Li.Finance Expands To Gnosis

Li.Finance expands interoperability to Gnosis.

Originally known as xDai chain when it launched in October 2018, Gnosis rebranded to its current name in December 2021 after a merger with the team behind the Gnosis Protocol. To date, Gnosis boasts a TVL of $145 million, and has been integrated by some of the biggest DEXs in DeFi and used as the platform for some of the most innovative crypto projects. Li.Fi is proud to be the aggregator of bridges between Gnosis chain and the wider ecosystem for all dApp developers.

Gnosis is supported by DeFi powerhouses such as Honeyswap, SushiSwap,and Curve. DEXs allow users to swap tokens across multiple chains for things as simple as making purchases or as advanced as providing liquidity to decentralized protocols. Sushiswap alone has a TVL of over $2 billion, and benefits greatly from allowing users to swap stable tokens like xDai, which hold firm against market fluctuations and volatility.

Because Li.Fi supports bridging to Gnosis as well, those same benefits are available to all Li.Fi users right now.

About Gnosis

Gnosis is an EVM-compatible sidechain designed for high-speed, low-cost transactions. Its popular native stable token xDai is ideal for payments in the crypto industry, and its permissionless delegated PoS validation mechanism makes it more cost and energy-efficient than Ethereum mainnet.

About Li.Fi

Li.Fi is a cross-chain bridge aggregation protocol that supports any-2-any swaps by aggregating bridges and connecting them to DEXes and DEX aggregators.

📰 INFO

https://blog.li.finance/explore-gnosis-by-swapping-with-li-finance-a59c606c37e3