ELROND ASSETS WILL BECOME AVAILABLE IN THE MULTI-CHAIN AMM DEX DFYN.
Decentralized Finance is steadily outgrowing the experimentation phase and moving into real-world adoption. The growth boundaries are thus shifting from product-specific capabilities, such as the ability to operate as designed and generate yield, to platform-specific attributes, such as transaction speed and cost or the number of adopters. As a result, opportunities are becoming increasingly fragmented, as projects looking to expand and interoperate struggle to grow beyond their initial platform, on one hand. On the other, DeFi users engaging with products on different blockchains have to deal with increased complexity. Elrond assets will be available in the Dfyn multi-chain AMM DEX, which connects to multiple Layer 1 & 2 platforms to address liquidity fragmentation.
About Elrond
Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
About DFyn
Dfyn is a multi-chain AMM DEX currently functional on the Polygon network. Dfyn nodes on various chains act as liquidity entry and exit points into the cross-chain liquidity super mesh that is being enabled by Router Protocol.
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