MultiversX Tracker is Live!

You Can Now Swap Tokens From Polkadot and Cosmos Networks With Moonbeam ????

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by COINS NEWS 124 Views

I'm forever bullish on Cosmos and IBC. Open standard, removes wrapper centralization, you don't have to spend marketing dollars just for the right to exist, removes bridges/wrappers as a forever risk that never goes away.

Anyone in defi whose used wrapped tokens and natively bridged assets gets it. Wrapped tokens are forever at risk and reliant on bridge/wrapper security. We're all fucked if $WETH or $WBTC get compromised. Meanwhile you only have to sweat with IBC/native bridging while the transaction is in the ether. Once fully settled, you can breathe easy.


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