PICASSO is collaborating with REDACTED to introduce PIREX $ETH (PXETH) into the COSMOS ecosystem. Through IBC technology, $PXETH will first be utilized on OSMOSIS, aiming to enhance the interoperability and utility of LSTs (such as $PXETH) and expand the possibilities of DEFI.

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<p>Shenzhen TechFlow News: Picasso Network, a collateralized lending protocol, has announced a partnership with DeFi protocol Redacted to introduce Pirex $ETH (pxETH) into the Cosmos ecosystem.</p>
<p>The collaboration will use IBC to transfer $pxETH to the Cosmos ecosystem, starting with its use on Osmosis. The aim is to enhance the interoperability and utility of LSTs (such as $pxETH) and expand the possibilities of DeFi.</p>
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PICASSO collaborates with REDACTED to introduce PIREX ETH to the COSMOS ecosystem.