Evmos (EVMOS)

From CryptoWiki

Cosmos based project that will enable EVM contracts.

Basics

History

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

Audits & Exploits

Bugs/Exploits

Governance

Admin Keys

DAO

Treasury

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

Token

Launch

Token Allocation

"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

"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

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

Transaction Details

How it works

"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

  • 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

"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

"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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