The Cosmos Hub 2.0 white paper has been officially released, introducing liquid staking functionality and reducing the issuance of ATOM
Chain Catcher news, the draft white paper for Cosmos Hub 2.0 has been officially published on the governance forum. This white paper outlines a new role for the Hub as the core of inter-chain security, meaning that other chains will be able to use Cosmos Hub to protect their own networks. The white paper will be on-chain and subject to community voting on October 3.
It is reported that the white paper describes two application-specific features, namely InterChain Scheduler and InterChain Allocator, which together form a flywheel to accelerate cross-chain growth. The InterChain Scheduler is a cross-chain block space market that generates revenue from cross-chain MEV. This revenue is used by the InterChain Allocator to capitalize new Cosmos chains, facilitating inter-chain collaboration and expanding the potential market for the Scheduler.
The white paper also introduces mechanisms aimed at enhancing the value of Cosmos Hub's native token ATOM. Cosmos Hub will soon support liquid staking functionality, thereby increasing the liquidity of ATOM, and in the future, it will significantly reduce the number of ATOM tokens issued to the network. (Coindesk)