Blueshift & Multichain Partnership
Blueshift & Multichain partnership is exciting for Algorand & Kava as it allows for new channels liquidity can move into ecosystems.
With the recent launch of the Blueshift DEX to Algorand/Milkomeda (A1) and the upcoming deployment on Kava. They are also taking their collaboration with Multichain to the next level.
Multichain is a cross-chain router protocol with its branded portfolio pools on Blueshift, providing A1 users. Kava users and the ecosystem at large with liquidity and tokens from other chains. While users on Cardano/Milkomeda (C1) have already benefited from this collaboration. It is time to engage with the Algorand and Kava ecosystems.
It has been a great partnership working with Multichain since the creation of DEX to help users move their liquidity across chains. Giving them exposure to new tokens and projects.
Blueshift and Multichain present a Stablecoin Index on Milkomeda A1 Algorand: Stablecoin Index (multiUSDT, multiUSDC, multiBUSD). And on Kava they will have multiUSDC, multiUSDT, multiDAI, multiETH and multiWBTC provided on the DEX.
Born as Anyswap on July 20th, 2020, Multichain is positioned as a decentralized cross-chain router. To address the clear need for distinct and diverse blockchains to communicate with one another.
Multichain promotes interoperability across different networks and actualizes smooth asset and value transfers as a cross-chain architecture. In addition, Multichain also powers the seamless data or message transmission across chains by anyCall, enabling the building of cross-chain Dapps.
Multichain is the leader in the cross-chain sector, with a constantly growing family of EVM and non-EVM chains (currently 73) and deployed bridges (currently 3,000+). Multichain, working hard to push the boundary of multi-chain, envisions to be the ultimate router for Web3.
Blueshift is a leading, cutting-edge decentralized exchange built on Milkomeda with multichain capabilities. It can allow for cross-chain movement of liquidity, efficient swaps and unique portfolio pools, single token liquidity provisioning and a simple and fast user experience.
The unique setup of portfolio pools allows Blueshift to create groups of tokens rather than pairs of tokens for its automated market maker. In addition, portfolio pools allow for high capital efficiency when performing swaps. With more liquidity available for a swap, there is less slippage. Low slippage and low impermanent loss are possible as the DEX uses virtual pairs, where an optimal amount of liquidity can be used to form the swap.
The portfolio itself acts as an indicator of the performance of that particular portfolio type across an ecosystem, with its total locked value going up and down with the market price fluctuations.