Why cross-chain interoperability matters for DeFi
With hundreds of cryptocurrency exchanges available for users to transact on, the question becomes centralized or decentralized, neither of which offers an efficient solution. What is the next evolution for cryptocurrency exchanges?The modern DEX is designed to take advantage of the benefits of both CEX and DEXs by leveraging innovative technologies to enable more efficient transactions.Since limitations are presented for both the modern CEX and DEX, many propose that for widespread asset adoption, a non-custodial platform that supports assets across many networks is needed. In theory,....
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PRESS RELEASE. IOST has announced it is now at the final development stage for building a cross-chain transfer bridge to the Polkadot Ecosystem. The move is part of IOST’s plans to promote its cross-chain interoperability, bringing tremendous value for IOST users & developers and drive bigger adoption scenarios for its blockchain, according to a blog post on 5 March 2021. IOST Joins Forces with Polkadot In a bid to make its decentralized solutions available across multiple blockchains, promote trust and data sovereignty for users, IOST, the Proof-of-Believability smart contract....
Ren is teaming up with Alameda to boost cross-chain decentralization. Cross-chain bridge service Ren has announced that its development team will be joining Alameda according to a blog post by CEO Taiyang Zhang.As part of the announcement, Zhang revealed that the focus of the move is on enabling Solana (SOL) support on RenVM — the project’s cross-chain liquidity protocol launched back in May 2020.According to the Zhang, development work on the integration is currently being audited with full deployment expected to begin by the summer. Commenting on the upcoming Solana integration, the Ren....
Composable Finance has secured funding from several blockchain investment firms as it seeks to foster greater interoperability in the emerging decentralized finance market. Composable Finance, a DeFi interoperability protocol has announced a $7 million raise backed by 16 notable blockchain investment firms.According to a release issued on Tuesday, the funding round was led by Advanced Blockchain AG and Rarestone Capital. Other participants included Alameda Research, Spartan Group, Divergence Ventures, and Blockchain Capital, among others.Composable Finance is seeking to enhance DeFi....
The rapid rise of decentralized finance has changed the economic world forever. Popular decentralized exchanges like Uniswap and Sushiswap, and lending platforms like Compound, facilitated a Total Volume Locked growth from $675 million to $16.2 billion across 2020 for the DeFi world. DeFi’s popularity has also made blockchain interoperability through cross-chain interaction a stronger reality […]
STG price rallied after excited investors piled into Stargate Finance, an interoperability-focused multi-chain DeFi platform. "Stargate Finance" has been trending on Twitter for the past week and while it's too early to call for a full blown DeFi bull market, traders have been shoveling funds into the project which claims to be a “composable omni-chain native asset bridge.”Data from Cointelegraph Markets Pro and TradingView shows STG was listed on exchanges on March 17 and its price has climbed 438% from a low of $0.665 to a high of $3.58 on March 25.STG/USDC 1-hour chart. Source:....