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Premia now supports Fantom

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Premia now supports Fantom to implement their initial cross-chain bridge aggregator.

Third Party Bridge Integration

With their Fantom launch, they have added support for Fantom to the third-party bridge on the Premia user interface. The goal of the “Swap & Bridge” feature on Premia is to help users obtain the assets they require, without leaving the site and opening yet another tab. (This is the same reason they allow users to swap on-site using their aggregator, allowing users to get the best price across DEX’s directly on Premia).

What are Bridge Risks?

  • Ethereum Mainnet → Fantom
  • Arbitrum → Ethereum Mainnet
  • Fantom → Ethereum Mainnet
  • Arbitrum → Fantom
  • Fantom → Arbitrum
  • And many other supported cross-chain paths

Bridging tokens from Ethereum Mainnet to Fantom will work just like their current Ethereum to Arbitrum bridge — no additional fees (gas fees only). But bridging tokens back from Fantom to Ethereum Mainnet will use Multichain’s router which takes 0.01% of the amount swapped as a fee, with a minimum fee of 80 DAI equivalent (0.02 ETH, 0.0013 WBTC, etc).

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About Premia

Premia’s automated options market enables best-in-class pricing based on realtime supply and demand, bringing fully-featured peer-to-pool trading and capital efficiency to DeFi options.

Key Premia innovations:‌
  • Market driven options pricing – Each pool on Premia takes into account the relative supply and demand of capital within that pool to ensure a market-clearing options price is reached. This ensures optimal pool utilization at fair prices.
  • Liquidity sensitive returns to LPs – Returns on liquidity (options premiums) are priced according to the supply/demand of capital in each pool. Larger demand means higher option prices, which translates to greater returns for LPs.
  • Granular liquidity provision – LPs have control over which markets they underwrite, as opposed to underwriting the entire volatility market. LPs can implement customized strategies to granularly provision their liquidity only to the pools (and options) they desire.
  • Self-incentivizing initial liquidity – The automated pool pricing mechanism incentivizes liquidity providers to enter a pool from the time it’s launched, to get the highest returns.
  • Dynamic Premia token rewards – Liquidity providers and PREMIA stakers accrue PREMIA tokens over time through our Liquidity Mining program and xPREMIA system, respectively. The amount rewarded depends on the size of their position and the length of the deposit. (Additionally, the amount of protocol fees generated determines the total size of rewards for PREMIA stakers).

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About Fantom

Fantom is a fast, scalable, and secure layer-1 EVM-compatible platform built on a permissionless aBFT consensus protocol. Speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world use-cases.

Website | Twitter

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SOURCE

https://blog.premia.finance/third-party-bridge-integration-and-explaining-bridge-risks-235589f1355e

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