SILK

CointestMod

#Cosmos Con-Arguments Below is a Cosmos con-argument written by Shippior. > \[Cosmos\](https://www.coingecko.com/en/coins/cosmos-hub) (ATOM) is a Proof-of-Stake (PoS) blockchain. It is the center of the Cosmos networks, including Osmosis, Juno, Secret, Evmos and 50+ other independent L1 chains which are all connected, called Gaia. Something that is not known to many people is that the Binance Chain actually uses the same software as Cosmos and is thus in theory compatible with Gaia. However so far Binance has made the design choice not to enable it as to keep their authority over their BNB chain ATOM uses a Byzantine Fault Tolerance as main consensus in it's \[Tendermint consensus\](https://docs.tendermint.com/v0.34/introduction/what-is-tendermint.html). > > The main strongsuit of Cosmos is the use of \[IBC\](https://ibcprotocol.org/) (Inter-Blockchain Communication). It is a protocol that is integrated in the Tendermint Cosmos SDK that is used to trustlessly communicate between chains. This allows new chains using this SDK to quickly integrate into the entire network and make use of all the capabilities of the other chains. Bridges between different networks have shown to be a weak point in architecture with the \[Nomad hack\](https://halborn.com/the-nomad-bridge-hack-a-deeper-dive/) and the \[Wormhole bridge hack\](https://blog.chainalysis.com/reports/wormhole-hack-february-2022/) as recent examples. Therefore relying on IBC, which essentially are many bridges is a risk. So far it has been closely monitored. Many IBC connections to LUNC where disabled quickly after the crash to limit the number of funds siphoned from the other networks but serious TVL has been lost through the LUNC crash, NOMAD bridge exploit and Crypto.com crash from the Cosmos networks. The network effect does not only share the good things but unfortunately also the bad events. In October it was even reported that a critical issue in the IBC was found after a \[security audit\](https://cointelegraph.com/news/cosmos-co-founder-says-a-major-security-vulnerability-has-been-uncovered-on-ibc). It was quickly patched but one remains to wonder what happens is a critical exploit in IBC is not caught on time. > > Currently Cosmos has no native stablecoins in the network after the Luna crash took UST with it. The main dominance of stablecoins is from USDC through the Axelar bridge. Therefore the dependence on this Axelar bridge is very large. This has led to the call to have a native stablecoin in the Cosmos network. USDC is said to bring a native USDC version to Cosmos in the beginning of 2023. In the man time there have been popping up stablecoins left and right, most of them algorithmic backed. Examples are \[IST\](https://01node.com/ist-the-new-cosmos-stablecoin-built-on-agoric/), \[CMST\](https://blog.comdex.one/introducing-composite-a-collateralized-stablecoin-for-ibc-bc76e15fa2ec) and \[SILK\](https://scrt.network/blog/shade-protocol-silk-privacy-preserving-stablecoin). However the introduction of this many stablecoins have led to fighting over which one is best and has spread the liquidity of these stablecoins thin which make them vulnerable for depegging. > > Governance is an important part of Cosmos, it tries to enable self-governance and sovereignty. Though with the full Governance abilities that Cosmos brings it also brings a lot of infighting. In the Stargate Upgrade the Gravity Dex was envisioned. This was supposed to be the DEX for ATOM. However it was seen by the community as a sponsored DEX from the community pool that was to compete with the already existing DEXs in the Cosmos Hub like Osmosis and Sifchain. This led to the failure of Gravity Dex, which subsequently rebranded as \[Crescent Network\](https://app.crescent.network/). It currently sits at about $7mill Total volume locked (TVL) compared to $150mill TVL on \[Osmosis\](https://info.osmosis.zone/), the most popular DEX in the Cosmos ecosystem. > > Later on there was a lot of discussion around \[proposal #82\](https://www.mintscan.io/cosmos/proposals/82). As the previous roadmap had ended it was time to come to a new roadmap. ATOM 2.0 was the proposal that was pitched during the \[Cosmoverse\](https://cosmoverse.org/), the annual Cosmos conferential. The proposal included new tokenomics for ATOM that would increase the inflation on the short term to decrease it further more in the long term. Jae Kwon, one of the founders of Cosmos, called the proposal \[outright theft\](https://www.coindesk.com/tech/2022/11/11/cosmos-founder-jae-kwon-says-he-is-against-proposed-changes-to-atom-token/) from the community. > > However this leaves ATOM still without much value. Currently the main value ATOM provides is a store of value and it is often used as a criteria for receiving airdrops from newly launched chains but it has been passed left and right by chains that offer more utility than ATOM has. As long as there is no consensus about the new roadmap it is going to be difficult to add value to holding ATOM. Looking at it closely shows that it has little to offer that competitors like Ethereum, Polkadot and Avalanche do not also offer. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cosmos) to find submissions for other topics.

