Ethena Taps LI.FI to Enable Cross-Chain Swaps on 14 Blockchains

Ethena, a outstanding artificial greenback protocol, has introduced the combination of Li.fi, a well known platform that provides cross-chain swap infrastructure and bridging companies. The collaboration is meant to streamline the process for the acquisition of the flagship governance -token of Ethena $ ena and the artificial greenback $ utilized in a number of blockchains. The platform unveiled this integration right into a current X put up.

Ethena integrates with Li.fi to broaden $ ena and broaden $ Usde’s entry by means of supported chains

Prior to now, shoppers who’re on the lookout for the conversion of belongings akin to $ dai, $ USDC and $ USDT in $ ena or $ used had a fragmented multi-step. This sophisticated process included many bridges and purposes. Nonetheless, Li.Fi’s latest integration makes this expertise seamless. With the recording of the cross-chain swap device from Li.fi, Ethena customers let totally different stablecoins change of fourteen supported chains with only one click on. They embody the exceptional gamers akin to arbitrum, optimism and Solana.

This simplified performance enhances the aim of Ethena to arrange a scalable and decentralized financial resolution. The flagship product $ Usde, works like an artificial greenback that makes use of a delta-held technique, considering $ sol, $ ETH and $ BTC, in addition to a reserve with liquid stablecoins akin to $ USDT and $ USDC.

Arrange user-friendly and related Defi panorama

In accordance with Ethena, the combination of Li.fi is powered by his dedication to make crypto-native cash accessible on a big scale. This striving eliminates the onboarding issues to unlock a broader participation within the Ethena ecosystem. Collectively, each entities result in a comparatively consumer-friendly and related defi-sector.