Connext Archives - Smart Liquidity Research

PLEXUS integrates with Connext

Mische Martinete — Fri, 28 Jul 2023 07:43:53 +0000

PLEXUS integrates with Connext to enable Trust-minimized Crosschain Transactions. Fast and secure transactions are now possible through PLEXUS Exchange’s integration of Connext.

PLEXUS is a cross-chain aggregator that enables users to manage assets issued from various blockchains from one interface. PLEXUS Swaps allow users to move from any token and any chain to any other token and chain combination.

Why integrate Connext?

Connext is the fundamental execution layer in the web3 stack. By integrating Connext, PLEXUS gains access to cutting-edge technology for modular interoperability within the stack.

A core component of the Connext cross-chain protocol is to provide security by design.

Connext’s cross-chain protocol prioritizes security and trust-minimization, allowing PLEXUS users to perform secure cross-chain transactions. With Connext’s reliance on canonical bridges, PLEXUS users can significantly reduce the number of trust assumptions while benefiting from fast and cost-efficient transactions across chains.

PLEXUS has successfully integrated the Connext bridge, a pivotal solution for facilitating optimal cross-chain asset exchange. This decision stems from its unparalleled speed and remarkably cost-effective efficiency in specific asset exchange domains, surpassing other cross-chain bridge solutions. Recognizing the paramount importance of achieving the ultimate cross-chain asset exchange, PLEXUS has embraced the Connext bridge as an indispensable component. — PLEXUS team.

Paving the Way for a Multichain Future

As the most scalable, secure, and capital-efficient solution for cross-chain asset and data transfers, the Connext protocol adds secure cross-chain capabilities to PLEXUS’s protocol. Connext’s network continues to grow with more routers and liquidity providers joining, expanding horizontally across different chains, and supporting additional assets. These enhancements further improve the user experience for dApps integrated with Connext, amplifying its impact and potential for a multichain future.

ABOUT PLEXUS

PLEXUS is a cross-chain DEX aggregator. It guarantees the fastest, the cheapest and the most secure multi step swaps across all blockchain networks and bridges with a single transaction.

Website |Twitter

ABOUT CONNEXT NETWORK

Connext is a network for fast, trustless communication between chains and rollups. It is the only interoperability system of its type that does this cheaply and quickly without introducing any new trust assumptions. Connext is aimed at developers who are looking to build bridges and other natively cross-chain applications. To date, over $1.5b in transactions have crossed the network.

Website | Twitter

RESOURCES

Connext Network

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Connext Collaboration with OptyFi

xyla — Wed, 21 Jun 2023 07:56:44 +0000

Connext Collaboration with OptyFi, a powerful AI Engine scans thousands of liquidity pools across multiple chains.

Consider, for instance, a user seeking to maximize yield on a liquid staked Gnosis token (sGNO, offered by Stakewise). As Connext announced their Collaboration with OptyFi,

The process is now rather convoluted: the user is required to transfer their funds to the Gnosis Chain using a bridge, then acquire gas tokens (GNO), followed by swapping their existing asset for mGNO. Following this step, they had to provide liquidity for mGNO/GNO on an Automated Market Maker (AMM), and with the obtained LP tokens, they could finally mint sGNO.

After the integration, it will be as simple as a one-click activity, where users pick the tokens they possess, irrespective of the chain they are on, to finance the OptyFi vault.

Connext and OptyFi hide the intricate process of bridging, swapping, and staking, delivering a user experience that is both seamless and devoid of friction — truly accessible to everyone.

About Connext

Connext is a crosschain messaging protocol that enables secure communication between chains and rollups. It’s the only developer-focused solution that offers cost-effective interoperability without introducing new trust assumptions. Its network has successfully facilitated over $2 billion in transactions. There are already over 35 projects building on or contributing to Connext, and that number is growing rapidly.

Website | Twitter

About OptyFi

OptyFi’s powerful AI Engine scans thousands of liquidity pools across multiple chains. Your assets are continuously shifted to most profitable strategies.

Website | Twitter

SOURCE: MEDIUM

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Connext new Integration with Keep3r

Eris — Fri, 15 Jul 2022 17:50:42 +0000

Connext is thrilled to share its new integration with Keep3r and its partner Wonderland that have been working in the past weeks to upgrade their V2 infrastructure, and securely bring it on multiple chains.

What is Keep3r?

Keep3r is a decentralized develops platform that allows to run scripts in a decentralized way, and reward bots that perform maintenance tasks for other blockchain projects, such as oracles, liquidations and strategies, in a secure way.
Notable projects they work with are Yearn and Maker.

The protocol has partnered with Wonderland, an activist investment fund that selects the best projects in Defi and actively develops them to make them better.

Keep3r Goes Multichain

The idea of the Wonderland team was to bring the Keep3r services to other chains, starting from Polygon, Optimism and Fantom.

As this process requires the ability to bridge tokens and data (to know how much is the job’s liquidity worth. And how much a keeper needs to be paid and incentivized with. They started to look for a decentralized, fast, and reliable solution to work with.

The general goal is to be able to bring a Uniswap V3 TWAP across any chain in a secure and trust minimized way, together with other liquidity tokens (kLP) and protocol tokens (KP3R).

Working with Connext

The Wonderland team has decided to use Connext for its security model (Connext relies on the optimistic messaging protocol Nomad) and the ease of integration.

The xcalls that the Connext API allows are easy to integrate and deploy. As Connext handles the infrastructure part and projects don’t have to assume interoperability risks.

