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Here is the face of a general contradiction L1 today:
L1S app-specific L2 wants to enable the chain as each app cannot coexist in the same blockchain environment. Builders want freedom to be adapted.
But when each appchain is making its own independent design decision, you have to fission. Then they leave your L1.
Ethereum, Cosmos, Allanche and Polkadot are all suffering from similar problems.
Priority architecture
Initia, which is launching its mennet today, is determined to run the same appchain vision back while avoiding the loss of fragmentation.
Appchains who choose to build on initia, avail a tightly integrated and opinion take stack – which calls the Initia “Interwoven Stack”.
All initia appchains are made with the same stack and standards. They share a canonical bridge (legery), cross-chain messaging (cosmos IBC), built-in framework (cosmos SDK) and standardized gas tokens (native USDC default via Nobel, although chains can change it), as well as shared more data availability layer in chains).
Appchains can run on whatever execution environment they like. Among the 18 declared teams on the Interwoven Stack, they are usually divided equally between EVMs, MoveVMs and VasmVM, the co-founder of Initia told me.
They can also take advantage of common Mev infrastructure such as POB (protocol owned builder) and protorev to catch non-toxic mev, a common enshrinted oarch (connected), a common multisig (initIASCAN) and Dominascan (InitiaScan) and Dominascan Name (intia name). Service can be used.
You get this idea-this is every essential public that allows an ecosystem of different-minded builders to follow on general standards without fragmentation.
Okay, what about L1 well?
The Initia L1 runs with a single slot finality and 500 ms blockcutime on MOVEVM and COMETBFT consensus.
L1 means acting as a liquidity hub, very much like a cosmos hub aspiration.
Does L1 keep liquidity on L1? Init token holders can put the Init at stake to earn stating rewards of inflation on L1, as well as pay trading fees on the original DEX of Minitswap, L1.
The INTIA team said no fee has been charged to pass through the hub, although it could be integrated below the road.
It is referred to as “Affiliated liquidity“Which effectively enables intk tokelders from both staking rewards and enables to act as a liquidity provider – a kind of restoration.
What success will have to be stopped by the successful initia appchains Leaving Initia to create your own series?
For one, Appchains are already full of adaptation on their environment and are able to internal their own mev.
Secondly, Initia Appchains are not the same as the general-objective L2 rollup chains, so their original tokens will probably be present on the L1 where the most fluidity is.
“They are not going to launch a dex on their series because it is not what their appchain is,” said Stan, co-founder of Initia.
Finally, Initia clearly gives APPchains with Init Rewards based on TVL and Governance Matrix with the award with prizes as part of it. Vested interest program (VIP). Users earn initials based on the criteria set by L2S.
The VIP program is that Initia is expected to remove the lack of value suffering from atoms.
“The greatest collapse for Atom was the fact that Cosmos users did not care for the token. Cosmos Ephesales did not have a strong reason to integrate Atom.”
To be fair, these are not particularly original mechanics. VIP Rewards of Initia has similarities of Berachain’s “proof-off-locidity” or “gold” campaign of blasts. MeV capture is being followed by several other ecosystems/apps. Mediation Announced Custom gas token today.
Is there probably the original a holistic combination of all these design options From the first day To avoid many problems of allegations of atomic or ETH value.
Intia launch
Initia has raised a total of $ 25M in September 2024 through three private rounds and $ 2.5m Echo round.
According to Initia’s press release, there are at least 18 teams that are constructing on its interwaoven stack. These teams have collectively raised $ 28m, especially more than Initia’s growth of their own growth. I saw a similar pattern with megieth. Is the fat protocol thesis dead?
Anyway, Init becomes live today. It is here Tocharms,
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