Learn how to access remarkable yields in Cosmos ecosystems through Inter-Blockchain Communication
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Today we go through the Cosmos hub and spoke ecosystem to deliver a tutorial on inter-blockchain communication transfers. The Cosmos Ecosystem is made up of the Cosmos hub and its surrounding zones, AKA applications. These applications are similar to DeFi on EVM chains like Polygon, Avalanche, and Fantom. The DeFi ecosystem is blossoming on the Cosmos Hub with the help of a robust proof-of-stake validator group. The staking functionality on Cosmos allows anyone to stake tokens in these different zones and IBC allows seamless transfers from app to app across these zones.
Check out the video below to leverage IBC transfers and take advantage of the great yields on Cosmos, and also how to bridge from EVM chains to Cosmos. WATCH HERE
🙌 Together with:
Degate, a Decentralized Layer 2 Exchange based on zk rollups. DeGate will offer secure order-book trading that is faster and cheaper than mainnet. Degate also offers a fast and efficient L1 – L2 Bridge, testnet is operating now. Try it HERE!
🔥 Partner Project Updates
One of Ethereum’s Leading L2s Boba Network closed a massive Series A funding deal to increase their team & grow their ecosystem with hackathons and more, click the image to learn more about how to get involved!
⚠️ DISCLAIMER: Investing in cryptocurrency and DeFi platforms comes with inherent risks including technical risk, human error, platform failure and more. At certain points throughout this post, we might get a commission for promoting certain projects, if this is the case we will always make sure it is clear. We are strictly an educational content platform, nothing we offer is financial advice. We are not professionals or licensed advisors.
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