A huge milestone for DAO operations in
@cosmos
! The first functional multisig UI w/ additional tooling built right in. Loved
@DA0_DA0
the first time I saw it, and loving it even more using it in prod for the first time. Bullish
@JunoNetwork
1/ First proposal for Juno Core-1 team on DaoDao passed!
@Core1_official
will use
@DA0_DA0
from now on to ease some of its multi-sig operations
🤓 Why is this cool?
With the completion of the original
@cosmos
whitepaper (yes you read that right, a crypto project actually completed its whitepaper) a new roadmap for the Gaia (Cosmos Hub) is in process from
@interchain_io
under
@shahankhatch
in collaboration with core devs.
🧵👇⚛️🚀👨🚀👩🚀🧵
The primary missions of Cosmos Builders Foundation is to support projects building on top of the Cosmos stack. Challenges faced by
@terra_money
yesterday highlight the need for work on critical infra affecting the performance of the stack. This is where we will focus our efforts.
We will have a full post mortem of the issue here soon but to clear up some questions I keep seeing: The issue was a malicious smart contract exploiting a vulnerability in an old version of
@CosmWasm
. In the upgrade version we are also including the latest security release there.
Crypto isn’t ready for
@ComposableFin
🤝
@cosmosibc
. It’s going to show for the first time that IBC is more than just cosmos, it’s for all chains and all rollups. It is the communication layer that will unite the disparate chains. Many more integrations coming after this. LFG
In the 3 months since the Terra collapse, the Delphi Labs team has been hard at work figuring out what we see as the future of DeFi, what platform best facilitates this, and ultimately where we should best focus our builder efforts going forward
Hey
@JunoNetwork
validators, please reach out to other validators you know and make sure they are ready to go. Lets do this tendermint gossip layer style.
GM and welcome to all the new Cosmonauts out there! For those new to the ecosystem here is a thread of recent interviews I've done with the key players in
@cosmos
on my podcast, Conversations w/ Jack 👇
In chronological order from oldest to newest...
...🧵
Great article comparing the three networks. With now 45 IBC enabled chains and roughly a billion dollars in value a day flowing through the network
@cosmos
is far and away the leader.
New article: A Comparison of Heterogeneous Blockchain Networks
@cosmos
,
@polkadot
,
@avalancheavax
demonstrate that asynchronous heterogeneous network model works efficiently and it is an improvement over Bitcoin and Ethereum as they are now. /1
Excited to announce what we’ve been working on for the last few months. Lots more coming over the next few weeks so stay tuned. Modular acceleration ftw
1/6 We’re excited to unveil
@Rollchains
🎉
Rollchains enables any Cosmos L1 to post its data to
@CelestiaOrg
.
Cosmos 🤝 Celestia modular DA.
@Stride_Zone
plans to install this new module, which will make it the first ever rollchain.
Hey
@terra_money
node operators: Please share any perf info you have from today from RPC servers. This data will be valuable to devs working to fix perf issues with the system.
The one of the best write ups on prop 16 I’ve seen.
@JunoNetwork
is a pioneering, democratic system and it’s trying new things. Encourage folks to give this a read.
The 10 Millionth message has just been sent across the LayerZero protocol
13 months, hundreds of teams, thousands of mainnet contracts
It's been amazing to see growth of the developer ecosystem, community, and everyone who has taken this journey with us.
This is huge news from
@stablekwon
. Really happy to have
@terra_money
more involved in core development here. This will accelerate the
@cosmos
vision of a connected multi-chain world and drive adoption of IBC. Looking forward to seeing the improvements that come out of this team.
1/ TFL is announcing Project Dawn, a new funding initiative for critical infrastructure improvements and core technologies to supplement the accelerating growth of the Terra ecosystem.
Details:
If there aren’t a bunch of teams publicly fighting over the future direction of your protocol does anyone really care? Are you actually decentralized? Is your protocol anti fragile or is it still just one company that everyone works for?
The first
#Golang
contract has been deployed to the $JUNO network 🚀 (Just an example contract)
The network now has Rust and Golang contracts running on mainnet🛠️
#LUNA
#LUNAtic
$LUNA
Releases, releases, and more releases!🚀🚀🚀
Wasmd 0.26.0 is out🔥, and with a patch for CWA-2022-003 included!🔥
Everything you need to know in the🔗below⬇️
🔗
🔗
Two years of IBC is a massive milestone. Proud of the work the community has done to bring us this far. We have a big lift the next two to take IBC to its full potential of bridging all of the blockchain state machines.
Huge congrats to the
@noble_xyz
and
@strangelovelabs
teams on the launch 🚀 of CCTP today. This puts a capstone on a year and half of work with the mission of bringing liquidity to the cosmos 🫡
Now go out there and degen folks. You’ve earned it 😉
🚨
#jackzampolin
validator has lowered commission to 5%🚨
If you want to support my work in strengthening the core software that runs
@cosmos
, the marketing I do for $ATOM,
#IBC
or the platform: delegate. 100% of the proceeds support this work.
Happy New Year everyone! 🥂🍾 Very grateful for the folks on here. 2021 was an amazing year at
@strangelovefund
,
@sommfinance
, and the broader
@cosmos
. I’m blessed with amazing colaborators on all fronts. Thank you to you all 🙏🙇♂️ 2022 is going to be one hell of year 🚀🌖
Amazing to see so much
@cosmos
tech being used to automate internal process and bring real value to customers at
@jpmorgan
.
@axelarnetwork
and
@provenancefdn
key pieces here. Lots more to come on enterprise adoption in the next few months 🤫