Neutron Mercury Upgrade
APR
09
Event date
Wednesday 09 April 2025, UTC
Event description
- Neutron’s Mercury upgrade shifts it from Cosmos Hub’s Interchain Security to a sovereign proof-of-stake network, a move that mirrors other Cosmos ecosystem projects like Osmosis seeking greater autonomy since 2023.
- The upgrade introduces Supervaults, a new liquidity provision method, addressing DeFi’s need for efficient capital use, a challenge highlighted by Uniswap’s $1.2 billion in impermanent loss in 2024 per DeFiLlama.
- Neutron’s ATOM Reward Program and $10M liquidity boost aim to double its TVL, tapping into the Cosmos ecosystem’s $5 billion TVL as of March 2025, per DefiLlama, to strengthen its DeFi position.
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