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Published Mar 8, 2023

Osmosis Labs with Sunny Aggarwal | ETHDenver 2023 Interview #3

Sunny Aggarwal from Osmosis Labs delves into the strategic partnership with Axelar at ETHDenver 2023, emphasizing its advanced bridge technology and the expansion of blockchain interoperability between Cosmos and Ethereum, alongside the groundbreaking launch of Mars, a new lending app chain revolutionizing DeFi.
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Episode Highlights

  • Axelar's Role

    Axelar plays a crucial role in enhancing interoperability across blockchain ecosystems, bridging the gap between EVM and IBC worlds. highlights how Axelar facilitates seamless communication between Ethereum and Cosmos SDK chains, positioning itself as a bridge app chain with a proof-of-stake model 1. This approach differentiates it from other solutions like THORChain, which restricts bridging to its swaps 1.

    Axelar is definitely helping bridge the EVM and IBC worlds. There are new stuff that they're building. It helps you send messages between EVM chains to Cosmos SDK chains very seamlessly.

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    describes Axelar as the "Cosmos between Cosmos and Ethereum," emphasizing its strategic importance in the blockchain landscape 2.

       

    Cross-chain Innovations

    Cosmos and Axelar are at the forefront of cross-chain innovations, particularly in the realm of DeFi. discusses the recent launch of Mars, a lending app chain in the Cosmos ecosystem, which quickly reached its borrow caps, indicating strong demand 3. This development marks a significant step in expanding DeFi use cases beyond DEXes to include lending and borrowing, with Axelar playing a supportive role.

    Mars is a lending app chain, and they just sort of launched recently. And so in Cosmos, they're having a couple lending applications, but none of them had real product market fit yet until Mars launched.

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    The collaboration between Cosmos and Axelar showcases their commitment to pioneering solutions that enhance cross-chain communication and interoperability 3.

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