Sei is the top project of the next bullrun!
Part 2
Good day.
today I want to share my opinion about sei, his home - cosmos, and what's next for us. I will not drag out the introduction much, since it does not carry an informative load, all the most interesting is ahead! enjoy reading.
1. Getting to know cosmos, why it's the next bullrun's top ecosystem.
2. Let's talk about Sei and their new collaborations.
What is it for people newcomers to the wonderful world of cryptocurrencies. What is it and what can we expect from it.
If you are just starting your journey in the world of cryptocurrencies, this example will be clear for you to understand. let's imagine that Cosmos is a big mall. What do we see when we go to the mall near our house? Many establishments, shops, boutiques and much more. What will we see if we discard the daily world and move into the digital one? We will see that on the basis of cosmos there are a huge number of projects (points in shopping centers providing their services) whose total capitalization is estimated at the time of writing at 66.3 billion dollars.
Guys who have been in the crypto world for more than a day will say that these are pennies compared to the well-known ETH and BTC. In my defense, I will say that ETH and BTC appeared long before the advent of Cosmos, in other words - Cosmos has not yet been fully explored! ;)
Let's go back to our example and imagine that when you enter the Cosmos shopping center you will see a huge number of places where we can spend time earning money by managing our capital. let's not forget that there are promising shopping malls like near, polkadot, etc., but the important thing is that it is easier for entrepreneurs to get their place in Cosmos than in the above analogues and this is a big factor in the success of the entire ecosystem, not to mention technical advantages of Cosmos.
I will also share my opinion that it is worth following this ecosystem and waiting for a project on it that will bring a large number of people.
something like this: Solana - StepN, Near - SweatCoin, etc. (purely my personal opinion (DYOR).
Right now the market is dominated by bears, and a bear market is the best time to build something big and cool, which is what the Sei team is doing.
In the first part of the article, we began to understand what sei is and why this project has a great future - link to the first part.
In the same article, I want to touch on the collaboration between Sei and other promising projects.
I took the material for my opinion both from open sources and from the guys who work as ambassadors in the Sei project, I will leave links to their social networks at the end of this article.
Sei, the fastest layer 1 optimized for DeFi, has partnered with Axelar to enable messaging between the DeFi on Cosmos and EVM chains. Axelar is a leading cross-network infrastructure provider and this partnership will open up new possibilities for connectivity, messaging and execution across chains, programming languages and virtual machines.
What does this cooperation give?
1.1 Cross-network messaging between IBC and EVM chains.
Through this partnership, cross-chain communications go beyond packaging and locking assets. instead, the Axelar framework can allow a protocol on the EVM chain (such as Avalanche) to use smart contract functionality and logic from Sei and vice versa. Cross-chain messaging opens up new use cases and opportunities such as multi-chain liquidity pools, cross-chain lending, cross-chain exchange and cross-chain arbitrage.
1.2 Cross-chain repositories for structured product protocols.
Cross-Jhain Vaults will allow users to contribute assets to vault protocols and access unique strategies across any axelar partner network. this will allow ethereum wallets to use new Sei derivatives trading strategies without the hassle of pooling their holdings or creating new crypto wallets. users will have a simple one-click experience, interacting with any and all chains in Web3, effectively and safely abstracting from all the complexities.
This partnership will enable sei-based dapps to securely query the prices and market conditions of various cross-chain assets and asset classes. This means that synthetics on Sei will not be limited to IBC assets, but can cover all Web2 and Web3. The ability to mint and maintain pegging to these new synthetic assets will greatly democratize the trading of all cryptocurrencies.
Axelar provides secure internetworking for Web3. The framework allows dApp users to interact with any asset or application on any chainwith a single click. Axelar is similar to stripe for Web3. Axelar is supported by Binance, Coinbase Ventures, Dragonfly Capital and Polychain Capital. Axelar integrated with Ethereum, Avalanche, Cosmos and Polkadot ecosystems.
Sei, the fastest DeFi layer 1 and fastest chain to complete, has partnered with KYVE, a decentralized data lake solution that allows anyone to download and or access validated and persistent data in an orderly manner.
What will this partnership bring?
