Sunny @sunnya97 | Aaron Kong @aaronxkong - Osmosis Labs
Osmosis Support Lab:
tl;dr
—Osmosis Ecosystem Launches:
Celatone: an Osmosis CosmWasm smart contract explorer that allows non-CLI interactions and deployments
LayerSwap: allows for non-bridging transfers from Coinbase to Osmosis (and elsewhere)
—Mars deposit caps lifted and hit again: still room to deposit OSMO
—Osmosis-related ETHDenver events:
Interop: Feb. 27-28, hosted by Axelar,
Shared Security Summit: Sunny giving updated mesh security talk and timeline
—Osmocon 2023: July 21st in Paris
—Osmosis Outposts/Cross-chain Swaps code is complete. Front-end UI in development by Nabla (creators of the Sinfonia Bitsong Osmosis alt-frontend)
-aiming to put first outpost on Neutron, the upcoming Hub-secured CosmWasm chain
—Concentrated Liquidity: core code largely complete — front-end work and audits ongoing
-planning a conservative, staged transition to CL pools: maybe starting with OSMO/DAI, since it is mid-sized and only has one volatile asset
—Osmosis Support Lab: new funding proposal will drop on Commonwealth later this month
Recent Highlights: transitioning away from 24/7 model to more concentrated efforts on:
Community Building: Community Updates Blog, Twitter, Crew3 quests, Discord “Interchain Lab” show
Public Goods: RPC node and IBC relaying
Tooling: OSL Channel-Clear, the IBC channel congestion clearer oc.osl.zone
—especially useful for clearing less-often used routes. these were often closed for hours or days. can now be easily cleared in minutes. huge UX improvement
DevRel: working with the Osmosis front-end to identify and clear bugs
-We’ve been spoiled lately, over a thousand listeners to the Polygon spaces, last UftL with Avalanche, and the Mars launch spaces.
—So, Mars has indeed launched successfully: caps were raised once, and the USDC and ATOM caps have been hit again, but not OSMO (which has a higher cap)
—other ecosystem launch: celatone.osmosis.zone
—a new smart contract explorer for interacting with smart contracts on Osmosis
-Mintscan is awesome, but it is not yet designed for interacting with contracts (like Etherscan)
—Celatone also allows for deploying contracts (even easier than Beaker)
-cf. Remix (an old web UI for launching contracts)
LayerSwap by Bransfer — allows you to deposit assets from CEXs to other chains
-e.g. you have USDC on Coinbase
-they have some supported chains to which you can transfer with their UI
-Layerswap allows you to bypass bridging fees and get tokens directly out of your Coinbase account
-integrations with CEXs other than Coinbase is not yet as good
-no Ethereum tx fees or Axelar fees
Aaron: any security concerns?
Sunny: you authorize them to withdraw a specific amount
1000 USDC from Coinbase to Osmosis
-it opens the Coinbase UI — which makes you authorize for that amount (you have to manually enter this)
-it’s similar to token approvals in EVM-land, authorizing up to certain amounts
—also, Layerswap is trusted during the window of the transfer
-much like a fiat onramp: first, you send them fiat; they confirm; and then they transfer it for you
—so first you transfer to Bransfer with Coinbase’s internal transfer system
-then you have to trust them for their transfer to you blockchain account
Autonomy almost ready to go, once they get their audits back from Oak Security
Aaron: how will their limit orders differ from CL limit orders?
Sunny: Autonomy doesn’t live in the AMM (like CL orders will)
—user declares an intent (request): I want to sell 10 OSMO at $1.50
—they have watcher bots watching the mempool and simulating txs (offchain)
-txs that succeed will be put on-chain
—on-chain limit orders will have to execute first
-but with Autonomy, the price could jump to $1.51, but the bots might not get to it fast enough, and the price might drop, and the trade might not execute
-but on-chain limit orders can only exist for pools that exist
—couldn’t sell JUNO to buy SOMM
-there is unlikely to be a deep pool of JUNO/SOMM
Aaron: Will Autonomy have a separate UI?
Sunny: yes, their site looks a lot like Osmosis, but with their functions added
—we want them to have a proving/testing period before we present it to everyone — though we’ll probably have an autonomy.osmosis.zone site for easy access
—we are working on a sort of app store within the osmosis.zone site for easy access
Aaron: so will this be the rollout for all apps launching on Osmosis?
Sunny: yeah, it’s a lot like the Axelar rollout
—we want to see which products have the most traction with users, and we’ll use that to prioritize what gets added
Aaron: what might the Babylon rollout look like? And what about the Shared Security Summit?
Sunny: yeah, that’s not super user-facing, especially at the beginning
-so that won’t be integrated into the front-end or the app-store
-it’s a better fit for the Osmosis Ecosystem page
Shared Security Summit is coming next week, along with ETHDenver
-hosted by EigenLayer and Babylon
-Sunny giving a mesh security talk
Aaron: Have you perfected the talk?
Sunny: the Cosmoverse talk confused people about validator set overlap
-it is explicitly not required for mesh security
—overlap would create validator centralization
—the goal of this talk is to introduce mesh security outside the Cosmos community
Aaron: key takeaways from Cryptocito-hosted debate with Nick White (Celestia)
Sunny: I still don’t feel like we talked enough about mesh, and I don’t understand his core concerns.
-we mostly talked about data availability systems
-came to the agreement that DA is useful
-my takeaway: DA is useful for cross-chain communication
-key question: will DA be internalized or outsourced?
—probably a combination: along the line of bridges
-Injective runs its own Gravity Bridge, Thorchain has its own
-Osmosis outsourced this: bridges are hard — we want a full-time bridge team like Axelar
—if DA module is simple to add to one’s own chain, it will probably be internalized
—vs. Celestia hub-and-spoke where it provides DA for everyone
Aaron: Mesh Security timeline?
Sunny: stay tuned for the Shared Security Summit talk
-we’ll give some timeline details there
-a number of Cosmos ecosystem projects are contributing funding
-Mars is almost ready to launch Fields of Mars leveraged yield farming
Aaron: Interop Summit?
Sunny: sponsored by Axelar, and there are a lot of great speakers from Cosmos
—Sunny is on a couple of panels