Inventory of Cosmos Ecosystem Potential Protocols (Part 1): NFT, Liquidity Competition and Modularization

特邀专栏作者

2022-10-23 10:00

This article is about 1992 words, reading the full article takes about 3 minutes

7 Potential Agreements

Original Author: Morty

With the release of the Cosmos 2.0 white paper, more market attention has begun to focus on the future empowerment and development of Cosmos native token ATOM. By introducing inter-chain security ICS, liquidity staking, inter-chain scheduler and inter-chain allocator, ATOM will also have higher growth potential with the development of the overall ecology of Cosmos.

Therefore, how the Cosmos ecology will develop has become the focus of the market since then. In this article, we will share 15 Cosmos ecological protocols from the perspective of core competitiveness.

Osmosis

This article is the first.

Osmosis is a liquidity exchange place in the Cosmos ecosystem that supports the cross-chain communication IBC protocol, that is, DEX, which allows investors to trade and provide LP liquidity.

When using OSMO, the native token of Osmosis, to provide liquidity, investors can obtain OSMO rewards by staking their LP Token GAMM. While enhancing revenue, maintain the security of the Osmosis protocol itself.

NFT market

Creator Economy Platform

A Quick Look at Cosmos Ecological Potential Protocol (Part 1): NFT, Liquidity Competition and Modularization

Thorchain

The core competitiveness of Stargaze is that it complements the deficiencies of the NFT sector in the Cosmos ecosystem. It is foreseeable that with the development of the Cosmos ecosystem and the establishment of NFT, games and other projects, the advantages of Stargaze will become more and more obvious.

Thorchain is a decentralized cross-chain exchange developed through the Cosmos SDK. Its characteristic is that when we provide liquidity, we must pair assets with RUNE.

Currently, Thorchain already supports asset exchange between eight blockchains: Bitcoin, Ethereum, BNB Chain, Avalanche, Cosmos, Dogecoin, Litecoin, and BCH.

Kujira

Thorchain's core competitiveness lies in the cross-chain transaction services it provides, as well as the extended financial services on top of it. At the same time, Thorchain also allows more developers to deploy their own protocols on Thorchain to enjoy the multi-chain liquidity that Thorchain brings.

Kujira is a new Layer1 launched in August this year. It launched the native stablecoin $USK based on the Cosmos ecology. $USK was minted through the excess mortgage of ATOM. Based on Layer1 and $USK, Kujira has launched applications such as Blue (cross-chain platform), FIN (multi-chain order book trading platform) and Orca (liquidity mortgage platform).

A Quick Look at Cosmos Ecological Potential Protocol (Part 1): NFT, Liquidity Competition and Modularization

Berachain

Kujira's core competitiveness is the cross-chain DeFi ecosystem built on its over-collateralized stablecoin $USK. It is worth mentioning that the team is very clear about the future development path of Kujira and is constantly promoting the development of the protocol.

Berachain is a Layer 1 that drives the operation of the protocol through three types of tokens, built on the basis of the Cosmos SDK.

The three tokens of Berachain are BERA, BGT, and HONEY:
BERA is used as a protocol Gas token,
BGT is used as a protocol governance token,

HONEY is a stable currency, which is used for agreement transactions and income settlement.

These three types of tokens work like this: users pledge assets such as BERA, ETH, BTC, and stable coins to verifiers—the protocol obtains liquidity, and all liquid assets need HONEY tokens to pair—users get BGT rewards, BGT is non-transferable and non-transferable - BGT holders receive agreement income and settle in HONEY.