Announcing Our Strategic Partnership with Picasso
We are proud to announce our strategic partnership with Picasso today.
In our mission to unify ecosystems and create universal liquidity on Elys Network, partnering with Picasso was an essential step.
What Does This Partnership Entail?
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Cross-Ecosystem Accessibility: Picasso’s IBC bridge between Solana and Cosmos makes it possible to trade native SOL tokens seamlessly on Elys Network. This integration opens up access not only to native SOL but also to all tokens within the Solana ecosystem, creating a frictionless bridge to fulfill our vision of Native BTC trading for Native SOL on Elys Network
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Solana Liquid Staking Tokens (LST): With Picasso, we will integrate SOL liquid staking directly into our WebApp. This means users can liquid stake their Cosmos assets via Stride, their BTC via Lorenzo, and their SOL via Picasso, all through Elys Network.
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Unified Liquidity: Liquidity will be accessible across all blockchains through chain abstraction, allowing anyone to trade SOL for any token easily.
What Does This Mean for Elys Network?
With this partnership, Elys Network will integrate SOL directly into our WebApp for:
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Depositing and withdrawing SOL via IBC.
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Creating a SOL/USDC liquidity pool.
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Enabling SOL staking for use in leverage LP or lending.
Additionally:
- Picasso will enable us to transfer our ELYS token into the Solana ecosystem using Picasso's IBCFT on a later stage. This expands our development into the Solana ecosystem as well.
Our goal, now more than ever, is to offer both new and seasoned traders a diverse suite of DeFi tools through a user-friendly interface that mirrors a centralized exchange while providing all the benefits of a DEX.
Conclusion
Partnerships like the one with Picasso are crucial for delivering the ultimate user experience. By leveraging these collaborations, we aim to de-fragment the web3 space and connect diverse ecosystems through innovative tools and seamless integration.
Together, let’s bridge the gaps in web3 and create a Unified, Universal & Seamless DeFi experience for Everyone, Everywhere.