This Week in Cosmos with WhisperNode

Welcome to This Week in Cosmos, brought to you by WhisperNode, your go-to roundup of the most compelling developments in the Cosmos ecosystem.

What did we cover this week?

• Cosmos ecosystem highlights: Injective, Secret, Sei, and more

• New earning opportunities

• Galxe of opportunities: Career openings, Bounties for devs, Hackathons, and more

• Missed last’s week highlights? Read Here
  
  
  

What's New in Cosmos, Interchain and IBC

• A New Era of Injective: Limitless Scale

  Injective has significantly improved its blockchain performance, reducing block times to 0.65 seconds and boosting the network’s efficiency, making it one of the fastest Layer 1 blockchains.
  
  Key factors include optimized state synchronization, enhanced resource management, and refined consensus mechanisms. The improvements benefit users with quicker transactions, developers with a more responsive platform, and institutions with high-speed financial operations.
  
  
  

  

• SA World Launching it GamFi on Injective
  SA World is one of the largest Web3 gaming platforms with over 500,000 users and has chosen Injective as its primary L1 chain to launch new GameFi apps.
  
  Introducing Injective - the house to SA World flagship games. The Injective badge is now available on The Great Escape, granting INJ holders and stakers an instant 5% Booster and bonus xEntropy. Be early to complete in-game tasks, squeeze all social quests and refer your friends to this Escape. Ultimate Guide here
  
  

  

  
  

  
  
  

• Solving Ethereum's Interoperability Problem
  Axelar and OpenZeppelin are collaborating to enhance Ethereum's interoperability by integrating Axelar into OpenZeppelin's libraries and Contracts Wizard and enabling seamless cross-chain interactions within the EVM ecosystem, improving user experience and making it easier for developers to build interconnected dApps.
  
  The partnership will also focus on developing Ethereum Improvement Proposals (EIPs) to address broader interoperability challenges. Security and open-source development are key priorities, with all deliverables made publicly available.
  
  

  

• State of Akash Network Q2 2024
  In Q2 2024, Akash Network saw growth in demand, with new leases up 44% QoQ and revenue reaching $176,000 (+8% QoQ). GPU supply increased significantly, with an average of 184 GPUs onboarded daily (+91% QoQ).
  
  Active providers grew to a daily average of 74. Key integrations, such as with Brev (acquired by NVIDIA) and Prime Intellect, expanded Akash's reach in AI and machine learning. Long-term stakers benefited, seeing a 22x growth in rewards. Report from Micah Casella at Messari
  
  
  
  

  

• Bitcoin Staking Mainnet Phase-1 is live
  Introducing self-custodial Bitcoin staking. This marks the third native use case for Bitcoin, allowing users to stake Bitcoin to secure PoS networks and earn rewards, alongside its use in value storage and payments.
  
  The staking cap for Babylon Bitcoin Staking Mainnet has been reached. Thank you to all participants for supporting this launch. Stay tuned for updates on upcoming events in the Babylon Bitcoin Staking Mainnet.
  
  

  

  
  
  
  

• Rivalz has successfully closed $9M in funding
  Rivalz has successfully closed $9M in funding across multiple rounds. Rivalz introduces an AI Intel Layer powering an ecosystem of modular AI-apps. A DePIN-based RollApp built on top of Dymension, using Celestia and Eigen.
  
  A significant step towards establishing the future of private and verifiable AI infrastructure through our AI DePIN Intel Layer, covering both data provision and storage.
  
  

  

  
  
  
  

• Introducing a fully refreshed Portfolio page
  Osmosis has launched a fully refreshed Portfolio page, offering a comprehensive view of your assets. Key updates include fresh charts to track portfolio performance over different timeframes, a revamped table view to manage balances, LP positions, and quick asset interactions.
  
  You can now get detailed insights into your portfolio allocation, including staked and pooled assets. Additionally, the new page allows you to view and access your recent activity, from a quick glance at recent trades to your entire trading history on Osmosis.
  
  
  

  

  
  
  

• Sei Network had a busy week with key achievements
  TVL hit an all-time high of $101M, the Creator Fund received 15k donations in one week, and Sei Fitness Club delivered 1 ton of rice to 100 families in Tianyar. Tommy joined as the NFTs Business Development Lead, while Silo surpassed 30M $SEI staked.
  
  Modern Market launched its "What Are They SEIing" segment, DragonSwap partnered with Stargate for new pools, Seiyan.fun announced Meme Madness, and Pallet DegeNS domains will start expiring if not renewed.
  
