Centrifuge Introduces Connector Mechanism To Integrate RWAs Into DeFi
New Tool Allows DeFi Enthusiasts To Inject Liquidity Into Centrifuge From Various Blockchains
Centrifuge, a flagship multi-chain DeFi protocol with a focus on real-world asset integration in Web3 economics, shares the details of its latest development.
Centrifuge Launches Centrifuge Connectors to Build Liquidity Bridges to Other Chains
According to the official announcement shared by the Centrifuge DeFi platform will launch Centrifuge Connectors, a cross-chain solution designed to bring RWAs into the DeFi sphere.
Introducing Centrifuge Connectors: A multi-chain hybrid solution to bring Real-World Assets from Centrifuge directly to any supported protocol.
We are launching with these three partners:
— Centrifuge ꩜ (@centrifuge) June 29, 2022
Centrifuge Connectors allow DeFi enthusiasts to seamlessly bridge the liquidity of different blockchains, eliminating the need for third-party integration.
Investors can inject money directly from their favorite blockchains without having to put reflection assets on the Centrifuge chain. It streamlines liquidity logistics and makes it more resource efficient.
Technically, a new solution works like a fork and a bridge at the same time. It promotes composition and simplifies on-chain governance for the global Web3 ecosystem.
Ava Labs, Moonbeam and Nomad are on board
Lucas Vogelsang, co-founder and CEO of Centrifuge, emphasized that the new release is backed by a group of the most advanced teams in the DeFi world:
Centrifuge believes in the multi-chain future of DeFi. Today we announce Centrifuge Connecters, a hybrid cross-chain solution that combines the speed and efficiency of a bridge with the native experience of a protocol fork. We are excited to pioneer this new concept with Avalanche, Moonbeam and Nomad as our inaugural partners – and are excited to bring Centrifuge resources into more DeFi protocols via connectors in the coming months.
Danny Organ, Nomad Marketing Lead, is confident that this solution is critical to the global adoption of blockchain in new segments:
In the multi-chain world, there are many new and useful cross-chain applications that require interoperability (including RWAs). That’s why we’re excited for Nomad to power connectors and help Centrifuge achieve its mission of bringing on-chain liquidity to RWAs.
As previously described by U.Today, Centrifuge created a multi-chain curve between heterogeneous protocols, including MakerDAO, Aave, Moonbeam, and Avalanche.
Centrifuge Connectors also enable users to deploy Centrifuge’s smart contracts on any EVM-compatible blockchain for maximum interoperability and accessibility.