Algomint is shaking up the world of blockchain finance with their latest innovation, the goBASKET on v2, just launched in April 2023. This breakthrough in blockchain interoperability is poised to transform the way investors worldwide can access bluechip assets.
Algomint goBASKET: https://basket.algomint.io/
Teaming up with Wormhole, a leading multi-chain interoperability network, Algomint will be wrapping assets such as BTC, WBTC, ETH, WETH, USDC, USDT and DAI into goBTC, goETH, and goUSD assets respectively, providing users with the benefits of Algorand’s speed, security, and cost efficiency while keeping the value of their original assets.
The goBASKET assets will be available for trading on decentralized exchanges, lending platforms and options vaults. This exciting development coincides with the launch of the Algorand DeFi rewards program, with a range of DeFi protocols such as PACT, AlgoFi, Humble, Tinyman, Folks Finance and AlgoRai offering incentivises to utilise their diverse, high-performance, and valuable services worldwide.
Algomint’s goBASKET is a catalyst of revolution for the world of blockchain finance by connecting asset exchange across different blockchain networks. As blockchain interoperability infrastructure projects like Algomint continue to innovate, we are moving towards a new world of value creation, where the possibilities are endless.
About Algomint: Algomint is a blockchain interoperability project that is revolutionising finance by bridging assets across different blockchain ecosystems. Through its innovative technology, Algomint allows for the seamless exchange of assets, enabling investors to benefit from the speed, security, and cost efficiency of the Algorand network. Its goBASKET offering provides investors worldwide with an easy way to bring their assets to Algorand, convert to go assets, and trade them on decentralised exchanges or use them on lending platforms and options vaults. Algomint is at the forefront of the DeFi movement, paving the way for a new world of value creation.
About Wormhole: Wormhole is an interoperability protocol that allows projects to build on top of its generic message-passing layer. Currently, it connects to more than 20 high-level blockchains. Wormhole functions by emitting messages from the source chain that are observed and verified by validators in the Guardian network. After verification, relayers optionally submit these messages to a target chain for processing. This message-passing primitive enables xChain (cross-chain) functionality: users interact with xDapps (xChain dApps) to transfer xAssets (xChain assets) between networks or access their xData (xChain data) to provide them services on their current network.
Learn more on wormhole.com.
