InterSwap is Integrating with LayerZero

We are thrilled to announce that InterSwap is integrating the LayerZero network to facilitate seamless swaps across chains. This is our first step towards creating a truly decentralized AMM with unified liquidity.

InterSwap is an omnichain automated market maker (AMM) that allows users to swap assets across chains in a trustless way.

AMMs are arguably one of DeFi's greatest innovations. They're the underlying technology that facilitates token swaps and other forms of trade on decentralized exchanges (DEX). Even so, most of the existing cross-chain DEXes rely on intermediaries to facilitate cross-chain transactions. Layer Zero solves this problem with a Trustless Valid Delivery - which uses a single one-swap transaction between chains without involving any trusted middle entity.

Historically, cross-chain DEXes rely on intermediaries like intermediate chain/token, bridge, and synthetic or wrapped assets, which are weak links for DeFi attacks. And, as much as intermediaries have benefited traders and DEX protocols, they equally threaten the safety of user funds. Besides that, cross-chain transactions are time-consuming and take a lot of effort on centralized exchanges.

Our decision to integrate with LayerZero is driven by our commitment to solve the listed problems and create a superior cross-chain exchange system. InterSwap will minimize risks by relying on the LayerZero network's formidable risk-sharding approach.

Integrating with LayerZero

LayerZero Labs has established itself as a leader in the field of omnichain interoperability in the DeFi space. With funding from top venture funds like Sequoia Capital, Andreessen, and Binance Labs, they are the first team to create trustlessly-enabled generic messaging across chains.

A key benefit of LayerZero is the communication protocol that provides trustless valid delivery. Essentially, the communication protocol guarantees cross-chain token swap by ensuring that all messages sent via a network are associated with a transaction on the sender-side chain and vice versa. It saves users time and cost when interacting with dApps and DEXs. Also, it opens a gateway for developers to unlock the possibilities of DeFi and NFTs without treating chains differently.

Another primary benefit of LayerZero is that it offers enterprise-grade security. The protocol leverages the security properties of Chainlink , with an extra layer of protection via the open relay system. This means that even the worst-case security of this new network still reduces to being as strong as an oracle. It's a duo-security layer for the network - Oracle and Relayer.

LayerZero currently facilitates cross-chain messages across Thirty chains: Fantom, Ethereum, Optimism, BSC, Avalanche, Polygon, Arbitrum, OKX, Metis, Fuse, CoreDAO, Swimmer, DeFi Kingdoms, Moonbeam, Klaytn, IntainHarmony and Aptos. LayerZero's solid infrastructure, alongside other future integrations, will enable InterSwap to develop the most capital-efficient cross-chain AMM and automated cross-chain portfolio manager.

InterSwap is Bringing Adoption to LayerZero

Essentially, InterSwap is bringing user adoption of LayerZero's cross-chain generic messaging protocol. By leveraging their network, our users can swap tokens in minutes on permissionless cross-chain liquidity pools with no centralized authority or intermediary. This will increase the adoption of LayerZero's network across the DeFi ecosystem and web3 at large.

So, as InterSwap evolves and attracts more users, so will LayerZero's network adoption spread through web3. And we are even more excited about building a next-generation Omnichain AMM that will herald a cross-chain revolution on LayerZero.

About Interswap

InterSwap is an omnichain AMM with unified liquidity built on top of LayerZero Network. InterSwap offers unified transactions across the chains permissionless cross-chain pool creation with a few clicks.

Twitter | Discord | Telegram | Substack | Website

Subscribe to Interswap
Receive the latest updates directly to your inbox.
Mint this entry as an NFT to add it to your collection.
Verification
This entry has been permanently stored onchain and signed by its creator.