Blockchain
By Dan Saada
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Gravity Bridge to Ethereum is a major upgrade to the Cosmos Hub in Q2. The bridge is getting developed by Althea Network to act as a gravitational force that pulls capital…
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With Gravity DEX as the first inter chain DEX, the Gravity Bridge to Ethereum will pull capital to the Hub and unlock new opportunities.
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There are lot of reasons to get excited about this for the Cosmos Community. Gravity DEX is very significant for the Cosmos Hub as it brings in enormous potential to…
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Gravity DEX are incentivizing other chains to bring in DeFi to Cosmos, thus generating unlimited transactions. Also, the fees will go directly to the Cosmos Hub.
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Cited advantages in the twitter thread are: Using IBC, Gravity DEX enables Permissionless swaps and pools of tokens between any 2 blockchains in the Cosmos or beyond, meaning way…
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New Projects Can Instantly and Permissionlessly Trade Blockchain. Developers will be able to permissionlessly list their tokens and get instant price discovery and…
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Gravity DEX Levels the DeFi Playing Field. DeFi growth is on fire, but high fees on DEXs on Ethereum mean that DeFi is getting taken over by whales.
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It's Easier to discover Cosmos Tokens Apart from projects like BNB, ATOM, or LUNA and it's hard to have access to a lot of Cosmos tokens.
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Better Price Consistency Beyond high fees, slippage on DEXs like Uniswap leads to price inconsistencies.
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Gravity DEX enables the community to build order book trading UIs. This is a useful instrument for traders as they get instant and valuable market pricing info on all tokens…
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Farming Incentives Gravity DEX will provide bonuses for early participants in the form of farming incentives which will encourage greater liquidity.
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When Staking Derivatives, the staked ATOM will be bonded and it can't be used in DeFi; however, staking derivatives later this year can be traded freely on Gravity DEX and around…
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