The unified network powering cross-ecosystem IBC transfer activity for secure interoperability.
Powering the IBC future with PICA.
PICA has been designed and deployed to serve as a unified network token supporting multiple L1 blockchains. Currently, PICA is powering both a Cosmos chain (Composable Cosmos Chain) and a Kusama parachain (Picasso) and thus powers the IBC transfer activity across Polkadot, Kusama, and Cosmos via Composable IBC.
$PICA is uniquely positioned as the gas token at the center of Picasso, powering our efforts to enhance blockchain interoperability.
25% of fees on Picasso are distributed to collators, with the remaining 75% going directly to the community-governed treasury.
Participate by submitting proposals, voting on referenda, and participating in discussions.
Apollo is a permissionless, MEV-resistant oracle solution. Anyone can run an oracle node on Picasso by staking $PICA.
Composable is gearing up to launch Liquidt Staked DOT (LSDOT) in our ecosystem. Revenue will flow to PICA; this provides $PICA with yield emissions from liquid staking.
The Picasso Council manages and allocates funds for various protocol and network improvements, maintenance, and community initiatives.
Pablo DEX Pairs
A primary trading pair on Pablo will be PICA. You can also expect additional incentives with 15% of PICA’s supply being allocated towards liquidity programs.
Composable IBC Revenue
Users can stake $PICA tokens to gain access to a proportional share of the revenue generated through cross-ecosystem transfer activity via Composable IBC.
$PICA is currently being utilized by Cosmos validators for securing the Composable Cosmos chain. This is the first instance of a token being utilized for cross-ecosystem validation.
Building the future of DeFi together.