Axelar brings General Message Passing to the Cosmos, allowing Sommelier to deploy intelligent DeFi vaults on Ethereum’s top L2
NEW YORK–(BUSINESS WIRE)–$ARB #arbitrum—Sommelier and Axelar announce an integration that combines the best of both worlds: a novel appchain from Cosmos veterans and the leading Ethereum Layer-2 in a DeFi application that spans ecosystems. Axelar is the first to offer General Message Passing (GMP) between Cosmos and EVM chains, and Sommelier will use GMP to run intelligent DeFi vaults, first on Arbitrum One and expanding to additional Layer-2 blockchains in the future.
Sommelier’s cross-chain expansion with Axelar heralds a new generation of interchain applications that compose the best of multiple Web3 ecosystems. Axelar GMP enables any information, not just liquidity, to move between the Cosmos and EVM ecosystems, allowing for rich interoperability.
“At Offchain Labs, we are delighted to welcome high-caliber protocols such as Sommelier who fo
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