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Duality, the native DEX on Cosmos Hub
DeFi is booming on Cosmos, Duality is emerging as a game-changer DEX.
DeFi is booming on Cosmos, @dualityxyz is emerging as a game-changer DEX.
Set to integrate with the ATOM Zone on the Cosmos Hub, it brings a novel user-aligned DEX that reduces liquidity fragmentation. Let's dive into DUALITY!
A proposal was drafted on the Cosmos Forum, aiming to align the deployment of Duality completely with the @cosmoshub.
The goal is to grow the activity & users of the interchain with a public good for the Cosmos Hub with REAL value & community alignment.
Duality's vision is to build efficient and incentive-aligned markets that realize the original vision of DeFi – open and fair finance without middlemen.
They also aim to create a protocol that never sacrifices community, security, or decentralized decision-making.
Features include:
Custom logic for transaction inclusion & ordering
Reduced block time improving UX
Modifications to fee markets reducing network congestion
To ensure the success and security of the Cosmos Hub, Duality proposes Replicated Security, which combines app-specific customization with the proven security of the Cosmos Hub. This approach ensures that Duality provides value back to the Cosmos Hub.
What does Replicated Security chains give back to the Cosmos Hub?
Duality will launch without its own token, ensuring that 100% of gas fees and MEV revenues flow back to $ATOM validators and delegators. LPers will receive 100% of swap fees!
Governance will be performed solely through ATOM, further incentivizing participation and alignment.
To bootstrap Duality & make the ATOM Zone the center of economic activity in the interchain, a liquidity injection proposal for 500k ATOM will be raised for a separate vote.
The Cosmos Hub will own this liquidity and benefit from any value it accrues.
Deep liquidity & a smooth user experience will be essential for user retention and overall growth in the Cosmos ecosystem.
These are some of the reasons duality has gotten a lot of attention.
Duality's value extends beyond the Cosmos Hub. By integrating with Squid's cross-chain trade router and supporting liquid staking tokens (LSTs), Duality aims to tap into liquidity that maximizes the growth of the interchain.
Liquid staking tokens will shift the way people interact with their tokens within the interchain, and Duality plans to improve all liquid staking activities.
Their focus is on optimizing interchain user experience includes custom IBC middleware, facilitating cross-chain swaps via swap-and-forward. Duality will also launch @axelarcore's middleware to unlock cross-chain interactions with other L1s, such as @Ethereum.
These efforts position the Cosmos Hub as a key trading hub at the crossroads of decentralized communities.
Duality's revenue model ensures that the Cosmos Hub benefits from all value created including gas fees and MEV which flow back to the Hub!
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