Stakewolle Governance 27.04
27 Apr 2023
1 min read
Stakewolle votes Yes on Cosmos proposal#792
This proposal is for the launch of Neutron on Replicated Security. This is the first Consumer Chain onboarding proposal. The Neutron will be secured by the Cosmos Hub validator set, marking the dawn of the Atom Economic Zone.
To provide security, the Cosmos Hub will receive from Neutron:
- 25% of transaction fees
- 25% of MEV revenue
- 7% of the NTRN supply as an initial drop
Neutron will help strengthen ATOM’s position as interchain’s reserve currency. Neutron is designed to host an ecosystem of DeFi products built around NTRN and ATOM, generating utility and demand for the tokens. Applications built on Neutron will enable Cosmonauts to use native and liquid staked ATOM to provide liquidity, lend, borrow, wield governance power, strip bonds, and more. They will drive demand for ATOM and reduce the circulating supply by enabling Cosmonauts to obtain rewards by locking up their tokens in DeFi protocols.
By voting Yes, we want Neutron to be secured by the entire Cosmos Hub validator set using Replicated Security.
