Cosmos SDK
Coverage of Cosmos SDK in the Nexus archive.
- Why native BTC swaps are brutally hard and why Magi is only the 4th protocol to ever ship them.
Magi is the fourth protocol to successfully ship production-ready native Bitcoin custody for cross-chain swaps, leveraging Hive's blockchain and HBD stablecoin for settlement. This approach enables high-speed, decentralized execution and brings Hive's liquidity into global BTC and EVM ecosystems. Native TSS custody is a complex but potentially crucial infrastructure for Bitcoin DeFi.
- Sphinx Protocol is ditching their own chain and deploying on Base
Sphinx Protocol is abandoning its planned Cosmos SDK chain in favor of deploying on Base. The protocol focuses on onchain derivatives for the entire energy complex, targeting institutional hedging and real liquidity. The move to Base is strategic, leveraging its established infrastructure and growing DeFi ecosystem to attract serious market counterparties.