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Axelar (AXL) is a decentralized network that facilitates cross-chain communication and interoperability between various blockchain ecosystems. By providing a secure and efficient way for different blockchains to interact, Axelar aims to enhance the utility of decentralized applications (dApps) and improve the overall user experience in the crypto space.
Liquity (LQTY) is a decentralized borrowing protocol that allows users to obtain loans using Ethereum as collateral. It enables users to generate a stablecoin called LUSD, which is pegged to the US dollar, facilitating seamless liquidity without the need for intermediaries.