4coffeeihadbreakfast

take a look into silk - "SILK is a privacy-preserving collateralized reflexive currency pegged to a basket of global currencies and commodities" [https://docs.shadeprotocol.io/shade-protocol/apps/silk](https://docs.shadeprotocol.io/shade-protocol/apps/silk) [https://shadeprotocol.io/blog/what-is-silk](https://shadeprotocol.io/blog/what-is-silk)

PsychoticDisorder

Extremely low cap but I believe SILK is on to something.

CointestMod

#Cosmos Con-Arguments Below is a Cosmos con-argument written by Shippior. > \[Cosmos\](https://www.coingecko.com/en/coins/cosmos-hub) (ATOM) is a Proof-of-Stake (PoS) blockchain. It is the center of the Cosmos networks, including Osmosis, Juno, Secret, Evmos and 50+ other independent L1 chains which are all connected, called Gaia. Something that is not known to many people is that the Binance Chain actually uses the same software as Cosmos and is thus in theory compatible with Gaia. However so far Binance has made the design choice not to enable it as to keep their authority over their BNB chain ATOM uses a Byzantine Fault Tolerance as main consensus in it's \[Tendermint consensus\](https://docs.tendermint.com/v0.34/introduction/what-is-tendermint.html). > > The main strongsuit of Cosmos is the use of \[IBC\](https://ibcprotocol.org/) (Inter-Blockchain Communication). It is a protocol that is integrated in the Tendermint Cosmos SDK that is used to trustlessly communicate between chains. This allows new chains using this SDK to quickly integrate into the entire network and make use of all the capabilities of the other chains. Bridges between different networks have shown to be a weak point in architecture with the \[Nomad hack\](https://halborn.com/the-nomad-bridge-hack-a-deeper-dive/) and the \[Wormhole bridge hack\](https://blog.chainalysis.com/reports/wormhole-hack-february-2022/) as recent examples. Therefore relying on IBC, which essentially are many bridges is a risk. So far it has been closely monitored. Many IBC connections to LUNC where disabled quickly after the crash to limit the number of funds siphoned from the other networks but serious TVL has been lost through the LUNC crash, NOMAD bridge exploit and Crypto.com crash from the Cosmos networks. The network effect does not only share the good things but unfortunately also the bad events. In October it was even reported that a critical issue in the IBC was found after a \[security audit\](https://cointelegraph.com/news/cosmos-co-founder-says-a-major-security-vulnerability-has-been-uncovered-on-ibc). It was quickly patched but one remains to wonder what happens is a critical exploit in IBC is not caught on time. > > Currently Cosmos has no native stablecoins in the network after the Luna crash took UST with it. The main dominance of stablecoins is from USDC through the Axelar bridge. Therefore the dependence on this Axelar bridge is very large. This has led to the call to have a native stablecoin in the Cosmos network. USDC is said to bring a native USDC version to Cosmos in the beginning of 2023. In the man time there have been popping up stablecoins left and right, most of them algorithmic backed. Examples are \[IST\](https://01node.com/ist-the-new-cosmos-stablecoin-built-on-agoric/), \[CMST\](https://blog.comdex.one/introducing-composite-a-collateralized-stablecoin-for-ibc-bc76e15fa2ec) and \[SILK\](https://scrt.network/blog/shade-protocol-silk-privacy-preserving-stablecoin). However the introduction of this many stablecoins have led to fighting over which one is best and has spread the liquidity of these stablecoins thin which make them vulnerable for depegging. > > Governance is an important part of Cosmos, it tries to enable self-governance and sovereignty. Though with the full Governance abilities that Cosmos brings it also brings a lot of infighting. In the Stargate Upgrade the Gravity Dex was envisioned. This was supposed to be the DEX for ATOM. However it was seen by the community as a sponsored DEX from the community pool that was to compete with the already existing DEXs in the Cosmos Hub like Osmosis and Sifchain. This led to the failure of Gravity Dex, which subsequently rebranded as \[Crescent Network\](https://app.crescent.network/). It currently sits at about $7mill Total volume locked (TVL) compared to $150mill TVL on \[Osmosis\](https://info.osmosis.zone/), the most popular DEX in the Cosmos ecosystem. > > Later on there was a lot of discussion around \[proposal #82\](https://www.mintscan.io/cosmos/proposals/82). As the previous roadmap had ended it was time to come to a new roadmap. ATOM 2.0 was the proposal that was pitched during the \[Cosmoverse\](https://cosmoverse.org/), the annual Cosmos conferential. The proposal included new tokenomics for ATOM that would increase the inflation on the short term to decrease it further more in the long term. Jae Kwon, one of the founders of Cosmos, called the proposal \[outright theft\](https://www.coindesk.com/tech/2022/11/11/cosmos-founder-jae-kwon-says-he-is-against-proposed-changes-to-atom-token/) from the community. > > However this leaves ATOM still without much value. Currently the main value ATOM provides is a store of value and it is often used as a criteria for receiving airdrops from newly launched chains but it has been passed left and right by chains that offer more utility than ATOM has. As long as there is no consensus about the new roadmap it is going to be difficult to add value to holding ATOM. Looking at it closely shows that it has little to offer that competitors like Ethereum, Polkadot and Avalanche do not also offer. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cosmos) to find submissions for other topics.

