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.

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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.

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By integrating the industry-leading decentralized oracle network, PLEXUS has access to high-quality, tamper-proof price feeds needed to Chainlink has significantly stabilized price impact calculations in PLEXUS cross-chain swaps. As Plexus Integrates Chainlink Price Feeds.

Their initial integration involves the use of the following Chainlink Price Feeds: Ethereum-based USDC. They chose Chainlink as their go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.

Chainlink Price Feeds

• High-Quality Data — Source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned of outliers and wash trading. Chainlink’s data aggregation model generates more precise global market prices. That are inherently resistant to inaccuracies or manipulation of any single or small set of exchanges.
• Secure Node Operators — Secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record of reliability, even during high gas prices and infrastructure outages.
• Decentralized Network —  Decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.
• Reputation System — Provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of node operators and oracle networks.

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About PLEXUS

PLEXUS is a revolutionary cross-chain aggregator service that enables seamless and cost-effective trading of tokens across different blockchain networks. With PLEXUS, users can easily and securely swap tokens across heterogeneous chains with a single confirmation, thanks to their innovative Theta algorithm that analyzes liquidity data from multiple chains to support the cheapest cross-chain transactions.

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About Chainlink

Chainlink is the industry-standard Web3 services platform. That has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network. Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data. And off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.

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SOURCE: MEDIUM

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