Clarence

I wrote an article on building a serverless application using @supabase clx.hashnode.dev/build-a-fullst…

This week, Hydro received its 100th bid. We averaged 8-12 bids per month for the first half of the year, and peaked at 13 in July, with the average extra APR earned by ATOM holders voting on Hydro being around 18.44% (in addition to the ATOM staking rewards, so over 30% APR in total). The cancellation of the Cosmos EVM stopped a lot of momentum and many of the teams that had intended to launch new projects there were forced to change their plans, leaving the ecosystem or putting their existing protocols into “maintenance mode”. As a result, the last couple of quarters have seen significantly less protocols placing bids for ATOM, and less rewards have been available for ATOM holders to earn through our auction system. But we haven’t stopped building and we’re still very optimistic for the future. Inflow is now enabling anyone to deposit capital to earn automated and optimized yield. Not only can we offer this directly to users, but we’ve started integrating it into other applications. We’re finishing up the integration with @cyclesmoney right now and preparing to do it for two other apps. In parallel, Cosmos Labs is working to bring institutions into the Cosmos ecosystem, which will likely result in new DeFi protocols launching, and new demand for ATOM. CosmWasm has been made available on the Hub, which opens up the possibility for new protocols to launch there, including Hydro itself. Exciting times!

The Hydro team just posted a proposal to deposit 7M ATOM from the community pool into Hydro’s ATOM Inflow vault, where it would be deployed into market-neutral, low-risk DeFi strategies to generate yield. Importantly, none of the ATOM provided by this proposal would be spent, only the yield that is generated from it. The yield would fund development of a zero-fee, Hub-native ATOM LST, its integration with Hydro’s ATOM Inflow vault, and the migration of Hydro’s contracts to the Hub. We know this is a big request and a big chunk of the community pool, but the funds can still be used for other initiatives. Hydro will deploy them into DeFi strategies so that they’re actively generating yield rather than sitting idle, but Hub governance keeps the ability to clawback the funds programmatically (without having to rely on the goodwill of the Hydro team or any individual signer) and assign them to a different purpose if it wishes to do so. Custody of the funds will be transferred over to the Atom-Aligned Apps (AAA) organization once it’s formed. Hydro was purpose-built to act as a vehicle to manage the community pool capital, and over the past year, we’ve deployed 4.3M ATOM across 78 different deployments into nearly every Cosmos DeFi protocol. We’ve been working on this proposal for the past 4 months and processed an enormous amount of feedback from (literally) hundreds of people. A big thank you to everyone who engaged with us on the forum, on Telegram, on Slack, in phone conversations and elsewhere, and anyone who will help us bring active DeFi activity on the Hub for the first time 🤞

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@Mrbankstips 0 - what’s a pichnic?

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Here’s a sneak peek of the interface for Hydro’s upcoming Inflow ATOM vault. We’re aiming for maximum simplicity. Users will be able to view the position performance, the historical performance, vault TVL and all active deployments.

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Hydro Round 9 set a new bid record (13) 🏆 Voters earned an average 22% APR in rewards, and when combined with ATOM staking, that brought total yields to an impressive 39% APR on locked ATOM. This also round featured Hydro’s very first Vortex bid, and second atomic bid

The @neptune_finance team just placed two bids in round 9 🌊 They want to deploy ATOM and USDC into Neptune lending pools on @injective. If you’ve locked your ATOM into Hydro, you can vote for these bids and earn USDC on top of your ATOM staking rewards!

DeFi users spend way too much time looking for yield, rebalancing across venues as the rates shift, bridging assets, wrapping derivatives etc. We're building a solution that will let them deposit and get the highest low-risk returns available on the market at any given time.

Voting rewards are now claimable for round 8 🌊 This round saw an average voter reward APR of 25% As always, this is in addition to the regular staking rewards

Hydro Governance has officially given @cosmoshub control over all of Hydro’s DAOs. The Hub now has the ability to directly execute any approved proposal through Interchain Accounts: 🔹claw back funds 🔹add or remove committee members 🔹unfreeze lockups 🔹and so on This is a commitment the Hydro Team made in our funding proposal in January and we’re happy to be honoring it.

Hydro's lead dev @philip_off explains how Inflow will enable private deposits to increase the amount of capital Hydro is able to deploy!

Hydro Round 7 just ended, with an average voter reward APR of 35% 🌊 Congratulations to @stride_zone, @dropdotmoney, @AmuletFinance, @phoenix_dir, and @shade_protocol on the winning ATOM bucket bids!

The @elys_network team has placed a bid in round 7 🌊 They’re bidding for USDC, which means you can vote for it and also earn rewards from the ATOM bids separately. Add that to the ATOM staking rewards and that's 3 sources of yield!

onMeme: An onchain meme generator and NFT marketplace on @chopinframework. 🎭

Mammothon winners revealed! 🏆 Congratulations to the 3900+ builders who created 100+ projects in the largest Celestia hackathon yet. Let’s meet the winners.

Congratulations to the Mammothon winners powered by Chopin! @xorasocial and @on_meme_ai

Mammothon App Breakdown #1: onMeme @on_meme_ai has built an onchain meme generator & marketplace, aiming to reward creators for their viral memes. WHAT PROBLEM IS onMEME SOLVING? ➡️ Ownership: creators don't benefit from viral memes. ➡️ No decentralized marketplace to buy & sell memes ➡️ Unrewarded engagement: i.e., rewarding "likes" ➡️ AI verification: no way to tell if a meme was AI generated or not. HOW IT WORKS 1️⃣ Visit the site & choose an image: you can upload your own image, generate one using AI, or use an image template provided on the site. 2️⃣ Add the text: can edit its position, font, & color. 3️⃣ Click "Generate Meme". It's that simple. & every meme you create is generated as a @celestia NFT, which you can then list directly in the app's meme marketplace, where trading is done using OMC tokens. Another feature of the app is AI image verification. With the rise of AI, it's become increasingly difficult to figure out if an image was created by a real human, or with AI. onMeme generates timestamps to every AI generated meme to help combat this issue. ONBOARDING Because onMeme was built using the Chopin Framework, developed by @modularcloud1, onMeme does not require users to connect an external wallet. All you need is an email! ROADMAP 🔷 Interactive community activities like meme contests 🔷 More meme styles 🔷 Staking Rewards 🔷 Creator monetization tools TEAM @dev_giftea @X8inez @Chenemi_U