Happy July, Diplomats! We’ve made it through the first half of the year. I can’t wait to see what’s in store for the second half. With Tashi launching next month, Forge continuing to grow and new partnerships and tokenomics 2.0 in Q4 we have a lot to look forward to.
If you have any news that you’d like to send our way or are a developer looking to have your project covered by The Diplomat please email [email protected] we are here to support the continued growth of the Evmos Ecosystem!
Now, on to the…
Ecosystem Updates!
Evmos 2.0
Evmos has announced several significant updates for the upcoming Evmos 2.0. The update reaffirms Evmos’s commitment to becoming a fully interoperable EVM on Cosmos, strengthening their position as the original team behind EVM on Cosmos. They are introducing new tokenomics to enhance elasticity in token emissions and distribution, allowing for adaptability to market conditions and providing incentives for growth; expected in Q4.
The Evmos EVM Extensions will boost innovation in Cosmos by enabling StakeFi and IBC composability for smart contracts. Additionally, “Outposts,” such as Stride and Osmosis, will extend liquidity limits by enabling dApps to connect directly with IBC chains. Evmos 2.0 will also incorporate Dynamic IBC (dIBC), which allows smart contracts to create their own IBC apps, fostering the creation of the next generation of dApps on Evmos.
A new software license is also on the horizon, aimed at protecting intellectual property rights and creating a value alignment between Evmos SDK chains and Evmos users. Lastly, Evmos shared their intention to rebrand to symbolize this new project phase under a leadership team wholly devoted to its success. Co-Founder Federico speaks about it here.
Inferno Incentives Round 3
Inferno Incentives — Round 3 are now live, the remaining round 1 rewards have been rolled into this as an extra bonus. Stake eligible LP positions with Revert to earn rewards at https://revert.finance/#/incentives/evmos. You must restake within the new contracts to start earning Round 3 rewards. All of the positions with the old contracts have been unstaked. If you have unclaimed rewards from the old contracts, visit https://v3staker.revert.finance/#/account to claim.
EVM Extensions Coming Soon!
Unfortunately, the delay in reaching its on-chain voting period means the v13 upgrade will take a bit longer to roll out. Still, we anticipate the debut of the first EVM Extensions soon, encompassing staking, distribution, and IBC transfers. These precompiles will empower smart contracts with the ability to access logic beyond the EVM’s scope. For more information on these new capabilities, check out the Evmos Academy.
DoraHacks Winners
The DoraHacks EVM Extensions hackathon has come to an end, after encouraging developers to build innovative applications utilizing EVM Extensions. For a list of the winners, visit the official results page, and watch the closing ceremony on Binance Live.
Insights and Innovations: Exploring New Dex Frontiers
An insightful Twitter Space was hosted by Celer, featuring Forge, where they explored the new DEX frontiers. The session focused on the innovations in the respective ecosystems.
Forge Zealy Quests Winners
The winners of the Forge Zealy Quests have been declared. Congratulations to all participants. Check the list here for the winners. And new Quiz Quests have been added to Evmos’ Zealy, providing more opportunities for engagement and competition. Interested individuals can participate via the following link.
ERC-20 Token Support Live on Leap Extension
Leap Extension’s support for ERC-20 tokens is now active, making it the first to support the first IBC enabled ERC-20 on Cosmos, the NEOK token. This development is set to extend Evmos’ reach across the Cosmos. Learn more here.
Evmos Community Call Recap
In case you missed this month’s Community Call, which featured the new Tashi protocol, catch up with the Spaces audio or a Twitter recap thread.
Recent Evmos Grants Updates
Encode club has released the Evmos Grants updates for June. The updates showcase the progress made by many talented developers. Visit this link for a detailed report.
Tashi Genesis Pool Extension
Tashi has extended its Genesis Pools until July 24th. Find more information here. Also, Tashi is the first team featured in a new blog series “Project Spotlight”. Read more about Tashi.
The State of Evmos DeFi
Exciting developments are on the horizon, including new features, partnerships, and incentives from projects like Pangolin, Stride, Forge, and Tashi. Listen to the Twitter Spaces discussion from all of these teams or read the notes and find links to all projects here.
Numia Advanced API for Evmos
Numia has introduced a new product, their Advanced API for Evmos, aimed at enhancing developers’ access to on-chain data for the Evmos and Cosmos ecosystems. This allows developers to easily access and utilize aggregated on-chain data in a faster, more scalable way. Features include allowing a single request to obtain all token balances for an address, including token metadata.
The API offers aggregated data points like historical staking rewards, chain activity, transactions, smart contract activity, developer revenue, and IBC transaction speed. Numia is also working with other chains to extend the new Advanced APIs to the wider Cosmos ecosystem. The API keys and advanced API endpoints can be accessed from Numia’s website, where further information is also available.
Building Lava — The SDK
Lava Network is inviting developers to be early users of their SDK Alpha, which is a JavaScript/TypeScript implementation of the Lava protocol. The SDK connects applications with RPC providers in a decentralized manner and can be used for free to interact with Evmos and several other blockchains. Although it’s an early version, it can be used to build small apps and services. Users are encouraged to provide feedback to help improve the offering towards Mainnet. Developers should review the prerequisites mentioned in their documentation before starting to use the SDK. More information can be found on their website.
They also hosted a Twitter Spaces educating developers about their SDK. Find a summary of it here.
Off-Chain Governance (Commonwealth)
Evmos Mainnet v13.0.2 Upgrade
Posted July 5 — By Vlad
This proposal outlines an upgrade for Evmos on Mainnet, transitioning to v13.0.2, Apeiron. If approved, the upgrade is scheduled to occur at block height 14492000 (around 4pm UTC Mon., 10th July 2023). The voting period for the proposal is 120 hours. The upgrade will enhance current performance and introduce new features. The changes include the introduction of EVM extensions for staking, distribution and IBC transfers, the upgrade of CometBFT to v0.34.29 and Cosmos SDK to v0.46.11, along with smaller improvements and refactors. The Evmos core team has conducted successful end-to-end tests on this upgrade. Find the full changelog here.
Link: https://commonwealth.im/evmos/discussion/12023-evmos-mainnet-v1302-upgrade
On-Chain Governance
#148 — Evmos Mainnet v13.0.2 (Apeiron) Upgrade
Proposer: Malte Herrmann, Evmos Core Team
DEPOSIT PERIOD
Given that proposal 148 did not reach the voting period 5 days prior to the intended upgrade block, a new proposal will be required to schedule the upgrade. This new proposal should include the same details regarding the update from version v12.1.6 to v13.0.2, including the intended enhancements and improvements. The proposal will also need to specify a new block height for when the upgrade will occur. The Evmos community will then need to vote on this new proposal within the specified voting period. The goal is to ensure ample time for consensus and any necessary preparations prior to the upgrade.
Link: https://www.mintscan.io/evmos/proposals/148
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