We unveiled Solana IBC during the Solana Hacker House event in Dubai. If you weren’t able to catch the announcement, you can find it here to learn more about Solana IBC and its role as the first AVS on Picasso’s restaking hub on Solana. Building on this momentum, we are thrilled to announce that Solana IBC transfers are now live on app.picasso.network and $PICA is natively available as an SPL token on Solana.
For those interested in the technical details and information regarding Solana IBC, our documentation is available here.
Solana IBC Transfers are Live
Solana IBC transfers are now live for users on app.picasso.network. This marks the first and only trust-minimized connection of Solana with Cosmos, Ethereum, and Polkadot. We are excited to begin unveiling the collaborations and cross-pollination strategies between these ecosystems as we continue to drive towards a chain-agnostic future for users.
$PICA is live on Solana
$PICA has officially made its native debut on Solana. The first PICA token pool is now live on Orca. Our team is seeding initial liquidity for the $PICA / $SOL pool and will be supplementing the pool over the coming week.
🚨The only official PICA token contract address on Solana is: https://solscan.io/token/966vsqwoS3ZBrHesTyAvE7esFV2kaHaDFLLXs4asPdLJ
The following list(s) showcase the assets from the Solana, Ethereum, and Cosmos ecosystems that have been added to our mantis.app user-interface:
Solana Assets
The following Solana assets are now supported for IBC transfers on mantis.app:
- SOL
- wSOL
- mSOL
- jitoSOL
- bSOL
- LST
- edgeSOL
- hSOL
- jupSOL
- WIF
- BONK
- USDT (Solana)
Ethereum Assets
As previously mentioned in our Ethereum IBC blog:
- ETH
- USDT
- DAI
- CRV
- wBTC
- rETH
- crvUSD
- FRAX
- FXS
- frxETH
- sfrxETH
- sFRAX
- pxETH
- PEPE
- eETH
- USDe
- ENA
Cosmos Assets
As previously mentioned in our Ethereum IBC blog:
- PICA
- OSMO
- ATOM
- stATOM
- IST
- SEI
- stTIA
- KUJI
- SHD
- SILK
- SCRT
- STARS
- STRD
- BLD
💡 If you’d like to see your assets or networks on the Picasso App, please get in touch with us to facilitate this UI support.
AVS Onboarding
The launch of Solana IBC marked the first instance of an AVS on Picasso’s restaking hub. With restaking and IBC live on Solana, additional AVSes can soon begin onboarding to benefit from the value and security of Picasso’s restaking hub.
Explore the potential of multi-asset and multi-ecosystem restaking. Don’t hesitate to reach out to our team on Discord if you are an AVS interested in learning more about the benefits of operating within our ecosystem.
Notes & Conclusion
Solana IBC transfers are now operational on app.picasso.network, marking a significant step forward in our mission to bring IBC everywhere. Solana is now trustlessly connected with Cosmos, Ethereum, and Polkadot setting the stage for enhanced asset versatility and cross-pollination of ecosystems. Additionally, restaking is live on Solana and we invite AVSes interested in leveraging this new security and connectivity hub to explore onboarding opportunities.
It is important to note the following fees / transaction costs:
- For the first week there will be no Fees for transactions to Solana.
- For transactions from Solana, we implement a charge of $10 in SOL.
- Following the first week: For transactions to Solana $10 will be taken in fees in the token that is being transferred.
