Squid is an Axelar-based bridge that connects Cosmos and EVM networks. With it, project teams can easily integrate crosschain infrastructure into their dApps.
The team has raised $7.5 million from Polychain Capital, Fabric Ventures, Distributed Globall and other investors.
The article goes on to show how to interact with the project to be able to qualify for a drop if the team decides to pursue it in the future.
Activity Guide
Note: you will need a Metamask-like wallet to pass. If you don’t have one, you can use our guide to install and set it up.
- Go to the website and connect the wallet:
- Choose the networks and tokens that we are going to bridge. Click Submit and then confirm the transaction.
Important: Before submitting, pay attention to the Estimated fee (transaction price). Depending on the networks you have chosen, it can range from $1 to impressive sums.
Conclusion
Unlike other similar protocols, this one does not have a large user base and hype around a possible drop, although its general functionality is not inferior to them. Accordingly, the competition for us is much less.
The main points:
- the project does not have a large user base;
- it is desirable to interact with constant frequency, gaining active months, volume, and networks.
Useful links: Website | X | Discord
