RelayChain is thrilled to announce Bridging as a Service (BaaS), a new decentralized technology that quickly and securely links liquidity across the world’s largest blockchains and can be seamlessly integrated into any qualifying DEX or dApp to offer new DeFi trading opportunities.
SysAdmin Appreciation Day: Top Industry Leaders Share their Insights on IT and Data Ops
The proliferation of smart-contract blockchains like AVAX, DOT, ADA and MATIC has fragmented DeFi into islands-of-value, leaving investors and traders stranded and unable to easily move their assets between chains. Enter the Relay Bridge – a simple and secure way to shuttle crypto between the world’s leading blockchains.
Recommended AI News: Dynatrace Achieves AWS Government Competency
The Relay Bridge was developed in Q1 2020, and for over a year it powered the Zero Exchange DEX, which exceeded 70 Million TVL and securely processed over $1 Billion in transactions.
Presently, Relay enables cross-chain swaps between Ethereum, Polygon (Matic), Avalanche, and Polkadot (via KSM/Moonbeam) and more. Relay partners can integrate cross-chain bridges directly within their applications and effortlessly link liquidity and trades across blockchains. A white labeling service to assist partners in quickly bringing cross-chain to their application is available. White label partners that provide liquidity can earn a multitude of Bridge benefits.
Starting August 3rd, $RELAY can be purchased directly at RelayChain.com or traded on trustworthy decentralized exchanges such as Quickswap.
Recommended AI News: Quobyte Releases Hadoop Native Driver To Unlock The Power Of Enterprise Analytics, Machine Learning, Streaming, And Real-Time Applications
Under the hood, Relay is a completely new DeFi animal. Holders that stake $RELAY power the Bridge’s cross-chain swaps and earn native gas fee tokens in return. This is a simpler use of liquidity that greatly reduces the risk to the provider.
Relay’s growth is linked to the Bridge volume. As Relay users increase, $RELAY holders will benefit from increased rewards, which could further increase interest in holding $RELAY, ad infinitum.
When one considers high utility additions to the crypto-currency landscape, Relay solves cross-chain swaps with an elegance similar to how Chainlink Oracles solve pricing data.
Recommended AI News: Identity Verification Platform Sumsub Raises $6 Million in Series a From MetaQuotes
Comments are closed.