Onomy Protocol Sealed A Partnership With Harmony Protocol
Onomy’s products will be launched in 2022.
Onomy Protocol is partnering up with Harmony in a bid to further connect the market’s booming blockchain ecosystems. The collaboration will see the deployment of a separate instance of Onomy’s hybrid DEX, multi-currency stablecoins, and a bi-directional bridge.
Onomy is creating the market’s first decentralized exchange (DEX) that combines AMM liquidity pools with an order book UI, bringing cross-chain market, limit, stop, and conditional orders to DeFi. Through this integration, additional avenues of liquidity can access Harmony and users may seamlessly trade between multiple asset ecosystems, store their assets on a single non-custodial wallet, and engage in Forex trading, payments, settlement, lending, and yield opportunities using Onomy’s stablecoins.
Harmony is building an open consensus engine to 1000x the world’s decentralized economies, bootstrapping impactful adoption of global-scale consensus. With well over $1 billion in TVL, Harmony’s users will soon be able to conduct advanced orders via Onomy’s order book DEX while still providing pair liquidity and earning yield.
As the integration is completed, liquidity flows between ecosystems will be simplified with Harmony native assets able to bridge to the Onomy Network and vice-versa.
Together, Onomy’s novel DEX model and Harmony’s high-throughput, low-latency, and low-fee infrastructure will facilitate simpler trading and empower the next wave of crypto adoption.
ABOUT Onomy Protocol
Onomy Protocol is a layer-1 Cosmos chain powering a multi-chain & intuitive DEX that combines AMM liquidity pools with an order book UI facilitating market, limit, and stop orders, alongside FX markets via its stablecoin minting system, and cross-chain asset storage through Onomy’s non-custodial DeFi access wallet.
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ABOUT Harmony Protocol
Harmony is an open and fast blockchain, with a mainnet that runs Ethereum applications with 2-second transaction finality and 100 times lower fees.
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