KYVE will validate and store public data from the Sei blockchain. this partnership allows Sei to have a scalable data lake that securely and efficiently queries and accesses raw data, making it available on demand. for example, at full capacity, Solana is expected to produce the equivalent of 4 petabytes of data per year. relying on centralized solutions is not an option for sei; we are fully committed to decentralizing every corner of the stack, and KYVE will help us achieve this goal.
Immutability is often associated with blockchain, and to further secure this aspect, kyve validators provide critical data validity. since the data is coming from Sei to KYVE and arweave, Sei must be 100% sure that the data is valid and available. Therefore, Sei considers KYVE and Arweave to be complementary: while KYVE provides robust data validity, arweave, in contrast, focuses on data availability (reproducibility). This solution ensures that the data has not been tampered with.
The data collected by Kyve will be stored on Arweave, which is a new type of storage that provides persistent and eternal data storage, allowing users and developers to store data. to further describe the accessibility achieved, Pn top of the core arweave protocol is permaweb, which is a global, persistent network of pages and applications that live forever. data flowing through KYVE's data lake is also readily available, allowing developers to access it either directly through arweave or through KYVE's own indexing solution, WARP.
KYVE, a Web3 data lake solution, is a protocol that allows data providers to standardize, validate, and permanently store blockchain data streams. Using persistent storage solutions such as Arweave, the KYVE Cosmos SDK chain creates persistent backups and ensures that these resources are scalable, immutable and available over time.
Sei, the fastest DeFi Layer 1 and fastest chain to the final, has partnered with white whale to provide tools and infrastructure for on-chain arbitrage. white whale aims to defragment liquidity in Cosmos by creating cross-chain liquidity pools to encourage arbitrage with local DEXes such as Vortex on Sei. White Whale liquidity pools will function as bot-centric AMMs, allowing their open source trading bots to arbitrage with local.
White Whale's mission is to empower retail users and redistribute market power from centralized organizations to retail communities. This aligns with Sei's broader mission to help DeFi grow and scale through widespread adoption.
What will this partnership solve?
3.1 Market Inefficiency - Fragmented Liquidity, Price Disparities.
Fragmentation of available liquidity leads to the formation of small pools with high spreads when exchanging large amounts; In the worst case, to the impossibility of execution due to lack of liquidity. Widespread adoption of the cross-chain future requires stable, reliable swaps on every component chain.
3.2 Capital inefficiency - untapped arbitrage and liquidation capita.
Leach arbitrageur and liquidator will need equity capital on each application chain to effectively arb local dex or liquidate borrowers. When there is no arbitrage or liquidation, the capital is idle and does not generate income.
3.3 centralized market formation - barriers to capital, barriers to knowledge, trust.
There is a large information asymmetry in cryptocurrencies, which makes profiting from arbitrage and liquidation exclusively for top developers.
White Whale will provide the appropriate infrastructure so that everyone can participate in arbitrage, liquidation and market creation. Cosmos users benefit from stable and efficient markets that are more reliable than if a few entities controlled the system. White whale infrastructure is an ally of DEXes, increasing price stability between blockchains and directing bot traffic to DEXes, which increases volume and liquidity.
White Whale will provide the appropriate infrastructure so that everyone can participate in arbitrage, liquidation and market creation. Cosmos users benefit from stable and efficient markets that are more reliable than if a few entities controlled the system. White whale infrastructure is an ally of DEXes, increasing price stability between blockchains and directing bot traffic to DEXes, which increases volume and liquidity.
I want to remind you that in this article I express my opinion, if it does not coincide with yours, I am open to dialogue. there is not enough project for the Cosmos ecosystem that will bring people, what if this project is Sei?
Of course, we will not omit that for "Alpha" - some kind of p2e or m2e is better (play move to earn). But how things are now with these directions, I would advise you to read the post from the IDO Research channel:
Sei is a technological, modern, young project, which is built on the basis of a strong fundamental project cosmos, sounds very powerful!
Thank you for your attention, everyone.
Author (whyblue): TG / Twitter / Discord - whyblue♒#7022
Co-author (me): TG / Twitter / Discord - KIRST|SEI| ♒#4958
Translated: ME