  

  

Earning Opportunities! Galxe quest, Giveaway and NFTs

• Arch Marks the Spot

  Join the "Arch Marks the Spot" scavenger hunt to win a share of 500 USDC. Start by searching the Archway website and docs for hidden clues and keywords.
  
  The first keyword is "VALUE CAPTURE." Collect all 5 clues and submit them on Galxe to enter the raffle. 20 winners will share the 500 USDC prize.
  
  

  

  
  
  
  
  
  
  

• Berachain will be entering into a STICKER COMPETITION on STIX soon
  Berachain is entering a sticker competition on STIX soon. To participate, mint a pass via the provided link.
  
  Start brainstorming and practicing now—quality is important as low effort stickers will reflect poorly on the project. Focus on creating funny or creative bear-related stickers. Winners will be rewarded. Stay tuned for more details.
  
  

  

  
  
  
  

• The Master Ninja

  The “Master Ninja” event offers up to $20,000 in rewards. Participants train by completing tasks on the xNinja.tech platform with partners including Injective, SpaceID, and Dagora.

  
  The event runs from August 2nd to August 30th, 2024. Rewards are split into a $18,500 share pool and a $1,500 exclusive raffle pool. To join, import your xNinja wallet address into Ninji Wallet and complete tasks to earn GEMs. Referral codes and friend invitations boost rewards. Full details and terms are available on Ninji’s blog.
  

  

  
  
  

• Axelarators Season 5

  Axelarators, get ready for Season 5 with Interlinked DAO! In August, 5,500 AXL will be awarded to top contributors. The top 20 contributors, selected by admins, will receive rewards ranging from 150 to 550 AXL. Additionally, three community members will be randomly chosen for extra rewards.
  
  Stay tuned for big surprises in Week 2. Keep engaging with the Axelar ecosystem, amplifying tweets, and participating in the Telegram chat for more chances to win.

  
  

  

  
  
  

• Bitget and Sei Reward Season 2

  The Task2Get campaign is back, offering a total reward of $180,000 worth of $SEI and 365,000 points and NFTs. Participants can win by exploring the Sei V2 Ecosystem DApps and completing tasks.
  
  Rewards include $100,000 worth of $SEI shared based on NFT points ranking, $20,000 for new users, and $60,000 along with 365,000 points from ecosystem projects for completing interaction tasks. The campaign runs from August 1st to August 29th (UTC+8).
  
  

  

  
  
  
  

• Earn $500,000 $UNI Liquidity Incentives

  $UNI liquidity incentives are live on Sei Network. LPs can earn incentives by deploying a position on Oku and claiming $UNI on Merkl - Reward Hub.
  
  No staking is required; the address holding the position can claim the rewards. $500k in $UNI incentives will be distributed over the next 3 months: $200k for WETH/USDC (0.05%), $150k for USDC/USDT (0.01%), $75k for WSEI/USDC (0.05%), and $75k for WSEI/WETH (0.05%).
  
  

  

  
  

A Galaxy of Opportunities

• Sei Foundation Launches $50 Million Japan Ecosystem Fund to boost Gaming, Social, and Entertainment Sectors

  
  The Sei Foundation launched the $50M Japan Ecosystem Fund to support early-stage and scaling startups in Web3 gaming, social, and entertainment on Sei Network.
  
  Announced at "Sei Web3 Day for Japan" in Tokyo, the fund aims to enhance Japan’s crypto space and remains open to innovative blockchain projects beyond these sectors. Apply here
  
  

  

• Seiyan Superfrens Memecoin Madness

  Seiyan Superfrens Memecoin Madness launches on August 1st, offering over $1M in liquidity incentives in $SEI, $ISEI, and $SEIYAN. The campaign includes rewards through Dragonswap kickoff, partner pools, Meme.trade, Seiyan.fun incentives, and single-sided staking with SAGA NFT.
  
  Key participants include $SEIYAN, $POPO, $MILLI, $FROY, and supporting platforms like DragonSwap and Kawa Finance. The campaign runs for a month, with potential for extension based on engagement and TVL metrics, aiming to energize the memecoin landscape and foster DeFi growth on the Sei Network.
  
  

  

  
  
  

• New $85,000 competitive audit

  The Axelar Foundation has announced a competitive audit with a prize pool of $85,000. In collaboration with Code4rena, the audit aims to reward code auditors who identify high-impact and unique vulnerabilities.
  