reed5point0

Strictly on a CEX though right? Circle and NOBLE just launched natice USDC on the COSMOS hub so all the USDC pools are on fire APR wise. One of my favorites is Stablecoin : Stablecoin pair for like 10.5% APR SILK / USDC pool on SHADE Protocol. >Silk is an overcollateralized and privacy-preserving stablecoin. Rather than being pegged to a single value (like the US dollar) the basket is a weighted index.[The composition of the Silk Currency Basket](https://app.shadeprotocol.io/silk) includes select global currencies (USD, CAD, EUR, JPY) as well as commodities such as Bitcoin and gold.

CointestMod

#Cosmos Con-Arguments Below is a Cosmos con-argument written by Shippior. > \[Cosmos\](https://www.coingecko.com/en/coins/cosmos-hub) (ATOM) is a Proof-of-Stake (PoS) blockchain. It is the center of the Cosmos networks, including Osmosis, Juno, Secret, Evmos and 50+ other independent L1 chains which are all connected, called Gaia. Something that is not known to many people is that the Binance Chain actually uses the same software as Cosmos and is thus in theory compatible with Gaia. However so far Binance has made the design choice not to enable it as to keep their authority over their BNB chain ATOM uses a Byzantine Fault Tolerance as main consensus in it's \[Tendermint consensus\](https://docs.tendermint.com/v0.34/introduction/what-is-tendermint.html). > > The main strongsuit of Cosmos is the use of \[IBC\](https://ibcprotocol.org/) (Inter-Blockchain Communication). It is a protocol that is integrated in the Tendermint Cosmos SDK that is used to trustlessly communicate between chains. This allows new chains using this SDK to quickly integrate into the entire network and make use of all the capabilities of the other chains. Bridges between different networks have shown to be a weak point in architecture with the \[Nomad hack\](https://halborn.com/the-nomad-bridge-hack-a-deeper-dive/) and the \[Wormhole bridge hack\](https://blog.chainalysis.com/reports/wormhole-hack-february-2022/) as recent examples. Therefore relying on IBC, which essentially are many bridges is a risk. So far it has been closely monitored. Many IBC connections to LUNC where disabled quickly after the crash to limit the number of funds siphoned from the other networks but serious TVL has been lost through the LUNC crash, NOMAD bridge exploit and Crypto.com crash from the Cosmos networks. The network effect does not only share the good things but unfortunately also the bad events. In October it was even reported that a critical issue in the IBC was found after a \[security audit\](https://cointelegraph.com/news/cosmos-co-founder-says-a-major-security-vulnerability-has-been-uncovered-on-ibc). It was quickly patched but one remains to wonder what happens is a critical exploit in IBC is not caught on time. > > Currently Cosmos has no native stablecoins in the network after the Luna crash took UST with it. The main dominance of stablecoins is from USDC through the Axelar bridge. Therefore the dependence on this Axelar bridge is very large. This has led to the call to have a native stablecoin in the Cosmos network. USDC is said to bring a native USDC version to Cosmos in the beginning of 2023. In the man time there have been popping up stablecoins left and right, most of them algorithmic backed. Examples are \[IST\](https://01node.com/ist-the-new-cosmos-stablecoin-built-on-agoric/), \[CMST\](https://blog.comdex.one/introducing-composite-a-collateralized-stablecoin-for-ibc-bc76e15fa2ec) and \[SILK\](https://scrt.network/blog/shade-protocol-silk-privacy-preserving-stablecoin). However the introduction of this many stablecoins have led to fighting over which one is best and has spread the liquidity of these stablecoins thin which make them vulnerable for depegging. > > Governance is an important part of Cosmos, it tries to enable self-governance and sovereignty. Though with the full Governance abilities that Cosmos brings it also brings a lot of infighting. In the Stargate Upgrade the Gravity Dex was envisioned. This was supposed to be the DEX for ATOM. However it was seen by the community as a sponsored DEX from the community pool that was to compete with the already existing DEXs in the Cosmos Hub like Osmosis and Sifchain. This led to the failure of Gravity Dex, which subsequently rebranded as \[Crescent Network\](https://app.crescent.network/). It currently sits at about $7mill Total volume locked (TVL) compared to $150mill TVL on \[Osmosis\](https://info.osmosis.zone/), the most popular DEX in the Cosmos ecosystem. > > Later on there was a lot of discussion around \[proposal #82\](https://www.mintscan.io/cosmos/proposals/82). As the previous roadmap had ended it was time to come to a new roadmap. ATOM 2.0 was the proposal that was pitched during the \[Cosmoverse\](https://cosmoverse.org/), the annual Cosmos conferential. The proposal included new tokenomics for ATOM that would increase the inflation on the short term to decrease it further more in the long term. Jae Kwon, one of the founders of Cosmos, called the proposal \[outright theft\](https://www.coindesk.com/tech/2022/11/11/cosmos-founder-jae-kwon-says-he-is-against-proposed-changes-to-atom-token/) from the community. > > However this leaves ATOM still without much value. Currently the main value ATOM provides is a store of value and it is often used as a criteria for receiving airdrops from newly launched chains but it has been passed left and right by chains that offer more utility than ATOM has. As long as there is no consensus about the new roadmap it is going to be difficult to add value to holding ATOM. Looking at it closely shows that it has little to offer that competitors like Ethereum, Polkadot and Avalanche do not also offer. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cosmos) to find submissions for other topics.

