Sei Partnership. Part 2.
Hello everybody! In last article we reviewed the partnerships with Axelar, Kyve and Multichain. Today we have a couple of other interesting Sei partners.
Leap is a non-custodial super wallet for Cosmos chains that gives users easy access to dApps, steaking, DeFi, NFTs, socials and more from one easy-to-use browser plugin (and mobile apps that are coming soon). This means you can send, swap, bid and vote for management offers in the easiest and most secure way possible. You can also connect your Ledger to Leap for extra security. Set up and see the power of the super wallet on Cosmos.
What does this partnership give you?
This partnership will integrate Leap wallet into the Sei ecosystem, giving users more flexibility in managing their assets and interacting with protocols and dapps built on Sei. this integration will greatly simplify the wallet creation process for new Sei users. Users will no longer have to manually add wallet extensions to interact with a Sei chain, instead users will simply select Sei from a list of available Leap chains. Leap will deploy its wallet on the Seinami Incentivized Testnet, providing participants with a new tool to perform testnet tasks and help secure the network. This integration aims to simplify asset management on Sei and in Cosmos.
White Whale will provide the appropriate infrastructure so that everyone can participate in arbitrage, liquidation and market making. Cosmos users benefit from stable and efficient markets that are more reliable than if multiple entities controlled the system. The White Whale infrastructure is an ally of DEXes because it increases price stability between blockchains and directs bot traffic to DEXes, which increases volume and liquidity.
What problems will this partnership solve?
Market inefficiencies. The fragmentation of available liquidity leads to small pools with high spreads when exchanging large amounts; in the worst case, inability to execute due to lack of liquidity. Widespread implementation of an interchain future requires stable, reliable swaps on each component of the chain.
Capital inefficiencies. Each arbitrage and liquidator will need equity on each application chain in order to deal effectively with local dex or liquidate borrowers. When there is no arbitrage or liquidation, capital is idle and does not generate income.
Centralised market making. There is a large asymmetry of information in cryptocurrency, making arbitrage and liquidation profits exclusively for top developers.
White Whale's mission is to empower private users and redistribute market power from centralised organisations to communities of individuals. This coincides with Sei's broader mission to help DeFi grow and scale through widespread adoption.
Skip Protocol is building ecosystem-based MEV products on Cosmos.
It reinforces the effects of 'good MEV' (arbitrage and liquidation) and reduces the effects of 'bad MEV' (sandwiching and frontrunning), distributing rewards to those who deserve it most: validators and their stackers. The project will provide mechanisms to capture MEVs on Sei.
What is the benefit of this partnership?
Sei users and validators will receive passive rewards in the form of MEV returns, which can be used to fund community pools, pay or grant gas fees, rate increases or in the form of outright rebates.
Skip will also provide frontrunning protection and pass-through privacy for Sei users who send transactions through its relay. This benefits arbitrage traders and traders with proprietary strategies.
And you friends, don't forget to subscribe to the main social networks of the Sei project
Twitter: https://twitter.com/SeiNetwork
Discord:https://discord.gg/BYX4t7NR
Website:https://www.seinetwork.io/