Youssef
@youssef_amrani
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Founder @ATOMAccelerator | prev. research @Messaricrypto.
Joined March 2009
1/Today, The @Cosmos Theta upgrade quietly went live. The upgrade marks the official launch of Interchain Accounts, a module that has the potential to drastically boost interoperability, traffic and composability on the internet of blockchains. A thread.👇.
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The more I research @cosmos , the more I am impressed with the quality of the ecosystem. A thread 👇.
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Now that the $ATOM 2.0 vision has been unveiled, it’s time to unpack it. I had the privilege to contribute to the whitepaper so here’s a roundup of the newly proposed roadmap. A thread 🧵.
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I have been doing a lot of thinking lately about the $ATOM tokenomics and the overall role of The Hub within the Internet of blockchains. Here are a few thoughts and an attempt at bringing more clarity on this crucial topic. Long 🧵 ahead, buckle up!.
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1/ I spent some time thinking about how high $LUNA price might go this cycle. I've read a few price predictions based on how high $UST usage can go, which makes a lot of sense since the 2 tokens are intimately linked.
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$ATOM is not undervalued. It is extremely undervalued. Oh and a global revamp of tokenomics is coming soon as well. People tend to forget this one.
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$UST will eat USDC and USDT's lunch. Some of the retail already understood the value prop of decentralized, censorship resistant stablecoin. Institutions will follow soon. It's inevitable in the long run.
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#Cosmos is silently building an enormous ecosystem that :.- is scalable.- allows chains to be sovereign while exchanging/transacting between them.- provides chains with access to shared security through the interchain security. 1/.
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The @cosmoshub community just gave birth though proposal 95 to the very first DAO in its existence: the $ATOM Accelerator DAO. The @ATOMAccelerator is a grant focused DAO that won massive support from the community. A thread 🧵.
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$ATOM as default gas token in @cosmos can solve huge ux issues in the Interchain. Current gas token management in a wallet is a pain in the ass.
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$ATOM tokenomics revamp is happening in a bottom up, decentralized, transparent way. All in the open. It's honestly beautiful to watch.
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@cosmos is finally gaining legitimacy as a world class technology and ecosystem. Institutions are increasingly curious about it and will allocate accordingly. $ATOM is a sleeping giant.
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Just had to say this: I'm bullish $ATOM. I'm seeing a lot of positive energy and there are multiple strategic initiatives that are shaping up. Big things are coming. Keep grinding.
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Beyond excited by the proposal of @stride_zone to join ICS and the $ATOM economic zone. I have been working with the Stride core team the past few weeks and I was impressed with their vision and how fast and well they execute. Quick 🧵.
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1/ What a night yesterday! A thought for all my frens who got liquidated. Terra $LUNA $UST is a movement backed by a passionate, dedicated community and a genious founder. I don't believe the project will fail.
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At the rhythm this is going, someone is gonna need to create an AEZ focused DAO to provide first class support to prospective and existing partner chains. There is a LOT to work on to make AEZ successful.
The $ATOM economic zone has a smart-contract platform, a liquid staking provider and hopefully soon enough a cutting-edge DEX. Still missing a key DeFi primitive: a money-market. To remedy that, @Umee_CrossChain is joining the list of potential new consumer chain candidates ⚛️.
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Seeing again some interest in $ATOM from major VCs with regard to their liquid token allocation. Bullish.
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Slowly then all at once, the world is waking up to the tremendous value of app-chains built on @cosmos . Sovereignty, world class tech, interoperability and a burgeoning ecosystem can do marvels. $ATOM.
We’re excited to announce that dYdX V4 will be developed as a standalone Cosmos-based blockchain! 🔗🎉.
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$ATOM is busy:. 1. Replicated Security launched.2. Strong support of Neutron on-chain proposal .3. Strong support of Liquid Staking Module.3. High likelihood of Stride being the second partner chain.4. @ATOMAccelerator RFP around the future of the Hub and $ATOM to follow.
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So $IST stablecoin by @inter_protocol just launched after months of careful design. A thread on the current design and what lies ahead. Busy schedule. 🧵.
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An alignment of the 2 communities + saving @TeamKujira, one of the best builders in the Interchain, all of that while returning good financial value to the Hub is an attractive idea worth pursuing. Let us see if we can cook something🧑🍳. cc @l_woetzel.
Hey @ATOMAccelerator how about spending ~3m USD to bail out @TeamKujira ?. Should cover all the loans and you could get a revenue generating product back at a nice price (0.40c seems good).
