In a piece of vital news related to Terra (LUNA), the “Alliance” module will bring interchain staking to form economic alliances among various blockchains. Alliance is a Cosmos SDK module and therefore can be plugged into the Terra Blockchain which is built on Tendermint, a consensus protocol built for Cosmos.
Alliance’s Core Feature
Alliance is a brand new Cosmos module that allows chains to enable staking of larger chain assets through liquid staking derivatives or LSDs.
On a broad scale, Alliance permits any assets allowed by governance to be delegated to validators in order to take part in block production and governance, including staking assets bridged over an IBC channel (ICS-004).
Stakeholders of various assets receive voting power and block rewards in accordance with a governance-determined ratio. These assets are termed alliance assets.
Staking Rewards From Alliance Module
An economic alliance between chains is created when staking rewards from alliance assets are exchanged for staking rewards from native assets.
Recommended Articles
In effect, this allows new chains to form economic alliances with larger chains, making the native asset more stable with yields coming in from larger and more liquid assets, and providing holders of larger assets with more avenues to generate staking yield.
Alliance will allow flexible configuration of the reward weight to change over time in order to accommodate each blockchain’s evolving needs.
1/ Introducing Alliance 🤝 : A cosmos SDK module that leverages interchain staking to form economic alliances among blockchains.https://t.co/tUOshMBsxK pic.twitter.com/XSveppJrZ7
— MC 🌕 (@mc_ust) November 18, 2022
News Of Terra Luna Building Project Feather
Project Feather, has been teased by Do Kwon, for some time now. The project aims to make “launching blockchains as easy as a feather” as it still takes a lot of time and money to launch and L1. Feather wants to make it as simple as deploying a smart contract.
Coupling “Alliance” with Feather will help developers launch a new chain by using a simple deployment script and CLI. Validators can listen in to new chains launching via a daemon, and spin up validator and sentry nodes for these chains.
- Pro-XRP Lawyer John Deaton Blasts Warren and SEC Over Crypto Regulation
- Bitcoin Supply on Exchanges Falls as Bullish Pressure Mounts
- Ripple CLO Hails Senate Vote to Overturn SEC’s Anti-Crypto Rule
- Bybit Lacks Approval for Digital Asset Services in France, AMF Warns
- 30-Year Mortgage Rates Drop to 6.84% as Inflation Slows
- Make $100,000 With 4 Ethereum Meme Coins To Buy In 2024 Bull Run
- Smart Money Has An Eye For 2 Crypto To Buy For 10X-50X Potential In 2024
- XRP Price Forecast: $1 XRP Awaiting Ripple vs SEC Resolution?
- Bonk Price Prediction: Can Bithumb Exchange Listing Trigger 16% Move In BONK Price
- Cardano price prediction: Is ADA Ready to Test the Crucial $1 Resistance Level Soon?