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Get rich every day? What are the ecological benefits of Cosmos?

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With the continuous improvement of various infrastructures such as DeFi, NFT, and SocialFi, will Cosmos usher in another bright year?

Original author: 0x137, Rhythm BlockBeats

As the superstars of Web3.0 interoperability, Cosmos and Polkadot have always attracted much attention and are often compared together. Both ecosystems have come a long way in the past few months. Polkadot launched a parachain slot auction in November last year, raising more than 100 million DOT Tokens. Moonbeam and Acala, which were launched successively earlier this year, also attracted a lot of attention. The Cosmos ecosystem is also in full bloom. Terra, Osmosis, Crypto.com and other public chains built using the Cosmos SDK have seen a continuous increase in TVL, and applications within the ecosystem have also sprung up everywhere.

But although the ecological development has improved, Polkadot users have not received satisfactory returns, and the community is full of complaints. For projects with high expectations like Moonbeam and Acala, the ecological development did not show enough vitality after their launch, and the price of Token also disappointed investors.

In contrast, in the past few months, Cosmos users can be said to celebrate the new year every day. Not only is the ecology active, there are too many airdrops, and the pledge reward Also very gratifying. This article will sort out the airdrops with good returns, high-yield staking platforms, and projects worthy of attention in the Cosmos ecosystem.

"Valuable airdrops"

How many airdrops have there been in Cosmos in the past period of time? There are too many to count, and the benefits of many airdrops are also very impressive. Many users have created logs or websites specifically for this purpose to prevent themselves from missing potential airdrop opportunities. Here, the editor of Rhythm has sorted out some "valuable airdrops":

Osmosis

Osmosis is the AMM of the Cosmos ecosystem, focusing on various cross-chain DeFi services in the ecosystem. In other words, Osmosis is a decentralized The cross-chain trading platform is a key module of the Cosmos ecosystem. According to DeFi Llama, Osmosis currently has a TVL of 1.4 billion US dollars, surpassing Polkadot, and its strength should not be underestimated.

Osmosis adopts inflationary Token economics, the creation supply is 100 million pieces, 50% of which are airdropped to ATOM stakers and holders, and the remaining 50% is used as a strategic reserve for ecological development. The airdrop snapshot was completed during the Cosmos Hub Stargate upgrade in mid-February last year, and a total of 50 million OSMO will be distributed to ATOM holders.

The initial price of OSMO Token was about 5 US dollars, and it rose to 10 US dollars in mid-January this year, and the current price is about 8.6 US dollars.

Juno

Beats in "Juno Network: A Cosmos platform-level project that cannot be ignored" has a more detailed introduction and analysis of Juno. To put it simply, Juno is the EVM sovereign public chain in the Cosmos ecosystem, which aims to provide an open environment for the deployment of interoperable smart contracts, and is also an important puzzle in the Cosmos ecosystem. Juno supports multiple programming languages such as Rust and Go, and developers can use proven frameworks to deploy their own smart contracts efficiently and securely.

Juno’s airdrop snapshot was also completed during the Cosmos Hub Stargate upgrade, and a total of over 30 million USD in JUNO was distributed to nearly 46,000 staked ATOMs in early October wallet address.

The initial price of JUNO Token is about 10 US dollars, and the current price is about 30 US dollars.

Stargaze

Stargaze is the first Layer 1 NFT market in the Cosmos ecosystem. Not only does it have no gas fees, but it also realizes integration with Cosmos and Ethereum through IBC and Gravity Bridge Workshop interoperability. Stargaze hopes to realize that the platform can be completely owned and managed by users, so its STARS Token also adopts the airdrop form of fair distribution, in order to reach and cover more user groups.

Last month, Stargaze airdropped 25% of its total token supply to active users of the Cosmos ecosystem. Staking validators or liquidity providers on Cosmos Hub, Osmosis, and Regen Network can claim at least 2,453 STARS. Users only need to complete 4 to 5 interactions after Stargaze is launched to claim it.

The initial price of STARS Token was about 0.2 US dollars, and it rose to 0.8 US dollars in early February this year, and the current price is about 0.5 US dollars.

NETA

NETA aims to be a decentralized value storage asset for the Juno and Cosmos ecosystems. The project has not raised seed rounds, private placements or public sales. The total supply of NETA Token is 32,950, all of which are airdropped to active users of the Juno and Cosmos ecosystems.

