Osmosis, the popular decentralized exchange (DEX), has announced the launch of Polaris, a "token portal" aimed at solving one of decentralized finance's biggest challenges: fragmented user experience.
According to the team, the platform will allow users to trade tokens across multiple blockchains through a single interface, eliminating the need for multiple wallets, bridges, and gas tokens.
Polaris marks a strategy shift for Osmosis, one of the flagship networks in the Cosmos ecosystem's web of interconnected blockchains, as it will work equally well for non-Cosmos chains like Ethereum and Solana.
The team believes that trying to aggregate everything into a single liquidity venue is not viable, and Polaris will take a new approach to dealing with liquidity, which is often fragmented across different DeFi platforms.
The UX of DeFi today is extremely fragmented as everything is architected in a very chain-centric way, and Polaris aims to address this issue by providing a unified trading experience across multiple blockchains.
Osmosis co-founder Sunny Aggarwal stated that the "Great Chain Divide" in DeFi has resulted in fragmented liquidity and suboptimal user experience, and Polaris is a solution to this problem.
Polaris will allow users to trade tokens across multiple blockchains through a single interface, eliminating the need for multiple wallets, bridges, and gas tokens, making the DeFi experience more seamless and user-friendly.
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