Telos Integrates Portal DeFi to Expand Cross-Chain Trading Opportunities
Telos, a growing network of networks (Layer 0) enabling Zero Knowledge technology, announced a new integration with Portal DeFi, the world’s first Bitcoin Layer 2 AMM. The collaboration will see the integration of Telos' native token, $TLOS, into Portal DEX, allowing users to trade it against native BTC and BTC-native assets with just one click. Leveraging atomic swaps, this integration ensures trustless transactions that involve no bridges, custody or wrapping.
“We are thrilled to announce our strategic collaboration with Portal DeFi, a trustless liquidity router. This collaboration marks a significant milestone in our journey towards seamless chain connectivity. Together, we’re bridging the gaps between diverse networks, enabling a more unified and accessible blockchain ecosystem. Our combined efforts will empower users with greater flexibility, enhanced security, and expanded opportunities across platforms." - Justin Giudici, Chief Strategy Officer of Telos
This opens the possibility to integrate the Portal Swaps SDK into their wallets, bridges, and DEXs to facilitate cross-chain and cross-layer trading of native Telos assets with native BTC, ETH, and other assets, all within the safety of their ecosystem. This move not only expands the trading options for Telos users but also reinforces the platform’s commitment to providing a seamless and secure trading environment.
Through this partnership the Telos community stands to benefit from the growing number of new assets available on the Portal DEX Network such as Ordinals, Runes, and BRC20s .Using Portal, Telos users can diversify their portfolios and explore new investment opportunities effortlessly, using the safest swaps protocol ever created.
“Collaborating with Telos is another step toward democratising access to financial freedom through Bitcoin . The integration of our Swaps SDK into Telos core infrastructure amplifies the platform’s core offering, bringing users unparalleled access to a wide spectrum of native BTC assets, safely and with a single click.” - said Dr. Chandra Duggirala, CEO & Co-Founder of Portal.
About Portal DeFi
Portal, conceived by a team of veteran Bitcoin and AI engineers, is dedicated to empowering financial self-sovereignty. The Portal Cross-Chain DEX Network is designed to match the speed, liquidity and user experience of centralized exchanges while eliminating the inherent custody risks of bridges and CEXs. Portal is backed by Coinbase Ventures, Arrington Capital, OKX Ventures, Gate.io and many other prominent investors. For more information, visit https://portaldefi.com, X (Twitter), Discord, Medium and Telegram
About Telos
Telos is a growing network of networks (Layer 0) enabling Zero Knowledge technology for ultimate scalability and privacy to support all industries and applications. The expanding Telos ecosystem includes over 1.2 million accounts, hundreds of partners, and numerous dApps. Launched in 2018 Telos is known for its impeccable five-year record of zero downtime and is home to the world’s fastest Ethereum Virtual Machine, the Telos EVM. Telos is positioned to lead enterprise adoption into the world of borderless Web3 technology and decentralized solutions. For more information, visit: https://www.telos.net/, X (Twitter), Discord, and Telegram
