Chain-specific gatekeeping that only advantages the earliest whales has long troubled cryptocurrency (more recently DeFi) and reminded us all that blockchain “BUIDLers” might not really be in it for the tech.

It’s been over 13 years since Satoshi announced the arrival of . The idea was a viable alternative for traditional financial systems. It was equal parts technology and ideology. Now, fast forward. Many of the newer DeFi-oriented projects have become as prone to early adoption and loyalty than traditional financial systems.

Cryptocurrency is already perceived to be volatile and risky, but as newcomers see that early buyers – who are privileged to participate in pre-sales and seed rounds – can handle rising gas/utility fees without trouble, the perception grows worse. This creates a psychological divide between people who are able to take part easily and those who won’t be able due to the increasing barrier of entry.

The problem of rising fees on layer one chains isn’t easily resolved, but communication between different blockchains at least makes it possible. By bridging various smart contract enabled chains, investors’ access to a broad range of asset classes is enhanced and they are enabled to work with investments that scale linearly in both directions – up and down. With a core value of truly democratizing finance and not merely talking about doing so, Comdex’s launch within the IBC ecosystem was imperative.

IBC is TF?

The Akash Network provided a lovely summary.

Cosmos is built on the Cosmos Framework, which connects sovereign blockchains. The network gains a lot more than the simple ability to trade tokens and other information. With the Tendermint BFT Engine, Cosmos SDK and other tools developers are able to scale blockchains quickly, securely, and with interoperable functionality within and outside the Cosmos network. This flexibility can make it a compelling incentive for existing and new blockchains, to either connect or build with Cosmos via IBC protocol. It will also increase the network’s utility and capabilities.

IBC presents a new future of fundraising – a more scalable and equitable method for dispersing assets. Comdex’s choice to start on IBC enables more diverse investor participation. The breakdown of price and scale barriers make it possible for investors who never dreamed they’d be able to participate in the exchange of commodities like gold and oil to do so.

Comdex takes one step closer toward its goal of financial accessibility worldwide through this fair and secure distribution protocol.

“But can we really forget about Ethereum?”

The short answer is we don’t have to! Ethereum’s place in DeFi’s past, present, and future is secure. Large-scale investors don’t concern themselves over high gas fees, but those of us who lack the ability to move markets do, which is why alternative chains like Cosmos and the IBC network are imperative.

EVM-focused Miss Natoshi, who is focused on IBC, recently posted about the numerous benefits IBC provides. As development continues and bidirectional swaps between EVM and IBC become easier, the barriers that stand between hungry investors – who have been chomping at the bit to sink their teeth into commodities and those commodities themselves, are lowered.

Get your hands up!

So the question: “Who’s down with IBC?” is asking who is interested in greater access, higher throughput (shared across more chains), lower fees, and a more fair distribution of the world’s wealth. Again, unless you’re among the 1% who control a vast majority, or just a really mean person who wants to see other people pay high fees, your answer is probably “Yeah, you know me!”

For those who’d like to participate in the future of synthetics and commodities, Comdex’s LBP is running on Osmosis from now through December 6th. Learn more here about how you could participate.

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