Home Blockchain Gravity Dex and Gravity Bridge are New Priorities on the Cosmos (ATOM) Blockchain

Gravity Dex and Gravity Bridge are New Priorities on the Cosmos (ATOM) Blockchain

cosmos atom blockchain

Earlier this year, Cosmos completed its whitepaper, fulfilling its founding vision of blockchain interoperability, scalability & usability that was laid out in the original 2016 roadmap.

Reportedly, what started as Jae Kwon and Ethan Buchman’s creation of what is now the Tendermint consensus algorithm has evolved in to a thriving community which has evolved from being a fundraiser to the multi-entity virtual organization which powers hundreds of innovative blockchain apps and services today.

They now have a clear roadmap.  Gravity Dex and Gravity Bridge are new priorities on the cosmos blockchain.

Gravity DEX protocol makes it possible to have token swaps with an AMM model which will deliver better price consistency and order execution, when compared to several other compelling features like the order book capability and reduced transaction fees.

Gravity DEX paired with IBC is a powerful component in cross-chain DeFi protocols.  There is a lot of expectation building around extensive automation and flexibility in the delivery of DeFi services.

Also with AMM on the Cosmos Hub permits enterprises with IBC-connected sovereign blockchains to concentrate on serving specialized products to their users without the challenges of sourcing liquidity.

The free flow of assets between chains will improve with the launch of the secure decentralized Gravity Bridge which will connects the Hub (and other Cosmos chains) to Ethereum and EVM-compatible chains.

Gravity Bridge makes it possible to transfer ATOM tokens on the Cosmos Hub, Ether (ETH), and ERC20 tokens. Also, permits users to carry out DeFi on Cosmos and Ethereum, enriching DeFi in the Cosmos ecosystem through a virtuous feedback loop.

ATOM holders at present get their rewards by staking their tokens to validators.  Thus, securing the Cosmos Hub; however, these tokens need to be bonded.

On the horizon in roadmap 2.0, staking derivatives allow for the collateralization of delegations, for DeFi lending and Gravity DEX swaps. ATOM holders can now stake their tokens while enjoying the benefits that the broader DeFi ecosystem offers.

The Cosmos Hub are set to deploy new modules to help improved management of NFTs, governance, accounts, and authorization. They are making significant headway with these initiatives and more information will be available as they work through the road map.

 

 

 

With Cosmos what is required is an abundance mindset.  There is plenty of space for multiple DEXs, lending protocols, ETFs, NFT platforms, stablecoins, virtual machines, etc. They are making it all possible.

 

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Steven Anderson

Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9

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