Open channels with Composable Finance

7mos ago
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It's a good idea! I support it!
Polkadot<>COSMOS and Ethereum will bring a lot of liquidity and new users

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Yes we need more liquidity Hydration $WUD grow from more partnerships. This also benefits composable finance lets support it.

Edited

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To be honest, although composable has some hype about cosmos

If there is no interest or anything already planned in having liquidity here, it will simply be of no use. Will be a lot of iliquid isolated pools i guess 😅

Besides, this is a risk, it is a triple bridge, since you are using picasso (kusama parachain) to bridge towards composable (polkadot)

If there are fewer steps, the better.

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I don't see any problem here. We cannot put it in the Omnipool, but users can reate XYKs and all volume is good for HydraDX. We don't have anything to lose with protected XYK pools. We should be the one stop shop for all the Assets we can, especially if it has utility.

It would be dishonest to allow permissionless asset registry and not open channels to other parachains that want to swap their tokens on our platform.

I also tried to transfer some tokens from Polkadot <> Kusama through picasso and it works pretty well.

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Everything mentioned currently runs on Picasso atop Kusama. As far as I know, the team plans to use the Composable Finance parachain differently. Perhaps we should wait for them to go live. Am I missing anything?

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