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Cosmos' Liquidity Issues Solved by Evmos, Swing, Tashi, and Wormhole Collaboration

Cosmos’ Liquidity Issues Solved by Evmos, Swing, Tashi, and Wormhole Collaboration

Tashi and Swing, along with other DeFi protocols, are collaborating to address liquidity issues in the Cosmos ecosystem. Wormhole, a cross-chain bridging protocol, plans to introduce five new bridged tokens on Evmos, including USDT, USDC, wETH, wBTC, and SOL. Swing will integrate these tokens into its protocol, allowing users to send them to Evmos from various networks. Tashi will also incorporate Swing into its user interface, enabling users to bridge and deposit the tokens as collateral. This will facilitate borrowing, swapping, and liquidity pool participation within the Cosmos DeFi space. The integration is awaiting approval from a Wormhole governance vote, which is expected to conclude on September 24. The collaboration aims to address the liquidity crisis in the Cosmos ecosystem and attract more users.

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