NGNDev, Wonderland team member, explained: “Working with Connext and their team has been a great experience thanks to the frictionless ability to execute permissionless and permissioned crosschain calls, and the full support from the integration team. We wanted to avoid using Oracles on other chains, and Connext provides the most trust minimized solution in the space and is perfect for this use case”.

About Keep3r

Keep3r is a job matching network for Job posters looking for “Keepers” to do tasks for them. And together with an incentive mechanism for all the parties involved.

Website | Twitter

About Wonderland

Wonderland is an activist fund that uses the development skills of its members to build and improve DeFi projects.

Website | Twitter

About Connext

Connext is a network for fast, trustless communication between chains and rollups. It is the only interoperability system of its type that does this cheaply. And also quickly without introducing any new trust assumptions. Connext is aimed at developers who are looking to build bridges and other natively cross-chain applications. To date, over $1.5b in transactions have crossed the network.

Website | Twitter

SOURCE: CONNEXT BLOG

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LasMeta Announces Collaboration with Connext

Peter Chijioke — Wed, 13 Jul 2022 16:42:22 +0000

LasMeta is excited and proud to announce its integration with Connext, an Ethereum based interoperable platform.

Project Introduction

Connext works through the Noncustodial Xchain Transfer Protocol (NXTP) for its cross-chain transfer without depending on any external validator. The NXTP model consists of a locking pattern, off-chain routers, and SDK. The locking pattern prepares a transaction and fulfills it; the off-chain router passes call-data between chains, and the SDK prompts an on-chain transaction.

C o n n e x t is an Ethereum based interoperability system that is highly capital efficient and truly trust-minimized. No other Ethereum based interoperable system has this advantage that they have.

Connext is a protocol that is easy to use on any Ethereum Virtual Machine compatible chain. It also supports non-EVM compatible chains though it requires rewriting the transaction and porting the contract.

What will this partnership bring to LasMeta?

Along with the infrastructure integration works LasMeta will carry out, LasMeta aims to offer its users the opportunity to trade more easily and to be in an easier and accessible place for all users, to provide the best conditions for decentralization.

Especially, game platform users will be able to access LasMeta tokens whenever they want, without having to leave the game, thanks to Connext “any to any” swap by connecting their wallets.

In addition, LasMeta continues on its way with strong steps to increase its brand value with the support of the members of Connext community.

About Connext

Connext is an Ethereum based interoperable platform that connects Ethereum Virtual Machine (EVM) compatible chains and layer 2 solutions. Connext achieves its function without the use of a new external validator.

Website | Twitter

About LasMeta

A play-to-earn poker game platform, built on the basis of blockchain and Virtual Reality (VR), where you can participate in games and tournaments completely free of charge. You can have your own casino and host tournaments or have priority and opportunities by owning valuable NFTs!

Website | Twitter

SOURCE

https://lasmetaio.medium.com/lasmeta-collaborates-with-connext-1eb34137a963

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Connext Ecosystem #1: Stakeall Finance

Lida Dinnero — Tue, 21 Jun 2022 15:59:56 +0000

Connext Ecosystem #1: Stakeall Finance, fully decentralized non-custodial DeFi platform focused on building DeFi strategies.

DeFi strategies are basically a series of DeFi actions that are wrapping in a single transaction.

These innovative DeFi strategies open a new gateway for users to participate in DeFi with:

Better returns — help in providing a higher yield
Minimal opportunity cost
Great staking experience

A Brief History

Just like many other leading DeFi protocols; Stakeall is a platform that’s been started being developed at a hackathon back in June 2021; Hack Money of ETHGlobal and awarded as one of the finalists.

After extensive development and receiving grants from Connext Network and Aave, Stakeall launched its Beta version in December 2021.

Mainnet Protocols of Connext Ecosystem #1: Stakeall Finance

Stakeall Finance went live on Mainnet in April 2022 with the integrations of 6 different protocols:

1inch Protocol: With 1inch integration, users can buy staking tokens using decentralized applications in one go.
AAVE Protocol: With AAVE integration, users can borrow assets for staking in a single transaction.
PoLido Protocol: PoLido is integrated for liquid staking for MATIC tokens. Users can bridge stMatic tokens to the Polygon Network.
Graph Protocol: With Graph integration, Users can delegate GRT tokens to indexers.
Polygon: Users can directly stake MATIC tokens to validators in the Polygon ecosystem.
Connext Network: With Connext integration, users can perform cross-chain staking by transferring assets from Polygon network.

Why Connext Network?

Security: Connext bridge and interoperability protocol have by far the most secure design among EVM compatible chains. The Connext architecture is based on smart contracts, and a process flow that prevents anyone from losing funds, or even worse, from getting them stolen.
Message passing: Unidirectional and bi-directional message passing.
Instant liquidity bridging and call data passing: This allows you to abstract the gas interface away from the user by letting the protocol call the function on the receiving chain.

About Stakeall Finance

Stakeall Finance, fully decentralized non-custodial DeFi platform focused on building DeFi strategies.

Website | Twitter

About Connext

Connext is a network for fast, trustless communication between chains and rollups. It is the only interoperability system of its type that does this cheaply and quickly without introducing any new trust assumptions. Connext aims at developers who are looking to build bridges and other natively cross-chain applications. To date, over $1.5b in transactions have crossed the network.

Website | Twitter

SOURCE:

https://connext.substack.com/p/connext-ecosystem-1-stakeall-finance

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