Evmos, Swing, Tashi and Wormhole Team Up to Solve Cosmos' Liquidity Issues

Tashi And Swing will to integrate Wormhole bridged tokens For USDC, USDT, wETH, And others, potentially manufacturing Cosmos Challenge Easier has use.

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A band of decentralized finance (Challenge) protocols to have teamed up up has solve liquidity problems In THE Cosmos ecosystem. THE teams implied include cross chain bridging protocol Wormhole, liquidity aggregator Swing, ready protocol Tashi, And Cosmos network Evmos.

According to has declarations Since two of THE teams implied, Wormhole will register five new bridged tokens For to use on Eumos: Attached (USDT), USD Piece of money (USDC), envelope Ether (wETH), envelope Bitcoin (wBTC) And Solana (GROUND). A Wormhole governance vote on This part of THE proposal began on September 19 And Currently has close unanimous support.

Once THE tokens are spear on Evmos, they will be implemented In Swing protocol, which will allow users has send them has Evmos Since any of them network that Swing supports, including BNB Chain, Polygon, Ghost, And others.

Tashi will Also implement Swing In It is user interface, allowing users has bridge THE coins And deposit them as collateral with A minimum of button clicks. Users will SO be able has take out loans of either Based on the cosmos Or Based on Ethereum coins using This collateral, to exchange THE lent coins For others, deposit them In liquidity swimming pools, Or perform other common Challenge actions.

Legend: Tashi user interface. Source: Tashi.

According to has representatives Since both Swing And Tashi, THE integrations are ready has go live And are simply waiting For THE Wormhole proposal has pass And be implemented. THE proposals vote will come has A END on September 24, which implied that THE new liquidity system should go live Soon after.

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