Multi-Chain Decentralized Exchange Dfyn Now Support Elrond Network Asset
A community-governed DeFi project that offers a low-fee AMM exchange along with yield farming opportunities, Dfyn Network is now supporting Elrond Network asset spcially $eGLD. Dfyn is building a decentralized exchange that connects to multiple blockchains to allow interoperability between assets and liquidity pools on different platforms.
“The Elrond Web Assembly VM is a great example of how the building blocks for a scalable and cost-efficient DeFi landscape should look like. Integrating a non-EVM blockchain is far from being a low-hanging fruit for us, but it is essential for our long term goals that we embark on such a mission as early as possible.”—Ramani Ramachandran, CEO of Dfyn Network
This partnership will focus on adapting the Router Protocol developed by the Dfyn team to work with Elrond mainnet. This will enable Elrond assets to be available in the Dfyn DEX and plug into its multi-chain liquidity.
“The Elrond infrastructure is essential for a high bandwidth and inexpensive DeFi ecosystem. Cross-platform growth will enable projects to engage in a positive-sum game and share the upside of adoption outside of the current crypto boundaries. Happy to work with Dfyn on expanding the reach for projects building on our mainnet” —Beniamin Mincu, Elrond Network CEO
The partnership was also a very significant to Elrond Network as it added more community adoption for the network and to be deployed on a high performance blockchain that can tap into liquidity and users from additional platforms.
ABOUT Elrond Network
Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism
ABOUT Dfyn
Dfyn is a multi-chain AMM DEX currently functional on the Polygon Network. Dfyn nodes on various chains act as liquidity entry and exit points into the cross-chain liquidity super mesh that is being enabled by Router Protocol
