Tendermint Acquires B-Harvest Team to Build a DEX for the Cosmos Hub
Today, Tendermint is happy to announce that we have acquired B-Harvest, as a part of Tendermint’s continued efforts to build valuable services for the Cosmos Hub. B-Harvest has been focused on building the Gravity DEX, an interchain token exchange secured by the ATOM token. This marketplace establishes the Cosmos Hub as the heart of the interchain, as it enables the trading of tokens from any connected chain, including tokens from Cosmos-powered networks, Ethereum, and Bitcoin. B-Harvest is one of the oldest Cosmos contributors in the ecosystem and we are excited to bring them on-board. Tendermint first partnered with B-Harvest in October to start developing this Gravity DEX.
Said Jin Kwon from Tendermint about the acquisition, “We are ecstatic to add the B-Harvest team to Tendermint. With this newly aligned incentive, B-Harvest team will continue to focus on building, deploying, and improving the Gravity DEX while also adding other valuable features to the Cosmos Hub. We are lucky to have a world-class team like B-Harvest contribute to the Cosmos ecosystem.”
The intention of a liquidity module like Gravity DEX is for it to one day sit on the Cosmos Hub as an interchain bridge between network activity for the Cosmos network and beyond. B-Harvest provides validation services for multiple dPoS networks and is actively engaged in decentralized governance, further supporting the jumpstart of DeFi applications and interoperability across chains in a post-Stargate world. B-Harvest’s validation services business will continue to operate as a separate entity.
Said Hyung from B-Harvest about the acquisition, “We are very excited to participate in the Tendermint team to contribute our expertise and technology on financial utilities and Cosmos-SDK for constructing valuable features on Cosmos Hub and beyond. The investment from Tendermint will strongly bond the relationship with B-Harvest and Tendermint to allow sustainable collaboration for achieving long-term vision of Cosmos Network.”
Last week, Tendermint announced a $20M fund through which we will invest in valuable projects including Regen, Terra, IRIS, Tgrade, and others who are building with Cosmos and driving the expansion of the Cosmos ecosystem. The Cosmos ecosystem is made up of 200+ blockchains with a shared market cap of $80 billion. Tendermint Ventures will plant the seeds for the next 200 application-specific blockchains to join Cosmos’ decentralized network of independent, scalable, and interoperable chains. The acquisition of B-Harvest further signals the interoperability of the Cosmos ecosystem, and we look forward to Gravity DEX’s future launch.
About B-Harvest
B-Harvest is one of the earliest contributors to the Cosmos Network. While running a top 20 validator for the Cosmos network, the development team has a range of specialities including cryptography, algorithmic trading, privacy technology, and scalable node infrastructure. As an industry leader, the team provides guidance around proposals and upgrades to the hub as well as ideas on ways to bring more usable infrastructure into the ecosystem such as Zk roll-ups, and Wasm based smart contracts.
About Tendermint Team
The Tendermint team is a studio of developers, project managers, and researchers who act as stewards of the Cosmos network. Founded by the creator of Tendermint consensus, the protocol that powers all things Cosmos network related, the team is dedicated to supporting the development of tools and products to further enhance the internet of blockchains as it relates to DeFi.
