Not clickbait! Squid will revolutionize DeFi, bi-directional trade from EVM to Cosmos in 20 seconds
Interchain.FM
English - September 04, 2023 13:00 - 17 minutes - 17.3 MB - ★★★★★ - 9 ratingsTechnology blockchain tech blockchains defi coin cryptocurrencies coins crypto dex technology decentralization Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
✨About Squid Router ✨
Squid router can be thought of as a bridge and DEX aggregator in one. It uses Axelar under the hood. Axelar is one of the most popular bridging options when you want to bridge between the EVM and IBC ecosystems. If you haven't watched it already, I did two interviews with Sergey, the co-founder of Axelar, so be sure to check those out. Squid does the manual labor of performing each and every hair-tearing step for you when you're migrating an Ethereum native stablecoin, like DAI for example, into the Cosmos ecosystem to trade on a DEX like Osmosis. For you to do this before Squid router, you had to bridge DAI over through Axelar, get it "wrapped" into Cosmos DAI, have it deposited into Osmosis, then perform the swap. Squid abstracts all those steps away. All you need to do is to make one transaction. Because Squid is cross-chain, that makes it the first successful cross-chain DEX aggregator there is.
This is one of the most under-the-radar groundbreaking achievement in DeFi—and with low latency like 20 seconds to finality to boot! A must watch! If you don't watch any other part of the episode, I highly recommend skipping to the Demo segment.
Guest: Fig
🔗 Useful Links 🔗
► Website: https://www.squidrouter.com/
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