KLAYswap presently supports BSC assets bridged through Orbit Chain

Today we would like to make a very special announcement: KLAYswap is now supporting Binance Smart Chain (BSC) based assets! Binance Smart Chain is a blockchain platform developed by the largest exchange in the world, Binance. It also hosts one of the largest DeFi ecosystems in the entire Decentralized Financial world.

By supporting assets that are based in an ecosystem with such massive liquidity, there will be new opportunities for users of KLAYswap in terms of accessibility to those assets. This will also serve as an introduction of a new AMM-based swap protocol, KLAYswap, to the BSC world, which could lead to new growth that was previously limited by the resources of the BSC ecosystem.

The first BSC assets supported on KLAYswap will be the native token of the BSC ecosystem, BNB, along with the governance token of Belt Finance, BELT. BNB serves as the fuel that powers the ecosystem Binance has built, and has one of the highest market caps amongst all cryptocurrencies, along with Bitcoin, Ethereum and Tether. Belt Finance is a stableswap AMM protocol with multi-strategy yield optimization vaults that is a leading DeFi protocol on Binance Smart Chain. BELT is the governance token of Belt Finance.

In addition to these two tokens, there are other BSC-based assets such as AUTO, CAKE, BIFI, and XVS available for bridging on Orbit Bridge, which allows KLAYswap participants to create permissionless liquidity pools as they want.

KLAYswap has been steadily gaining TVL with Orbit Bridge integration, bringing liquidity in a completely decentralized fashion. By supporting assets based on Ethereum and by recently adding Ripple to the ever-growing list of its supported assets, KLAYswap achieved an unprecedented level of TVL and trading volume. This new support for BSC-based assets is designed to raise the core value of KLAYswap, liquidity infrastructure. We are excited for the expansion of KLAYswap that this BSC support update will develop.

We plan on continuously updating KLAYswap to become inclusive of other new liquidity sources through technological development and by working with various other projects. We thank you for your participation in and usage of KLAYswap and look forward to your continued support.

📰 INFO

https://medium.com/klayswap/new-liquidity-supply-opportunity-with-bsc-based-assets-c59c7549ab0d