Blockchain projects Cosmos and Blockstack have reportedly disclosed details of their HackAtom V and HackDeFi hackathons winners, providing an initial look, regarding the coming future of DeFi. 

Specifically, the peek into the scene will reportedly be mostly about marked developments in tooling, interoperability, and composability. 

Despite Ethereum still being the facilitating environment for most of DeFi advances, with more than $16 billion in crypto assets are locked at the moment by numerous DeFi Protocols. 

Cosmos and STX are standing at the 25th and 59th spots at the moment, marketcap wise, and seem to be improving their ranking rapidly to establish deeper footprints across the Ethereum’s DeFi sphere. 

As for Cosmos – the blockchain specialised in interoperability and scalability, is reportedly offering HackAtom V prizes to competitors, providing cross-chain staking, along with a time locked “clawback account.”

 Tomas Tauber – among the engineers helping to design Crypto.com’s anticipated blockchain – is the receiver of the Clawback Account – a smart contract-linked pair of accounts that provides a secondary access to funds, across a particular time frame. 

A potential use case for the linked accounts include crypto exchange wallet management, together with programmed “cashback” and different crypto asset reward initiatives. 

An additional DeFi initiative with potential reportedly includes Osmosis, which looks to be generally recognized as “Balancer meets Interchain Staking”, which functions as an automated market maker that is the same as Balancer. 

Blockstack – a project looking to make Bitcoin available as collateral to Dapp advances – the prizewinner was DualX – a project enabling users to preprogram particular trading logic into normally locked staking funds.