Flux Protocol Integrates with Scalable and Interoperable Chain Evmos
Flux Protocol is excited to announce it has completed its integration with Evmos, an interoperable, scalable, and EVM-compatible chain that enables other protocols using EVM contracts to deploy onto the Cosmos ecosystem.
EVM, or the Ethereum Virtual Machine, is a standardized methodology of processing transactions to maintain state across nodes supporting the Ethereum network. In layman’s terms, it’s software that ensures all parts of the network are working properly, a gateway for Ethereum protocols & users to access the Cosmos ecosystem.
Why is Flux’s integration with Evmos significant? To start, any protocols that wish to access the Cosmos & Evmos ecosystems while maintaining a connection to Ethereum data can do so with Flux’s First Party Oracle (FPO) solution. Data providers like Kaiko and Amberdata have deployed our FPO and are now looking to support whichever feeds protocols need on Evmos.
So why should Ethereum protocols move over to Evmos?
Evmos enables developers to go beyond the functionality of Ethereum to create new types of interchain applications without sacrificing precious gas money due to network congestion.
To jumpstart lending on Evmos, Coslend, a Compound fork, is ready for action to bring Cosmos & Ethereum lenders & borrowers together under the Evmos roof. Ethereum users can now expect the comfort and security of the protocol they love in a blossoming new ecosystem.
“Just to inspire some creativity among the builders out there; y’all can deploy your existing protocol on Evmos, connect to Ethereum network & Real World data, while leveraging every app & chain built on Cosmos networking & consensus layers,” said Jack Sawyer, head of integrations at Flux.
“We are super excited to have Flux join the Evmos ecosystem to provide their reliable oracles,” said Liam D from Evmos. “We look forward to seeing more projects using Flux to build on Evmos.”
Evmos was created using the Cosmos SDK, an open-source framework for building proof-of-stake (PoS) blockchains. Cosmos SDK handles the networking & consensus, granting developers the ability to focus on what they do best; building applications!
“We are always expanding our reach of the Flux Ecosystem, and we are thrilled to be supporting the Evmos ecosystem and the innovative protocols building there,” said Peter Mitchell, CEO of Flux. “With the integration of Flux protocols built on Evmos now have access to robust high-quality data.”
Flux allows any smart contract to connect with crowdsourced, API-based, and price-feed data. Flux brings this data on-chain using a sophisticated validation and dispute mechanism that relies on economics principles to keep validators honest.
Flux is backed by world-class investors such as Distributed Global, Coinbase Ventures, Reciprocal Ventures, Coinfund, Maven 11, Flow Ventures, among others.
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Evmos is the first Ethereum Virtual Machine–based blockchain in the Cosmos ecosystem and enables developers to launch apps that run smart contracts across any number of EVM- and Cosmos-based blockchains. It makes that process as simple and seamless as possible by allowing developers to continue creating apps in Solidity and Vyper like they’re accustomed to in the Ethereum ecosystem. Evmos opens a new frontier for blockchain applications, expanding the functionality of the EVM by enabling cross-chain applications that tap the liquidity and user bases of multiple blockchain ecosystems to provide a more unified experience.