One of the projects to check out in the Cosmos ecosystem is COMDEX, a DeFi infrastructure layer for the Cosmos ecosystem, already building a platform to solve all the bleeding edges discovered in decentralized finance.
The just concluded legendary Cosmos Conference known as Cosmosverse ushered in an amazing update from project owners in which Comdex was never exempted in the mission. Siddarth Patil Co-founder at Comdex revealed information about projects, building on a Comdex chain like Harbor Protocol and its upcoming airdrop.
Let's Dive Into Harbor Protocol
In the discussion about Decentralized Finance, lending and borrowing are one of the solutions the layer 1 ecosystem focus on and the majority of them are built on ethereum with problems like low speed and high gas fee issue on the network, but Comdex is built on Cosmos SDK & an interoperable smart contract which solve the problem experiencing in the Ethereum blockchain.
Harbor Protocol is a decentralized application on Comdex chain that is set to enable safe listed assets to be locked in Vaults and mint $CMST (Stablecoin on Cosmos).
During Cosmosverse last month (September 2022), Siddarth Patil revealed what is expected as the protocol is under open testing for anyone who is interested and there is an airdrop coming for stakers on the Cosmos network. The eligibility gangs were mentioned in this tweet thread.
You can test the DApp and mint some $CMST stablecoin
On the other hand, is the order-book style interchange Decentralized exchange called cSwap. This is also built on the Comdex chain and will be a go-to platform for traders and arbitrageurs, enabling them to implement sophisticated trading strategies.
In August 2022, the testnet for cSwap was released and many have tested how user-friendly the DEX is, check this out and send in your own feedback to the team.
The market situation has really affected many projects in area of development but the Comdex team keeps building and ready to launch the new product on their chain anytime soon. As the time to launch the mainnet for cSwap and Harbor Protocol is drawing nearer, familiarizing yourself with the happening around the Comdex ecosystem is highly important so that you will miss the latest news within the camp.
Comdex Website
Comdex Twitter
Comdex Telegram
Harbor Twitter
cSwap Twitter
cSwap Telegram
