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HomeNewsPolkadot and Kusama Billion-$-Industry Connection: Composable Finance Launches Centauri, Unlocking DeFi Opportunities

Polkadot and Kusama Billion-$-Industry Connection: Composable Finance Launches Centauri, Unlocking DeFi Opportunities

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    • Polkadot and Kusama are now connected via a seamless bridge using the Inter-Blockchain Communication standard of the Cosmos ecosystem.
    • Composable Finance has launched the decentralized cross-network bridge, dubbed Centauri, unlocking new opportunities for non-custodial exchange of crypto and “yield farming”.

Polkadot and Kusama connected via seamless bridge

The DotSama ecosystem’s two largest networks, Polkadot (DOT) and Kusama (KSM), are now connected via a seamless bridge using the Inter-Blockchain Communication (IBC) standard of the Cosmos (ATOM) ecosystem. Developed by Composable Finance, the decentralized cross-network bridge, Centauri, enables seamless and trustless movement of funds between the two blockchains, unlocking new opportunities for non-custodial exchange of crypto and “yield farming.” Currently in open beta, KSM/DOT, PICA/DOT, and DOT/USDT liquidity pools are live on Pablo DeFi by Composable Finance.

First implementation of IBC standard outside of Cosmos

Composable Finance’s Centauri is the first implementation of the IBC standard to go live outside of the Cosmos scene. The team of Cosmos is excited by this accomplishment and the possible effects it can have on the cross-chain sphere of Web3 development as a whole. Centauri developers have invited crypto enthusiasts to stress-test the new bridge and share feedback about various strategies of its usage. More implementations of IBC instruments are already being explored by researchers, and the protocol might evolve into the go-to solution for omni-chain compatibility.

New opportunities for DeFi development

The launch of the Polkadot-Kusama bridge unlocks new opportunities for non-custodial exchange of crypto and “yield farming.” The non-custodial value transfer vehicle allows seamless and trustless movement of funds between two thriving blockchains, Kusama and Polkadot. With the KSM/DOT, PICA/DOT, and DOT/USDT liquidity pools now live on Pablo DeFi, users can take advantage of the new opportunities for DeFi development. The new product and app are in open beta, with a limit of 10,000 coins imposed for each asset.

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Godfrey Benjamin
Godfrey Benjamin
Godfrey Benjamin is an experienced crypto journalist whose primary goal is to educate everyone about the prospects of Web 3.0. His love for crypto was sparked during his time as a former banker when he recognized the clear advantages of decentralized money over traditional payments. Business Email: info@ethnews.com Phone: +49 160 92211628
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