Bankless Osmosis Labs with Sunny Aggarwal | ETHDenver 2023 Interview #3
Mar 8, 2023
Sunny Aggarwal, a key member of Osmosis Labs and Cosmos, dives deep into the evolving landscape of the Cosmos ecosystem. He discusses innovative interoperability solutions with Axelar, enhancing connections between Ethereum and Cosmos. They explore the launch of the Mars lending app, highlighting its impact on DeFi dynamics within Cosmos. Sunny also sheds light on under-collateralized lending and the vibrant Cosmos community, showcasing how it’s much more than just a DeFi hub with its thriving NFT and gaming sectors.
AI Snips
Chapters
Transcript
Episode notes
Axlar: Bridging Ecosystems
- Axelar acts as a bridge between EVM and Cosmos ecosystems, similar to Cosmos connecting blockchains.
- It's a Cosmos SDK-built app chain functioning as a bridge, using a proof-of-stake system unlike multi-sig bridges.
Osmosis, Axelar, and Thorchain
- Osmosis and Axelar combined offer similar functionality to Thorchain but with separate bridging and swapping functions.
- Osmosis chose Axelar for its bridging technology due to security concerns and Axelar's expertise.
Axlar's Growing Adoption
- Osmosis leverages Axelar's bridging tech as a translation layer to communicate with EVM chains, minimizing its own bridge risk.
- Axelar's increasing traction includes partnerships with Polygon Supernets and the Base rollup, highlighting its growing adoption.