IBC Eureka Launching Next Month, Berachain’s Proof-of-Liquidity, Nillion Mainnet & Initia Airdrop Snapshot
This week’s report covers key events in Cosmos and beyond:
IBC v2 and IBC Eureka updates
Berachain’s Proof-of-Liquidity goes live
Nillion mainnet launch and airdrop
New apps to explore: Kinto and Lotus DEX
Airdrop alpha featuring Initia, OM GenDrop, ATC, and CULT
Let’s dive in!
Major News
Cosmos Hub: IBC v2 & IBC Eureka
The Cosmos Hub’s recent upgrade will enable IBC v2 and lay the groundwork for the upcoming launch of IBC Eureka. This upgrade will:
Connect Cosmos to external ecosystems, starting with Ethereum
Transform the Cosmos Hub into a routing chain for the entire Interchain
Magmar just teased the first-ever IBC transaction from the Hub to the Ethereum testnet — Check it out here.
Berachain: Proof-of-Liquidity Is Live
Proof-of-Liquidity (PoL) is now live on the Berachain mainnet! A total of 37 reward vaults are active, distributing BGT emissions across the ecosystem.
By providing liquidity on Berachain, you can earn up to 500% APR in BGT tokens. Stride and Infrared are offering ±200% APR for liquidity in their WBERA/stBGT and WBERA/iBGT vaults. Check it out here.
Watch this video by Cami from Berachain to understand how it works:
Over $3B in bridging volume has flowed into Berachain through Stargate. With PoL now live, that number is set to grow rapidly.
Nillion Mainnet Launch
Nillion mainnet is now live! Built for blind computing, Nillion enables private AI, protects health data, and secures digital identity. The total supply is 1M NIL, with approximately 20% entering circulation at genesis.
Claim your NIL airdrop here.
Stake your NIL with Stakecito to earn 31% APR. Watch the tutorial below to learn how to claim and stake your NIL tokens:
Interesting Numbers & Charts
Noble USDN Crosses 51M TVL
Noble Dollar (USDN) has surpassed $51M in TVL!
Users can mint USDN with USDC and deposit into Noble’s vaults to earn 15% APY or Noble points. Here’s how you can participate:
Bridge your USDC from any chain to Noble via Noble Express
Mint your USDN here or directly through your Keplr wallet
Deposit into Noble vaults here
DeFi, NFTs & Apps: Have you tried these?
Kinto: Modular Exchane Using Celestia For DA
Kinto is a modular exchange aiming to bridge TradFi and DeFi by providing a secure, compliant, and user-friendly platform. Here’s what they offer:
Smart wallets with account abstraction
Built-in KYC to prevent Sybil attacks and meet institutional compliance standards
Trade crypto and U.S. stocks like COIN, HOOD, and NVDA — plus perpetuals — all on Kinto
It is an Ethereum L2 built using Arbitrum's Nitro stack, using Celestia for data availability. Check it out here.
Lotus: The First Native RWA-Based DEX on Mantra
Lotus is the first native RWA-based DEX built on Mantra.
Use one of the promo codes here and become an early Lotus user.
Complete quests, farm points, and climb the leaderboard to boost your chances for a future airdrop.
Airdrops Alpha
Initia Airdrop Snapshot
Intia tweeted that the snapshot — potentially for INIT airdrop, had been taken.
Their mainnet launch is coming very soon!
Mantra Gendrop Is Live
The Mantra GenDrop is now live! Eligible users can claim 10% of their OM allocation. Check your eligibility and claim your airdrop here.
Watch the tutorial on how to claim your OM airdrop and stake with our Stakecito validator:
Astonic Airdrop for Cosmos NFT Collections
Astonic is a decentralized stablecoin platform built on the Planq Network. They allocate 200 ATC tokens as an airdrop for Bad Kids, Celestine Sloth and Shitmos NFT holders.
Check your eligibility and claim ATC airdrop here.
Watch our tutorial on how to claim:
CULT Airdrop and Tokenomics
CULT is the token of the Architects NFT project. Similar to the Mad Scientists and their LAB token, CULT can be burned to mint Architects NFTs.
Tokenomics:
Total supply: 1M CULT
80% – Sold via Streamswap
10% – Airdropped to Cosmos blue-chip NFTs and FlixFam badge holders
5% – Allocated to the CULT/BTC LP
5% – Reserved for marketing and treasury
Important dates:
April 1: CULT sale begins on StreamSwap (Osmosis)
April 3: Claim CULT and begin trading on Osmosis
April 7: Mint Architects NFT — Burn 150 CULT to mint an Architect NFT
Read their blog post here.
Good Reads, Minor News & Podcasts
Minor News:
Osmosis to become a Bitcoin Secured Network (BSN) - Proposal live on the Osmosis forum.
Echos.fun will be sunset on May 1st - Be sure to withdraw your funds before then.
Good Read:
Who is Magmar? — Meet the Co-CEO of Interchain Labs.
The Cosmos Resurrection Miracle — by Cryptocito.
What is ATOM-Alignment? - by Seppmos on Cito Zone.