Gravity DEX – Bringing DeFi to Cosmos
The most advanced interchain DEX
- Tendermint enters the decentralized exchange arena with the ambitious goal of creating a one-stop DEX for trading any and all coins. Tendermint is the team behind the interoperable blockchain ecosystem Cosmos.
Gravity DEX – Bringing DeFi to Cosmos
- Gravity uses the Inter-Blockchain Communication (IBC) protocol to enable swaps and pools of digital assets between any two blockchains within the Cosmos ecosystem or beyond. Gravity also achieves superior efficiency compared to other AMMs due to its groundbreaking equivalent Swap Price Model.
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DezentralizedFinance.com is very excited about this interoperable approach of the Gravity DEX!
- There are different Decentralized Exchanges (DEXes) out there, e.g. Uniswap, Sushiswap. Most of these DEX´s are able to exchange tokens of their own ecosystem, at Uniswap you can exchange ERC tokens natively but none of the other native blockchains (only with wrapped tokens possible). A “real” interoperable swap is not available at the moment.
- The power of the Gravity DEX is the possibility to swap native tokens of different blockchains. At the beginning with projects running on IBC, but later on with other blockchains. Also bridges with e.g. Ethereum are usable. This brings a huge value to the Cosmos ecosystem.
Moreover, a quick listing of new projects on the Cosmos blockchain will be available in the future. This is very exciting and a big advantage for the whole Cosmos ecosystem. - We hope that the launch will happen in June/July 2021! So far the testnet of the Gravity DEX was a big success with a high number of participants.
- On top another automated market maker (AMM) is launching on Cosmos this year. More information about Osmosis is coming soon.
Gravity DEX – important links:
- Website: https://gravitydex.io/about/
- Updates: https://gravitydex.io/signup
- Telegram: https://t.me/cosmosproject
- Medium: Tendermint Blog
- Video: Gravity DEX Video
- Discord: Community
- Blog Post: Cosmos
Find out more about DezentralizedFinance.com and follow us via social media.
- RISK DISCLAIMER: All information presented above is meant for informational purposes only and should not be treated as financial, legal, or tax advice. This article’s content solely reflects the opinion of the writer, who is not a financial advisor. Do your own research before you purchase cryptocurrencies. Any cryptocurrency can go down in value. Holding cryptocurrencies is risky.
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