Onomy’s Product Suite Is Coming to IOTA’s Shimmer
We are excited to announce that we are gearing up to bring Onomy’s hybrid DEX, bridges, and stablecoins to Shimmer Network, and with it, to the wider IOTA ecosystem, further connecting distant stars within the on-chain multiverse.
Onomy will be deploying its hybrid DEX (a novel merge between AMM liquidity pools and an orderbook engine), onto Shimmer. This unlocks additional cross-chain capabilities and enables the wider IOTA community to place market, limit, stop, and conditional orders, at zero fees.
Our collective development efforts will also go towards building a bi-directional bridge between Shimmer’s EVM chain and the Onomy Network, facilitating simpler value flows between ecosystems.
In the future, Onomy’s stablecoin economy will be integrated into ecosystem projects building on Shimmer.
As a DAG-based ledger, Shimmer enables feeless transactions, while being highly composable and scalable. Together, we will unlock novel opportunities for Web3’s shared growth.
By being part of the Touchpoint Open Builders Program, Onomy is joining a passionate community of builders across all verticals, with access to tailored support and ecosystem-wide partnerships.
About Onomy
Onomy Protocol is a layer-1 Cosmos chain powering a multi-chain & intuitive DEX that combines AMM liquidity pools with an order book UI facilitating market, limit, and stop orders, alongside FX markets via its stablecoin minting system, and cross-chain asset management through Onomy’s non-custodial DeFi access wallet.
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About Shimmer
Shimmer is a feeless, parallelized DAG ledger to secure and create fully customizable smart contract chains. Launched as a staging network to battle-test all future innovations for the IOTA protocol, its tokenization framework guarantees full interoperability, composability and feeless value transfers between smart contract chains, transforming Shimmer into a scalable, multi-chain network.
