Evmos DeFi Vision

The DeFi ecosystem on Evmos is currently experiencing significant growth and collaboration. Several projects and incentives are contributing to this expansion. Let’s delve into the recent developments and their alignment with Evmos’ core roadmap.

Projects on the Horizon

Several projects have recently launched or are offering incentives on Evmos. Here’s a glimpse of the action:

1. Tashi Finance: Tashi Finance is now live on Evmos, supporting ATOM, EVMOS, and Kava native USDT. Surpassing a million dollar TVL already with BTC and ETH yet to be enabled, Tashi provides a transparent and secure platform for decentralized lending and borrowing. Users can supply their crypto assets as collateral, unlocking the potential of their holdings without needing to sell them. What’s more, users can earn rewards on their holdings, encouraging active participation in the platform.
2. Wormhole Bridge: The Wormhole Bridge will soon support Evmos, enabling the transfer of market-trusted assets like ETH, BTC, USDT, and USDC. This integration will be available on the Evmos dApp store.
3. Native USDC via Noble: Evmos will soon incorporate native USDC via the Noble protocol, further enhancing the range of assets available on the platform. The addition of one of the most used stablecoins is expected to bring new dimensions to the Evmos DeFi ecosystem.
4. nBTC from Nomic: Both Tashi and Forge are gearing up to welcome nBTC from Nomic , a bridge between Bitcoin and Cosmos.
5. Forge and Tashi Collaboration: native USDT has arrived on Evmos, offering both internal and external incentives in KAVA, EVMOS on Forge as well as TASHI for lending and borrow. This collaboration allows users from different ecosystems to quickly acquire native USDT. Let’s explore how below.

Acquiring Native USDT on Evmos

For Ethereum users, options include owning USDT on Ethereum, using bridges like Stargate or Squid, acquiring Kava to cover transaction fees, converting USDT into ibcUSDT for seamless cross-Cosmos transfers, and utilizing platforms like app.evmos.org or Kava transfers for USDT movements on Evmos.

Osmosis users can start with OSMO or other major assets on Osmosis and transition to Kava USDT on Evmos, followed by leveraging app.evmos.org or Kava transfers for USDT transfers. Similar options for yield strategies are available.

If you use Kava and hold axlUSDT on Kava EVM, you can go to Curve and swap axlUSDT to USDT in the axlUSDT/USDT pool. Make sure you hold enough KAVA token to cover the transaction fees. Then convert USDT to ibcUSDT using Kava transfers. Go to app.evmos.org or Kava transfers to move USDT on Evmos. Once you have USDT on Emvos you can explore various options for yield strategies on Revert, Steer or Tashi.

Lastly, Evmos users can obtain USDT by swapping assets on Forge and participate in yield strategies offered on different platforms. For example, they can deposit it into the USDT yield strategy on Revert or Steer. Alternatively, they can choose to deposit USDT on Tashi.

Meet the Collaborators

These DeFi initiatives aren’t happening in isolation. Evmos has teamed up with several partners to enhance the DeFi experience:

• Chaos Labs: Tashi’s partner, Chaos Labs, provides a comprehensive risk assessment and economic audit, offering a valuable perspective on the DeFi landscape.
• Pyth: Partnering with Tashi, Pyth is an oracle that disseminates financial market data across various blockchains, offering a wide range of market data from reputable sources.
• Notifi: Tashi’s partner, Notifi, is a comprehensive suite of blockchain tools tailored to provide notifications, real-time alerts, and support for growth marketing. This suite is intricately designed to offer a seamless Web3 experience, ensuring that users stay informed and engaged while navigating the decentralized landscape.
• Steer has launched Staking Reward Pools on Forge. This initiative is designed to further enhance liquidity and community participation in the Evmos ecosystem on Forge. Steer Protocol has initiated a 12-week community-funded incentive program, aimed at driving higher levels of liquidity and engagement within the network. This strategic move aligns with Evmos’ overarching goal of fostering a thriving and collaborative DeFi community. Don’t miss the opportunities on Forge offered by Steer.
• Revert offers a wealth of insightful data and analytics to help you effectively manage your LP positions. Additionally, they provide backtesting tools that let you assess your strategies using historical data and impressive automation features, such as one-sided liquidity provisioning through zap-like contracts, autocompounding capabilities, and the ability to readjust your position ranges when they slip into the inactive zone.

Impact and Alignment with Evmos Core Roadmap

These developments play a vital role in Evmos’ growth and align with the platform’s core roadmap. The Evmos core team actively supports collaboration within the Evmos community, fostering a strong ecosystem.

Altiplanic, Evmos’ core contributor team, aims to build a fairer financial system without constraints. The core team’s roadmap includes:

1. Evmos dApp Store: Developing a centralized hub for unified access to decentralized applications, simplifying the user experience and onboarding process.
2. Introduction of Native Assets: Integrating native assets from Cosmos to enrich usability and expand the range of available assets on Evmos.
3. Streamlining Bridging: Enhancing the bridging experience to facilitate the seamless movement of assets between different blockchains.
4. Implementation of Token Economics 2.0: Rolling out Token Economics 2.0 with a focus on reduced emission schedules and updated revenue mechanisms for a more sustainable and efficient ecosystem.

Altiplanic actively mediates the interests of DeFi enthusiasts, taking feedback to inform the platform’s roadmap. This two-way communication ensures that the core team and the community are in sync, making the platform more user-focused.

Evmos’ journey in the world of DeFi is one of collaboration, innovation, and community involvement. As we continue to expand and improve, Evmos is on the path to building a fairer, more accessible financial system for all. Stay tuned for more exciting updates and join Evmos on this exciting journey!

About Evmos

Evmos is an EVM-compatible, IBC-enabled blockchain in the Cosmos ecosystem designed for cross-chain dApp development.

The Evmos Core Development Team is on a mission to create and ship the foundational tools necessary for building the cross-chain applications of the future. With groundbreaking roadmap features like EVM Extensions, the Evmos SDK, and the Evmos dApp Store, Evmos gives developers the freedom to take advantage of the IBC and connect their smart contracts to the Cosmos Ecosystem.

This revolutionary technology frees developers from the confines of today’s siloed blockchains.

The future is cross-chain.

Helpful Resources

💻 Developer Documentation: https://docs.evmos.org

👾 Official Discord: https://discord.gg/evmos

🐙 GitHub: https://github.com/evmos/evmos

🕊 Twitter: https://twitter.com/EvmosOrg

📯 Telegram: @EvmosOrg

📄 Blog: https://blog.evmos.org

🖥 Evmos Website: https://evmos.org

🌋 Evmos Careers: https://boards.eu.greenhouse.io/evmos

Evmos is the EVM stack for building natively cross-chain decentralized applications.

We encourage you to read the Evmos Manifesto and learn more about our plans to build a cross-chain future.

DISCLAIMER: None of this is financial advice. This content is strictly for educational purposes. It’s not investment advice or a solicitation to buy or sell any assets.