Evmos (EVMOS)

Basics

• Based in:
• Started in / Announced on:
• Ethermint v0.1.0 has been released (2-10-2020).
• Testnet release: Evmos 10/12/2021
• Mainnet release: airdrop was scheduled for 15-2-2022, then later scheduled for 28-2-2022

History

• Used to be Ethermint; '"scalable, high-throughput' PoS blockchain, fully compatible and interoperable with Ethereum Smart Contracts."
• From this thread (9-2-2022):

"EVMos’ genesis is in Ethermint project that sought to bring the EVM to Cosmos. The project rebranded to EVMos in September 2021."

Audits & Exploits

• Bug bounty program can be found [insert here].

Governance

Treasury

• From this thread (9-2-2022):

"DAO treasury controlled by multisig; fund initiatives and support development"

Token

Launch

• Airdrop got announced on 15-12-2022. The snapshot for the airdrop was taken on November 25, 2021.

Token Allocation

• From this thread (9-2-2022):

"Initial supply: 200m tokens ‐ Rektdrop: 80m ‐ DAO treasury: 20m ‐ Strategic reserve: 100m Rektdrop to Cosmos eco (ATOM & OSMO stakers) & gas drop to Eth eco

High initial inflation; half life decay to reduce issuance Per‐block release: ‐ Staking rewards: 40% ‐ Team (vesting cliff): 25% ‐ Usage incentives: 25% ‐ Community pool: 10% Initial usage incentives are gas rebates; in future AVAX Rush like liquidity mining"

Utility

• From this thread (9-2-2022):

"Fee gas pricing based on EIP 1559 but no token burn. “The dApp Store” model: ‐ Protocol fees split 50/50 (can be altered in future) btwn validators & dApp deployers ‐ Rewards developers based on usage of their dApp; dApps go through governance to get approved"

Technology

• Whitepaper or docs can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on: Cosmos
• Programming language used: Cosmos SDK and EVM

Transaction Details

• Capacity (TPS):
• Latency:

How it works

• From this thread (9-2-2022):

"EVMos is first IBC enabled EVM L1 blockchain; built w/ Cosmos SDK, Tendermint Core as consensus. Goal = “port of entry” Ethereum ‐> Cosmos"

Roadmap

• Can be found [Insert link here].
• From this thread (9-2-2022):

"Testnet went live 10/12/2021; mainnet launch expected late Jan. 2022 but pushed to 2/28/2022 Currently integrating infrastructure necessary for mainnet; have pipeline of projects CEVMos in future; Celestia still working on testnet"

Usage

Projects that use or built on it

• From this thread (9-2-2022):

"Proposal to launch Aave v3 on EVMos No specifics but team announced pipeline: ‐ 4 DEXes ‐ Lending protocol (Aave) ‐ 2 perps trading ‐ 3 NFT marketplaces ‐ 15 other dApps"

Team, Funding and Partners

Team

• Full team can be found [here].
• Built by Tharsis
• Frederico; CEO
• Ethermint used to be worked on by ChainSafe.

Funding

• Funded by a Cosmos grant (9-2-2022).

Partners

• From this thread (9-2-2022):

"EVMos has partnered with Nomad + Connext for bi‐directional bridge btwn Ethereum & Cosmos Cosmos Hub based Gravity Bridge will also enable ERC‐20 token bridging to Cosmos.

In mid‐Dec. 2021, EVMos announced partnership with Celestia to build modular tech stack for EVM dApps; it will be rollup centric at the execution layer ‐ Data availability: Celestia ‐ Settlement: EVMos EVM ‐ Execution: rollups (zk‐RU or optimistic RU)"

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