ZUG, April 6, 2021 — The Occam Affiliation is happy to disclose the launch of the first-ever Ethereum-to-Cardano cross-chain liquidity bridge, developed as a part of the OccamRazer decentralized launchpad.
OccamRazer supplies alternatives for initiatives constructing on Cardano to lift capital by preliminary DEX choices powered by decentralized liquidity swimming pools. Occam’s cross-chain bridge is important to offering sufficient liquidity to those swimming pools, which can allow Ethereum customers to fund initiatives constructing on the Cardano blockchain and seamlessly transfer liquidity from Ethereum to the Cardano ecosystem.
Initiatives launching by OccamRazer will be capable to make use of this cross-chain bridge, giving initiatives planning to launch on Cardano entry to Ethereum’s consumer base and liquidity.
Cross-chain bridges are items of sensible contract logic that work towards the interchain wrapping of property — tethering an asset on one blockchain to the worth of an identical asset deployed on one other. Examples of cross-chain bridges are many and range amongst present blockchain protocols, probably the most distinguished of which is Wrapped Bitcoin (wBTC), an Ethereum token tethered to the worth of Bitcoin (BTC), a shared initiative between BitGo, Republic protocol and Kyber community.
Upon releasing its multi-asset and native token capabilities by the Mary arduous fork, Cardano is now poised for enormous inflows of capital. Nevertheless, no cross-chain liquidity bridge but exists for the Cardano blockchain, setting limitations to how a lot capital will stay on-chain within the protocol’s early forays into decentralized finance.
Mark Berger, president of the Occam Affiliation, stated:
“By means of the Occam.fi cross-chain bridge, liquidity and worth could be seamlessly moved onto the Cardano blockchain and its related initiatives by collateralization by Ethereum on-chain liquidity. We consider this answer will generate liquidity and publicity for Cardano initiatives throughout the sizeable Ethereum DeFi neighborhood, permitting funds to movement simply to initiatives on Cardano.”
To assist the Occam ecosystem, the OCC token can even be launched. OCC tokens will permit entry to premium liquidity swimming pools whereas additionally fueling steady ecosystem diversification, a function the place OCC token stakers are repeatedly rewarded by way of liquidity mining applications.
This function alone, distinctive to Occam.fi, will open a cascade of reward-generating alternatives for each token holders and ecosystem contributors, guaranteeing Occam.fi turns into a thriving, self-sustaining and affluent ecosystem.
Observe Occam.fi’s social media channels to remain updated with the most recent information:
The Occam.fi ecosystem is managed and maintained by the Occam Affiliation, a Switzerland-based entity working from the crypto-friendly Canton of Zug. When the Occam.fi ecosystem grows sufficiently, Occam.fi might be ruled and steered by a fastidiously designed decentralized autonomous group. Occam.fi is the primary decentralized launchpad designed for the Cardano ecosystem, constructed with experience and care from a veteran crew of blockchain entrepreneurs and professionals. Study extra on www.occam.fi.
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