More Cosmos news today as Neutron has posted an outline of their draft proposal on the Hub’s forum. Neutron is a general purpose chain running CosmWasm smart contracts and aims to be the first Consumer Chain to launch under ATOM’s replicated security. The notable points are as follows:
- Gives the Hub a general purpose chain for Cosmos projects that would rather launch as smart contracts instead of appchains
- ATOM validators will stake and secure the chain
- 25% of gas fees and 25% of MEV on Neutron to be sent to ATOM validators/stakers
- NTRN airdrop to ATOM validators/stakers
- Protocols on Neutron to build around ATOM and NTRN as prime collateral/assets on the chain
- Estimated vote on-chain April 3rd
- Estimated mainnet April 17-23
