A letter to all the Cosmos builders by Mag

TL;DR

Everyone still building in Cosmos is a complete badass and has true grit.
The ICL is changing everything about the ecosystem:
• The way we fund, support, and incubate teams.
• Bringing in new external investment.
• Supporting teams in-house.
Focus on the success of the Hub as the benchmark for the ecosystem:
• A platform that onboards new users.
• Provides magical services to appchains.
• Becomes the best place for new projects to grow up.
In the coming months, the ICL will launch:
• The first-ever permissionless VM on the Hub.
• Bring in liquidity and incentives.
• Incubate and launch incredible new apps leveraging IBC Eureka.
• Support every app built on the Hub to become a L1 application.

It’s time to build a new Cosmos!

Check out the full post here!

What kind of Cosmonaut are you?

• Take a short quiz to discover your Cosmonaut personality!
• Which Cosmos community matches your style best?
• Figure it out here: quiz.cosmos.network
• Participate to earn a share of a $10K prize pool.

Introducing Elys v2

Elys is your all-in-one investment platform.

Leveraging IBC Eureka to give users 1-click access to

commodities,
real estate,
stocks, and
major cryptos like $BTC, $ETH, $USDT
across Ethereum and 115+ Cosmos chains.

Elys v2 simplifies DeFi by integrating multiple investment tools like

spot trading,
perps,
prediction markets,
smart-shielded pools,
yield vaults into a single, user-friendly platform.

Converge is going modular

• Powered by Arbitrum with Celestia underneath.
• It's a performant EVM chain with 100ms blocktimes.
• Aiming for gigagas throughput and extremely low tx costs.
• Converge is a DeFi chain, leveraging RWAs, purpose-built for institutions.

$65M $USDN issued on Noble

• Earn Noble points by depositing $USDN into the Noble Points Vault
• Noble points are most likely to be converted into a future Noble token.
• Only 80 days left to earn points.
• Check it out here: points.noble.xyz

dYdX Roadmap

• Indexer Reliability: Improving website stability in max volatile markets.
• Faster Deposits & Withdrawals: From 20min to <1min via IBC Eureka.
• New Mobile Interface: Simplified mobile trading UI.
• New Trading Features: Introduction of new order types.

Akash Accelerate 2025

• The second annual Akash Accelerate summit is coming to NYC.
• Explore the future of open-source AI and decentralised compute.
• Meet the Akash team and leading voices in DeAI.
• June 23rd, New York City.
• Register here!

Fact-based assessment of the $OM crash

• No $OM was sold by team members.
• Several big $OM traders were liquidated on CEXs.
• OM Token support plan => Token buyback and burn program.
• JP committed to burning his team allocation.
• Dashboard with live token balances for more transparency.

Osmosis buys more Bitcoin

• 0.85 $BTC have been acquired via the Community Pool.
• It was LPed on Osmosis to deepen liquidity and earn rewards.
• 25% of Osmosis' protocol revenue is used to buy $BTC.
• In total, 6.2 $BTC are protocol-owned so far.

Top-of-Block auctions (MEV Lane)

• Top-of-Block auctions allow users to bid for priority tx inclusion.
• Creating a new revenue stream for osmosiszone.
• Enabling more efficient DEX pricing.
• $103K in protocol revenue since it went live in May 2024.

Gold and Silver can now be trained on Injective

• Extending the iAssets offering with $XAU and $XAG.
• 24/7 trading – fully onchain.
• No geographical restrictions.
• Fractional ownership.
• Programmable liquidity, utility, and strategies.