Informal Systems Q1 '24 Retro / Q2 ’24 Plan

[Govmos]

This is such an extensive post that we will take the effort to share a review that honor the amount of time the authors spent into crafting it. This is testimony to the transparency commitment made by both the Hypha (which report is available here) and the Informal team have made to the Cosmos Hub community.

Before proceeding with our review, we want to remind the community that this level of transparency is unparalleled in the crypto industry. We shall all be proud to have such high level of quality builders committed to the Hub’s success.

@btruax

We formed a collaboration with Babylon, to bring Bitcoin security to the Cosmos Hub. This dovetails well technically with another effort to integrate Eigenlayer security, keeps the Cosmos Hub relevant as larger security providers enter the picture, and is a promising source of consumer chain leads from the Bitcoin L2 community.

We are interested to have more details regarding the expected design choices currently considered by your team to implement Ethereum Security.

@btruax

ICS 2.0 will allow validators to opt in to secure new consumer chains, allowing consumer chains to launch fast and scale their security as they need it.It was completed during Q1, and this quarter we will be moving through the release cycle, and hopefully the first consumer chains to use this new feature will launch towards the end of the quarter:

We expect this to be the crux for Hub success in the coming months. After the lackluster demand for ICS1.0 we’ve been eager to see the more composable version offered by the Partial Set Security (PSS). Now we approach the final line and the production stage. As validators we are preparing to integrate this new features as well as the huge responsibilities that will belong to validators when it comes to decide which chains to operate on and which to decline.

@btruax

Hydro (formerly known as Atom Wars) is a protocol owned liquidity platform which will allow Atom stakers to vote to deploy liquidity to Cosmos Hub consumer chains and other projects[…] We’re targeting a release on Neutron’s mainnet in the last week of June.

This is a very good news, as we were expecting a longer-term release not until late Q3-Q4 this year. We hope the team will be able to deliver in such timescale.

@btruax

As much of the engineering work has been completed with ICS 2.0 (PSS), we move into heavy Ops, BD and Marketing efforts to ensure that the go to market is a success and we see multiple consumer chain

This quote is really interesting and we would like to have your sentiment on whether Informal thinks it needs backup to perform the marketing effort or not. We were thinking about potentially initiating a debate to fund a BD/Marketing effort for the Hub’s upcoming PSS release. We would really need your input on this matter. Feel free to reach out to us via email: contact@pro-delegators.com, or just share your thoughts as an answer to this comment!

---

To conclude, we want to shout out to both Informal/Hypha teams regarding the enormous amount of work achieved so far and our best hope for the one that is still ahead. We can’t wait to take our validator’s responsability to make the best use of the PSS and help eliviate some of the BD work you’ve spearheaded so far.

---

Thanks for reading!
Govmos.