TLDR

• Agoric is a layer-1 blockchain built on the Cosmos stack that aims to bring a compelling new VM to the world of DeFi using JavaScript to bring in the ~12 million JavaScript programmers to DeFi.

• They will launch as a permissioned smart contract chain with the Inter Protocol already integrated with a native AMM, vaults and liquidators.

• As the chain develops, they will instill gas fees and open the chain to permissionless smart contract deployment. They already have many sample codebases for developers to replicate such as AMMs, lending, vaults and much more.

• The Inter Protocol brings forward its own stablecoin IST, which has a...