TheDinarian
News • Business • Investing & Finance
šŸ’„Interchain Accounts & Queries: A New Chapter for Liquid Staking in CosmosšŸ’„
The birth of IBC (Inter-Blockchain Communication protocol) in April 2021 marked the beginning of a new era for the Cosmos ecosystem.
October 21, 2022
post photo preview

The birth of IBC (Inter-Blockchain Communication protocol) in April 2021 marked the beginning of a new era for the Cosmos ecosystem. Through this added feature, previously independent blockchain networks built using Cosmos & Tendermint technology became united, enabling seamless fluidity for digital assets and supercharging utility.Ā 

Via the implementation of IBC, new and exciting Interchain native features have been introduced to allow for more seamless communications and operations (i.e. Interchain Accounts & Queries), significantly boosting the user experience. Unlike a bridge between blockchains, IBC doesn’t require any trusted third party to operate and is capable of expanding far beyond token transfers – it enables arbitrary data transfer between chains and is therefore crucial to interactions between the Persistence and Cosmos networks.

Let’s take a look at how both of these features work within the Cosmos ecosystem along with how pSTAKE will leverage them to launch our new stkATOM product to enable non-custodial liquid staking through Cosmos-native actions.

About Interchain Accounts & Queries

Both of these features were added to Cosmos as part of IBC 3.0.0, which was originally released with the Cosmos v7 Theta Upgrade on March 25th, 2022.Ā 

Interchain Accounts

Interchain Accounts (ICA) allow an account on one blockchain to execute activities on another blockchain, enabling greater possibilities across Cosmos through more effective cross-chain communication. This functionality permits a blockchain to allow an application running on its ecosystem to execute an action and securely control an account on another network, all while remaining on a single interface.

This is made possible by creating a concept of Host and Controller chains, where an account created on a Host blockchain can be controlled by an authentication module on a Controller blockchain.Ā 

Given that arbitrary messages can be sent from the Controller to the Host chain via IBC, actions native to the Host chain (i.e. staking and unstaking) can be executed on behalf of the Interchain Account.

Interchain Queries

Interchain Queries (ICQ) are a feature that allows a blockchain to read data from another network, allowing developers to securely retrieve data from its storage by requesting information about the network or application state. They’re a key addition to DeFi applications, allowing them to query required data accurately without needing consensus.

For the initial network to prove that the result (or query) is accurate, a cryptographic proof is attached to every value. Previously, queries would only be functional within the same blockchain – ICQ solves this by allowing blockchains to fetch data from different zones.Ā 

For Interchain Queries to function, two blockchains need to be interconnected through IBC. In addition, you need a relayer to send messages between these zones, a module to create and verify the queries, and a system to decipher the rules and enable them for use.

stkATOM Interchain Functionality & Mechanics

ICA enables stkATOM to be a completely non-custodial liquid staking solution, meaning your assets are never held within a custodial wallet owned by Persistence or anyone else. Instead, they always belong to you, where approving transactions through the stkATOM interface simply allows Persistence to stake your ATOM on your behalf (and nothing more).Ā 

To enable these mechanics, it’s important to understand how stkATOM uses ICA and ICQ.

Account Types

pSTAKE will use two Interchain Accounts as follows:

  • Reward Account:Ā This account is used to collect staking rewards daily and will be created through governance as part of stkATOM’s initial launch.
  • Delegation Account:Ā This account is used to delegate deposited ATOM to approved validators and will also be created through governance at launch.

When a user stakes their native ATOM on pSTAKE through the stkATOM interface, the Persistence Core-1 chain (Controller chain) submits an ICA staking request to Cosmos Hub (Host chain) via an event-driven architecture enabled by relayers between the two networks.

Staking then occurs as if it were done natively by Cosmos Hub itself. A very similar process is utilised when a user requests to unstake stkATOM on pSTAKE.

The core staking logic of the stkATOM Cosmos application is defined as a Cosmos SDK module (which we call theĀ liquid staking module).Ā 

Auto-Compounding Rewards

A key game-changer for stkATOM is auto-compounding rewards. By auto-compounding user rewards, stkATOM maximises the yield received on staked ATOM through pSTAKE.

