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The role of cosmos (atom) in decentralized finances and commerce
The world of cryptocurrencies has come a long way from the beginning. From Bitcoin to Ethereum, every new blockchain has brought with many innovative solutions that have transformed the financial panorama. One of the most promising projects in this area is the decentralized network of independent parallel blockchairs. In this article, we deepen the role of the cosmos (atom) in decentralized finances (Defi) and trade.
What is Cosmos (atom)?
Cosmos is an open source blockchain network consisting of 20 independent “blockchain, each has its own unique features and cases of use. These blockchairs are connected through a system of intertwined bridges that allows perfect communication between them. This decentralized architecture allows for the creation of parallel blocks.
decentralized finance (defi) in the cosmos
Cosmos played a decisive role in Defi’s growth. The decentralized financial ecosystem of the network is based on the intercontinental stock exchange chain (ICE), which provides a robust and scalable infrastructure for defi applications. Some projects that are remarkable in Cosmos are as follows:
- UNISWAP : The decentralized exchange (DEX) built on the Cosmos network, which allows users to replace low -priced devices.
- Curve Dao token : Decentralized Autonomous Organization (DAO), which allows users to participate in decisions of DEX and other decentralized applications.
- aave : Coan Protocol, built on Cosmos Network, offers high performance interest rates and flexible credit conditions.
Cosmos (atom) as a liquidity service provider
One of the most significant contributions of Cosmos is the role of liquidity service provider in the Defi markets. By connecting multiple blockchains through intertwined bridges, Cosmos allows users to replace devices in different chains at minimal costs. This was particularly useful for projects such as UNISWAP and AAVE.
According to the chain report, the cost of average trade in the cosmos is significantly lower than in other blockchains. For example, the same $ 10,000 investment that lasts 30-40 seconds to operate in Bitcoin can be done in Cosmos in less than 2 minutes.
Trade in the cosmos (atom)
Cosmos trade has become increasingly popular due to competitive prices and high liquidity. According to CoinMarketcap, all Cosmos -based tokens are over $ 15 billion. The decentralized commercial environment of the platform allows users to trade minimal restrictions, so it is an attractive opportunity for both experienced merchants and newcomers.
Advantages of using Cosmos (atom)
The benefits of using the cosmos (atom) in Defi and commerce are many:
- Low Interest Foods : Cosmos offers significantly lower transaction rates compared to traditional stock exchanges.
- High Liquidity : The decentralized architecture of the platform allows large commercial quantities to offer an attractive opportunity for merchants.
- Competitive prices
: The average cost of the cosmos trade is lower than in other blockchains.
- Flexibility : Cosmos allows users to trade with minimal restrictions with multiple blockchains.
Conclusion
Cosmos (atom) plays a leading role in the ecosystems of Defi and commerce and offers a decentralized architecture that allows for the creation of parallel blockchairs. The proportion of low platforms, high liquidity, competitive prices and flexibility offer an attractive opportunity for Defi dealers and fans. As Cosmos further develops and expands its ecosystem, we can expect to see even more innovative use.
References:
- Analytical chain: “The effect of the cosmos on the defi market”
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