Axelar Foundation

Supporting @axelar, the Web3 interoperability platform that is open, secure and scalable so developers can build once, run everywhere.

[Axelar Foundation @AxelarFDN]

The @interop_labs team has signed an agreement to join @circle. The Foundation thanks Interop Labs for its contributions to the network over the years.

The Axelar Network, Foundation, and AXL token remain fully independent. Axelar Foundation is welcoming @CommonPrefix, a leading network contributor, to take over Interop Labs activities and lead development of the network following the closing.

The Axelar Network is the most open-source and non-custodial interoperability network in existence today. We look forward to continuing to build alongside a tremendous ecosystem of builders.

Read the announcement:
https://t.co/H5hlstW9EF

[Axelar Foundation @AxelarFDN]

Reminder: Axelar Foundation and various partners are undertaking internal token management and rebalancing activities at this time. As part of this process, you may notice certain AXL delegations unbond and redelegate.

[Axelar Foundation @AxelarFDN]

The Axelar Foundation and select ecosystem partners are undertaking internal token management and rebalancing activities. As part of this process, you may notice certain AXL delegations unbond and redelegate over the coming weeks.

[Crypto.com @cryptocom]

🤝 @axelar Foundation selects https://t.co/vCNztATkNg to secure institutional custody of $AXL tokens.

Read more here: https://t.co/60jganPuWp

[Axelar Foundation @AxelarFDN]

The Axelar Foundation and select ecosystem partners are currently undergoing internal token management as a part of a migration to a new custodian. As a result, you can expect to see unbonding of some AXL delegations and subsequent redelegation over the coming weeks.

[Elys Network @elys_network]

Gaining access to an entire ecosystem at once is one of the toughest missions.

@Axelar helps teams scale beyond their own siloed ecosystems, uniting them and making liquidity easily accessible.

Thanks to them, we will gain access to a wealth of layers and tokens with ease.🏗️

[Axelar Network @axelar]

“Cosmos was designed to be the Internet of Blockchains, and Axelar is extending that vision across every ecosystem in Web3 ..."

Built on Cosmos, @elys_network is changing DeFi UX + uniting fragmented liquidity. Proud to bring this innovation to the 🌐

https://t.co/uC128NDIRh

[Axelar Network @axelar]

The Axelar community welcomes @Arrington_Cap and @ElectricCapital, plus 5 more funds in a $30M investment into Axelar Network.

Learn more 🧵⤵️

[Axelar Foundation @AxelarFDN]

Axelar Foundation is pleased to support @superstatefunds + the SIC. Secure interoperability is key to the adoption of tokenization in financial services and capital markets.

[Superstate @SuperstateInc]

1/ 📢 Today, we're thrilled to welcome 15 members to the Superstate Industry Council (SIC), a group of leading institutions dedicated to shaping our product roadmap & driving the adoption of tokenization in traditional financial markets.
https://t.co/kKlQZbBY5Z

[Axelar Network @axelar]

@AxelarFDN is looking to join 0x83271E76df1eF8f77487A88fc6aE1478280396bD and 0x3e277051019fDBF6A759ff847D197FE657Ca74fe interim multisigs, which will have temporary admin and pauser capability over the Lido wstEth NTT deployment on Ethereum and BNB, as well as admin capability over the wstEth token on BNB with the address 0x4687759DAb0B8319E8dcc59007116b4723838FB1

https://t.co/5W2Ft1qRv9

[Axelar Foundation @AxelarFDN]

Tempcheck + request for comments on a Foundation proposal to further reduce inflation per external chain: https://t.co/uQ1XgJzsJB

[Axelar Foundation @AxelarFDN]

Update: the proposal passed. Inflationary rewards for EVM chain connections are now 0.3% per chain.

[Axelar Foundation @AxelarFDN]

Now live: the on-chain governance proposal to decrease Axelar network inflation per EVM chain to 0.3% (the final leg) ⤵️
https://t.co/m07W0JAqGc

More on how & why this helps Ethereum & Axelar scale:
https://t.co/GZ13yLr4Ln

Voting closes in ~3d, at ~5:30pm UTC, Dec 8.

[Axelar Foundation @AxelarFDN]

Now live: the on-chain governance proposal to decrease Axelar network inflation per EVM chain to 0.3% (the final leg) ⤵️
https://t.co/m07W0JAqGc

More on how & why this helps Ethereum & Axelar scale:
https://t.co/GZ13yLr4Ln

Voting closes in ~3d, at ~5:30pm UTC, Dec 8.

[Axelar Foundation @AxelarFDN]

Update: Four new Axelar network governance proposals have passed. Axelar now has:
👉 Reduced inflation for EVM connections (supporting L2 scaling).
👉 New parameters for governance proposals.
👉 Improved connection to @0xMantle.
🦾

[Axelar Foundation @AxelarFDN]

The following four on-chain governance proposals are open on Axelar network. Voting closes in ~12h, after 12am UTC, Nov 4.

Update inflation rate for maintaining EVM chains https://t.co/8GsvJp0ygD

Update Mantle EVM chain confirmation height https://t.co/8L4ZZrZROf
🧵👇

[Axelar Foundation @AxelarFDN]

Update minimum deposit for governance proposals https://t.co/JtHjswXGmt

Increase voting period for governance proposals https://t.co/M3vVd2MLb6

###

[Axelar Foundation @AxelarFDN]

The following four on-chain governance proposals are open on Axelar network. Voting closes in ~12h, after 12am UTC, Nov 4.

Update inflation rate for maintaining EVM chains https://t.co/8GsvJp0ygD

Update Mantle EVM chain confirmation height https://t.co/8L4ZZrZROf
🧵👇

[Axelar Foundation @AxelarFDN]

@djonip1 @sergey_nog @Polkadot @axelarcore https://t.co/svMsy9FxGo

Tldr: AXL provides incentives to verify state changes and communicate them cross-chain. It also enables a programmable cross-chain layer, where services and developer tools can permissionlessly deliver automation.

[Axelar Foundation @AxelarFDN]

@FlyHigh407 @sergey_nog @Polkadot @axelarcore "Most tokens are locked at genesis, they can be staked, but cannot be spent or transferred until they are unlocked, or released."

https://t.co/v1aVa48jWV

[Axelar Foundation @AxelarFDN]

@Aladdin_BX 🦾

[Axelar Foundation @AxelarFDN]

As Web3 scales to thousands of chains, how to preserve interoperability? Axelar Foundation proposes new AXL tokenomics to enable decentralized security + permissionless programmability across a coming L2 expansion.

Please read + comment ⤵️

https://t.co/GZ13yLrCAV

[Axelar Foundation @AxelarFDN]

@scoolio22 Thanks for the comment! Hope to see you in next week's AMA, @scoolio22.