QuipuSwap and Allbridge have launched a new cross-chain bridge between Tezos and 15 other blockchains.
A blockchain bridge or cross-chain bridge enables the transfer of tokens assets, smart contract instructions or data between different blockchains.
This new cross-chain bridge was created by MadFish in close collaboration with Allbridge and audited by Cossack Labs.
“Thanks to this solution, users from other chains are able to receive access to all the benefits and hidden gems created on the Tezos blockchain by simply moving their assets in a few clicks.“
This bridge was built for the purpose of moving liquidity to or from Tezos from other blockchains without having to sell assets or needing third parties such as CEXs.
Tezos is a self-upgradable and energy-efficient Proof-of-Stake blockchain with a proven track record of being fast, cheap, and popular among DeFi users and NFT artists.
Now, 16 blockchains are integrated with Tezos, bringing more liquidity to its ecosystem.
At launch, the following tokens will be bridged to Tezos and available on QuipuSwap DEX: USDC from Polygon, BUSD from BNB Chain, and ABR tokens from 15 blockchains.
In the future, Allbridge will expand access to BTC, ETH, SOL, NEAR, AVAX, USDC, USDT, and many more tokens and stablecoins from other chains on Tezos.
Additionally, QuipuSwap is launching new farming programs for BUSD and USDC with rewards to celebrate this long-anticipated release.
With the aid of the new bridge, you may:
- Participate in Tezos projects with high APR farms for stablecoins, BTC, and other tokens
- Use lending protocols and other DeFi tools on Tezos
- Transfer funds more easily to participate in popular NFT marketplaces and be a part of a large Tezos NFT community
Read more about this cross-chain bridge to learn how it works and how to transfer tokens through it in this full review.
Read Also: What Are Blockchain Bridges And Why Are They Crucial For The Widespread Blockchain Adoption?
Disclaimer: This post first appeared on XTZ.news. View the original article here.