Protocol & Technology

Cosmoly is a set of decentralized protocols and services, which operate across different blockchains. Although it can be divided into the following core services

Bridges

A blockchain bridge is a connection that allows tokens and/or arbitrary data to be transferred from one chain to another. Both chains may have different protocols, rules, and governance models, but the bridge creates a reliable mechanism for both chains to interoperate.

The idea is to create a bridge between EVM compliant blockchains (such as Ethereum, Polygon, BSC) and non-EVM compliant blockchains (such as Solana or Near), L2 solutions (such as BTC) and NFT transfers (with compliant chains).

We believe that the technology has been created, it just needs to be exploited. We are currently using the LiFi and HyperLane protocol to achieve these goals.

How will it be possible

in the future, for this we will use our native token (Universal Credit)

• The token will be created on each blockchain that supports asset transfers.

• Each blockchain will have a liquidity pool and a smartcontract to govern it.

• Liquidity pools will have Universal Credit and a Stable coin (USDC or USDT).

• If a user wishes to mobilize a Universal Credit, it will be burned on the source blockchain and mined on the target blockchain.

• Similarly with stable coins, the smartcontract will freeze it in the reserve account and unfreeze it in the target account.

• Each smartcontract governs its own blockchain, and each smartcontract can communicate with each other to perform cross-chain operations, thus saving development time to increase compatibility with more blockchains.

For NFT operations, an L2 solution will be created, where a record will be kept of the creators and the content of the NFT to be transferred, and a specific account will be created to safeguard the NFT in the Source Blockchain. While in the destination blockchain an NFT will be created with the same characteristics.

When you want to send the NFT back to the source chain, the information will be compared and transferred from the holding account to the destination account. This will allow the same NFT to exist on different blockchains but ensure that only one will be in circulation.

L2 Solutions

There is no need to invent the wheel. Services such as Algomint and Changelly already exist in the crypto ecosystem. Which are compatible with this type of transactions. So it would only be a matter of implementing the necessary APIs in the platform.

Dapps and Dex

The Dex have gained a lot of strength and confidence in recent times. Making it possible to exchange assets without a company or institution in between at a very low cost. A list of possible combinations and connected services would include:

• Sunswap (Tron)

• dYdX (Ethereum)

• KyberSwap (Ethereum)

• And soon others more

Combining the possibility of moving assets between chains and exchanging assets in high-performance blockchains such as Tron, Terra and Algorand, we already have the possibility and capacity of a common Exchange.

With a small difference... You have never had the need to leave the blockchain or register anywhere, all assets and potential gains will be in your wallet.

We are currently using the 0x protocol to achieve these goals

Savings and passive investment

We know that there are users who use cryptocurrencies as a way to preserve the value of their assets over time, and that is why we want to create a section in our platform dedicated to this practice.

A place where the user has the ability to staking their money and get a stable return, from native assets like TRX, SOL, MATIC as well as stable coins.

The APR would be variable depending on the protocol and the chain that the user wants to operate for these operations. Among the possible services and connections we can highlight:

• Native staking on the blockchain

• Staking in Dex liquidity pools

• Use of third party services (like Nexo Earn or Poloniex Staking)