reed5point0

Absolutely, it's built on SCRT and Carter and team are heads down type builders. Please check it out it's a nice platform. SILK is cool too (which they built)

AnewbiZ_

Note on Shade: Shade is launched. Has a DEX with a stable swap, including stable coins, and LSD pairs. With a asymmetric curve that out performs concentrated liquidity in most cases. Plus standard AMM for vol assets. SILK is live, pegged to a basket of currencies and commodities, outperforming the USD. Silk including a lending protocol as it is a overcollaterolized model. Real yield and protocol owned luquidity starts this month. All is private by default, so your liquidation points are protected. And all seaps are MEV resistant.

Bassfaceapollo

In case people aren't familiar with the mentioned projects - 1. SCRT - Secret Network is a Layer-1 Smart Contracts Platform that is built using the Cosmos SDK. It achieves interoperability (including native asset transfers) through the IBC protocol (the highlight of the Cosmos ecosystem). It relies on Intel SGX enclaves a lot. Secret 2.0 is aiming to bring Homomorphic Encryption. It has had a bit of (issues w/ the leadership)[https://cointelegraph.com/news/secret-network-validator-shuts-down-nodes-after-leadership-turmoil], although these were earlier this year and I'm not aware of what came out of it. 2. SHD - The Shade Protocol is looking to launch a stablecoin on the Secret Network. The stablecoin will be called SILK, it won't be pegged to the currency of a single country but rather to a basket of assets. 3. XMR - It's Monero. 4. Nym - Nym is a mixnet where the blockchain is meant to be an incentive layer for running nodes on said mixnet. It's very much different from Secret, and is closer to Tor. Except you're incentivized to run the node. 5. Railgun - It's an Ethereum L2. I don't have much info on this. There's a couple of other privacy projects like - Dero, Oasis Network and [Penumbra](https://penumbra.zone/). I'm not too familiar with them though.

reed5point0

Did you stake SCRT, ATOM or LUNA during the 2021 bull? [You can claim 70% of your SHADE protocol airdrop at last now that the final feature drops (staking)](https://app.shadeprotocol.io/airdrop) SHADE is a Private DEFI application built using SCRT, it's DEX is mostly paired with Liquid Staking Derivatives (LSDs) meaning LP etc usually has an instant unbounding period...and it's fully private. What has SHADE done all Bear????? They have been building sers....... Released: * Bonds * Lend * Bridge * SILK stablecoin launch * Wrap * Swap * Staking

l-espion

Laugh in private stable call SILK pegged to a basket of goods

l-espion

You missing some should take a look at USK and SILK . From smaller project usk is from kujira and sulk from shade protocol , silk is not peg to USD it peg via a basket of good and private as long it stay on the scrt network ....

AnewbiZ_

Shade kicks @$$ and the TVL has gine 2.5x in 2 weeks in SPITE of the downward price action of the marjet and token. 3.5x if you count the TVL locked as coolateral for minting SILK. BullishAF

1mp0st3rsyndr0m3

Truth hurts, I guess. He stole 50k BTC from SILK ROAD. What did you think they offered there? Hugs and puppies?