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Weekly Newsletter What happened on the Cosmos ecosystem this week January 8th–14th, 2024

Stride, dYdX launch stDYDX; @eigenlayer unites Ethereum, Cosmos; $2.6M staking on dYdX; @movementlabsxyz boosts interoperability; Cosmoverse 2024 in Dubai.

Author

Imperator

Date

Jan 14, 2024

Graphic summarizing the Cosmos Weekly Recap for January 8th-14th, 2024, 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 January 8th-14th, 2024, 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 January 8th-14th, 2024, featuring key project logos and highlighting significant partnerships, strategic developments in DeFi, and blockchain advancements curated by Imperator.co.

1- Stride and dYdX Team Up for stDYDX

@stride_zone and @dYdX collaborate to launch stDYDX, making crypto staking simpler and more accessible for everyday users. By staking dYdX tokens, users can earn rewards easily while boosting the chain’s security and maintaining flexibility in how they use their tokens


2- EigenLayer: Uniting Ethereum and Cosmos

@eigenlayer unites Ethereum and Cosmos, enhancing both by merging ETH’s robust security and liquidity with Cosmos’ innovative diversity

This collaboration opens new doors, with ETH benefiting from Cosmos’ advanced tech and Cosmos tapping into Ethereum’s extensive user network

3- dYdX Chain’s Rapid Staking Growth

In less than two months since full trading on the @dYdX Chain, over $2.6M in USDC staking rewards have been distributed to more than 8,500 stakers

The chain boasts an average annualized reward of 11.11%, with 74.2M DYDX currently staked, securing the network

Stake your $DYDX !


4- Movement Labs’ Interoperability Leap

@movementlabsxyz collaborates with @union_build and @noble_xyz, enabling M2 on @CelestiaOrg to transfer $USDC across Cosmos and ETH

This integration allows seamless asset movement and expands interoperability in the blockchain space, connecting a variety of apps and ecosystems


5- Cosmoverse 2024: Dubai Awaits

@CosmoverseHQ 2024 is set to take place in Dubai, UAE on October 21–22, bringing together the Cosmos community for another exciting event!

We look forward to meeting you there!

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Get started with staking

Dive into blockchain governance with Imperator. Join our staking program for up-to-the-minute updates and take an active role in shaping the future of decentralized finance.

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