Hypersign and Asva Labs Partnership
The Hypersign <> Asva partnership will solve the problems of identity and security in mass adoption of smart, intuitive, aggregated money market solutions towards decentralization.
Hypersign is thrilled to announce that we have partnered with the cross-chain DeFi aggregation engine Asva Financeto help improve the user security and privacy aspects of interoperable DeFi solutions.
Let’s dive right into what problems they will solve with this partnership, and what it means for their vision of a decentralized future.
What is the problem?
The current DeFi landscape is complex, creating a cumbersome trading experience. The various aspects of DeFi such as token swaps, lending, borrowing, trading, staking, and yield farming are the fragmented pieces of the DeFi ecosystem that need to be addressed through multiple protocols on different blockchains.
Asva Finance is a cross-chain DeFi aggregation engine that leverages DeFi protocols from multiple blockchains to feature a wide range of functionalities. Their advanced routing mechanism offers the best rates to users from a simple user-friendly interface. However, there are big concerns about the hidden perils of decentralized applications. Data breaches, hassles of signing in, transfer of asset custody. A security breach or exposure of data can happen at any point in the transaction journey.
How will the partnership solve it?
Asva-Hypersign partnership will address issues related to user-level security, authentication, verification, and authorization of user data. It combines Decentralized Identifiers with Public Key Infrastructure and blockchains to deliver unmatched security at affordable price points. The integration of the Hypersign protocol into the Asva ecosystem will eliminate data breaches, empower individuals to regain control of their personal data, and democratize security on Asva Finance. It will initiate a new set of privacy functionalities on Asva Finance that will enhance the appeal of their interoperable dashboard while building transparency and reliability in the user experience.
Integration with Asva Finance will be a major step in their journey towards the mainstreaming of decentralized finance.
“Asva Finance aims to break financial, geographical, and authoritative barriers to advanced DeFi use cases through cross-chain functionalities. Hypersign integration will equip us to offer unparalleled security and privacy, the key highlights that set apart our application, to users. We look forward to seeing how the partnership evolves to inspire people to take their dive into DeFi with confidence.”
– Mallikarjuna Naidu, CEO of Asva Labs.
“We love so many things that Asva Finance is doing. Building a cross-chain money market that has the features and functionalities of the traditional market, while also bridging the distance between the old and the new, and laying the foundation for mass adoption of DeFi. We are curious to see what we can do together with a product with such a mass appeal and potential.”
-Irfan Khan, Co-founder of Hypermine Labs
About Hypersign
Hypersign is a simple-to-use authentication and security solution that secures user data by combining Public Key Infrastructure with Blockchain. It’s a product of Hypermine Labs, an avant-garde technology and research organization that is dedicated to building trust and transparency in the real world.
About Asva Labs
The world’s pioneer platform to fuel interoperable applications for DeFi, NFT, and the metaverse, Asva Labs leverages Web3 blockchain technologies to pave the way for an interactive decentralized ecosystem. We address the existing limitations of the industry through cross-chain interoperable apps that flaunt remarkable scalability.
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