Noble_xyz is more than "USDC on Cosmos"!
Here are my notes on the recent interview between Cryptocito, Jelena (Noble co-founder & CEO) and Jack Zampolin (Strangelove Venture) on:
Noble mainnet launch on Mar 27th ✨
Noble's plan to use Interchain Security
$FRNZ airdrop 🪂
IBC UX ⬆️
And more!
1. What is Noble?
Noble is more than "USDC on Cosmos" and will open the floodgates for deep liquidity. It is:
a Cosmos SDK appchain with IBC-enabled.
Built for native asset issuance, starting with USDC.
Start as a permissioned Proof-of-Authority chain and plan to transition to Cosmos Hub consumer chain.
Noble plans to use Cosmos Hub shared security. Due to the last-minute design change (slashing), Noble will assess the situation and transition to ICS later.
2. Noble’s Goals
Solve liquidity fragmentation.
Provide the best UX for users.
Simplest experience for the asset issuers, including onboarding & integration.
⇒ Noble will strengthen Cosmos liquidity and also minimize dependencies on bridged USDC.
3. Noble contributors
@jelenaaa____ - co-founder & CEO.
@jackzampolin & @strangelovelabs - lead Engineering.
@zmanian - core from day 1.
@StefanCoolican - co-founder.
Currently recruiting: Director of Engineering & will work closely with @strangelovelabs.
4. Relationship with Circle (USDC issuer)
Circle are great partners. Noble helped them to understand the Cosmos journey. More info will be shared soon on Noble blog!
5. Noble airdrop
Noble is not launching a token since Noble is leveraging the Atom validator set. Noble will airdrop frienzie (FRNZ) as part of their marketing campaign.
On 27 Mar:
25 $FRNZ tokens will be paired with 1 Atom on 4 Cosmos DEX (@osmosiszone, @TeamKujira, @wynddao, @CrescentHub).
Snapshots for airdrop will also happen on this day.
Requirement: hold at least 50 axlUSDC.
On 03 Apr:
300 $FRNZ will be airdropped to the community.
On 12 Apr:
$FRNZ token holders will be able to claim Noble friendship bracelet & NFTs on @StargazeZone with the help of @swiftprotocol on @JunoNetwork.
Details 👇
6. Noble impact on Axelar
Noble takes USDC from Axelar, but they still have fantastic products:
Axelar connects the whole IBC with Ethereum.
Integration: @sommfinance, @squidrouter.
General Message Passing.
People do use Axelar.
7. On improving IBC UX
Noble is working on abstracting IBC txs so that all txs can happen with 1 click.
@stride_zone is building a middleware that makes their flow from signing 4 transactions to only 1.
8. How will Noble relayer be compensated?
Projects will normally pay for the Relayers' cost.
Projects can sign deals with teams to run the Relayers.
9. Resources
Noble’s Twitter: https://twitter.com/noble_xyz
Noble’s blog: https://mirror.xyz/nobleassets.eth
Noble’s website: https://nobleassets.xyz/
Watch the full interview here