1/ Native Crosschain Transfers have arrived to #Cosmos!
@squidrouter is bridging the gap between EVM and IBC with @axelarcore' GMP.
Unlocking infinite Interoperability and Crosschain Liquidity.
🧵👇
@squidrouter is bridging the gap between EVM and IBC with @axelarcore' GMP.
Unlocking infinite Interoperability and Crosschain Liquidity.
🧵👇
2/ Crypto as we know it today suffers from liquidity fragmentation.
Complicated UX and capital intensive bridging solutions have prevented true interoperability across ecosystems.
The launch of @squidrouter for #Cosmos bring this vision closer.
Complicated UX and capital intensive bridging solutions have prevented true interoperability across ecosystems.
The launch of @squidrouter for #Cosmos bring this vision closer.
3/ @squidrouter removes the need to wrap an asset by plugging itself into already existing DEX such as @SpookySwap, @pangolindex or @osmosiszone
Since they're built on top of @axelarcore, they're able to plug into chains already supported .
Since they're built on top of @axelarcore, they're able to plug into chains already supported .
4/ The exploration will kick off with 13 Cosmos Chains.
Enabling the flow of liquidity from anywhere!
@osmosiszone
@StargazeZone
@SecretNetwork
@terra_money
@Umee_CrossChain
@TeamKujira
@EvmosOrg
@agoric
@JunoNetwork
@AssetMantle
@regen_network
@ComdexOfficial
@CrescentHub
Enabling the flow of liquidity from anywhere!
@osmosiszone
@StargazeZone
@SecretNetwork
@terra_money
@Umee_CrossChain
@TeamKujira
@EvmosOrg
@agoric
@JunoNetwork
@AssetMantle
@regen_network
@ComdexOfficial
@CrescentHub
5/ This means any EVM chain will have the ability to onboard to the Cosmos in an easy and safe manner.
- Imagine going from @FantomFDN or @avalancheavax directly onto @osmosiszone 🤯 without the crazy fees or routes.
One Click Swaps by @squidrouter are Magic ✨✨
- Imagine going from @FantomFDN or @avalancheavax directly onto @osmosiszone 🤯 without the crazy fees or routes.
One Click Swaps by @squidrouter are Magic ✨✨
6/ But what about Gas? ⛽
@squidrouter has got you covered!
Swaps onto the native Cosmos chain will earn you some of the destination chain’s native gas token to cover at least one transaction. 🤝
Example: Users coming to @osmosiszone will be given some $OSMO to pay fees.
@squidrouter has got you covered!
Swaps onto the native Cosmos chain will earn you some of the destination chain’s native gas token to cover at least one transaction. 🤝
Example: Users coming to @osmosiszone will be given some $OSMO to pay fees.
7/ @squidrouter is only just getting started.
Best of all, powered by @AxelAr, it makes enabling a Cosmos chain on Squid effortless - simply add an IBC relayer and you’re good to go!
No more of this 👇
Best of all, powered by @AxelAr, it makes enabling a Cosmos chain on Squid effortless - simply add an IBC relayer and you’re good to go!
No more of this 👇
8/ @cosmos is about frictionless and interoperable communication across different blockchains.
It is only fitting that @axelarcore and @squidrouter are furthering the interchain vision.
This is a big first step towards connecting the Cosmos!
It is only fitting that @axelarcore and @squidrouter are furthering the interchain vision.
This is a big first step towards connecting the Cosmos!
9/ Thank you for reading!
I hope you've found this thread helpful.
Follow me @Flowslikeosmo for more.
Be sure to Like and Retweet the first tweet below 👇
I hope you've found this thread helpful.
Follow me @Flowslikeosmo for more.
Be sure to Like and Retweet the first tweet below 👇
https://twitter.com/Flowslikeosmo/status/1628817111874404359
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