GravityDEX protocol integration into Cosmos Hub at block height 6910000 brings DeFi to Cosmos. As a result, the first cross-chain DeFi Protocol on the Cosmos Hub is now live.

Emeris Beta will be the first end-user interface to integrate GravityDEX.  Thus, Emeris users will be the first to use the Gravity DEX Protocol to experience the power of Cross-chain DeFi. More apps will come soon.

With a backup of more than $3B of digital assets, the Gravity DEX protocol makes it possible for DeFi to happen across multiple chains. In addition, swaps and pools of digital assets between any two connected blockchains will become a reality on the Cosmos Hub.

Token Swaps enables quick access to different tokens from connected chains.  Many of them are not available on centralized exchanges. Discover new and innovative Cosmos projects, swap tokens, and provide liquidity.

Cross-chain Defi is considered to be a method to level the DeFi playing field. The transaction fee on the current DEXs is high.  And, DeFi is making survival difficult for smaller traders.

Gravity DEX protocol focuses on leveling up the DeFi playing field, thereby making cross-chain Defi accessible to all types of traders. In addition, they are set to make use of batched transactions to bring down the fees dramatically.  The protocol aims at using batched transactions to lower the fees between $0.01 through $0.10 substantially.

The Gravity DEX protocol will be using an Equivalent Swap Price Model (ESPM) to ensure price consistency.  Thus, reducing arbitrage opportunities. In addition, batch order execution is expected to remove the possibility of front-running, making trading fairer.  Therefore, traders will be able to use order book trading UIs to get instant market pricing information.

The protocol focuses on bridging Ethereum and other EVM compatible chains. As a result, liquidity will improve substantially, and there will be an increased flow of value in the cosmos hub.

Gravity Bridge will provide cheaper ERC20 transactions, bringing down Ethereum gas fees to eventually open up a wealth of DeFi opportunities.

Gravity DEX testnet was a huge success. The testnet had 21,775 traders, and an incentivized competition was triggered. The testnet racked more than 715,030 transactions with a total locked value of approximately 190 million as TLV in pool investments.

Those who enter the cross-chain DeFi portal will be able to swap, transfer and pool assets. Defi Experience will be to the next best level because users will manage their assets across multiple chains that are interconnected all in one place.