Cosmos Releases New Whitepaper

Cosmos released a new whitepaper that outlines a revamped role for the Hub as the heart of interchain security – meaning other chains will be able to use the Hub to secure their own networks. The white paper also proposes changes to the utility and issuance schedule of $ATOM. The expected on chain date for the whitepaper is October 3rd, 2022.

It describes two pieces of app-specific functionality, the Interchain Scheduler and Interchain Allocator, which together form a flywheel for accelerating interchain growth. The Interchain Scheduler is a cross-chain block space marketplace, which generates revenues from cross-chain MEV. These revenues are used by the Interchain Allocator to capitalize new Cosmos chains, foster interchain collaboration, and thereby expand the total addressable market of the Scheduler.

This paper also describes a new issuance regime optimized for Liquid Staking, where after a 36-month transition period, exponential issuance is reduced to a constant amount of $ATOM issued per month.