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Weekly Newsletter What happened on the Cosmos ecosystem this week December 25th–31st, 2023

$13.5M USDC on Cosmos via Noble/Circle; Osmosis targets leading BTC DEX by 2024; Prop 865 funds ATOM Accelerator; Kujira shares fees; Levana exploit.

Author

Imperator

Date

Dec 31, 2023

Graphic summarizing the Cosmos Weekly Recap for December 25th-31th, 2023, featuring key project logos and highlighting significant partnerships, strategic developments in DeFi, and blockchain advancements curated by Imperator.co.
Graphic summarizing the Cosmos Weekly Recap for December 25th-31th, 2023, featuring key project logos and highlighting significant partnerships, strategic developments in DeFi, and blockchain advancements curated by Imperator.co.
Graphic summarizing the Cosmos Weekly Recap for December 25th-31th, 2023, featuring key project logos and highlighting significant partnerships, strategic developments in DeFi, and blockchain advancements curated by Imperator.co.

Cosmos surge in liquidity

More than $13.5M in USDC transfers has been made since @noble_xyz launched CCTP in partnership with @circle. Noble has issued more than $67M USDC since launch, leading to a sharp surge in liquidity across @cosmos


2. Osmosis’ 2024 goal

@sunnya97, co-founder of @osmosiszone, declared their aim to position Osmosis as the leading decentralized exchange for Bitcoin by the end of 2024. @thorchain, the leading DEX for BTC is ready to help with the integration!👀


3. Prop 865 has passed

Following this prop, @ATOMAccelerator will receive 975,811 ATOM (roughly $9.75M at $10 per ATOM) in funding from the community pool. AADAO’s is a grant focused DAO whose goal is to promote and protect the interests of the Cosmos Hub and its token


4. @KujiraIndex gives back to stackers

Kujira Index is a protocol (soon to be launched) for asset indexes built on @TeamKujira.

They announced that 25% of the fees generated by the protocol will be redistributed to $KUJI stakers. Their first index will track the entire $KUJI ecosystem

5. @Levana_protocol exploit

The perp protocol suffered an oracle attack that impacted ~10% of the LP, roughly $1.14M USD has been extracted. An airdrop and protocol fees will be distributed to impacted LPs.

@SkipProtocol is building an oracle that doesn’t have this vulnerability.


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