Olympian INU plans to allow web3 artists to access a platform to create and share art with collectors worldwide. Through its tokenomics, dynamic events, and roadmap for growth, Olympian INU aims to offer an exciting opportunity for creators and enthusiasts alike. In today's review, let us look at the project's features more closely. What Is Olympian INU? Olympian INU seeks to bring web3 artists to Arbitrum, creating a thriving NFT market for collectors and artists alike. By burning $OPI tokens…
Chainflip Partners with Axelar and Squid to Expand DeFi to New Assets
Disclaimer: This is a paid press release! Readers should do their own research before taking any actions related to the company. Learn More
Chain flip, the cross-chain DEX set for launch in mid-2023, has initiated its partnership program and unveiled plans to create a two-way integration between Chainflip and Squid, the recently launched cross-chain token swapping service. This partnership will bring users of both Chainflip and Squid even greater access to cross-chain swaps between a wider variety of blockchains powered by Axelar.
The first task in this new partnership involves developing a mutual web-interface integration that will see web apps built for each Chainflip and Squid supporting the other, aggregating swaps to chains that the other cannot yet support.
As an example of what this might look like, users of Squid and other Axelar ecosystem products will be able to swap native BTC through the Squid web interface by routing at least part of the swap through the Chainflip protocol. Similarly, users can swap assets on one of the many Ethereum chains supported by Axelar and Squid when using the main Chainflip web interface.
This collaboration is designed to make it as easy for builders to create the experiences they are imagining without having to learn and develop multiple standards to access as many chains as possible.
Chainflip CEO Simon Harman said:
This two-way integration between Chainflip and Squid will greatly improve both pricing and access to more assets for users of both products and is a huge step forward in making cross-chain products much more competitive. We think it’s vital that like-minded partners in the DeFi ecosystem find ways to work together like this to displace centralized exchanges.
Fig, the co-founder of Squid, commented:
As cross-chain’s potential develops, we’re excited to partner with another like-minded player who shares our vision and values. With Chainflip due to launch later this year, we were keen to build a partnership from day one, which will mean a better experience for both Squid and Chainflip users.
About Axelar & Squid
Axelar is the decentralized cross-chain messaging network that powers Squid. Squid is a cross-chain liquidity and messaging router that swaps across multiple chains and their native DEXes via axlUSDC. Axelar supports many Ethereum & Cosmos chains through a decentralized protocol and messaging network.
Chainflip is a decentralized cross-chain DEX launching in mid-2023 that utilizes threshold signature schemes, its blockchain, and a purpose-built Automated Market Maker (AMM) with Just-in-Time liquidity to enable native cross-chain swaps. It provides users with access to native assets from different ecosystems, such as ETH, DOT, and SOL, and assets not yet integrated into the DeFi landscape, such as BTC, ADA, and XRP, without the need for smart contracts. Trading takes place on a decentralized, permissionless network at highly competitive prices with low slippage.
For more information, visit: Website | Twitter | Discord | Telegram
George Godsal – REKT Partners
Press release: This is a paid press release! Crypto Adventure does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Crypto Adventure is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release. Learn More