Now on DeversiFi: Cross-Chain Swaps for Bridgeless DeFi Transactions

The decentralized exchange, DeversiFi, is introducing cross-chain swaps, a new tool for Decentralized Finance (DeFi) traders to transact over several chains. 🚀 @AtlendisLabs is launching today with institutional borrower @deversifi 💫 Learn more: https://t.co/5j7t4r7767 pic.twitter.com/dfz3yT8C5m — Atlendis Labs (@AtlendisLabs) June 7, 2022 Users must create several wallets or bridges in today’s multi-chain ecosystems and pay gas fees on token transactions. Will Harborne, the founder of DeversiFi, said he hopes to tackle the problem by merging several chains to make transactions more efficient. Harborne said, “We remove the cognitive load and complexity – they can just buy tokens on other chains without ever needing to consider the bridges,” DeversiFi presently has 63,000 users, according to Harborne. Polygon will be the first cross-chain feature to be integrated, followed by Avalanche, BNB Chain, Optimism, and Arbitrum in the coming months. DeversiFi Partnered with ParaSwap DeversiFi has partnered with ParaSwap, a decentralized exchange (DEX) aggregator, to assist customers in converting their USDT or USDC tokens into Polygon tokens to retain transactions within DeversiFi. DeversiFi’s cross-chain update is part of a growing trend across protocols to use multiple chains. DeFi protocol Aave released its v3 upgrade in March, prioritizing cross-chain swaps, and DeFi platform Hashflow released bridgeless cross-chain swaps in Apri...