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TechFlow reports that the restaking protocol Picasso Network has announced a collaboration with DeFi protocol Redacted to bring Pirex $ETH (pxETH) into the Cosmos ecosystem.
The partnership will transfer $pxETH to the Cosmos ecosystem via IBC, initially available on Osmosis. The initiative aims to expand interoperability and utility of liquid staking tokens (LSTs) like $pxETH, unlocking new possibilities in DeFi.
Picaссо Network, a restaking protocol, announced a partnership with DeFi protocol Redacted to bring Pirex $ETH (pxETH) into the Cosmos ecosystem. Through IBC, $pxETH will be transferred to the Cosmos ecosystem and first utilized on Osmosis. The collaboration aims to enhance interoperability and utility of liquid staking tokens (LSTs) like $pxETH, expanding possibilities in DeFi.
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