Users who pledge 25 JUNOs can receive 1 NETA, and have voted for at least 1 on-chain governance proposal to receive 10 additional NETA. If all on-chain governance proposals are voted on, 5 more NETA can be obtained. In addition, delegating JUNO to a validator ranked after the top 20 can also get 0.2 NETA.

The initial price of NETA Token was about 1,200 US dollars, and it rose to about 1,700 US dollars at the end of February this year, and the current price is about 1,600 US dollars.

CHIHUAHUA

CHIHUAHUA is the first meme coin in the Cosmos ecosystem, and the team calls it "meme coin 2.0". Like DOGE and SHIA, CHIHUAHUA has no practical use, but its airdrop income is still relatively good.

The genesis supply of HUAHUA Token is 100 billion, of which 70 billion are used for airdrops. Users can receive about 1,000 HUAHUA for every ATOM staked. The price of Token was around $0.006 at the beginning of its release, and quickly rose to $0.009. Of course, because of the heavy selling pressure, the price of HUAHUA quickly fell back, and as of now it is about $0.003.

Staking + Osmosis, APR package you are satisfied

Of course, just receiving airdrops is not enough to stimulate, the increasingly powerful attraction of the Cosmos ecology also comes from its ecological interoperability. After receiving short positions, users can also provide liquidity or pledge in the ecological application, which on the one hand deepens user participation and maintains the development of the network, and on the other hand can bring relatively good returns.

Osmosis Mining

As the leading AMM of Cosmos, most of the Tokens of the Cosmos ecosystem are It needs to be purchased on the Osmosis trading platform, which means the need for liquidity. After receiving the airdrop, users can choose to provide liquidity for their trading pairs on Osmosis, and receive OSMO or other native Tokens in return.

Similar to staking ATOM, liquidity mining on Osmosis will have an Unbonding cycle, which is 1 day, 7 days, 14 days Day three options. During the Unbonding period, users cannot withdraw liquidity. Of course, the longer the lock-up period, the higher the APR.

It is worth noting that because Osmosis is built on the Cosmos SDK, it can interoperate with other SDK chains in the ecosystem. For example, Terra’s governance token LUNA and UST can also carry out liquidity mining on the Osmosis platform, and the income is also very considerable.

Participate in pledge

Unlike Polkdot, the security mechanism of Cosmos is not shared, so each sovereign chain needs to have its own verification node, but this actually brings There are many benefits. After receiving the airdrops of these sovereign chains, users can entrust them to validators (Validators), which can not only earn staking APY income, but also make you a potential target of Cosmos ecological airdrops.

However, it should be noted that the verifier will charge a certain commission. The commission of many centralized trading platforms and institutions is 100%. If the pledger chooses to entrust to these platforms, he will not get any pledged APY income.

2022, continue to celebrate the New Year?

In the past year, Cosmos can be said to have been highlighted again and again, and now its ecological development still has no sign of slowing down, and many long-awaited projects will also be launched this year Go online one after another. The following rhythm editors have sorted out some noteworthy projects and airdrops:

Gravity Bridge

The most anticipated must be the most anticipated Gravity Bridge, which aims to ensure the operation of the cross-chain bridge between the Cosmos chain and other Layer 1 public chain ecology, and Use Ethereum as a starting point for development.

With the support of Cosmos IBC (Inter - Blockchain Communication), different cosmos projects can directly use Gravity Bridge without running the coordinator. Introduce ERC20 assets such as WETH and USDC into Cosmos, or introduce Cosmos assets into Ethereum. Through Gravity Bridge, any asset in the Cosmos ecosystem can be traded on Ethereum AMMs such as Uniswap, and it can interact with various other Ethereum DeFi applications.

Evmos

Evmos is a fully compatible and interoperable PoS chain with Ethereum, which is also built using the Cosmos SDK. In Rhythm "Understanding Evmos in the Cosmos Ecosystem" has a more detailed introduction.

In short, Evmos allows developers to enjoy all the functions of Ethereum, while also benefiting from Tendermint's PoS mechanism. In addition, since Evmos is built by the Cosmos SDK, it can also interact and exchange value with the Cosmos ecosystem through the IBC protocol.

Evmos is most noteworthy for its ambitious airdrop program "Rektdrop". Except for users of Cosmos and Osmosis, basically all Ethereum users can get a share of this airdrop, no matter whether you paid too much gas fees, suffered losses in various DeFi applications, or were caught by the project "Pull the carpet" and accidental loss of assets when cross-chain, can get a certain amount of compensation through "Rektdrop". In doing so, the project also aims to reach more active users of Cosmos and Ethereum, bringing more attention and traffic to Evmos.