multichain ethereum binance chain labspartzcointelegraph

Multichain ethereum binance chain labspartzcointelegraph full#

Presidential election, claiming “Decentralized validation of local electoral results could provide a very powerful tool against some of the problems we are currently seeing.” CosmosĪ decentralized network of independent parallel blockchains, Cosmos relies on the Interblockchain Communication (IBC) messaging protocol to facilitate dialogue between exterior networks. Interestingly, Kylin CEO Dylan Dewdney recently touted the cross-chain platform as a potential solution to disputes surrounding the U.S. Comprising data analytic tools, an advanced decentralized data feed, an open marketplace for data exchange and pricing, and a native token to handle governance, the Polkadot parachain – which received a Web3 Foundation grant in late 2020 – will launch its mainnet next year while continuing to pursue partner network integrations. Kylin Network is a project that seeks to power the data economy on the much talked-about Polkadot network. Make sure to keep an eye on RAMP in 2021. Based on RAMP’s traction with partners and recent performance, this goal seems very obtainable. Ramp, meanwhile, aims to hit $1 billion in Total Value Unlocked (TVU) come the end of 2021. The potential of RAMP DeFi has been recognized by backers including Alameda Research and Signum Capital, who pledged over $1 million in backing in August. Ethereum users can also mint their own eUSD by depositing ERC20 stablecoins into the platform’s eUSDT liquidity pool. As one of the most comprehensive DeFi ecosystems in the market, MANTRA DAO is well positioned for 2021’s cross-chain race.Īs a pioneer of liquid staking and cross-chain liquidity on/off ramps, RAMP DeFi lets users unlock liquid capital from staked, non-ERC20 assets and utilize a stablecoin (rUSD) to borrow fiat-backed currencies such as USDT and USDC. Their lending platform protocol, ZENTEREST, is making waves with the launch of a handful of both small and large-cap ERC-20 crypto assets.

Since the new year, MANTRA DAO have slated an exciting suite of new products including a multi-asset CDP style lending product, a swapping mechanism, and a fundraising platform equipped with staking and other features. One of the first wave of products built on Parity Substrate for Polkadot, the user-friendly interface utilizes open-sourced and proprietary lending protocols to facilitate the provision of cross-chain, multi-asset loans. MANTRA DAOĪ community-governed platform focused on staking, lending and governance, MANTRA DAO is busy building bridges across the DeFi ecosystem. With the recent launch of Wanchain 5.0, the WanSwap AMM and a Web Bridge that enables in-browser asset conversions between Wanchain and Ethereum, Wanchain is looking forward to a bright 2021. The Wan team believes that Ethereum assets alone simply cannot hope to sustain the defi ecosystem, giving rise to the need for agnostic assets that can be used as collateral for lending/borrowing on protocols like Compound or Cream, as well as in liquidity pools. The EVM-based solution has ambitions of becoming a major player in the world of cross-chain defi in 2021, enabling the smooth flow of assets between blockchains via proxy-tokens such as wanBTC, wanEOS, wanXRP and wanDOT. There are now 6 blockchains supported by Rubic’s Multi-Chain Swaps: BSC, Ethereum, Polygon, Avalanche, Moonriver and Fantom.

Multichain ethereum binance chain labspartzcointelegraph full#

Cooperating with numerous DEXs for expanded exchange options allows Rubic to choose the best rates for their users, so they rest easy while getting the lowest possible transaction fees.Īfter their successful integration of the Avalanche network, they completed their full integration of Moonriver and Fantom into rubic.exchange.

The swap process is very simple, as users don't have to take part in endless transactions in order to get their desired assets.

Rubic is a Multi-Chain protocol, which allows users to swap around 10,000 assets between 6 blockchains in seconds, and in just one click. While there are a multitude of cross-chain projects making interoperability possible, the following five look set to have a breakout year in 2021. Thankfully, the industry moves at something approaching warp speed, and a number of recent innovations have facilitated interaction between once incompatible platforms.īetween cross-chain liquidity networks, cross-chain wrapped assets and swaps, and data oracles that connect disparate blockchains with real-time price feeds and APIs, the industry has come a long way in a short timespan. It seems like only yesterday that the crypto community was bemoaning the siloed design of blockchains.