Weekly CosmWasm Dev Digest #25 - August 8, 2024
ISSUE #25 - Cosmos Ecosystem Faces Security Tests 💥
Welcome to the latest edition of our blockchain and crypto news roundup! This week, we've got a wealth of updates from across the industry, covering governance, development, education, security and more.
From Osmosis proposing EVM smart contracts integration to improve user experience, to the Mars Protocol moving its governance system to Neutron - there's something for everyone in this packed issue. We've also got updates on exciting projects like Akash Network expanding globally, Stargaze launching meme coin trading, and Cronos Connect extending to Cronos zkEVM.
Stay informed, stay ahead of the curve, let’s go 👇
📣 Join me
If you are a talented CosmWasm developer looking to contribute to this fantastic industry, drop me a DM on X @jvr0x, I might have something for you 😉.
🚀 Releases
Trade your favorite memes on Stargaze, a platform for native meme coin trading, accessible through their website swap.stargaze.zone… Read more
The Wolf of Defi announces that the $RUNE pool is now live on THORSwap, a major milestone for @THORChain, expected to boost liquidity and drive up the price of $RUNE… Read more
Cronos Connect is expanding to Cronos zkEVM, bringing a comprehensive directory, guides, and insights to this new blockchain network with advanced features. Read more
Ethereum’s scalability boosted with the launch of Eclipse Mainnet, delivering Solana-like performance as its first “second-layer” solution… Read more
Lava Network launches its public mainnet using a new approach: market-driven valuation, targeted airdrops, and decentralized exchange listings… Read more
Noble Express simplifies cross-chain USDC transfers with one-click functionality, zero price impact (slippage), and a transaction history view… Read more
🛠️ Development
Oraichain launches $3M fund to support AI/automation projects with grants, bounties, investment, and more, aiming to foster innovation in its ecosystem… Read more
Akash Network expands its global reach with two new providers in Mexico and Brazil, connecting users to a decentralized “Supercloud” infrastructure… Read more
You can now deposit USDC from Ethereum to Osmosis using their frontend, which swaps it to Noble USDC for better trading and liquidity provider (LP) experiences… Read more
Aptos Foundation and OKX Ventures launch a $10 million fund to support growth in the Aptos ecosystem, fueling innovation and development… Read more
The Secret Network’s Confidential Computing Layer is integrated with Polygon PoS, enabling new features like private voting, encrypted storage, and secure random number generation… Read more
Keystone hardware wallet partners with Cakewallet to support Monero, adding another cryptocurrency option to its platform… Read more
Penumbra’s team has discovered a bug preventing USDC withdrawals. Hold off on transfers until a fix is found and a patch is released to resolve the issue… Read more
📚 Educational
Learn Zero-Knowledge Proofs with Shieldify’s curated resources: tutorials, workshops, MOOCs, and game examples covering intro to ZK smart contracts, security, and more… Read more
The Calculator Guy offers a thread on avoiding liquidation and responsible leveraging in DeFi… Read more
🤝 Partnerships
Kraken Pro offers 30+ collateral options, diverse profit payouts, and access to 190+ markets with its OM perpetual futures, now live for trading. Read more
JP Thor is investing significantly in Kujira, working closely with its team to launch a new phase, involving ThorChain and Rune. Read more
🛡️ Security
CosmWasm issues security patches for two vulnerabilities: “Large address count” and “Gas mispricing”, affecting wasmd 0.51, wasmvm v1.5.3, and other versions. Read more
💥 Incidents
Ronin bridge hacked, according to @shoucccc’s tweet, citing an EtherScan transaction. Read more
Community member expresses concern over Kujira FIN contract exploitation and “god wallet” manipulation, seeking transparency from TeamKujira on loan withdrawals and governance issues… Read more
Terra's IBC-Hooks vulnerability led to creation of fake ASTRO tokens; Astroport contributors quickly responded, retrieving stolen funds and mitigating damage, showcasing community efforts and cooperation in DeFi… Read more
🗳️ Governance
Osmosis proposes integrating EVM smart contracts and wallets to improve user experience, sharing revenue from taker fees in exchange for supporting native EVM integration. Read more
Voting is now open for Prop #945, which proposes allowing anyone to create a consumer chain in the Cosmos Hub ecosystem without needing approval. Read more
🌅 Sunset
CosmWasm 1.4 has reached end of life, upgrade to 1.5, 2.0, or 2.1 now for security patch updates. Read more
The Mars Protocol has moved its governance system to Neutron and launched a new $MARS token, marking a significant development in Martian cryptocurrency infrastructure. Read more
🎉 Events
Join us on August 16th, 2024 for a day of talks, networking, and food, sponsored by Akashnet, KiiChain, and LatamNodes. Secure tickets now at lu.ma/1y6uc8qw. Read more
🎊 Airdrops
Claim accumulated OM token rewards from any validator to earn KARMA, participate in MANTRA’s $50M GenDrop Season 2, and complete onchain missions for exclusive rewards. Read more
🎁 Additional
A major US Universal Basic Income study was conducted and results are extremely disappointing, but went largely unreported. Read more
Top 10 protocols by TVL (Total Value Locked): Maker RWA leads with $2.0B, followed closely by Tether Gold and Ondo Finance. Read more
🗞️ Other
Do Kwon, co-founder of bankrupt Terraform Labs, will be extradited to South Korea, not the US, after a Montenegrin appeals court rejected an American extradition request, citing $40 billion crypto collapse charges… Read more
🤝 Sponsors
If you are a project in the Cosmos ecosystem and would to get exclusive coverage, detailed articles or videos showcasing your product, please reach out to me at @jvr0x and let’s see what we can cook together!
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Happy coding,
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