This new cross-chain bridge was created by MadFish in tight collaboration with Allbridge and audited by Cossack Labs.
This bridge was built for the purpose of moving liquidity to or from Tezos from other blockchains without having to sell assets or needing third parties such as CEXs.
Tezos is a self-upgradable and energy-efficient Proof-of-Stake blockchain with a proven track record of being fast, cheap, and popular among DeFi users and NFT artists.
Now, 16 blockchains are integrated with Tezos, bringing more liquidity to its ecosystem. At launch, the following tokens will be bridged to Tezos and available on QuipuSwap DEX: USDC from Polygon, BUSD from BNB Chain, and ABR tokens from 15 blockchains.
In the future, Allbridge will expand access to BTC, ETH, SOL, NEAR, AVAX, USDC, USDT, and many more tokens and stablecoins from other chains on Tezos.
With the aid of the new bridge, you may:
- Participate in Tezos projects with high APR farms for stablecoins, BTC, and other tokens
- Use lending protocols and other DeFi tools on Tezos
- Transfer funds more easily to participate in popular NFT marketplaces and be a part of a large Tezos NFT community
Read more about this cross-chain bridge to learn how it works and how to transfer tokens through it in this full review.
Dedicated high APR farms on QuipuSwap
Additionally, QuipuSwap is launching new farming programs with bridged tokens to celebrate this long-anticipated release. From now, users can join the following programs with up to 200% APR:
abBUSD / apUSDC / USDt
apUSDC / TEZ
abBUSD / TEZ
Pay attention: to start participating in farming programs on QuipuSwap, you have to provide liquidity of an appropriate token pair. Hurry up to be among the first members.
About Allbridge
Allbridge is a simple, modern, and reliable way to transfer assets between different networks. Over $6.3 billion worth of assets have been transferred through this bridge since its mainnet launch in July, and now it supports the movement of assets across 17 blockchains, including Ethereum, Solana, Klaytn, Harmony, and many others.
About QuipuSwap
QuipuSwap is an open-source protocol that provides an interface for the seamless decentralized exchange of Tezos-based Tokens, stable swaps with dividends, and farming features. Liquidity providers may earn fees from trading and baking rewards or receive rewards from staking tokens on farms. The QuipuSwap functionality was developed by the MadFish Team and audited by Least Authority and Runtime Verification.
Disclaimer
All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
