Okto Wallet teams up with AggLayer to help cross-chain transactions

Okto has introduced that its Okto Pockets will now assist AggLayer, a cross-chain settlement resolution developed in collaboration with Polygon Labs.

The partnership, unveiled on the Aggregation Summit and shared with crypto.information, goals to simplify customers’ interactions with varied blockchain networks, making decentralized finance extra accessible with out the necessity for technical information.

The AggLayer resolution allows blockchain networks to speak and work together, addressing one of many key challenges of DeFi: chain interoperability.

By integrating with AggLayer, Okto Pockets permits customers to transact throughout a number of blockchain networks via a single interface.

This implies customers do not must navigate every blockchain individually, simplifying the expertise.

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Chain abstraction stack

Okto can also be introducing a Chain Abstraction Stack, which incorporates the Okto App Chain, a customizable blockchain resolution constructed with Polygon’s Chain Improvement Equipment. This stack is designed to assist builders create decentralized functions with out the necessity for in depth blockchain experience.

By providing instruments that simplify the complexities of blockchain, Okto goals to increase the DeFi ecosystem and doubtlessly attain a broader viewers.

Okto’s integration with AggLayer marks a step towards “chain abstraction” – hiding the technical variations between blockchains to allow seamless consumer interactions with DeFi.

This collaboration might make decentralized finance extra accessible to thousands and thousands, paving the best way for a extra interconnected blockchain surroundings.

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