TL;DR of day 1 including the Opening Ceremony & the Bitcoin Track.

- The future of $ATOM and the Cosmos Hub
- Insights from the Mantra Chain keynote
- Bitcoin Renaissance via Babylon
- The Bull Case for BTC-Fi
- Polaris The Token Portal
- IBC Eureka
- Hot takes & alpha from the BTC panels

What's the purpose of $ATOM?

Who does $ATOM serve & what does it provide?

- Security?
- Liquidity?
- Governance?
- Venture?
- Scalability?
- Interchain Capital?

Click on the picture below to learn more about the future of $ATOM and full rundown of services the the Cosmos Hub could provide to the interchain.

Mantra Chain the purpose-built L1 for RWAs

Mantra has three core features to facilitate the tokenization of real world assets:

1) Decentralized Identity Module
2) RWA Tokenization Module
3) Compliance SDK

Why tokenize RWAs on Mantra?

- Purpose-built chain specialized on RWAs
- Fully compliant with securities laws
- Full control over the stack
- Modularity

RWAs are a Multi-Trillion $ Opportunity

BCG forecasts that $16T worth of assets will be tokenized by 2030.

- That's a 12x growth over the next 6 years.
- $1.3T assets are tokenized as of today.
- RWAs like: Gold, USD, US Treasuries, Real Estate, Art, IP Debt, etc.

AUMEGA - The Application Layer built on Mantra

- Modular execution layer for RWAs.
- RWA liquidity hub.
- VARA licensing for exchange, brokerage & asset management.
- Built by the Mantra team.

The Future of IBC

IBC is a general-purpose message-passing protocol that aims to become the TCP/IP for blockchains.

Some IBC stats of today:

- 119 chains connected via IBC
- $1B volume (30-days)
- 1.5M monthly active users
- $32B market cap of IBC connected chains

IBC Eureka

IBC Eureka is a new version of IBC that will go live in 2025 with

- EVM Compatibility
- New Extensibility
- Reduced Complexities

Polaris - The Token Portal

Polaris is a one-stop application that offers users to trade all tokens, across all chains in one App.

- All tokens, All chains, One App.
- Solving the Great Chain Devide.
- Bringing superior trading UX, asset breadth & privacy to users.

Users are not chain maxis, they just want to trade everything. @Sunny

The One-Stop trading interface

Users can simply connect one of their existing wallets (MetaMask, Phantom, Keplr, etc.) to interact with Polaris and trade all tokens across all ecosystems.

Unique features of Polaris

- Use existing wallets
- No intermediate wallets needed
- No more deposit button
- Minimize manual approvals
- Avoid on-chain contracts
- Avoid gas dead-ends => Native Gas Station
- MEV resistance via private mempools
- PF view across all chains

Bitcoin Renaissance

Babylon Bitcoin staking will bring:

a) Bitcoin security
b) Bitcoin liquidity and
c) Bitcoin users

to the Cosmos ecosystem so that App-chains can retain their sovereignty!

Babylon brings a 3rd native use case to Bitcoin:

1) Store of Value
2) Payments
3) Staking (bringing yield to BTC holders by securing other chains)

And it only takes about 2 hours to integrate $BTC staking into App-chains.

The Cosmos ecosystem will play a crucial part in the Bitcoin Renaissance and be in the center of it. Fisher Yu

The Bull Case for BTC-Fi

- $BTC is the 10th biggest asset in the world
- It's extremely secure
- Super decentralized
- It has a massive mindshare and unmatchable branding

The Bitcoin Timeline

The below graphic beautifully showcases the historic Bitcoin Timeline, starting off with the initial whitepaper, including the legendary 10K $BTC pizza transaction all the way to BTC-Fi.

BTC-Fi, why now?

Because now we are finally bringing the tech to the asset $BTC and not the other way around.

- Bitcoin Staking
- BitVM (smart contracts on BTC)
- Bitcoin L2s

Zero Trust Bitcoin Platform

Native Network is bringing the following innovations to Bitcoin:

a) Permissionless & efficient settlement
b) Interoperability and various VMs
c) Fast finality
d) Liquidity

Hot Takes from the BTC panel

- Babylon is working in the background on Bitcoin bridging & BTC Rollups.
- Babylon will be the first chain to be secured by Bitcoin and BTC stakers will earn Babylon tokens as staking yield. SankhaB.

- Bitcoin will be the base money and DeFi asset of all of crypto.
- $allBTC is going to be the primary capital asset in Cosmos.
- Infrastructure is ready for Bitcoin DeFi summer.
- Restaking is a way to incentivize faster iterations of the BTC protocol. Sunny

- Asian institutions are more "risk on" than Europeans when it comes to Bitcoin staking and generating yield on $BTC
- The Cosmos state machine, IBC, CosmWasm is by far the most superior tech stack to build an Appchain. JPThor

And for those of you, eager to learn more, here's the link to full 8h video recording of Day 1 of Cosmoverse.

That's it, thanks for reading folks.

We hope this article helped you stay up-to-date with the latest developments in the Interchain.

Disclaimer

This article is intended to educate readers about certain topics and does not constitute financial advice in any way.