Jumbo Strategic Partnership with Allbridge

Jumbo Exchange announced its partnership with Allbridge to bring even more cross-chain liquidity into the NEAR ecosystem.

With the recent launch of Jumbo and the astonishing traction that they have gotten, there is still room for even more assets and liquidity to be added. This is where the partnership with Allbridge comes into play.

Allbridge will be of great help in creating a cross-chain environment between various networks and aid in providing a more diverse set of assets to Jumbo! Currently, Allbridge represents one of the most comprehensive liquidity bridges on the market, covering the most popular blockchains and enabling unprecedented ease with which one can interoperate between networks. Allbridge is famous for its involvement in transferring more than 1.5B worth of assets from and to Solana, Terra, Ethereum, BNB Chain, CELO, Fantom, Polygon, and Avalanche.

How will this partnership influence the current state of affairs on Jumbo?

Firstly, Allbridge will enable Jumbo to list migrated assets from other chains.

• This will help in diversifying the list and increasing the general exposure of both the NEAR ecosystem as a whole and specifically Jumbo Exchange. Those migrated assets will further be maintained and supported to provide a tangible benefit to the users in the form of substantial APYs and incentivization.

Secondly, ABR (Allbridge’s native token) will also be exclusively listed on Jumbo Exchange!

• They will be supporting ABR and respective pools with enough liquidity for your to trade on.

What’s Next?

Partnership with Allbridge marks the beginning of the next milestone for Jumbo Exchange and will pave the way for even more outreach and assets available on the platform. They are planning to further improve the overall experience of the users and fix the issues reported by the early adopters.

Jumbo Exchange is hardly working to deliver Farming in the next couple of weeks!

About Jumbo Exchange

Jumbo is an AMM DEX that offers a cheap, seamless, and unfettered way for anyone to trade on! The most Intuitive DeFi experience you will ever have.

• Instantaneous Swaps
• Highest Yields and Seamless Pool Transition
• Permissionless Liquidity Pools

About Allbridge

Allbridge is a simple, modern, and reliable way to transfer assets between different networks. It is a bridge between both EVM and non-EVM compatible blockchains, that aims to cover L2 solutions and NFT transfers in the future.

Allbridge’s mission is to make the blockchain world borderless and provide a tool to freely move assets between various blockchains.

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