Flare Network to deploy AllianceBlock’s decentralized interoperability solutions

AllianceBlock, a project building compliant and data-driven products that enable institutions to access opportunities in decentralized finance, has today announced a new partnership with Flare Network, a platform bringing Turing-complete smart contracts to all native layer-1 blockchains. Closely aligned on their missions to build a more participatory economy that connects the traditional and decentralized finance…
Flare Network to deploy AllianceBlock’s decentralized interoperability solutions

AllianceBlock, a project building compliant and data-driven products that enable institutions to access opportunities in decentralized finance, has today announced a new partnership with Flare Network, a platform bringing Turing-complete smart contracts to all native layer-1 blockchains.

Closely aligned on their missions to build a more participatory economy that connects the traditional and decentralized finance worlds, the partnership will see a number of technical integrations that will support cross-chain swaps and increase liquidity across both networks.

Highlights

  • Flare will deploy AllianceBlock’s Compliance and Regulatory Layer, allowing it to incorporate new services including AllianceBlock’s Liquidity Mining as a Service (LMaaS), helping to increase the liquidity of its token and DEX services powered by AllianceBlock. Together, these services will deliver a full, end-to-end decentralized financial infrastructure for users of AllianceBlock and Flare Network.
  • Also, Flare will benefit from AllianceBlock’s decentralized peer-to-peer funding protocol, AllianceBlock Fundrs. Enabling smarter investment, lending, and borrowing in the decentralized finance space, Fundrs will contribute to the growth of the thriving Flare ecosystem by attracting additional DeFi players and capital for their on-chain projects. This follows a recent partnership with Graypes, who will also integrate Fundrs to facilitate a fast track to investment platform for users.
  • AllianceBlock Bridge, AllianceBlock’s decentralized interoperability solution will integrate Songbird, Flare’s Canary Network. This phase will establish cross-chain interoperability for both networks and lay the foundation for implementing our solutions later.
  • AllianceBlock DEX, AllianceBlock’s decentralized exchange which vastly reduces the risk of impermanent loss currently present in the industry by leveraging a newly designed automated market maker, will also be integrated with Songbird, helping to support cross-chain swaps and enable liquidity optimization across both networks.

“Here at AllianceBlock, we’re set on consistently building relationships with the most prominent blockchains in the industry and offering them solutions that can benefit not only their ecosystems, but the entire industry. This partnership is special for a variety of reasons, but I’m most excited for the deployment of our long-awaited DEX on Songbird, a scalable, low-carbon blockchain focussed on growing the DeFi industry in a sustainable, future-focused way.”


– AllianceBlock Co-Founder & CEO, Rachid Ajaja

Recently, AllianceBlock recently launched a new technical roadmap featuring a full eight-piece product suite including a decentralized interoperability solution, white label liquidity mining campaigns, and trustless user identification.

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
DeFi protocol TrueFi launches first non-stablecoin portfolio, with loans managed by WOO X
Read More

DeFi protocol TrueFi launches first non-stablecoin portfolio, with loans managed by WOO X

TrueFi to power WOO X's institutional services through decentralized loans to verified clients... Related News WOO Network, a cryptocurrency trading platform, today announced WOOFi, a new capital-efficient DEX powered by institutional hedging and market-making techniques. Since Spring of 2021, the WOOFi Swap proof of concept on BSC and Polygon... Read more TrustToken, the creators of…
Crypto self-storage platform AirGap now supports BTC SegWit addresses
Read More

Crypto self-storage platform AirGap now supports BTC SegWit addresses

AirGap, a self-custody bitcoin and crypto wallet with a storage application, announced today its latest release. In update v3.11.0, AirGap implemented support for SegWit for Bitcoin (BTC), improved secret import and entropy collection via dice rolls. Segregated Witness (SegWit) is an update to the Bitcoin protocol that modified the way data was stored in the…
South African-based Xago launches XEU stablecoin for EUR, joining XUS, XGB, USDC, XZR and XRP
Read More

South African-based Xago launches XEU stablecoin for EUR, joining XUS, XGB, USDC, XZR and XRP

Xago, a South Africa-based blockchain payment platform, announced today support for EUR with the launch of its latest stablecoin – XEU – backed 100% with fiat. XEU enables purchases, transfers, and payouts in euros, securely, compliantly, and within minutes. Recently, Xago also announced the launch of British Pounds, US Dollars, and USDC on its payment…
Crypto wallet Exodus integrates sports betting with SportX
Read More

Crypto wallet Exodus integrates sports betting with SportX

Exodus, a non-custodial cryptocurrency software platform, today announced its wholly-owned subsidiary, Proper Trust AG, entered into an agreement with SportX, a sports and crypto betting platform. Users of Exodus Wallet in approved jurisdictions can now access the services offered by SportX and place bets on a variety of sports and eSports using USDC. Running on…