ICONFi now Supports ERC20 ICX for the Ethereum DeFi Ecosystem
ICONFi announce that they are now supports the wrapping of ICX to an ERC20 version of ICX.
ICON Foundation has partnered with ICONFi to mint the first 50 million ERC20-based ICX tokens. This 50 million ERC20 ICX is fully collateralized by the same amount of ICX. As part of this partnership, they will actively seek out more integrations with Ethereum-based DeFi projects and explore various synergies to expand the growth and adoption of ICX and ICE ecosystems. They expect this offering to launch publicly in the next few days.
They are also excited for bridging services that will complement other wrapping solutions for ICX, including Orbit Bridge and the much anticipated upcoming launch of Nexus (our BTP service).
To make the swap on ICONFi, follow these simple steps:
- Deposit ICX to ICONFi choosing ICON Network.
- Withdraw ICX from ICONFi choosing Ethereum Network. A certain amount of fees will be charged for the gas fee.
About IconFi
Founded in August 2017, the ICON Foundation oversees the ICON project’s core activities which includes the promotion and development of the ICON protocol.
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