TechFlow reports that Polkadot-based DeFi protocol Composable Finance has proposed joining the ATOM Economic Zone (AEZ) and integrating Interchain Security (ICS) on the Cosmos Hub governance forum.
If approved, Composable will bear 20% of the IBC bridging fees within its ecosystem and allocate 20% of PICA and LAYR staking rewards to the Cosmos Hub.
In addition, Cosmos Hub validators will be able to operate relayers within the Composable ecosystem, capturing MEV.
However, on-chain investigator ZachXBT has raised concerns about Composable's founder's links to rug pull projects and the project's lack of transparency. Several core team members have left Composable/Brainjar, and BrainJar has faced allegations from the U.S. Securities and Exchange Commission (SEC).
