David Park, co-founder of Cosmostation, shared his insights on product development, market intuition, and the evolving landscape of the Cosmos ecosystem during his interview. As the head of business development and marketing, Park oversees Cosmostation's dual operations: as a validator node operator across numerous Cosmos SDK-based networks like Cosmos, Iris, Kava, and Band Protocol, as well as some outside the ecosystem, and as a developer of core infrastructure products including the Cosmostation mobile wallet (iOS, Android), web wallet, and MintScan block explorer. These products, initially conceived to bolster the Cosmostation validator brand, have grown significantly, leading to requests for integration from various new networks. Regarding product development, Park emphasized Cosmostation's commitment to providing a seamless user experience. The Cosmostation mobile wallet, for instance, gained an early advantage by being released prior to the Cosmos mainnet launch, during the "Game of Stakes" testnet. Park explained that continuous upgrades, added functionalities like redelegation and claiming all rewards, and an intuitive UI/UX have been crucial to retaining users. He noted that while supporting a wide range of complex Cosmos SDK functionalities, such as staking, unstaking, and custom modules for networks like Kava, is challenging, it ultimately benefits users. When deciding which networks to support, Cosmostation prioritizes projects with a high number of users, significant transaction volume, and those building solutions useful for the Cosmos ecosystem, especially considering potential synergies with IBC. Park particularly values supporting projects migrating from Ethereum, as they already possess an established user base and social following. Cosmostation's work extends to the Binance ecosystem, where their relationship began during a Cosmos Hackathon in Seoul. They developed MintScan for Binance Chain, which is built with Cosmos SDK, and contributed to DeFi Station, a DeFi leaderboard and analytics website for Binance Smart Chain. Park acknowledged the rapid growth of DeFi Station but also highlighted the challenges of vetting projects in this space. He stated that their team relies on a combination of internal checkpoints—such as the presence of a GitHub, official Telegram, or Discord—and their collective intuition to filter out potentially dubious projects, noting, "Because a lot of these projects are anonymous, we can't 100% guarantee the safety of these projects but we try to filter it as much as we can before we listen." Park attributed much of his business intuition to his early experiences in crypto, recalling, "I've been scammed several times and just like everyone else that entered the space for the first time, I think that really helped build my intuition." He shared a personal failure from 2017-2018, where he invested in a new exchange token's seed round only to see the website disappear and the founder become unreachable after a month, prior to the vesting period unlocking. His journey into crypto began in 2015 through a roommate using Bitcoin on Silk Road, leading him to deep dive into Bitcointalk.org and participate in early ICOs like Lisk. Discussing the Korean crypto scene, Park believes Seoul and South Korea are evolving hubs despite being a relatively small space. He has observed many short-lived projects but also a "fair share of good teams that actually build things." He anticipates that upcoming regulations, including the taxation of crypto transactions starting next year, will be beneficial, allowing the industry to better explain itself to the government and foster a more inclusive regulatory environment. "People are expecting things to be more regulated, but at the same time more inclusive regulation wise," he explained. Regarding Cosmostation's internal structure, Park noted that the company started with four co-founders, who now serve as heads of their respective departments. Despite having grown to 14-15 people, the team operates without a strict top-down hierarchy, favoring open discussion and decentralized decision-making. Park believes that for small teams, decentralization in management can be advantageous, as "every man has to be a hero if the company is small." However, he feels that for larger, growing companies, "there definitely needs to be some sort of structure hierarchy" to prevent chaos. On validator decentralization, Park emphasized the importance of incentives in bootstrapping new networks. He views initial foundation delegations to experienced validators as a "good strategy to make some foundation delegations to a new validator node that has a good track record in a different network and maybe gradually decreasing that delegation in order to stabilize the network." He believes this helps build trust, boost awareness, and enables faster development. While core teams have a strong interest in this, he also sees value in community involvement in delegation decisions. Park feels the Cosmos Hub has achieved a significant level of decentralization, having "come a very long way," with increasing third-party development and community-driven governance proposals demonstrating a thriving ecosystem. Looking ahead, Cosmostation's ambition is not simply to be the biggest wallet provider but to be the "most inclusive," combining features and creating synergies within the ecosystem. Park also revealed a personal ambition for the mobile wallet to evolve into a financial instrument, potentially integrating features like crypto debit cards and a payment UI with QR code scanning. Personally, Park's ambitions have shifted from early retirement to building a happy family life in the near future, while continuing to contribute to Cosmostation's growth and influence within the Cosmos ecosystem. Park offered his perspective on the broader DeFi landscape, calling Binance Smart Chain a "very attractive playground" and suggesting it "might be the Ethereum layer two that everybody has been waiting for." However, he suspects much of the liquidity there is temporary, with many projects being copies of Ethereum counterparts, and assets potentially migrating back to Ethereum once its own layer two solutions mature. For Cosmos, he sees "a huge opportunity" for DeFi, given the current lack of major DeFi products and the immense potential once IBC becomes fully utilized. He expressed particular excitement for upcoming projects like Dfinity, Osmosis (Cosmos DeFi), and Gravity DEX (Cosmos Hub DEX).
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Network | Rank | Expected APR | Fans | Voting Power | Commission | Self Delegation | Uptime | Missed Blocks | Infrastructure | Governance |
|---|---|---|---|---|---|---|---|---|---|---|
Dymension Hub | 7 | 49.21% | 14,581 | 5.6 M 4.48% | 5.00% | 0 | 99.26 | 447 | 80 | |