DeFi

Cosmos-based Protocol Harbor Live On Mainnet

Interchain stablecoin protocol Harbor, built on Cosmos, said that it had gone online on the mainnet.

Users can use axlUSDC on the protocol to manufacture CMST, the native stablecoin on the Comdex chain. By placing CMST in the Locker module, users are also given the opportunity to earn interest.

The Comdex chain’s Harbor protocol is a decentralized application (dApp) that allows secure listed assets to be kept in vaults and mint CMST. It is powered by the Cosmos SDK and CosmWasm smart contracts.

The protocol’s StableMint feature, which guarantees that CMST retains its peg in secondary markets, also lets market makers and users profit from arbitrage possibilities.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.