We’re excited to announce that Avault has integrated with LayerZero to build an omnichain yield platform lowering the threshold for users to use Web 3.0 DeFi Dapps.
This integration allows Avault to realize omnichain interoperability thereby simplifying the process of cross-chain transactions and asset engagement for all end users. Avaults users only need to hold one asset on a single chain to interact with DeFi applications on other chains, truly realizing cross-chain compounding, staking, lending, etc with one click.
Additionally, Avault’s native tokens will directly communicate across multiple chains by leveraging LayerZero’s transport layer without the security risks or UX compromises of middle chain consensus or wrapped asset smart contracts and bridging. This ensures no slippage for users on all supported chains.
Avault: The First Omnichain Yield Platform
Avault is a one-stop omnichain yield platform that aims to lower the threshold for users to use Web 3.0 DeFi Dapps. Avault’s users only need to hold one asset on one chain supported by Avault to interact with DeFi applications on other chains, truly realizing cross-chain compounding, staking, lending, etc with one click.
At present, most Defi projects require users to finish the cross-chain by themselves. Avault will help users to achieve a one-click cross-chain without preparing target-chain assets and wallet. To make users’ investment behaviors simple and easy to operate, they only need to choose the chain and dapp they want to go to, and they don’t need to consider the steps behind the cross-chain and switch between different networks and pages, realizing senseless cross-chain operation.
For instance, before Avault came out, users that wanted to gain the yield on chain B’s dapp from chain A had no choice but to struggle through some horrible experiences like:
- Convoluted 20+ click multi-transaction bridging procedures
- Bouncing between multiple UIs to do a single swap
- Taking on counter-party risk by holding third-party wrapped tokens
- Juggling gas fees from two chains, in two tokens, on two token standards
About Avault
Avault is a one-stop omnichain yield platform that aims to lower the threshold for users to use Web 3.0 DeFi Dapps. Users who hold one asset on one chain will be able to interact with Dapps on other chains in one click to complete cross-chain compounding, staking, lending, copy-trading, etc.
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About LayerZero
LayerZero is an omnichain interoperability protocol that allows dApps to build across multiple blockchains in a trustless, efficient manner. LayerZero connects dApps across chains using on-chain Ultra Light Nodes, which achieve the security of a light node with the cost-effectiveness of a middle-chain. Using the protocol, developers can turn their dapps into omnichain-applications using a single, simple interface.
For more information visit: https://layerzero.network.
