DEX With Cross-Chain Swaps and Governance
The first quarter of 2020 saw $5.1 billion added in volume to decentralized exchanges, 500% increase from the first 6 months in 2019. Data obtained from coindex This is made possible due to the recent rave that DeFi projects have caught on, the DeFi spark ignited the increased use of DEX platforms and platforms such […]
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For quite some time, trustless, cross-chain trades called atomic swaps have been a holy grail of sorts and a number of blockchain developers have worked on making them a reality. According to the developers from the Monero project, atomic swaps between bitcoin and monero are now accessible via the COMIT team’s asb software. Cross-Chain Swapping Bitcoin and Monero in a Trustless Fashion The Monero project has announced that bitcoin (BTC) monero (XMR) atomic swaps are now available via an implementation created by the COMIT network. The announcement was written by Monero developer....
Built as a proprietary cross-chain aggregation protocol, 03 Swap aims to deliver access to crypto-financial services. Its development was undertaken by the Tokyo-based O3 Labs. The protocol allows users to leverage the cross-chain “swap” feature to exchange several digital assets with the O3 Wallet. O3 Labs gave priority to provide a protocol with a high […]
"It's a major step forward in multi-chain governance systems," said the team at Aave. On Monday, the first cross-chain governance proposal passed on decentralized finance, or DeFi, borrowing and lending platform Aave (AAVE). According to DeFi Llama, the amount of total value locked on Aave is approximately $12 billion. As told by its developers, a proposal executed on Aave, which is built on the Ethereum (ETH) network, was sent to the Polygon (MATIC) FxPortal. The mechanism then read the Ethereum data and passed it for validation on the Polygon network. Afterward, the Aave cross-chain....
The cross-chain liquidity protocol has put special focus on user experience with a simple user interface without them having to deal with complex virtual networks. At a time when the decentralized finance (DeFi) protocols have seen a significant outflow of funds from the market, maintaining liquidity has become even more challenging. Liquidity plays a central role in the DeFi ecosystem, and many protocols over time have come up with various new solutions to keep liquidity pools brimming. The latest trend in the liquidity market is focused on cross-chain solutions.Many experts believe....
The crypto industry is experiencing a massive upswing. With assets like Bitcoin and Ethereum hitting new all-time highs, and other cryptos following in their wake, it seems like a matter of time before mass adoption is imminent. However, the industry needs some technological improvements before it can be broadly accepted by the rest of the world. Namely, it needs cross-chain capabilities. The Cross-Chain Problem With so many crypto projects launching on Ethereum, Binance Smart Chain, Avalanche, Solana, and other decentralized networks, users will want to experiment and interact across the....