BlocksInform
RAD of Hong Kong, RAD of Hong Kong, 7 February 2023, Chainwire.
Chainflip, the cross-chain DEX set for launch in mid-2023, has initiated its partnership programme 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 consists of looking to develop a mutual web-interface integration that will see web apps built for each of chainflip and squid supporting the other, the aggregation of chain swaps that the other is still unable to support.
I'll give you one example, 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. Likewise, users will be able to exchange assets on one of the many ethereal strings supported by axelar and squid when using the main interface of the chain strip.
It is designed to do so as easy as manufacturers can create the experiences they imagine without having to learn and develop multiple accessibility standards 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 is essential for like-minded partners in the challenging ecosystem to find ways to work together to shift centralized exchanges. '
Fig, Squid's co-founder, said: As the potential of the entire chain grows, we look forward to working in partnership with another like-minded actor who shares our vision and values. With the launch of Chainflip scheduled for later this year, we have been determined to establish a partnership from day one, resulting in a better experience for Squid and Chainflip users."
About Axelar & Squid
Axelar is the decentralised cross-chain messaging network that powers Squid. Squid is an inter-channel email and liquidity router that exchanges between several channels and their native indexes via axlusdc. Axelar bears many ethers.
About Chainflip
Chainflip is a decentralized DEX Cross-Chain launched in the middle of 2023 that uses threshold signature patterns, his own chain of blockers, and an automated market maker (AMM) specifically designed with Just-in-Time cash to enable native cross-chain swaps. It allows users to access the natural resources of various ecosystems like eth, dot, and sol, and assets that have not yet become part of the challenge landscape, like bricks and mortar, ada, and xrp, I don't need smart deals. The commerce is carried out on a decentralized network and without authorization at very competitive prices with little slip.
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George GodsalREKT Partners
