Osmosis Launches Neon Upgrade
The Neon upgrade v14 includes a number of important updates enabling upcoming integrations for Osmosis, such as Mars Protocol and cross-chain swaps.
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News on the Neon upgrade v14:
As part of the Osmosis v12 upgrade, arithmetic averaging has been implemented for pricing, but when used as an oracle for lending protocols, it's better to consider upward price manipulation using geometric averaging. The Neon upgrade will enable Osmosis liquidity pools to expose both the arithmetic and geometric pricing mechanisms, allowing protocols to choose which mechanism they use. This will be useful for the implementation of concentrated liquidity, as it will streamline price tickers.
Downtime Detection Module
This can detect if the Osmosis system is recovering from downtime, then display this data as a query to the contract. This is useful in preventing improper liquidation in lending protocols that rely on Osmosis price data if Osmosis goes down. The downtime detection module allows oracles to query how long the chain has been recovering from downtime, and the operator can choose a time frame after the restart at which they can return accurate price data.
IBC v4.2.0 Upgrade and Wasm Hooks
Osmosis is upgrading its IBC implementation to version 4.2.0. This will unlock the ability to repeatedly use wasm hooks across chains and launch outpost dexes on other chains to make cross-chain swaps using Osmosis liquidity. Outpost dexes will allow any chain that supports cosmwasm to have access to Osmosis liquidity without needing to transfer funds to Osmosis in a separate step.
This upgrade is important for the future deployment of the Mars protocol on the Osmosis blockchain. The improvement of the Inter Blockchain Communication (IBC) will allow the transfer of Osmosis liquidity between other blockchains connected to IBC, which will benefit the entire CosmosHub.
Thanks to the active team of developers on Osmosis, the blockchain is constantly improving and innovating, which is a big plus. New enhancements and features, such as the arithmetic and geometric pricing mechanisms, or the ability to create Outpost dexes on other blockchains using IBC, demonstrate that the team behind Osmosis is determined to keep developing this blockchain and bringing benefits to the entire ecosystem.