Sunny Aggarwal recently discussed his vision for seamless cross-chain trading with Polaris on a SlateCast episode. He is the Co-founder of Osmosis Labs and Polaris, aiming to revolutionize DeFi by integrating liquidity for a user-friendly experience. Aggarwal highlighted the importance of incorporating Bitcoin into decentralized finance ecosystems, emphasizing the growing trend of Bitcoin DeFi.
His previous project, Osmosis, has successfully integrated various Bitcoin bridges, including WBTC, NOMIC, and CKBTC, expanding Bitcoin’s use case within the Cosmos ecosystem. Aggarwal mentioned that Alloyed Bitcoin is now live on Osmosis and has become one of the most traded assets on the platform.
Polaris, Aggarwal’s latest venture, aims to address the issue of fragmented liquidity across chains in the DeFi space. Unlike centralized exchanges where users can trade multiple assets on one platform, DEXs have struggled with chain-specific liquidity pools. Polaris seeks to aggregate liquidity across ecosystems, enabling seamless cross-chain trades with a user-friendly interface.
User experience and security are top priorities for Polaris, with a focus on enabling one-click trading across different chains. The platform utilizes MPC to shard private keys across validator nodes, ensuring high security standards even if some nodes are compromised. Polaris plans to launch its beta version early next year, starting with support for Ethereum, Solana, Cosmos, and Tron, with plans to add more ecosystems monthly.
Aggarwal expressed optimism about Polaris’s timely launch amidst market shifts, aiming to be well-prepared for potential market movements. The platform’s goal is to capture a significant user base as the market gains momentum, providing a simplified experience accessible to users at all levels. Polaris’s innovative approach to cross-chain trading and focus on security and user experience position it as a pioneering platform in the DeFi space, shaping the future of decentralized finance across multiple blockchain networks.
