BIFROST is Integrating Avalanche, Bringing its DeFi Protocol BiFi and Enabling Other DApps to Function Across Chains
Bifrost will integrate Avalanche to enable DApps to enjoy multichain technology with Avalanche’s high performance and low fees. Furthermore, BiFi, the Multichain DeFi Project by BIFROST, will launch on Avalanche, bringing its lending protocol and much more to Avalanche’s DeFi ecosystem.
BIFROST’s Multichain Middleware aims to solve this problem by enabling DApps to grow beyond a single blockchain, explore emerging networks, and achieve true scalability.
BiFi is the Multichain DeFi Project by BIFROST, aiming to create a decentralized financial infrastructure that connects all the capital markets — allowing capital to flow seamlessly from one blockchain to another, without any wrapping, bridging, or custodians.
Avalanche has more than 50 live DeFi projects on its network, and a rapidly growing base of users, assets, and applications, Avalanche is emerging as a major DeFi ecosystem.
About BIFROST
BIFROST is a Universal Multichain Middleware. It is not another blockchain, nor an exclusive ecosystem. Rather, it is a universal language for blockchains to communicate with each other. DApp developers can assign different components to desired blockchains, BIFROST then transpiles the code and deploys them directly to blockchains. Developers can create the best combination of blockchains, try and switch to new ones, and experience true scalability in their Multichain DApps.
About BiFi
BiFi is the Multichain DeFi Project built on BIFROST. It seeks to create a decentralized financial infrastructure that connects all the capital markets — allowing capital to flow seamlessly from one blockchain to another, without any wrapping, bridging, or custodians. BiFi offers collateralized lending, liquidity mining, and soon will launch its native multichain lending and wallets to connect and expand the DeFi ecosystem as a whole.
About Avalanche
Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Developers who build on Avalanche can easily create powerful, reliable, and secure applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.
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