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Inventory of Potential Protocols in the Cosmos Ecosystem (Part 2): Zero-Knowledge Proof, MEV and New Stablecoins
深潮TechFlow
特邀专栏作者
2022-10-24 04:00
This article is about 1859 words, reading the full article takes about 3 minutes
8 protocols at a glance

Original Author: Morty

Related Reading:

Original Author: Morty

secondary title

Polymer Labs

Related Reading:

Inventory of Cosmos Ecosystem Potential Protocols (Part 1): NFT, Liquidity Competition and Modularization

In the last article, we introduced 7 protocols including Osmosis, Celestia, and GNO Land. Next, we will continue to introduce the other 8 protocols in the Cosmos ecosystem.

Anoma Network

Polymer Labs is a modular network protocol built on top of IBC, aiming to achieve a decentralized, secure and permissionless cross-chain network.Polymer's core competitiveness is to achieve seamless communication between multiple chains by introducing zero-knowledge proofs. ZK-IBC will allow different blockchain protocols to communicate with each other without a trusted third party. This will also bring higher throughput, speed and lower cost for communication between multiple chains.

A Quick Look at Cosmos Ecological Potential Protocols (Part 2): Zero Knowledge Proof, MEV and New Stablecoins

Anoma Network is a multi-chain protocol focusing on privacy protection

, will be used to discover more counterparties in a decentralized manner and conduct multi-chain atomic transactions.

Quicksilver Protocol

Atomic transactions mean that under decentralization (without the participation of a third party), both parties to the transaction realize cross-chain peer-to-peer transactions.A Quick Look at Cosmos Ecological Potential Protocols (Part 2): Zero Knowledge Proof, MEV and New Stablecoins

The implementation logic of Anoma's function also relies on zero-knowledge proof, and its core advantage lies in atomic transactions between multiple chains. The team's description of Anoma is "a New Language for Value (a new value primitive)".

Quicksilver Protocol is a cross-chain liquidity staking protocol built in the Cosmos ecosystem.

Archway

Users can pledge assets to Quicksilver, obtain qASSET, and use it in DeFi to increase the utilization efficiency of assets.

A Quick Look at Cosmos Ecological Potential Protocols (Part 2): Zero Knowledge Proof, MEV and New Stablecoins

The core competitiveness of Quicksilver is that it supports all on-chain assets connected to IBC without any permission.

Archway is a developer-friendly Layer1. Its construction idea is to promote the sustainable development of the ecology by rewarding DApp developers.

Quasar

Archway's built-in reward system supports developers to get rewards from three aspects - Gas rebates, inflation, and contract premiums. This means that on Archway, as long as developers can launch a successful application, they will get handsome returns.A Quick Look at Cosmos Ecological Potential Protocols (Part 2): Zero Knowledge Proof, MEV and New Stablecoins

Archway's core competitiveness lies in its economic incentives for developers. Thanks to the openness of the Cosmos ecosystem, developers deploying Dapps on Archway will not be restricted by the cross-chain threshold.

  • Quasar isA vault-based asset management application chain built in the Cosmos ecosystem.

  • Quasar solves two pain points:The complexity of DeFi operations:

Quasar provides users with a set of powerful DeFi tools to lower the threshold for users to invest in the chain;

Skip Protocol

Fragmentation of Cosmos ecological fluidity:As an application chain, Quasar hopes to concentrate ecological liquidity through excellent products to improve capital efficiency.

The above are the core competencies of Quasar.

Skip Protocol is a MEV product built in the Cosmos ecosystem and deployed in a single chain.

Mekatek

It works on the democratization of MEV to protect users from wrong MEV policies. In the words of the Skip team, "Skip amplifies the impact of good MEV (arbitrage and liquidation) and reduces the impact of poor MEV (arbitrage and liquidation)".Currently, the team is building products on chains such as Juno, Evmos, and Terra2.

The core competitiveness of Skip is that it has the same frequency as ATOM2.0. The inter-chain scheduler and inter-chain allocator of ATOM2.0 will solve the MEV problem between chains, and Skip is a complement to ATOM 2.0 , which solves the MEV problem within a single chain in the Cosmos ecosystem.

Mekatek is a MEV marketplace built on the Internet of Cosmos blockchains

Canto

, it is building an open block space market for Cosmos ecological users, open and transparent, users can freely express their preferences, and guarantee the distribution of fees to all parties on the target chain.A Quick Look at Cosmos Ecological Potential Protocols (Part 2): Zero Knowledge Proof, MEV and New Stablecoins

Mekatek's core competency lies in making its block space market transparent. With its product Zenith up and running, Mekatek has become the first blockspace marketplace on Cosmos.

Canto is an EVM Layer1 dedicated to DeFi services based on the Cosmos SDK.

The protocol provides three products: Canto DEX, Canto lending market and stablecoin $NOTE.

The stablecoin $NOTE has been fully minted when it was launched, and users can mortgage assets and lend $NOTE in the lending market.

According to DeFiLlama data, Canto TVL (total locked value) is 89 million US dollars.

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