【2024.7.27 Review of what's new in Cosmos yesterday】

- See the link at the end of the article for details

👉 Kujira will upgrade the testnet to Cosmos SDK v0.50 next week, which will bring 2 seconds of prediction time - the first step towards the Perps protocol.

👉 @MountainUSDM protocol has been fully licensed by the Bermuda Monetary Authority, gaining regulatory clarity that has only been obtained by institutions such as @coinbase @circle so far. Mountain launched $USDM on Injective this week, the first yield stablecoin backed by tokenized treasury bonds.

👉 Umee is about to launch the Burn Auction Module (BAM!), providing a revolutionary way to reduce the supply of UX tokens and earn rewards.

👉 Stride's $stTIA and $stDYDX yield trading is now live on @Pryzm_Zone. stTIA can be split into yield tokens and principal tokens, and the tokens are traded based on the future expectations of $TIA staking returns. Holders of Stride LST Pryzm derivatives will be eligible for the upcoming $AUUU airdrop.

👉 @utxostack will launch the first $BTC L2 scalability solution based on the native UTXO model with @babylon_chain. UTXO Stack will launch a PoS DA chain for challenge proof to support L2 built on top of UTXO Stack, and @babylon_chain will serve as a security provider to support PoS L2 and PoS DA chains.

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Information details:

https://x.com/iCosmosMan/status/1817026339268100522