Cosmos (ATOM) rallies after launching a cross-chain bridge and wrapped Bitcoin

[ad_1] Momentum for the top layer-one protocols has been on the rise throughout August as the highly anticipated rollout of the London hard fork on the Ethereum (ETH) network has done little to address the network’s high transaction fees and delayed confirmations.  One of the biggest beneficiaries of the quest to find a more welcoming smart contract environment has been Cosmos (ATOM), a project focused on interoperability that has set out to become the “internet of blockchains” thanks to its Inter-Blockchain Communication (IBC) protocol. Data from Cointelegraph Markets Pro and…

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Balancer’s new MetaStable Pools seek to facilitate wrapped asset swaps

[ad_1] AMM DeFi protocol Balancer announced Monday that it had partnered with DAO-based staking platform Lido to introduce a MetaStable Pool incentive program. MetaStable Pools are liquidity pools specifically designed to work with highly correlated (but not hard-pegged) tokens, like wrapped assets. Users will be able to create swaps between MetaStable pools and assets integrated with other liquidity pools, while benefiting from cheaper swap prices and eliminating the need for individual swap-specific stable pools. They will also prevent the dilution of liquidity from existing pools and increase maximum trade amounts,…

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