Celestine Sloths, Alloyed Assets, And Hyperbitcoinization with Sunny Aggarwal

Our second episode with Sunny, co-founder of Osmosis about the state of the Cosmos Hub and modularity


ConnextBuild Web3 applications that can securely interact with users, tokens, and other applications on any chain – just like on the web. Learn more here.


 

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The evolution of the modular thesis doesn’t go without saying Osmosis and the Cosmos ecosystem.

Being the hub of liquidity for the modular ecosystem assets (TIA, DYM, OSMO), Osmosis plays an important role for the space.

In today’s interview with co-founder Sunny Aggarwal, we discuss the recent rise of Celestine Sloths and how features like the Skip API allows for seamless cross-chain transactions, enabling users to mint NFTs on Stargaze by swapping currencies through Osmosis in a single transaction.

This is a mega leap forward in interchain fluidity and for all of those who minted Sloths, you understand.

We then went onto discuss the Mad Scientists collection which has recently gained traction, (Sunny’s PFP) and how the tech behind this collection works.We discussed Backbone Labs and the plan to distribute a significant portion of protocol revenues to holders, and whether or not this “real yield” is bullish.

Shortly after, we discussed the proposal from Osmosis about alloyed assets.

Osmosis has introduced the concept of alloyed assets, which aggregrate various tokens into a unified asset pool to manage liquidity more effectively. This approach not only mitigates risks associated with individual bridge failures but also streamlines asset management across chains, thus simplifying the user experience significantly.

But, is it really the best solution? We asked Sunny about the risks associated, some edge cases, and really dug into some areas where we feel they may have fell short…

Sunny stepped up to the plate and addressed our concerns as always.

Finally, towards the end of the podcast we talked about the hyperbitcoinization of Cosmos with players like Babylon and others. Sunny is pretty excited about this and we talked in-depth about this new phenomenon of bringing BTC to Cosmos and other ecosystems.

We really enjoyed this conversation and hope you will too!

The Rollup


🙌 Together with:

ConnextBuild Web3 applications that can securely interact with users, tokens, and other applications on any chain – just like on the web. Learn more here.


 

Jumper Exchange A truly multi-chain exchange. Aggregating the best in the business for bridging, swapping, and onrampingLearn more here.


 

Cartesi is an application-specific rollup protocol with a Linux runtime. Scaling Computation. Transcending EVM Limitations. Learn more here.


 

Disclaimer: Please be aware that investing in cryptocurrency and DeFi platforms involves risks like technical glitches and human errors. We may receive commissions for featuring certain projects, which will be clearly noted. Our content is educational only and not financial advice; we are not licensed advisors.


 

 

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