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People keep bashing $ATOM for its weak tokenomics yet fail to understand the magnitude and importance of airdrop rewards. Think about it: by staking a decent amount of ATOM, you get exposure to dozens (soon hundreds) of newly launched app-chains. 1/.
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A few more hours. What a ride. $ATOM governance is unique. The Hub really is a political economy.
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$ATOM is up 10% on @stride_zone joining AEZ news, outperforming the rest of the market. Is this the beginning of something bigger?.
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The $ATOM economic zone unlocked by @cosmoshub is about to become a reality. Buckle up you're not prepared for what is coming.
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Cosmos badly needs a native, decentralized AND risk-minimized stablecoin. Been impressed with $IST @inter_protocol meticulous approach to design. Design is everything. Top team of economists working round the clock to bring to market the best engineered stablecoin.
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1/ The $ATOM economic zone is not an illusion and is slowly taking shape. It is composed of talented builders from world class teams like @Neutron_org , @stride_zone and @noble_xyz that chose the @cosmoshub as their homebase.
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One of my mental models:@cosmos is Wordpress while Ethereum is Shopify. In 2021, Shopify had 2.2 million active websites built on it. As of today, WooCommerce (e-commerce arm of Wordpress) has at least 5 million active websites . A thread🧵.
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Time for $ATOM to shine. Giga pumped to finally see Replicated Security launch in Cosmos. Next few months are going to be interesting. $ATOM economic zone in full motion now.
Six years after the ICO. Four years after mainnet. $ATOM is about to get a taste of value-capture. The Replicated security is live on the Cosmos Hub 🥳.
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$ATOM and @cosmoshub renewed visions as part of the tokenomics RFP @ATOMAccelerator has been working on are coming sooner than you think and it will be lit. Fingers crossed: we hope to announce the grant winners next week. Then it's game on.
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The Hub now has its own quarterly reporting on Messari 🤝. Report commissioned by AADAO. Q3 report now available to readers. $ATOM
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@cosmos ecosystem on fire right now. In the last 24h:.$LUNA: + 10%.$ATOM: +18%.$OSMO: + 12%.$JUNO: + 20%. Entire crypto up only 2.7% in the last 24h.
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Assuming some changes made by the Osmosis team, I would basically be able, directly from Osmosis, to withdraw the $UST and send it to Anchor to put my UST to work. This could be done in 2-3 steps without ever leaving the Osmosis website. 8/.
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The Hub is choosing progress over stasis and that is a fucking good news. The culture is changing. I haven't felt that optimistic on the future of $ATOM in a long time. Wounds are healing. A whole new world of possibilities is opening up. Permissioned CW here we come.
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The @cosmoshub is the technical launchpad for the Cosmos ecosystem and will capture value proportionally to the growth of the IBC economy. Interchain Security is just the beginning. $ATOM.
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$ATOM real rally hasn't started yet. Wait til @CosmoverseHQ and the unveiling of the new roadmap, that's where the real fomo starts.
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Gentle reminder that @ATOMAccelerator is the only decentralized organization that is elected and 100% $ATOM/ @cosmoshub aligned. We're just getting started and have great things lined up. If you know you know.
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$ATOM as the default interchain gas will (quite likely) happen and solve huge UX issues in the Cosmos while reinforcing the narrative of interchain money. I always thought it was important for $ATOM to go through that process. Let's see where it takes us. cc @GoldenStaking.
- Leap Wallet is focusing on establishing $ATOM as the primary gas token across Cosmos chains. - Users can seamlessly pay fees in $ATOM, making it the default option on consumer chains where supported. - The wallet will introduce a preference setting, prioritizing $ATOM as the.
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Anyone from @cosmos working on insurance products for DeFi? . I am surprised this crucial primitive is still absent from Cosmos.
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Now this makes me bullish on @cosmoshub shared security. Massive for the long term viability and attractivity of ICS by the Hub.
What if the Hub became a security aggregator, attracting billions in security from across the crypto space?. We are happy to introduce the @Bitcoin @babylon_chain x @cosmoshub integration! (Forum post in last tweet - don't miss out)
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This forum post by @l_woetzel needs more engagement. Extremely well articulated vision on what $ATOM should focus on.
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At some point, the Hub and the $ATOM community will have to revise their position on CosmWasm and prop 69. Not having CosmWasm diminishes the sovereignty of the Hub by forcing it to rely on external providers, which I see as a loss in sovereignty.
