Landslide Partners with Picasso to Unlock Cross-Chain Trading for DOT, SOL, ETH, and more
Landslide Partners with Picasso to Unlock Cross-Chain Trading for DOT, SOL, ETH, and more
Landslide, a decentralized margin trading platform, has announced a groundbreaking partnership with Picasso (Composable Foundation), the pioneer of interoperable DeFi solutions. This collaboration will enable Landslide users to seamlessly trade DOT, SOL, ETH, and AVAX across multiple blockchain ecosystems, including the highly anticipated connection of Avalanche to the rest of the IBC-enabled chains using Picasso Network.
Bridging Avalanche to the IBC Ecosystem
One of the key highlights of this partnership is the integration of Avalanche into the IBC ecosystem through Picasso Network. By leveraging Picasso's expertise in cross-chain communication and infrastructure, Landslide users will soon be able to trade AVAX and other Avalanche-based assets seamlessly across IBC-enabled chains. This integration opens up new opportunities for liquidity, enabling users to access a wider range of trading pairs and tap into the thriving DeFi ecosystem on Avalanche.
Empowering Traders with Trust-Minimized Interoperability
The partnership between Landslide and Picasso (Composable Foundation) represents a significant step forward in the realm of decentralized finance. By leveraging Picasso's expertise in trust-minimized interoperability and cross-chain execution, Landslide aims to provide its users with unparalleled access to a wide range of digital assets.
Unlocking New Possibilities for Landslide Users
Through this collaboration, Landslide users will enjoy several key benefits:
Seamless Cross-Chain Trading
Users can effortlessly trade DOT, SOL, and ETH across multiple blockchain networks, eliminating the need for complex multi-step processes.
The integration of Picasso’s infrastructure with Landslide enables users to perform cross-chain trades without the traditional hurdles associated with such transactions. Typically, cross-chain trading involves multiple steps, including using intermediary tokens and navigating different interfaces. With Picasso's technology, these steps are streamlined into a single, user-friendly process. This is achieved through advanced protocols like the Inter-Blockchain Communication (IBC) protocol, which facilitates seamless asset transfers and interactions between different blockchain networks.
Enhanced Security
Picasso’s Inter-Blockchain Communication Protocol (IBC) ensures secure and trust-minimized asset transfers, mitigating the risks associated with centralized bridges.
Security is a critical concern in cross-chain transactions, especially given the vulnerabilities of centralized bridges, which have historically been targets for hacks and exploits. Picasso’s use of the IBC protocol addresses these security issues by providing a trust-minimized framework for asset transfers. The IBC protocol relies on cryptographic proofs and light clients to verify transactions, ensuring that assets are transferred securely without the need for a trusted third party. This reduces the risk of fraud and enhances the overall security of cross-chain operations.
Increased Liquidity
By connecting to Picasso’s extensive network of 20+ connected chains, Landslide users will have access to deeper liquidity pools, enabling more efficient trading.
Liquidity is a crucial factor for efficient trading, as it affects the ease with which assets can be bought or sold without causing significant price changes. Picasso’s network, which includes over 20 connected chains, provides access to a vast pool of liquidity. This interconnected ecosystem allows assets to move freely across different chains, thereby increasing the overall liquidity available for trading. Enhanced liquidity leads to tighter spreads, reduced slippage, and more stable markets, benefiting traders by providing better price discovery and execution.
Simplified User Experience
The Composable Foundation, where Picasso Network calls home, will soon launch MANTIS (Multichain Agnostic Normalized Trust-Minimized Intent Settlement) Network. MANTIS Network abstracts cross-chain complexities, providing a seamless trading experience for Landslide users.
One of the main challenges in cross-chain trading is the complexity involved in managing transactions across different blockchain networks. Composable's MANTIS framework simplifies this process by abstracting the underlying complexities. MANTIS allows users to define and execute their trading intents across multiple chains in a single, user-signed transaction. This means that users do not need to understand the intricacies of each blockchain involved; instead, they can rely on a unified interface that handles all the necessary operations behind the scenes. This results in a more intuitive and seamless trading experience, making it easier for users to engage in cross-chain activities.
