6/ So what % of BLD can you to mint IST with? And what will fees look like?
All of these parameters will be tested, calibrated, and ultimately proposed by the Economic Committee prior to the launch of BLD Boost. So stay tuned for more updates!
7/ These minting limits will be set by the Economic Committee (EC) who maintain the integrity of Inter Protocol by:
Guiding economic strategy
Managing risk parameters
Evaluating new collateral types
Monitoring operations
Suggesting process improvements
5/ The second is that unlike our upcoming Vaults application, the asset (in this case $BLD) used to mint $IST is not subject to liquidation.
In fact, the BLD tokens never stop generating staking rewards!
4/ Two key things to keep in mind with BLD Boost.
The first is that any staked $BLD used to mint $IST can not be unstaked, nor can its staking rewards be withdrawn until you pay back the minted $IST plus fees.
3/ The key difference to the PSM (which lets you swap $IST 1:1 with stable tokens) is that the $IST youβve minted with the BLD Boost application gets repaid by your future $IST staking rewards.
's framework, which includes a hardened JavaScript smart contract.
It allows you to mint $IST with a limited portion of the $BLD tokens you have staked.
1/ Last month, we conducted a poll asking what minting mechanism you were most curious about.
Your answer? BLD Boost
Note: BLD Boost is not part of the upcoming Vaults release, and modifications are likely to occur during development.
Letβs dive in π§΅π
Into the Umeeverse!
@agoric's proof-of-stake chain utilizes javascript smart contracts to build DeFiGuests: @zmanian + @DeanTribbleHosts: @brandoncomer_ + @wozchain + @bond_dog_51
Set a Reminder Jan 25, 19:00 UTC
https://twitter.com/i/spaces/1lDGLnNrlYRxmβ¦
Comment Questions
Introducing the $150M Injective Ecosystem Fund to accelerate developer adoption
The initiative is supported by the largest institutions in the space including @PanteraCapital, @KuCoinVentures, @jump_, @idgcapital, @gate_labs, @delphi_labs, and more.
https://injective.xyz/3XBqfyx
3/ π Rewards
The entry with the most likes will win 200 $BLD
The entry we find the most fitting will receive a design touch-up, get printed onto merchandise, and handed out during our event in Denver!
β° Deadline to submit: Fri, Jan 27 @ 18:00 UTC
2/ How to join
π₯ Follow us on Twitter
π₯ Post a creative representation of Inter Protocol or $IST on your Twitter feed (no memes)
π₯ Include the #RideTheCosmos hashtag in your tweet
But there's more...
βs multiple meme efforts yesterday!
The Meme Challenge is nowβ¦over!π₯³ (Until next time)
Thanks to everyone who took part. There were some great efforts, and some, well, creative ideas!
Whatβs in store for $IST in 2023?
In case you missed it, we recently published our roadmap for 2023.
πΈ IST across Cosmos
πΈ Whitepaper
πΈ Vaults
πΈ Liquidations
πΈ Oracle Network
πΈ Reserve Pool
πΈ Bounties
Learn more in the π§΅ below:
3/ π Rewards
π 200 $BLD to the entry that gets the most likes below
π 200 $BLD to the entry we think is the funniest
π A special prize pool of 200 $BLD shared amongst everyone who liked the eventual winner that we pick - so choose wisely π
Weβll kick things offβ¦
2/ πΊHow to participate
π₯ Follow us on Twitter to quality
π₯ Post an $IST-related meme in the thread below ππ₯ Add the hashtag #RideTheCosmos to your post
You have 24 hours!
Donβt forget, youβll need to join our Discord to get your prize! http://inter.trade/cosmos-riders
1/ π¨ Monday Meme Challenge!
Who likes memes? We do, so we're running a challenge today to see who can produce the funniest and most creative $IST related memes.
The challenge is simple, so no excuse not to take part #IBCGang
Rules belowπ
Are you ready to dive into Inter Protocol and $IST?
Take a look at our comprehensive docs covering everything from how $IST is governed to how each contract operates. There's also how-to guide on how to get started with $IST.
Start learning π
Another day, another milestone
This week marks the 500th @agoric Smart Wallet, with 96% of all $IST being utilized across the interchain
Wen 1,000?
Find out more on our analytics dashboard http://analytics.inter.trade
1/ Why is everyone so excited about Liquid Staking Derivatives (LSDs) coming to @cosmos?
Letβs look at the recent $stATOM / $IST pair on @CrescentHub to answer that...
A thread
Tune in to the Crescent Roundtable Vol.2 tomorrow at 5PM UTC as we chat all about liquid staking, $IST stable pools & much more!
Participants:
@DeanTribble, CEO @agoric@interchainriley, Co-founder @stride_zone@CrescentHyung, CEO @CrescentHubhttps://twitter.com/i/spaces/1nAJErDlREnxLβ¦
The circulation of $IST has now passed $1.5M+, with 96% utilized across the Interchain!
We're excited to have kickstarted 2023 with a big milestone for $IST, the fully-collateralized stable token built to #RideTheCosmos
wen 2?
Keep up to date here http://analytics.inter.trade
1/ gm, itβs finally the weekend! π₯³
Weβre back with a quick roundup of yet another exciting week at Inter Protocol.
Hereβs what we got up to this week π§΅π
The emergence of stable tokens natively minted in the #CosmosEcosystem is on the rise.
Yet, when I take a closer look, there are many different types of strategies deployed by each blockchain that has introduced one.
1/8
Smart Wallet, with 96% of all $IST being utilized across the interchain π
Wen 1,000? π
Find out more on our analytics dashboard πhttp://analytics.inter.trade
2/ DeFi is moving fast. At the time of writing $USK crossed the 1,000,000 mark. Congrats!
Currently, $IST is the biggest cosmos native stablecoin with a marketshare of 46%, followed by $USK and $CMST. The total supply might look small, but they are all only a few weeks old.
1/268
It's the moment you've waited for, desired and above all else feared.
It's time for the 2023 shopping list!
(Which is also supporting public goods funding! Woo
Tune in to the Crescent Roundtable Vol.2 tomorrow at 5PM UTC as we chat all about liquid staking, $IST stable pools & much more!
Participants:
@DeanTribble, CEO @agoric@interchainriley, Co-founder @stride_zone@CrescentHyung, CEO @CrescentHubhttps://twitter.com/i/spaces/1nAJErDlREnxLβ¦