ARMswap has launched the first version of its DeFi protocol to address inefficiencies in fragmented blockchain networks.
The solution focuses on optimized multi-directional cross-chain swaps and bridges within the growing Web3 ecosystem, including various layer-1 and layer-2 blockchains with unique algorithms.
The platform is set to launch its V1 in January 2025, supporting 31 blockchains with regular quarterly expansions. It has undergone security audits from Hashlock, ensuring user fund protection and efficient transactions. Future developments for the V2 release include integration with significant protocols like Chainlink, Axelar Network, LayerZero, and Wormhole. The upcoming V3 will introduce a framework for relayers and oracles, enhancing interoperability across Web3 networks.
The company’s CTO emphasized that the new platform tackles the long-standing issue of blockchain fragmentation, which has required users to use various decentralized exchanges (DEXs) and third-party bridges for basic cross-chain transactions. This solution aims to provide a more seamless and efficient user experience.
Additionally, ARMswap is launching its native utility token, ARMSP, on January 13, 2025, as part of a fair launch. A total of 400 million ARMSP tokens will be released from a maximum supply of 1.25 billion, with participants in the ARMswap MVP program receiving bonuses and rewards. After a 12-month vesting period, the token will be listed on major exchanges. It will also introduce a DeFi mobile app for iOS and Android in March 2025, enabling users to connect wallets, perform swaps, and participate in liquidity pools and rewards.
Meanwhile, Pillar Finance is transforming DeFi lending by addressing over-collateralization and liquidation risks. It is targeted at institutional participants and features single-borrower liquidity pools that enhance capital efficiency and mitigate liquidation risks. Key aspects include unsecured funding, real-time credit evaluations, and adaptive liquidity management, with borrowers receiving warnings to prevent defaults. Autonomous agents optimize liquidity and yields through brilliant contract execution based on market conditions.
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