OSMOSIS founder imagined that cosmos as the application layer of Bitcoin in DEFI

Author: nate whitehill, cryptoslate;

In the recent Slatecast show, Akiba and Nate ushered in the OSMOSIS founder Sunny Aggarwal. They discussed the rise of the COSMOS ecosystem, the rise of super Bitcoin, and the future of DEFI.

The role of ultra -Bitcoin and COSMOS

Sunny expressed his long -term vision of building an application layer for Bitcoin. This goal has inspired him to participate in cosmos from the beginning.He explained:

“Seven years ago, that is, in 2017, I thought we were built for Bitcoin. What is helpful for Bitcoin? So I started studying COSMOS because this is how we build an application layer for Bitcoin.”

The introduction of Ordinals and other development in the Bitcoin ecosystem re -ignited the “Bitcoin Season 2” or “Bitcoin Revival”, providing COSMOS with an opportunity to play an important role in the super Bitcoinization movement.

Alloy asset: solve the problem of liquidity fragmentation

One of the key topics of discussion is the concept of “alloy assets”. This is a solution designed to solve the fragmentation of liquidity fragmentation between different blockchain ecosystems.Sunny explains the basic principles behind this innovation method:

“About one or two years ago, OSMOSIS used governance, and DAO basically voted to make Axlar ETH a standardized ETH on OSMOSIS. The problem is that in the past two years, one or more bridges have appeared, such as Wormhole.And more activities in the Ethereum ecosystem also turned to L2.

Alloy assets allow users to deposit and withdraw token from various source chains (such as Ethereum L2), while maintaining interchangeability and improving user experience.

Community participation and DEFI innovation

Sunny emphasizes the importance of community participation in the success of OSMOSIS, and said that the team conducts a customer survey once a quarter to collect feedback and formulate the development roadmap for projects.He emphasized the necessity of continuous innovation in the DEFI field and listed the potential of social elements and DEFI:

“Especially with the rise of social networking, when you combine social and DEFI, some really interesting things will appear. One of the things I have always paid attention to is DEFI, and today’s cryptocurrency is largely based on this.The design of the world model, we live in a system that does not need to be trusted, but in fact I don’t think this is actually the real state of the world. “

State -oriented and decentralized balance

When it comes to the dispute between centralization and decentralization, Sunny expressed concerns about the transformation of the centralized execution in the Ethereum L2 ecosystem. He pointed out:

“The problem is that decentralization brings you more than just safe. You know, in the blockchain, you are looking for a bunch of different property, right? You are looking for security, which means, Will the system keep online?

He advocates network security and uses cross -network economic incentives to enhance security and effectiveness without affecting decentralization.

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