Weekly Newsletter: What happened on the Cosmos ecosystem this week? November 13th–19th, 2023

Disclaimer

The information in this article and the resources available are not intended as, and shall not be understood or construed as, financial advice. Nothing on this page should be understood as a recommendation to buy anything.

Article Overview

This article presents five significant news announcements from last week in the Cosmos ecosystem. Our goal at Imperator is to summarize the most important information that should not be missed. Here are the top 5 updates for the week:

1. All Fees to Stakers at dYdX

dYdX has launched its beta v4 version, enabling trading on all markets. By staking your DYDX, you can now receive 100% of the fees generated by traders, paid out in USDC. Start staking here: dYdX | Keplr Dashboard. dYdX operates as a standalone Cosmos appchain designed for a decentralized exchange.

2. Strategic Move for KAVA

DWF Labs, a market maker and web3 investment firm, partners with KAVA to accelerate the growth of Kava’s DeFi ecosystem. They will offer strategic insights and pledge to establish at least 7.5% of the total trading volume across KAVA’s DEXs.

3. TFL Acquires Pulsar Finance

Pulsar Finance, a cross-chain portfolio manager supporting over 700 protocols, will be integrated with Station, Terraform Labs’ cross-chain wallet. This integration provides a centralized hub for voting, token management, and app access, with Pulsar Data merging with Foundation to solidify Terra’s position as a cost-efficient, developer-friendly chain for app launches.

4. New DeFi Strategies by Mars Protocol

Mars Protocol introduces a new type of credit account: High-leverage strategies (HLS). Soon, you'll be able to leverage up to 10x your staked assets. The first two assets available will be stATOM and stOSMO, with expected rates of up to 40% APY on stATOM.

5. Sei Partners with Circle

Circle Ventures strategically invests in Sei, the fastest Layer 1 blockchain, unlocking innovative use cases for USDC. With Sei’s remarkable 390ms finality time, the integration of USDC promises swift, cost-efficient transactions globally. This alliance is a significant step in fostering a seamless financial ecosystem.

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