Echelon on Movement M2: Move money market with EVM and Cosmos liquidity
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Describes Movement's M2 as a modular ZK Move-EVM L2 on Celestia and Echelon, an Aptos money market with efficiency mode for high-LTV correlated pairs, launching on M2 unchanged to reach EVM and IBC liquidity.
Unified liquidity across Move, EVM, Cosmos & more!
Powered by @EchelonMarket and @movementlabsxyz ✨
@movementlabsxyz M2 is the first modular ZK Move-EVM L2, bringing parallelization and formal verification to Ethereum. Built with @CelestiaOrg underneath, it runs a high-performance MoveVM that is EVM compatible.
As a purpose-built blockchain programming language based on Rust and pioneered by @Meta's @DiemAssociation, Move boasts a high level of security & expressivity. It allows devs to avoid mistakes that could lead to exploits, while minimizing gas fees compared to pure EVM chains.
@EchelonMarket is a composable money market built on Move and is another core piece of DeFi infrastructure that joins the M2 ecosystem. Echelon recently went live on @Aptos and one of its key features is Efficiency Mode, which allows for high LTV loans on select correlated pairs like stables or APT-sthAPT.
Thanks to the full AptosMove compatibility of the Movement SDK, Echelon can launch natively on M2 without rewriting a single line of code. It retains all the safety and speed benefits of Move, while gaining full access to EVM users and liquidity at the same time.
Since M2 also provides IBC compatibility, it furthermore allows Move-based apps like Echelon to tap into Cosmos asset liquidity, unifying liquidity from various ecosystems on one modular execution layer (M2).
The first integrated blockchain network designed for speed and security is making big moves and the ecosystem is growing fast.
2024 is the year of alt-VMs on Ethereum. Keep an eye on @movementlabsxyz, anon! 👀
QUOTING @movement_xyz
Echelon is coming to M2! @EchelonMarket is a highly efficient money market connecting liquidity across the Move DeFi Ecosystem 🔥 Deploying on M2 enables Echelon to go omni-chain and connect #Move performance with EVM and Cosmos users and liquidity 🤝
Echelon is coming to M2! @EchelonMarket is a highly efficient money market connecting liquidity across the Move DeFi Ecosystem 🔥 Deploying on M2 enables Echelon to go omni-chain and connect #Move performance with EVM and Cosmos users and liquidity 🤝