After Celestia's recent airdrop of TIA Tokens and the launch of its mainnet beta, Celestia is now live. Celestia is a "modular data availability network" designed to scale securely with user growth, addressing scalability and stability issues in the blockchain space.
What is axlTIA?
In response to this exciting development, Axelar has introduced axlTIA, a bridging token for Celestia's native cryptocurrency, TIA. axlTIA acts as a bridge, connecting Celestia's blockchain with other interconnected networks including the Arbitrum and Ethereum networks, thereby enhancing liquidity and flexibility for TIA token holders. This allows users to seamlessly trade, provide liquidity, and partake in various DeFi activities across different blockchain networks that integrates axlTIA, such as Sushi.
How to get axlTIA
Users can utilize Squid, powered by Axelar to get axlTIA on Arbitrum. They can either bridge their TIA from the Celestia Cosmos chain, or swap to axlTIA from any EVM chain in one click. Once users have axlTIA in their wallet, they can provide liquidity on Sushi.
The axlTIA-ETH Pool is now live on SushiSwap's v3 AMM on the Arbitrum network, currently offering $Sushi rewards. TIA holders can now swap TIA to axlTIA on Squid, then trade and provide liquidity on Sushi, further enhancing the utility and liquidity of TIA.
Sushi is building a comprehensive DeFi ecosystem! Follow our socials to keep up with our product launches and find out more on how you can make the most of your cryptocurrency assets with Sushi’s secure and powerful DeFi tools!
