Axelar Foundation

The @interop_labs team has signed an agreement to join @circle. The Foundation thanks Interop Labs for its contributions to the network over the years. The Axelar Network, Foundation, and AXL token remain fully independent. Axelar Foundation is welcoming @CommonPrefix, a leading network contributor, to take over Interop Labs activities and lead development of the network following the closing. The Axelar Network is the most open-source and non-custodial interoperability network in existence today. We look forward to continuing to build alongside a tremendous ecosystem of builders. Read the announcement: axelar.network/blog/circle-in…

Reminder: Axelar Foundation and various partners are undertaking internal token management and rebalancing activities at this time. As part of this process, you may notice certain AXL delegations unbond and redelegate.

The Axelar Foundation and select ecosystem partners are undertaking internal token management and rebalancing activities. As part of this process, you may notice certain AXL delegations unbond and redelegate over the coming weeks.

🤝 @axelar Foundation selects Crypto.com to secure institutional custody of $AXL tokens. Read more here: crypto.com/en/company-new…

The Axelar Foundation and select ecosystem partners are currently undergoing internal token management as a part of a migration to a new custodian. As a result, you can expect to see unbonding of some AXL delegations and subsequent redelegation over the coming weeks.

Gaining access to an entire ecosystem at once is one of the toughest missions. @Axelar helps teams scale beyond their own siloed ecosystems, uniting them and making liquidity easily accessible. Thanks to them, we will gain access to a wealth of layers and tokens with ease.🏗️

“Cosmos was designed to be the Internet of Blockchains, and Axelar is extending that vision across every ecosystem in Web3 ..." Built on Cosmos, @elys_network is changing DeFi UX + uniting fragmented liquidity. Proud to bring this innovation to the 🌐 axelar.network/blog/axelar-in…

The Axelar community welcomes @Arrington_Cap and @ElectricCapital, plus 5 more funds in a $30M investment into Axelar Network. Learn more 🧵⤵️

Axelar Foundation is pleased to support @superstatefunds + the SIC. Secure interoperability is key to the adoption of tokenization in financial services and capital markets.

@AxelarFDN is looking to join 0x83271E76df1eF8f77487A88fc6aE1478280396bD and 0x3e277051019fDBF6A759ff847D197FE657Ca74fe interim multisigs, which will have temporary admin and pauser capability over the Lido wstEth NTT deployment on Ethereum and BNB, as well as admin capability over the wstEth token on BNB with the address 0x4687759DAb0B8319E8dcc59007116b4723838FB1 etherscan.io/verifySig/2546…

Tempcheck + request for comments on a Foundation proposal to further reduce inflation per external chain: community.axelar.network/t/temperature-…

Update: the proposal passed. Inflationary rewards for EVM chain connections are now 0.3% per chain.

Now live: the on-chain governance proposal to decrease Axelar network inflation per EVM chain to 0.3% (the final leg) ⤵️ mintscan.io/axelar/proposa… More on how & why this helps Ethereum & Axelar scale: community.axelar.network/t/adjusting-ax… Voting closes in ~3d, at ~5:30pm UTC, Dec 8.

Update: Four new Axelar network governance proposals have passed. Axelar now has: 👉 Reduced inflation for EVM connections (supporting L2 scaling). 👉 New parameters for governance proposals. 👉 Improved connection to @0xMantle. 🦾

Update minimum deposit for governance proposals mintscan.io/axelar/proposa… Increase voting period for governance proposals mintscan.io/axelar/proposa… ###

The following four on-chain governance proposals are open on Axelar network. Voting closes in ~12h, after 12am UTC, Nov 4. Update inflation rate for maintaining EVM chains mintscan.io/axelar/proposa… Update Mantle EVM chain confirmation height mintscan.io/axelar/proposa… 🧵👇

@djonip1 @sergey_nog @Polkadot @axelarcore @axelar-foundation/the-axl-token-the-cross-chain-future-3dee3dc45e95" target="_blank" rel="nofollow noopener">medium.com/@axelar-founda… Tldr: AXL provides incentives to verify state changes and communicate them cross-chain. It also enables a programmable cross-chain layer, where services and developer tools can permissionlessly deliver automation.

@sergey_nog @Polkadot @axelarcore What is the significance of its AXL token in the Axelar ecosystem? Polkadot, in turn, came up with an economic model and a reasonable existence for the DOT token.

. @Polkadot : 23 connected chains, ~ 665k cross-chain messages, unknown $ transfer value; in development since 2017. @axelarcore 49 connected chains, ~900k cross-chain messages, > $6.5B processed, in development since 2020. ~ 1/4 of Polkadot's venture funding. Efficient architectures and execution matters.

@FlyHigh407 @sergey_nog @Polkadot @axelarcore "Most tokens are locked at genesis, they can be staked, but cannot be spent or transferred until they are unlocked, or released." @axelar-foundation/an-overview-of-axl-token-economics-4dc701c9054d" target="_blank" rel="nofollow noopener">medium.com/@axelar-founda…

@Aladdin_BX 🦾

@Axl_Foundation LFG $AXL

As Web3 scales to thousands of chains, how to preserve interoperability? Axelar Foundation proposes new AXL tokenomics to enable decentralized security + permissionless programmability across a coming L2 expansion. Please read + comment ⤵️ community.axelar.network/t/adjusting-ax…

@scoolio22 Thanks for the comment! Hope to see you in next week's AMA, @scoolio22.

@Axl_Foundation In the short term, going from inflation of 0.75% per chain to 0.30% per chain seems to me to be a very good idea. The medium- and long-term proposals also point towards a promising future and greater adoption. I will definitely vote for these proposals. 🦾