Interchain News #5

Another thrilling week in the Interchain has wrapped up, with lots of exciting product announcements, fresh airdrops, snapshot updates, mainnet launches, AI agent launchpads, incentivized testnet quests, newly revealed roadmaps & tokenomics, chain upgrades, and so much more.

Everything bundled in this article. Enjoy!

Eclipse Public Mainnet is live

Eclipse is an Ethereum L2 that uses the SVM for smart contracts and execution speed, and Celestia for DA.

- Ethereum's first SVM L2.
- Solana on Ethereum.
- With Celestia underneath.

The Modular Era is upon us. Eclipse everything.

The Mantra Airdrop Checker is here

The Mantra Chain GenDrop checker is finally here. Over 350K addresses are eligible for the 50M $OM airdrop, distributing a total of $70M to different communities across the Interchain.

Eligibility Criteria:

- 60% of the airdrop went to KARMA Pre-Mainnet Quests
- 12% to Galaxy Season 1
- 8% to $ATOM stakers (Mantra Node)
- 202 $OM per Bad Kid + $23 $OM per Bad Kid
- 810 $OM per Celestine Sloths
- 210 $OM per Pudgy Penguins
- 153 $OM per Mad Scientist
- 3.5% to testnet validators
- 1% to Mantra NFTs

Here you can check your $OM airdrop eligibility.

Note that there is a 1 month cliff, followed by 11 months of linear vesting. 20% of the $OM airdrop will be unlocked after the 1-month cliff.

Hydro opens the Floodgates

Last week, Hydro "The Interchain Liquidity Allocator" started it's inaugural pilot round.

Hydro is a marketplace for liquidity, that matches liquidity providers (degens & LPs) with liquidity seekers (DeFi protocols). Liquidity seekers can offer tributes "bribes" to LPs to vote for them and allocate $ATOM liquidity to their protocol.

- Hydro offers ~10% APR on top of ~15% $ATOM staking APR.
- In less than 24h the cap of 20K $ATOM was hit.
- Round 2 will go live soon with a higher cap.

Cronos is going all in on AI

Cronos Chain revealed their blueprint for an AI agent powered ecosystem, making Cronos the primary chain for all AI agents to pay, receive and move value over the internet.

- New AI based roadmap.
- New $CRO tokenomics.

ASI: Create - The AI Agent Launchpad

Artificial Superintelligence Alliance introduced their latest product ASI: Create, a AI launchpad that makes launching AI agents as easy as deploying a smart contract.

A TL;DR of the key features of ASI: Create

1) AI Launchpad: Crowdfunding & grant access for AI projects, tools for rapid AI development, affordable hosting and compute power.
2) Cross-Domain GenAI: Support for Apps across various industries, powered by LLMs, knowledge graphs and accurate responses.
3) Developer Spaces: Facilitating connection with users, data buying - selling and trading, integrations with Telegram, Discord and X.
4) Pre-Trained Custom AI Agents: Customizable templates for various AI capabilities, reduced development time and faster iterations.

Stargaze Marketplace v2 is out 💫

The main of the Stargaze Marketplace v2 are alternative denominations. Creators can now list their collections in $ATOM, $TIA, $OSMO, $USDC, or $STARS.

Sloths are already priced in $TIA, Mad Scientists in $OSMO and Bad Kids are now tradable in $ATOM.

Many other UX & UI improvements come with v2 like:

- Real-Time Pricing: Live price updates across all assets.
- Collector & Trader Mode.
- New offers tab & filter options.
- Collection offers revamp and much more.

Osmosis Updates 🧪

Community Pool to acquire $250K $BTC

A proposal on the Osmosis forum proposes to acquire $250K worth of Bitcoin to establish an additional $500K of BTC/USDC liquidity.

- Strengthen market depth for Bitcoin.
- Decrease slippage & enhance trading reliability.
- Generate additional protocol revenue.

Osmosis is accelerating!

- New lowest block time of 1.61 seconds.
- Aim is to reach sub second blocktimes with instant finality.
- Faster! Sub second blocktimes soon!

Batch 27 unveiled by OGP

Osmosis Grants Program announced Batch 27 with a total of $68,5k funding going to 4 different team.

1) Ordinox: BRC20 bridge to seamlessly transfer RUNEs and BRC20 to IBC chains, boosting RUNEs activity on Osmosis.
2) Obi: Creation of CosmWasm courses, for better developer onboarding.
3) HathorNodes: APR research to lower liquidity incentives for the DEX.
4) Data Lenses: Updating and maintenance of the Osmosis Data Dashboard.

Are you ready for dYdX MegaVault?

dYdX MegaVault will soon offer a new way of putting your $USDC to work earning passive yield on your behalf. Here is how it works:

1) Deposit USDC into the MegaVault to boost liquidity across dYdX markets.
2) Better liquidity enhances trading UX and drives volumes.
3) Higher trading volume leads to increased protocol fees.
4) More fees mean higher yield for MegaVault depositors.

Akash is ramping up its GPU supply

Prop #273 just passed, providing funds to scale the GPU supply on the Akash Supercloud to meet the recent rise in network usage.

- Allocating $10M in GPU provider incentives
- 256 x H100-80
- 256 x A100-80

Next to adding GPU capacity to the Akash Supercloud, it is also expanding geographically and decentralizing at the same time by adding three new compute providers in LATAM.

- Two in Buenos Aires (Argentina).
- One in Bogota (Colombia).

Interchain Ecosystem Map

The first comprehensive map of all projects, chains, Apps and teams working, contributing and leveraging the Interchain Stack.

1 of the following 3 Criteria must be met to make it onto the map:

- Building on the Interchain Stack (Cosmos-SDK, CometBFT, IBC, Wasm).
- Using Celestia for DA.
- Being Bitcoin aligned and building around Babylon.

Airdrops 🪂

SAGA Snapshot

Yet another SAGA snapshot has been taken earlier last week. This snapshot was for SAGA Power Level Over 9000 - Vault 7.

The airdrop eligibility checker followed up by the airdrop claim portal will open up later this months. Stay tuned!

Tribble Invasion

The first intersubjective, stake-able, cross-chain capable meme coin is about to go live and airdropped to thousands of wallets.

What to do to maximize your Tribble airdrop?

1) Join the Agoric Discord.
2) Verify yourself and get the tribble role.

Elys Network Snapshot

Elys Network took a snapshot of all $ATOM stakers on November 8th.

More details around the eligibility criteria and the upcoming airdrop will be unveiled soon.

Sunrise Incentivized Testnet v2 is live

Testnet users will engage in thrilling quests, earning Haru Yen which can be used to unlock items and levelling up their Haru (bird pet) along the way.

- Users will earn a $RISE token airdrop based on the level of their Haru.
- Here's a step by step guide on how to level up your Haru.

eSports betting on-chain

Vendetta Markets is a fully on-chain betting platform focused on eSport built on Neutron.

- Users can bet on the outcome of famous eSports games like Counter Strike, LeagueOfLegendes, Dota 2 & Volarant.
- No KYC to register & fully permissionless.
- Censorship resistant & open to everyone.

Early users of Vendetta Markets might be eligible for a future airdrop.

A new Skip:GO widget is live

Skip Protocol offers the best-in-class cross chain UX to onboard liquidity and users from anywhere in crypto to your Application.

- Fast and cheap bridging.
- Following the most efficient paths.
- Abstracting bridges and DEXs from the users.

The new Skip:GO widget can be added to any site with just a short code snippet.

That's it for this week. Thanks for reading folks!

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

#InterChainNews5

Disclaimer

This article is intended to educate readers about certain topics and should not be considered financial advice in any way.