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Massive support so far of @Neutron_org, the very first partner chain to launch on Replicated Security by $ATOM. Neutron will be the smart contract layer of the @cosmoshub and rumors say a few (very) high quality projects will build on it, driving additional value to NTRN + ATOM
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When you think about it, it is a miracle the Hub was able to survive (some would even say thrive) for so long without a single dedicated team 🧵. In 2023, AADAO was a 9 month pilot grant program mostly composed of part time contributors and so the reach and impact were limited.
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@L1am_Crypto I encourage you to watch his video to have a better grasp on Interchain Accounts:.11/.
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The main benefits from Interchain Accounts are the following (s/o to @L1am_Crypto for articulating this):.- Streamlined user experience on the Cosmos ecosystem.- Unlock of new interchain services and business models.- Increased composability.- Increased cross-chain activity. 10/.
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To the $ATOM community, please carefully read the following post on the forum. We (AADAO) and myself need you to contribute to the following:
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AI agents need crypto and crypto needs AI agents. It's increasingly becoming my central thesis around crypto: eventually, most of on-chain volume & activity will be AI driven. token based, instant settlement, permissionless: the dream infra for AI.
"The problem for Web2 is AI agents don't click on ads" -@jmonegro.
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The Hub wants @noble_xyz to join its family. How can AADAO help?. cc @jelenaaa____.@jackzampolin.@zmanian.
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In about an hour, the Hub's community pool will be richer of 42M of the unclaimed $NTRN tokens, worth $24M.
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1/ It is crucial for $ATOM to benefit from the expansion of IBC. What better way to position $ATOM than having AADAO doing venture grants in soon to be connected IBC infra projects connecting Cosmos to other L0/L1s?.
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The current PA of $ATOM doesn't do justice to everything being built (or already shipped):. ✅ ICS v1 and soon v2, which is finally opening the floodgate to new projects using the Hub as their homebase, extending the size and reach of the AEZ.✅ Permissioned CW, which opens the.
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For the first time in a long time, I see a clear pathway for $ATOM to finally find its niche and be where it belongs: up there in the top 10. I'm not settling for less.
Lot of people believe in Cosmos. No one believes in $ATOM. This feels like a solvable problem.
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@cosmos You can see Interchain Accounts as granting blockchains the ability to open up their native functionalities as an “API” to be custom written by another chain, and then executing the write states to these endpoints over the Interchain Account channels 3/.
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The amount of (wasted) collective brain power that is going into on-chain governance in the Cosmos is staggering and symptomatic of broken mechanisms.
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@cosmos Interchain Accounts will allow the rise of a vast array of possibilities that further strengthen Cosmos as a precursor and established leader in blockchain interoperability. 2/.
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The signaling proposal (82) was rejected. I did not want to react immediately and preferred to take a few days in order to provide a less emotional, more rational perspective. A thread about this journey & the lessons I learned. 🧵.
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1/ @notionaldao asking funds through public governance is just a sign that alternative funding is broken in Cosmos. This is a last resort, desperate situation that is the result of months of frustration caused by the ICF. @notionaldao deserves every penny they are asking.
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2 more days to vote for $ATOM 2.0.Remember: this is only a signaling proposal and it has already been considerably modified to reflect the community's various concerns. I sincerely believe we have something here on which we can build a brighter future for the Hub 1/.
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Then I would have to take an extra step to put the $UST on Anchor (either directly from Terra Station or from the Anchor app). Now If both Terra and Osmosis have set up the Interchain Account module and opened a channel between them, that would be an entirely different User X. 7/.
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When one of the best allocators of capital endorses $ATOM, you should pay attention. Also agree on the overall portfolio.
A #BASE'd portfolio centers around:. $BTC $ATOM $SOL $ETH.
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In addition to the AEZ, we now have a subset we can call AGZ (ATOM Gas Zone, credit to @l_woetzel for the naming). $ATOM as gas is a byproduct of chains joining ICS 2.0 as most of them are choosing to use $ATOM. In addition to Evmos, @elys_network recently announced ATOM will.
4/ And did we yet mention that Evmos will use ATOM as gas for all transactions?. And now combine this increased usage of ATOM as gas, with the ATOM gas fee burn mechanism that's coming on v18. .
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@cosmos The project was visionary from the very first day with its multichain and interop approach. I also give value to the fact that there is no self-proclaimed leader. Some will say successful blockchains rely on hyper present leaders who set the agenda and pace. 1/.
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You only need to know 2 things to understand @cosmos. 1. Best in class tech in service of interop & sovereignty: .Tendermint, Cosmos SDK & IBC.2. Vibrant and passionate community where members are willing to help each other for the greater good of the ecosystem. That's it.
