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Cosmostation

DeFi in the Palm of Your Hand — Cosmostation Mobile

Introduction of DeFi functions on Cosmostation mobile: Osmosis and SifChain as examples

We’re living in a generation of decentralized finance(DeFi) and lightning-speed mobile phones, however it seems like the majority of DeFi functions are still quite limited only for PC. As mobile phones evolve day by day, we need DeFi in the palms of our hands, so that we can keep earning wherever we go, anytime we want. In this article, we are going to introduce our DeFi-optimized mobile wallet suitable for everyday-life DeFi actions: Cosmostation iOS & Android.

DeFi Game on Cosmostation Mobile

Cosmostation has always been a well-known go-to mobile wallet for Cosmonauts, covering the all-round basic features of Tendermint-based protocols such as staking, sending and participating in governance. In addition to that, Cosmostation is not just a wallet that provides fundamental features of PoS networks, but also is a station that offers a great UI for DeFi as well. Basically, Cosmostation is a whole package portal into the crypto world.

The DeFi markets in Cosmos have grown explosively both in user number and TVL along with the implementation of IBC(Inter-Blockchain Communication) throughout the Cosmos ecosystem. As many of you are already familiar with, Cosmostation is integrated with several app-specific DeFi networks such as: Osmosis, Kava Labs, Sif and Cosmos Network. On Cosmostation, there is a button that will take you to the DeFi platform on each network: DeFi Lab, Kava DeFi, SifChain Dex and Gravity Dex.

Cosmostation builds DEXs and DeFi interfaces as intuitive and handy as possible. Getting DeFi into mobile IS a tough work, since we have to stuff lots of complicated functions on PC into a much smaller screen. With a lot of sophisticated simplifications from users’ point of view, Cosmostation offers a seamless DeFi experience no matter if you’re a beginner or expert in crypto. Let’s look into some details:

SifChain Dex on Cosmostation

What is SifChain?

Sif is an omni-chain decentralized trading platform with beautiful Nordic mythical-themed design, currently in BetaNet phase. One of the unique features of SifChain is that there are about 50 tokens listed on the Dex, with a number of ERC-20 compatible tokens listed. That’s some solid work, Sif! Sif is frequently kicking off interesting events, so go check out their website & Dex to find out more about SifChain:

https://dex.sifchain.finance/#/swap

How to Use SifChain Dex

This article is not about how DeFi protocols are designed or where the rewards are coming from, so we’re gonna skip to the parts where you actually make the transactions. Let’s look at SifChain as an example. On Cosmostation SifChain wallet, click on SifChain Dex, press “Start Swap” if you want to trade your tokens for something else, go to Eth Pool or IBC Pool to provide your tokens and earn incentives. That’s it! There’s no need for a long, rambling explanation on this, it’s just that easy! Of course, for a better understanding, here are some details with screenshots:

The Swap feature allows users to simply swap different types of tokens directly instead of tiresome(and expensive, too) sell & buy & send processes with centralized exchanges as medium. Cosmostation offers Global Swap Rate as well to give users reference to compare. Another great thing about Sif Dex is that as long as you have some $ROWAN, Sif’s native token, you get tons of swap choices including $ETH, $USDT, $ATOM, $UNI and many more.

Swap, Eth Pool and IBC Pool on SifChain Dex

Unlike the Sif Dex web platform, Cosmostation separated pools into 2 categories for visual convenience & accessibility: Ethereum pools and IBC pools. You can provide liquidity into any of the existing pools to earn rewards, either ERC-20 token pools or Cosmos ecosystem token pools, or both. Go shop in Sif’s suite of asset pools & earn on your way out!

In summary, you can seamlessly swap or add your tokens onto Sif, provide liquidity and claim the token incentives, your call. All-in-one, Cosmostation.

Osmosis DeFi Zone

Osmosis is by far the most successful DeFi AMM in Cosmos history, with enormous TVL in the zone. Osmosis has a wonderful UI on website, and many Cosmonauts enjoy the sweet taste of $OSMO rewards from the liquidity pool. Check out Osmosis from these links:

https://app.osmosis.zone/

https://twitter.com/osmosiszone

On Cosmostation mobile, Osmosis’s DeFi Lab is not completely different from the SifChain Dex. There are Swap feature, Pool for browsing through the available pools and providing liquidity. When providing liquidity, you can choose 3 different options for unbonding time: 1, 7 and 14 days, each with higher APR according to the unbonding period. The “Earning” tab is showing current 14-days APR of each pools. Once you’re done with providing liquidity, you can just sit back and relax, claiming rewards every once in a while! That’s it, DeFi is made so much easier with Cosmostation.

Cosmostation Will Keep Buidling

SifChain and Osmosis are just 2 members of Cosmostation mobile DeFi club. Cosmostation also supports Gravity Dex and Kava DeFi, with much more complicated features and algorithms. In the future, there will be many more great DeFi projects in the ecosystem, and Cosmostation will be the gateway to people’s everyday DeFi market. Cosmostation will keep buidling to improve the user experience and contribute to the amazing community we have.

In the next article, we will be covering Kava Labs DeFi on Cosmostation mobile, since Kava has long been a pioneer in DeFi developing genius DeFi protocols.

Massive kudos to our mobile wallet dev team, and thank you, Stationers, for all the support!

Cosmostation Validator Node is a top tier, enterprise-level network-securing validator node for PoS(Proof of Stake) based blockchains. Stake with us to earn passive income with security.

Mintscan Block Explorer: a block explorer proudly represented to exchanges & everyday users, made with sophistication.

Cosmostation Mobile Wallet is a non-custodial application, chosen by the majority of users within the Tendermint ecosystem. Download your app from these links: iOS & Android

Cosmostation Web Wallet: web wallet with Ledger hardware wallet integration.

Keystation Extension: End-to-end encrypted key management system for networks built with Tendermint. Open source, no installation, no hardware required.

About Cosmostation

Cosmostation is an enterprise-level validator node infrastructure & end-user application provider based in Seoul, South Korea. Cosmostation runs validator nodes across several networks, specifically focused on networks built with PoS(Proof of Stake) consensus. Along with node operation, Cosmostation develops and maintains Mintscan Block Explorer and Cosmostation iOS, Android, Web Wallets to support in-depth features for modules specific to each network.

Website: https://www.cosmostation.io/
Github: https://github.com/cosmostation
Android Wallet: Android — Google Play Store
iOS Wallet: iOS — iTunes App Store
Block Explorer: https://www.mintscan.io/
Medium: https://medium.com/cosmostation/
Twitter: https://twitter.com/CosmostationVD
Telegram: https://t.me/cosmostation

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