Clover Finance Introduces Cross-Chain Framework
What Is Clover?
Clover Finance is a blockchain platform committed to providing an easy-to-use, one-stop comprehensive infrastructure platform, with the goal of reducing the threshold and cost for developers.
Clover is a parachain candidate built on Polkadot’s Substrate framework. It is able to provide a complete blockchain operating system.
Cross-chain Compatibility
Clover Finance has an easy-to-use multi chain wallet, which is now available with a Google Chrome extension, Mobile application, as well as a standalone Web Wallet.
The wallet supports many blockchains natively: Ethereum, Polkadot, Kusama, Binance Smart Chain, Avalanche, Fantom, and Solana. This allows DeFi users to seamlessly transact with the Clover extension wallet interface without the need to switch between wallets.
EVM Compatible Infrastructure
Clover has built an Ethereum Virtual Machine (EVM) compatible infrastructure so that existing dApps migrate from Ethereum and remove the problem of high transaction costs. Clover Finance has built an interoperable environment for various assets to seamlessly operate.
Relayers: Improving Cross-Chain UX
Clover has redesigned its networking layer to allow relayers. Relayers act on behalf of senders where relayers can cover gas price in the base currency, and receive compensation in the denominated asset.
Collab with Web3 Foundation
The Web3 Foundation funds research and development teams who are building the foundation of the decentralized web. Clover is collaborating closely with the Web3 Foundation through their Bootcamp and with many of the Polkadot parachain projects.
About Clover Finance
Clover Finance (CLV), is an infrastructure layer that started in May 2020, and its mainnet was launched in July 2021. It provides a one-stop, easy‑to‑use blockchain infrastructure and an ethereum virtual machine (EVM) compatible framework for Substrate‑based applications. Clover Finance focuses on driving improvement in the landscape of cross-chain compatibility and multi-chain wallets experiences.
➡️Source:
https://www.cryptodaily.co.uk/2021/10/clover-finance-cross-chain-compatibility
