Velora plans to use the protocol to allow users to perform cross-chain swaps in a single transaction.
Cross-chain interoperability is one of the most important trends in crypto today. On Thursday, April 17th, Dex Platform Velora partnered with the entire protocol. In a press release shared with Crypto.News, the company said the partnership will allow users to easily exchange assets across multiple chains.
The integration of the protocol allows Velora users to trade assets across more than 17 chains. Additionally, traders can perform swaps in one transaction in any of these chains.
Velora leverages the entire protocol to improve the user experience
Typically, to exchange assets across a chain, you wrap the token, bridge it to another chain, and exchange a token wrapped in a dex that supports the pair. This process is technical for inexperienced users.
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Velora still sources liquidity from some DEX, but the entire process works behind the scenes, thanks to the protocol. According to Mounir Bencheled, founder of Velora, this is a major step towards making complex blockchain operations seamless for users.
“By combining Velora’s trading optimization with the ‘wide cross-chain functionality’, we create a unified experience that seamlessly creates complex blockchain dialogue,” says Velora.
Cross-Chain Swap focuses on the Ethereum (ETH) ecosystem and bridges 17 Ethereum virtual machine compatible chains. The company says this is an important step towards making the EMV ecosystem more interoperable and compatible.
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Cross-chain interoperability is one of the most important trends in crypto today. Different chains have a variety of strengths, whether decentralised or speed. This also means it’s best for a particular use case.
The Ethereum ecosystem in particular benefits from a shared technology foundation. This allows Ethereum and its Layer 2 network to communicate seamlessly, allowing DAPP and Defi protocols to work in multiple chains.
read more: Cross-chain interoperability is key to scaling defai | Opinion