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@cosmos @osmosiszone Let's say I want to withdraw some $UST I have parked there and then put that UST to work on Anchor for a 19.5% yield. Currently, to do that, I would have to withdraw my UST from Osmosis, then go to my @keplrwallet wallet and send the UST to my Terra wallet. 6/.
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Funny how bull markets keep starting with promising projects then slowly moves to valueless, hyper financialized ones. This bear market is welcomed. We need a reset. Focus again on useful projects/features. Tired of endless copy/pasta with no added value. We deserve this.
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We talk a lot about native $USDC being issued on Cosmos Hub through ICS but not enough about @Neutron_org who's bringing Lido, the king of Liquid Staking. ICS hasn't launched yet and already includes 2 of the strongest brands in DeFi. Osmosis is not alone anymore in DeFi.
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Crypto is not for the faint of heart. It requires courage & a conviction that we're building something valuable and necessary that will last for the centuries and millennials to come. To all the people who are still hear despite the horrible conditions, I salute you. 🎩.
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Now that we know the WHY, we also need to investigate and discuss the HOW. Stay tuned for my next thread, where I’ll be covering how we can improve $ATOM utility and legitimacy within the Cosmos and beyond. Fin.
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Super proud to be part of @MessariCrypto Mainnet. 2023 in two weeks, representing @cosmos and the @ATOMAccelerator . I'll be part of a panel alongside @jelenaaa____ and @dgogel, where we'll explore the opportunities and challenges within the Cosmos ecosystem. Long Interchain!
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@cosmos @osmosiszone While most chains adopted a ''collect the fees first then build'' approach, Cosmos intelligently went backward. Build first a world class product then work on monetization once the audience (apps, users, devs) is satisfied with the product. 15/.
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Just claimed my $ARCH airdrop and it was smooth as silk. Great UX.
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Giga pumped for this one. Stellar team to join the #AEZ family. $ATOM + $STRD + $NTRN is a good look.
Stride's AEZ + ICS prop is live on Cosmos Hub 🎉. Should Stride join the ATOM Economic Zone and adopt interchain security?. It's up to ATOM stakers to decide. 🗳️ 👉
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Bitcoin gave birth to the first internet native decentralized economy. @cosmos birthed internet native decentralized political economies. @buchmanster.
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In that regard, the analogy of parachains being tenants vs Cosmos app chains being owners make sense. In my next Cosmos vs Polkadot thread, I’ll cover the state and maturity of their ecosystems. Thank you for reading!.
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1/. Hub's assets $value:.$ATOM: $37 M.$NTRN: $64M.$AADAO: $11M.$POL: 20 M (entirely denominated in ATOM-stATOM). Total: $132M. Only issue: not a single $ in stablecoins. It's gonna be critical to diversify into stables a meaningful portion in anticipation of the bear market.
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@cosmos It allows an end user to mandate the blockchain A on which he has assets to perform an action on Blockchain B. To better illustrate my point, here's an example: currently, let's say I'm using @osmosiszone (which is a sovereign app-chain built on Cosmos) for my trades. 5/.
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@L1am_Crypto The direct consequence is mind blowing: current chains will be able to develop new composable primitives, enabling a transition from their native, single chain business model to interchain native business models, thus making the scope of their impact orders of magnitude higher.
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17/ Therefore, LUNA price will continue to grow exponentially. The bet of @stablekwon will pay off because the world needs a decentralized, non censorable stablecoin. The $UST value speaks for itself.
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@cosmos I'd argue that a blockchain with no obvious leader is more in the spirit of decentralization and clearly deserves a decisive spot in the crypto landscape. I have been following @buchmanster , co-founder of Cosmos for quite some time now and he has been able to engrain 2/.
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Congratulations @jelenaaa____ you've proved your commitment to @cosmos time and again!. Native $USDC is a big deal for Cosmonauts and native asset issuance is one of the core missing pieces in Cosmos. Excited to see what other assets come on @noble_xyz !. #cosmosSZN.
1/ Im so excited to officially announce that native USDC is coming to @cosmos and that I've joined @noble_xyz full-time as co-founder & CEO. So, how did this all come to be? Story time :) .
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@L1am_Crypto @buchmanster I personally see Interchain Accounts as the third major innovation in Cosmos, with the first 2 being:.- Ability to build sovereign chains using Tendermint and Cosmos SDK.- Ability through IBC to do transactions between them.17/.
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So far on prop 82:. - Turn out : 5.7% .- 87% positive.- All validators voted yes (12/12). $ATOM 2.0.
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