The Interchain Foundation announced on April 29, 2025, its investment in Stride, a liquid staking protocol, to develop an IBC-native decentralized exchange (DEX) on the Cosmos Hub.

This initiative emphasizes Cosmos’s push for multichain DeFi advancement, potentially expanding its asset and liquidity landscape. The market has initially reacted with increased user interest on the Cosmos Hub.

Stride to Build IBC-native DEX with Interchain Support

The Interchain Foundation has supported Stride’s latest initiative to build an IBC-native DEX, marking a strategic move in the Cosmos ecosystem‘s development. This development is part of a broader effort to boost interchain compatibility.

The investment in Stride will enable the creation of Stride Swap, a DEX aimed at leveraging IBC Eureka for enhanced DeFi operations. This aligns with Cosmos’s ongoing efforts to become a multichain DeFi hub.

Cosmos Community Anticipates Boost in Liquidity

The announcement has garnered interest within the Cosmos community, with expectations of increased liquidity and asset availability on the platform. However, specific financial details remain undisclosed at this time.

Meanwhile, the introduction of such technology could lead to significant advancements in multichain transactions, fostering a more inclusive and interconnected cryptocurrency ecosystem. The market anticipates growth in liquidity and staking due to this collaboration. As Interchain Foundation noted, “Stride will build a DEX, deployed on the Cosmos Hub, that will act as the foundation for the expansion of IBC Eureka and multichain DeFi in Cosmos.”

Stride Follows Osmosis in Liquidity Strategy

Previous integrations within Cosmos, such as Osmosis’s DEX, have resulted in notable liquidity increases. Stride’s similar move may stimulate the Cosmos ecosystem, enhancing its user engagement and financial prospects.

Experts from Kanalcoin suggest that innovations like Stride’s will continue moving DeFi towards a truly decentralized multichain model. Such developments are likely to enhance asset utilization and appeal within and beyond the Cosmos network.

Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing.

The post Interchain Foundation Supports Stride’s Cosmos-based DEX Launch appeared first on Kanalcoin.

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Filed under: News - @ April 29, 2025 1:29 pm