Amplifying Liquidity with AVAX/PICA Pool
To further enhance liquidity and provide users with exciting trading opportunities, Landslide and Picasso will be launching an AVAX/PICA pool. This pool will allow users to trade between Avalanche's native token, AVAX, and Picasso’s native token, PICA, directly on the Landslide platform. By combining the liquidity of these two ecosystems, users can expect increased trading efficiency and potential for arbitrage.
Launching in Q3 2024
The partnership between Landslide and Picasso is set to go live in Q3 2024, marking a new era of interoperable decentralized margin trading. Users can expect a smooth integration process and access to a wide array of trading opportunities across multiple blockchain ecosystems.
*“At Landslide, we are thrilled to partner with Picasso & Composable Foundation, a team that has consistently pushed the boundaries of what's possible with cross-chain interoperability. Their groundbreaking work in bringing IBC to Solana, Ethereum, Kusama, and Polkadot has opened up a world of possibilities for the entire blockchain ecosystem. Composable's MANTIS network, which facilitates the settlement of cross-chain user intents, aligns perfectly with our vision of a seamlessly interconnected future for DeFi. Together, we are committed to building connection, not just between blockchains, but between the dreams of our users and the reality of a more accessible, efficient, and user-centric DeFi landscape. This partnership represents a significant milestone in our shared journey towards a more composable, interoperable, and inclusive financial system.” - Nathan Windsor, CEO, Landslide
”Teams have been awed by how we are launching all of these IBC connections outside of Cosmos. It’s true, no one has done it before us and countless whitepapers and articles including from prestigious firms like Paradigm have said that this is too difficult or too expensive. The short of it is that we’ve proven them wrong. Here’s another one - Avalanche, in partnership with our friends at Landslide. Excited to connect all major networks to IBC and enable secure transfers across the entire DeFi ecosystem once and for all. Welcome to the new world of composable, permission-less DeFi powered by Picasso.” - Henry Love, Executive Director, Composable Foundation.*
Join the Testnet and Discord Community
To experience the power of cross-chain margin trading firsthand, Landslide invites users to participate in its testnet. By joining the testnet, users can familiarize themselves with the platform, provide valuable feedback, and help shape the future of decentralized margin trading.
Additionally, the Landslide Discord community serves as a hub for enthusiasts, traders, and developers to engage in discussions, share insights, and stay updated on the latest developments. Join the vibrant community today and be part of the cross-chain trading revolution.
About Landslide
Landslide is a cutting-edge decentralized margin trading platform that empowers users to trade with leverage across a wide range of blockchain networks. By harnessing the power of decentralization and leveraging advanced trading tools, Landslide offers users unparalleled access to global markets. The platform prioritizes security, ensuring that users' funds are protected through robust smart contract audits and state-of-the-art encryption. With a user-centric approach, Landslide streamlines the trading experience, making it intuitive and accessible to both novice and experienced traders. Through its innovative features and cross-chain capabilities, Landslide is set to revolutionize the decentralized trading landscape, providing users with new opportunities for growth and profitability.
About Picasso (Composable Foundation)
Picasso is an L1 infrastructure protocol that serves as the crosschain IBC interoperability hub and restaking hub on Solana.
Picasso is the first and the only project to launch the Interblockchain Communication Protocol (IBC)’s secure, permission-less bridge solution from Cosmos to Polkadot / Kusama, Ethereum, Solana. Picasso’s technical architecture of IBC & Zero Knowledge Proofs (ZK) is secured through light client proofs and has no centralized third parties. This allows for the creation of secure, efficient, and natively interoperable DeFi applications that span multiple blockchain ecosystems. Powered by its native token, $PICA, Picasso incentivizes network participation, governance, and innovation. With a strong focus on trust-minimized bridging and cross-chain liquidity, Picasso is at the vanguard of DeFi innovation, unlocking new possibilities for developers and users alike
Composable Foundation is a Swiss foundation that governs the Picasso Network.
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