The new Cosmos liquidity system is likely to go live on or shortly after September 19, as long as the Wormhole governance proposal for it passes.
A group of decentralized finance protocols have teamed up to solve liquidity problems in the Cosmos ecosystem. The teams involved include cross-chain bridging protocol Wormhole, liquidity aggregator Swing, lending protocol Tashi, and Cosmos network Evmos.
Tashi will also implement Swing into its user interface, allowing users to bridge the coins and deposit them as collateral with a minimum of button clicks. Users will then be able to take out loans of either Cosmos-based or Ethereum-based coins using this collateral, swap the loaned coins for others, deposit them into liquidity pools, or perform other common DeFi actions.
According to Ironside, this experience caused her to realize that the team needed to focus on this problem. “Coming in as new users [...] and trying to figure out where the solutions to these problems were, [that] was a big deal,” she remarked.
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