LayerZero, a decentralized cloud platform for Web3, has raised an impressive $120 million in funding, reaching a $3 billion valuation and earning the prestigious "Unicorn" status. This has drawn the crypto community's attention to the various protocols within the LayerZero ecosystem.
Interport Finance, our cutting-edge DeFi platform, is built on LayerZero.
We offer seamless interchain and single-chain transactions, providing optimal trading rates through integrated Meta DEX aggregation and, by avoiding unnecessary bridging of assets across chains.
What does Interport enable users to do?
- Consistently finds the best execution price on the chain
- Executes cross-chain swaps in a single transaction, e.g., 10 ETH on Ethereum to 19,000 USDT on Arbitrum (or any other tokens)
- Facilitates easy arbitrage between networks
- Addresses interchain liquidity issues effectively
- Provides a better and faster solution than regular bridges
Distinguishing Interport's Advantages and Innovations
We do not use traditional bridging methods like intermediary chains, burn and mint processes, wrapping, or lock and unlock mechanisms. Instead, we leverage LayerZero & Multichain technology to minimize traditional bridging disadvantages, offering users a seamless experience when swapping assets between different chains.
Exploring Interport's Key Features
We utilize LayerZero's cross-chain messaging with Stablecoin Vault, effectively eliminating the need for traditional bridges. Additionally, we integrate Meta DEX Aggregation to optimize trading rates by pooling liquidity from top DEXes and aggregators.
Cross-chain messaging allows for the transfer of data and swap commands across chains without the physical transfer of assets, streamlining interchain swaps without relying on intermediary chains, wrapped assets, or other bridging methods that often come with added fees and potential security risks.
The Stablecoin Vault supplies liquidity in stablecoins for all supported chains. When a user initiates an interchain swap, our smart contracts swap assets for stablecoins on the source chain and add them to the liquidity pool.
Concurrently, a cross-chain call is made to the contract on the destination chain with execution parameters. The contract on the destination chain then accesses stablecoins from the Interport liquidity pool, performs swaps, and sends the desired tokens to the user on the target chain.
By employing LayerZero & Multichain cross-chain messaging, the Stablecoin Vault, and Meta DEX Aggregation, we ensure a smooth and efficient user experience, minimizing the need for complex bridging processes and eliminating associated risks and fees.