Multichain Protocol ZeroSwap To Bring Zero-Fee DeFi & DEX Aggregation On Elrond Mainnet
We’re happy to announce that ZeroSwap will integrate with the Elrond blockchain. ZeroSwap is a multi-chain protocol that aggregates DEX liquidity and enables zero-fee transactions for DeFi products such as liquidity pools, while rewarding its users.
Our collaboration will initially focus on interoperability between the two protocols with the goal of enabling DEX integrations. ZeroSwap users will be able to easily switch between blockchains and take advantage of Elrond’s high throughput and low latency for engaging in asset trading, with more DeFi products such as liquidity pools, DeFi Token Offerings, and others on the horizon.
Future research will consider Elrond’s capabilities such as relayed transactions, upgradable Smart Contracts, inexpensive token transfers, 30% royalties for SC owners, and other relevant features that can further contribute to ZeroSwap’s development.
“Elrond and ZeroSwap share the mission of commoditizing access to decentralized financial instruments. Our collaboration will bring us closer to our common goal while building more DeFi functionality into Elrond” said Beniamin Mincu, Elrond CEO.
ZeroSwap is a Multi-Chain protocol with Liquidity Mining, DeFi Token Offering, and DEX Aggregation. The protocol will reward users every time they make an on-chain trade and provide liquidity to existing DEXes. All transactions will be Gasless with Zero Trade Fee.
“It is amazing to discover how many of Elrond’s native capabilities are a perfect fit for DeFi. We’re excited to start this collaboration ahead of what will inevitably be a stampede of mainstream users flocking to easy to use & inexpensive DeFi products.” said Chandrashekar Ram, ZeroSwap CEO.
The collaboration brings an innovative protocol into the Elrond ecosystem and gives eGold holders access to more DeFi products, while also showcasing Elrond’s technical capabilities to a broader audience of potential adopters and users.
Elrond is a new blockchain architecture, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
ZeroSwap is a multi-chain protocol for liquidity mining, market making, DeFi Token Offering, and DEX Aggregation. The decentralized platform provides all of these services at zero cost with gasless transactions to the users that are enabled by transaction fee mining.
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