Introducing Neutron: The Future of Cross-Chain Smart Contracts on Cosmos

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This is the beginning of a new era for Cosmos. ICS has just been launched and thanks to @Neutron_org , the HUB will never be the same again. Soon, you will be able to build your cross-chain smart-contracts on the HUB. This deserves an explanation, right? 🧵👇 $NTRN #Airdrop

First a little intro to @Neutron_org : After doing some research on the team, it appears that the project is built by a well-known validator: @P2Pvalidator Link to their website : p2p.org/

Neutron is designed to be the premier venue for Interchain Smart-Contract deployment. Built with the Cosmos SDK, Neutron will have native support for Cosmwasm, a virtual machine on top of the @cosmoshub to write smart contracts in Rust, AssemblyScript and more languages.

As @gadikian said wisely, the Cosmos HUB turn into a software. Meaning that because Neutron is a consumer chain, this chain is secured by 175 vaildators and roughly 186M Staked $ATOM. You can write smart-contract and run application on top of the most secure chain of the Eco.

Neutron is very interchain-oriented : it supports IBC / ICA / ICQ at launch. This allows any protocol deploying on Neutron to communicate easily with the rest of the IBC, and enable complex operations such as interchain liquid staking / Cross-chain collateralization.

Neutron is also a permission-less platform where anyone can deploy code to join the interchain's Economy. Neutron is also a neutral foundation on which anything can be built. Neutron is a public good, owned by the community. This is very bullish and this is what we need.

They decided to set up a modular governance, which is completely aligned with what was said in the tweet above. In addition to being new and smart it avoids the politicization of the HUB. Indeed, this politicization is probably one of the biggest problem of the Cosmos eco.

To obtain voting power in Neutron’s governance system, users must bond NTRN or DeFi tokens containing NTRN. This allows any account to participate in governance while potentially also earning DeFi rewards. Incentive to use to obtain voting rights 🤯

Neutron's governance system is multi-layered and modular. The most powerful layer is the Agor, which is controlled by the community through the vote of tokenholders. Finally, it's no longer the validators who decide, but you.🥳 Keeping the HUB neutrality at the same time.

On top of that, to perform day-to-day operations ( Grant / Incentive programs/Etc), the Agora can create specialized committees with dedicated powers and resrouces. These committes are extremly flexible and remain accountable to their admin, the Agora ( You 🫵)

NNeutron is really reworking governance, as it should be done, and it's probably a first test. It's very interesting because it puts the users back at the center of the project. This hasn't been the case on Cosmos for a long time.

Many people criticize the launch, the airdrop vested. I don't agree and I find the idea more than clever. Neutron is a Smart-Contract platform, for the token to be useful, you need activity, projects.

It all depends on what you are looking for, of course. Ask yourself this question: If I believe that ICS and the use of smart-contract cross-chain makes sense and I am bullish, do I have a real interest in wanting to sell my tokens at launch? For me, absolutely not!

$NTRN usage : 🔸 Transaction fees 🔸 Commands Cross-chains infra registration 🔸 NTRN "voting vault" 🔸 On chain DeFi

Initial supply : 🔸58.3% Airdroped (vested 3 months) 🔸33.3% Liquidity Bootstrap (On chain DeFi ?) 🔸8.3% Lockdrop rewards

During the launch event : 🔸Airdrop (Day 14) during 3 months 🔸Liquid auction (Day 14-21) To increase NTRN strenght by buying LP tokens by contributing with $ATOM / $USDC 🔸Lockdrop( Day 21-26) Commit your LP tokens up to a year in exchange for upfront $NTRN rewards.

Neutron team is looking to create deep liquidity within the protocol at launch during 26 days. This is a very smart move, more than you can imagine. Creating deep liquidity at launch will also benefits for $ATOM holders or stakers by strengthening the $NTRN position.

Even if , like @Cryptocito said, you are not happy about vesting. This Airdrop is probably one of the best designed ones I've ever seen. I'm very bullish on @Neutron_org and the cosmos future with this kind of events !

On top of that if you want to understand how the liquidty will be bootstraped , take a look at this thread from @N1C0_B_ : twitter.com/N1C0_B_/status/1656479263137345536