  The audit is open until August 26, offering guaranteed payouts for all legitimate findings. This is not a bug bounty; it’s an opportunity for auditors to earn rewards for their discoveries. Read the audit documentation and start hunting today!
  
  
  

  

  
  

• Phi Labs is hiring

  Phil Labs is a core contributor to the Archway Protocol, a layer 1 blockchain enabling developers to capture the value they create. We contribute one block at a time through numerous engineering, operational, design, and marketing initiatives.

  
  Join Phil Labs and start building as we're hiring for several remote positions: Social Media Manager, Business Development Lead, NFT Ecosystem Lead, Backend Engineer (Protocol), Site Reliability Engineer (Network Experience), and Engineering Manager (Protocol).
  
  

  

  
  
  
  

• Berachain Careers

  Berachain is a high-performance, EVM-compatible L1 Blockchain, looking to challenge the traditional Proof-of-Stake ethos.
  
  

  Open roles: Indonesia Growth Lead, Japan Growth Lead, Liquidity Lead, Philippines Growth Lead, Singapore Growth Lead, Thailand Growth Lead, Marketing Lead, Developer Relations Engineer (DevRel), Senior Software Engineer | Core, Staff Software Engineer | Backend, Staff Software Engineer | Smart Contracts, APAC Growth Lead.

  
  

  

  
  

A Universe of Airdrops

The cosmos is alive with airdrop excitement.

• Check your $DGN airdrop allocation and eligibility via the provided link, with multipliers available for NFT holders and $ATOM stakers across three tiers.

• Convert staked $ATOM to $dATOM without unstaking for the Droplet $DROP Airdrop, with a minimum of 10 ATOM and staking via a Drop Validator.

• The $SAGA Vault Four Airdrop will be distributed on August 30th, with claims closed on August 21st at 10AM PDT.

• Check your $NAM Airdrop balance and allocation for Namada Genesis using your wallet's transparent address.

• Ongoing $STRD Airdrop claims and insta-unlock options for $stTIA, $stDYM, $stSAGA, and Season 20 are live, with varying deadlines.

• Tabi Chain, a modular gaming blockchain built on Cosmos SDK and backed by major investors, is launching Mainnet and an airdrop soon with ongoing eligibility through Testnet V2 and node mining.

• $RISE airdrop updates: Wave 4 includes incentivized testnet participants and boosted campaigns; eligibility includes $TIA stakers

Everything Testnet

• ALLiN BETS TESTNET IS NOW LIVE
  The ALLiN BETS Testnet Phase 1 is now live on Dymension, open to the first 200 players.
  
  Players can use the web app to claim tokens from the faucet. If you miss out, Phase 2 begins on 02.09.2024, increasing the cap to 1000 players.
  
  

  

• DeFund has launched its Testnet
  DeFund has launched its Testnet, aiming to be the hub for cross-VM liquidity by solving interoperability challenges in DeFi. Built on Rollkit with Celestia, DeFund mitigates impermanent loss and connects ecosystems for a seamless DeFi experience.
  
  Participants in the Testnet will help test the necessary infrastructure and will be rewarded. To join, check the testnet guide and consider the Ambassador Program for further involvement.
  
  

  

  
  
  

Reminder on ongoing Testnet

• Sunrise Testnet

• Movement Public Testnet is live

• Aigisos Incentivized Testnet

• Union Public Testnet is Live

• Berachain's Public Testnet bArtio B2 is now live

• Closed Beta Launch — How to get started with Bull & Bear

• SEDA technical roadmap: From Mainnet Beta v0.1 → Mainnet v1.0

• Civitia Incentivized Testnet is LIVE Continues

• Rivalz Incentivized Testnet Continues

• Babylon Bitcoin Staking Testnet-4 Launch

• Soarchain - Runner Drop

• Initia Incentivized Testnet

• Crynux DeAI Testnet is Live

Cosmos IBC Analysis

Over the last 7 days, IBC value transfers peaked at $26.6 million on Osmosiszone, followed by $13.2 million on Cosmoshub, $12.2 million on Axelarcore, $4.9 million on Akashnet, and $4.2 million on SecretNetwork.

Shout out Cosmsolytics

Key Governance Votes on IBC-Chains  

• VOTING IN PROGRESS: Support Team Funding Proposal

• VOTING IN PROGRESS: Declaration of No Confidence in the Interchain Foundation (ICF) Leadership: A Call to Action

• VOTING IN PROGRESS: Upload Injex Finance Staking Contract Wasm Code

  
  

  And remember, for an optimal staking experience, choose WhisperNode as your validator