Kinesis Labs Integrates with Axelar Network
Kinesis Labs announces a strategic partnership with Axelar, the $1billion universal interoperability platform.
Axelar Network & Kinesis Labs
Kinesis Labs is delighted to announce an official partnership with Axelar Network, a secure cross-chain communication network that allows developers and users to interact with the multichain future.
Kinesis is an AMM designed specifically for stablecoins, composed of a team of quantitative researchers and engineers who work with interoperability infrastructure partners like Axelar to ensure stablecoins have proper liquidity cross-chain.
With the Satellite app, a cross-chain bridge built on the Axelar Network, anyone will be able to bridge over assets they hold from one chain to another with minimal fees. Satellite connects all Cosmos chains with multiple ecosystems with seamless interoperability and scalability.
The Partnership
Kinesis will deploy an Axelar base pool that contains USDC, USDT, and DAI, as well as an Axelar metapool to promote liquidity between Axelar stablecoins and other cross-chain stablecoins. The integration of these assets onto the Kinesis Labs platform will allow all users to have access to easy and low cost stablecoin swaps on Evmos and various other ecosystems.
Through Axelar, users can bridge over their stablecoins to provide liquidity in Kinesis to support the Evmos ecosystem while earning various incentives. With deep stablecoin liquidity, Kinesis will be able to support the future of DeFi on Evmos as the stableswap base layer for lending, swapping, and leveraged borrowing.
With this partnership, Kinesis is one step closer in becoming the stablecoin hub on Evmos, allowing users to swap assets across multiple EVM compatible chains and the Cosmos ecosystem. Kinesis Labs will work with Axelar to ensure trusted cross-chain liquidity and onboard the first $100 billion of stablecoins onto Cosmos.
About Axelar:
Axelar is the universal overlay network, delivering secure cross-chain communication for Web3. Axelar takes blockchain interoperability beyond permissioned multisigs, supporting general message passing and composability of programs via a proof-of-stake transport layer. Developer tools and APIs make it easy for both protocol and application developers to integrate interoperability. Axelar has raised capital from top-tier investors, including Binance, Coinbase Ventures and Polychain Capital. Partners include major proof-of-stake blockchains, such as Avalanche, Cosmos, Ethereum, Polkadot and Terra. Axelar’s co-founders are founding team members of Algorand and award-winning graduates of MIT, where they received notable recognition as part of their graduate studies.
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About Kinesis Labs:
Lowest Slippage. Innovative Tokenomics. Best user experience.
Kinesis Labs is the first stablecoin exchange on Evmos. Kinesis Labs is made up of a team of DeFi natives who have worked at the likes of Risk Harbor, Yeti Finance, and Hudson River Trading. Kinesis is the premier destination for all stablecoin trading on Cosmos, and will be deployed on Evmos Mainnet.