Auto-compounding is done daily and facilitated by both ICA and ICQ. Once a day, an ICA transaction is used to claim staking rewards, which are sent to the aforementioned reward account. In the current stkATOM implementation, ICQ is solely used to query the balance of this account periodically. This balance is then sent via an ICA send request to the delegation account, from which it’s staked.Ā 

Since the liquid staking module on the Persistence Core-1 chain checks every block to see if there’s an outstanding balance in the delegation account, staking will occur virtually instantly.

Cosmos & Interchain Modules: The Next Evolution

pSTAKE, the staking solution for The Internet of Blockchains, is working towards deploying our new stkATOM solution on the Persistence Core-1 chain, which will leverage ICA and ICQ to enable a completely non-custodial liquid staking solution of ATOM on Cosmos.Ā 

The addition of ICA & ICQ will be monumental in how other IBC-enabled blockchains interact with one another. Moreover, they’re key features to the future of the Interchain and growth of the Cosmos ecosystem.Ā 

This will usher in an entirely new era of utility, composability, security, and activity to spark the next wave in Cosmos and liquid staking.

Brace yourselves – the movement is just beginning.

About pSTAKE

pSTAKEĀ is a liquid staking protocol that unlocks liquidity for your staked assets. With pSTAKE, you can securely stake your Proof-of-Stake (PoS) assets, participate in protocol improvements and security to earn staking rewards, and receive staked underlying representative tokens (stkASSETs) which can be used to explore additional yield opportunities across DeFi.

At present, pSTAKE supports Binance Chain (BNB), Cosmos (ATOM), Persistence (XPRT), and Ethereum (ETH) networks’ native tokens, with a view to support more chains and assets in the future (SOL, and AVAX).

Developed by Persistence

PersistenceĀ is a Tendermint-based, specialised Layer-1 network powering an ecosystem of DeFi applications focused on unlocking the liquidity of staked assets. Persistence facilitates the issuance and deployment of liquid-staked stkASSETs, allowing users to earn staking rewards while participating in DeFi primitives, such as lending/borrowing and liquidity provisioning on DEXs.

Persistence aims to offer a seamless staking and DeFi experience for PoS (Proof-of-Stake) users and enable developers to build innovative applications around stkASSETs.

community logo
Join the TheDinarian Community
To read more articles like this, sign up and join my community today
0
What else you may like…
Videos
Podcasts
Posts
Articles
Pyth Network Is Playing A MAJOR Role šŸ˜‰

The @PythNetwork is playing a major role in financial data transparency by powering on-chain publishing of real-time Commerce Department GDP data. This initiative marks a huge leap for blockchain-based economic oracles, enabling markets to react instantly to official, anonymized metrics. As other economic indicators join this movement, decentralized finance stands to gain unprecedented data transparency and efficiency.

šŸ”ŽWhy This Matters:

šŸ”¹Publishing GDP and other markers on-chain lets oracles deliver accurate, up-to-the-minute pricing for DeFi and trading.

šŸ”¹The result is real-time market reactions, making price discovery and risk management faster and more reliable.

šŸ”¹Scrubbing data for anonymity preserves privacy while boosting trust in the blockchain ecosystem.

šŸ‘‰The Impact:

šŸ”¹Official government data feeds power smarter financial markets, improving decision-making for users worldwide.

šŸ”¹ PYTH Network’s leadership sets a new standard for integrating public ...

00:00:34
The future of home cinema and gaming?

Too cool, must have in the new life ahead. šŸ˜‰

00:01:21
Why did the SEC drop their appeal against Ripple?

@s_alderoty @Ripple

00:01:24
šŸ‘‰ Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? šŸ”œ

The future of Crypto x AI is about to go crazy.

