Deep Dive
1. Cosmos SDK Eden Integration (Nov 2024)
Overview: Oraichain integrated Cosmos SDK Eden (v0.50), enhancing scalability and developer tools. This aligns its infrastructure with Cosmos’ latest standards.
Key technical upgrades include:
- ABCI 2.0: Improved consensus efficiency via CometBFT v0.38.
- Optimistic Execution: Transactions now process instantly, reducing latency.
- Modular SDK: Core components decoupled for easier updates.
What this means: This is bullish for ORAI because it enables faster smart contract execution and seamless EVM/Solidity integration, broadening developer appeal. (Source)
2. IBC Hooks Fix (Nov 2024)
Overview: A critical patch resolved malfunctioning IBC Hooks, which had disrupted cross-chain communication.
The fix restored reliable data flows between Oraichain and interconnected blockchains, crucial for DeFi protocols like Skip that rely on real-time oracle data.
What this means: This is neutral for ORAI as it addresses prior instability but doesn’t introduce new functionality. However, it reinforces network reliability for AI-driven dApps. (Source)
3. Inflation Rate Adjustment (Nov 2024)
Overview: The inflation rate was recalibrated to 8.5%, reversing an unintended drop from a previous upgrade.
This adjustment stabilized staking rewards, with APR returning to ~16%, incentivizing validator participation and network security.
What this means: This is bullish for ORAI as it restores economic equilibrium, encouraging long-term staking and reducing sell pressure from validators. (Source)
Conclusion
Oraichain’s recent codebase updates prioritize interoperability (via Cosmos SDK) and economic stability, positioning it as a scalable AI Layer 1. While technical debt fixes like IBC Hooks are routine, the Eden integration signals ambitious infrastructure modernization.
How will these upgrades impact Oraichain’s adoption in AI-driven DeFi ecosystems?