Router Protocol Has Received A Grant From Terra
Router Protocol has received a grant from Terra to expand Router’s cross-chain liquidity infrastructure to Terra.
Router Protocol’s flagship product — Cross-Chain Liquidity Protocol XCLP — will soon be able to support Terra. This means users will be able to seamlessly migrate liquidity from chains like Ethereum, Avalanche, BSC and Polygon to and from the fast-growing Terra chain.
In the current DeFi landscape, users are faced with huge friction when switching liquidity from one chain to another, part of which can be attributed to weak bridging infrastructure that lacks proper testing or has insufficient liquidity to support most trades. Router Protocol is building infrastructure to enable secure, seamless messaging and communication across blockchains. With dozens of new blockchain networks entering the market, liquidity has been fragmented and inefficient. There are a number of projects trying to address the cross-chain connectivity puzzle in various ways, and Router Protocol is at the vanguard of this trend.
The Dfyn Network, Router Protocol’s sister project, also entered into a partnership with Terra earlier this summer and has since been incentivizing liquidity for Terra’s stablecoin product UST on Polygon. According to the latest data from the Dfyn.exchange the stablecoin currency has over $10 million in liquidity on our platform alone.
About Terra Money
Terra is a public blockchain built on the Cosmos SDK and Tendermint consensus that deploys an algorithmic stablecoin suite baked into the on-chain layer of the blockchain. Terra’s vision is to wield stablecoins as the conduit for the mass adoption of crypto applications, with fiat-pegged stablecoins maintaining their peg parity via an algorithmic model underpinning a thriving ecosystem of DeFi and mainstream-oriented applications.
About Router Protocol
Router Protocol is building a suite of cross-chain liquidity infra primitives that aims to seamlessly provide bridging infrastructure between current and emerging Layer 1 and Layer 2 blockchain solutions.