šŸ‘‰ Here’s what you need to know:

šŸ’  'Based Agent' enables creation of custom AI agents
šŸ’  Users set up personalized agents in < 3 minutes
šŸ’  Equipped w/ crypto wallet and on-chain functions
šŸ’  Capable of completing trades, swaps, and staking
šŸ’  Integrates with Coinbase’s SDK, OpenAI, & Replit

šŸ‘‰ What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto šŸ‘‰txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

šŸ‘‰ Coinbase just launched an AI agent for Crypto Trading

(Dinarian Note: This Is Entirely Possible, We Are In Unchartered Waters. Tia, the celebrity psychic that took the departed Michelle Whitedove's position, is predicting only a 2 year bear market coming after this bull cycle. Time will tell...)

ā€œ4 year cycles are overā€¦ā€šŸ˜¶ā€šŸŒ«ļø

In this episode of the Cashu podcast I sit down with šŸ‘‰SMQKE, one of the top XRP & ISO-20022 fundamental analysts, to break down:

šŸ’„ Quadrillions set to flow through blockchain
šŸ’„ Why ISO tokens were preselected to upgrade SWIFT
šŸ’„ The Genius & Clarity Acts, stablecoins & regulation
šŸ’„ End of the 4-year cycle & rise of institutional money
šŸ’„ Bitcoin’s fate vs XRP, XLM, XDC, SHX & more

A must-watch for anyone serious about XRP, ISO-20022 tokens & the future of crypto.

Full Episode:

XRP 101 āœ…ļø
post photo preview

ā€¼ļø AUGUST 2025: CENTRAL BANK OF NIGERIA ORDERS FULL ISO 20022 MIGRATION ACROSS ALL SYSTEMS BY OCTOBER 2025ā€¼ļø

Documented.šŸ“šŸ’Ø

OP: Smqkedqg

post photo preview
post photo preview
The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network

For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.

The U.S. Department of Commerce has officially partnered with leading blockchain oracle providers, Pyth Network and Chainlink, to distribute critical official economic data directly on-chain. This initiative marks a historic shift, bringing immutable, transparent, and auditable data from the federal government itself onto decentralized networks. This is not just a technological upgrade; it's a strategic move to enhance data accuracy, transparency, and accessibility for a global audience.

Specifically, Pyth Network has been selected to publish Gross Domestic Product (GDP) data, starting with quarterly releases going back five years, with plans to expand to a broader range of economic datasets. Chainlink, the other key partner, will provide data feeds from the Bureau of Economic Analysis (BEA), including Real Gross Domestic Product (GDP) and the Personal Consumption Expenditures (PCE) Price Index. This crucial economic information will be made available across a multitude of blockchain networks, including major ecosystems like Ethereum, Avalanche, Base, Bitcoin, Solana, Tron, Stellar, Arbitrum One, Polygon PoS, and Optimism.

This development is closer to science fiction than traditional finance. The same oracle network, Pyth, that secures data for over 350 decentralized applications (dApps) across more than 50 blockchains, processing over $2.5 trillion in total trading volume through its oracles, is now the system of record for the United States' core economic indicators. Pyth's extensive infrastructure, spanning over 107 blockchains and supporting more than 600 applications, positions it as a trusted source for on-chain data. This is not about speculative assets; it's about leveraging proven, robust technology for critical public services.

The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.

This is the cycle of the great onboarding. The distinction between "Web2" and "Web3" is rapidly becoming obsolete. When government data, institutional flows, and grassroots builders all operate on the same decentralized rails, we are simply talking about the internet—a new iteration, yes, but the internet nonetheless: an immutable internet where data is not only published but also verified and distributed in real-time.

Pyth Network stands as tangible proof that this technology serves a vital purpose. It demonstrates that the industry has moved beyond abstract "crypto tech" to offering solutions that address real-world needs and are now actively sought after and understood by traditional entities. Most importantly, it proves that Web3 is no longer seeking permission; it has received the highest validation a system can receive—the trust of governments and markets alike.

This is not merely a fleeting trend; it's a crowning moment in global adoption. The U.S. government has just validated what many in the Web3 space have been building towards for years: that Web3 is not a sideshow, but a foundational layer for the future. The current cycle will be remembered as the moment the world definitively crossed this threshold, marking the last great opportunity to truly say, "we were early."

