Interchain Foundation Invests in Stride Swap to Build IBC-Native DEX on Cosmos Hub with IBC Eureka Upgrade

The Interchain Foundation has announced an investment in Stride to support the development of Stride Swap, a new decentralized exchange (DEX) built natively on the Cosmos Hub. Stride Swap is designed to leverage the Inter-Blockchain Communication (IBC) protocol, specifically optimized for the Cosmos Hub's IBC Eureka upgrade. This upgrade enables multichain swaps, allowing Stride Swap to serve as a liquidity engine and bridge swap solution within the Cosmos Hub's decentralized finance (DeFi) ecosystem. The initiative marks a new phase for Stride, positioning it as a key player in expanding IBC-enabled DeFi functionalities on the Cosmos network.

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