Hi Cosmonauts! ⚛️
Welcome to the Cosmos ecosystem news roundup, here are the top stories in Cosmos in the 1st half of October:
BITCOIN GOES TO COSMOS:
Bitcoin holders will soon have at the end of October a new decentralized and permissionless option with Nomic’s nBTC to deploy capital in Cosmos DeFi and earn yield. In this episode we explain in detail why nBTC is more secure, permissionless and decentralized than wrapped BTC
DYDX V4 CHAIN LAUNCH PHASES:
As the mainnet launch of the dYdX v4 chain is approaching, there will be several phases of this launch including pre-genesis, genesis, and several post-launch phases, all the details are in this episode. Also, we cover additional important dYdX governance discussions related to the migration to the new v4 chain such as v4 incentives or migration of treasuries
KEPLR SWAP FEATURE:
A new useful swap feature has been added in the Keplr wallet greatly improving the UX
Focused sections about Osmosis, Injective, Secret Network, Persistence, Juno, Stride and Crypto regulations and compliance updates with MME
All this and much more in this episode, and now for today’s top stories
Summary & Timestamps:
- BTC holders can earn yield in Cosmos Defi with nbtc, a more secure and decentralized option than wrapped BTC. 00:07
- nbtc has decentralized custody of BTC, while wrapped BTC relies on a centralized custodian, bitgo.
- With nbtc, BTC holders can earn yield through Cosmos Defi instead of keeping their BTC idle.
- Native wrapped BTC on Osmosis provides non-custodial and permissionless ownership of Bitcoin. 02:45
- BTC holders see centralized custodians as a higher risk, leading to a decrease in BTC reserves.
- The nomic BTC side chain, called the Peg Network, is decentralized with 100 validators
