Evmos (EVMOS)
Cosmos based project that will enable EVM contracts.
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 then got delayed again to 2-3-2022.
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].
Bugs/Exploits
Governance
Admin Keys
DAO
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. After the airdrop was pushed to later dates twice, 20M more tokens got added to it as compensation (28-2-2022).
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"
Other Details
Stablecoin
Coin Distribution
Technology
- Whitepaper or docs can be found [insert here].
- Code can be viewed [insert here].
Implementations
Transaction Details
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"
Fees
Upgrades
Mining
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Privacy Method
Compliance
Their Other Projects
Roadmap
"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"
Competition
Pros and Cons
Pros
Cons
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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