šŸ™ Donations Accepted šŸ™

If you find value in my content, consider showing your support via:

šŸ’³ PayPal:Ā 
1) Simply scan the QR code below šŸ“²
2) or visit https://www.paypal.me/thedinarian

šŸ”— Crypto DonationsšŸ‘‡
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

Read full Article
post photo preview
US Dept of Commerce to publish GDP data on blockchain

On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.

Lutnick said, ā€œThe Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.ā€

The data includes Real GDP and the PCE Price Index,Ā which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data šŸ‘‰will become increasingly important for generative AI.

While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

Source

šŸ™ Donations Accepted šŸ™

If you find value in my content, consider showing your support via:

šŸ’³ PayPal:Ā 
1) Simply scan the QR code below šŸ“²
2) or visit https://www.paypal.me/thedinarian

šŸ”— Crypto
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

Read full Article
post photo preview
List Of Cardano Wallets

Well-known and actively maintained wallets supporting the Cardano Blockchain areĀ Eternl,Ā Typhon,Ā Vespr,Ā Yoroi,Ā Lace,Ā ADAlite,Ā NuFi,Ā Daedalus,Ā Gero,Ā LodeWallet,Ā Coin Wallet,Ā ADAWallet,Ā Atomic,Ā Gem Wallet,Ā TrustĀ andĀ Exodus.

Note that in case of issues, usually only queries relating to official wallets can be answered in Cardano groups across telegram/forum. You may need to consult with specific wallet support teams for third party wallets.

Tips

  • Its is important to ensure that you're in sole control of your wallet keys, and that the keys used can be restored via alternate wallet providers if a particular one is non-functional. Hence, put extra attention toĀ Non-CustodialĀ andĀ CompatibilityĀ fields.
  • The score column below is strictly a count of checks against each feature listed, the impact of specific feature (and thus, score) is up to reader's descretion.
  • The table represents current state on mainnet network, any future roadmap activities are out-of-scope.
  • Info on individual fields can be found towards the end of the page.
  • Any field that shows partial support (eg: open-source field) does not score the point for that field.

Brief info on fields above

  • Non-Custodial: are wallets where payment as well as stake keys are not shared/reused by wallet provider, and funds can be transparently verified on explorer
  • Compatibility: If the wallet mnemonics/keys can easily (for non-technical user) be used outside of specific wallet provider in major other wallets
  • Stake Control: Freedom to elect stake pool for user to delegate to (in user-friendly way)
  • Transparent Support: Easy approachability of a public interactive - eg: discord/telegram - group (with non-anonymous users) who can help out with support. Twitter/Email supports do not count for a check
  • Voting: Ability to participate in Catalyst voting process
  • Hardware Wallet: Integration with atleast Ledger Nano device
  • Native Assets: Ability to view native assets that belong to wallet
  • dApp Integration: Ability to interact with dApps
  • Stability: represents whether there have been large number of users reporting missing tokens/balance due to wallet backend being out of sync
  • Testnets Support: Ability to easily (for end-user) open wallets in atleast one of the cardano testnet networks
  • Custom Backend Support: Ability to elect a custom backend URL for selecting alternate way to submit transactions transactions created on client machines
  • Single/Multi Address Mode: Ability to use/import Single as well as Multiple Address modes for a wallet
  • Mobile App: Availability on atleast one of the popular mobile platforms
  • Desktop (app,extension,web): Ways to open wallet app on desktop PCs
  • Open Source: Whether the complete wallet (all components) are open source and can be run independently.

Source

šŸ™ Donations Accepted šŸ™

If you find value in my content, consider showing your support via:

šŸ’³ PayPal:Ā 
1) Simply scan the QR code below šŸ“²
2) or visit https://www.paypal.me/thedinarian

šŸ”— Crypto
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

Ā 

Read full Article
See More
Available on mobile and TV devices
google store google store app store app store
google store google store app tv store app tv store amazon store amazon store roku store roku store
Powered by Locals