BIFROST
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BIFROST

BIFROST is Integrating Avalanche, Bringing its DeFi Protocol BiFi and Enabling Other DApps to Function Across Chains

BIFROST, the Universal Multichain Middleware, is partnering with Avalanche to enable DApps to enjoy our multichain technology with Avalanche’s high performance and low fees. BiFi, the Multichain DeFi Project by BIFROST, will expand to Avalanche, bringing its lending protocol and much more to Avalanche’s DeFi ecosystem.

BIFROST, the Universal Multichain Middleware, will integrate Avalanche to enable DApps to enjoy multichain technology with Avalanche’s high performance and low fees. Furthermore, BiFi, the Multichain DeFi Project by BIFROST, will launch on Avalanche, bringing its lending protocol and much more to Avalanche’s DeFi ecosystem.

Enabling Developers to Choose Multiple Chains

Interoperability is the biggest technical challenge that remains for blockchains. Without it, DApps are confined to one blockchain, struggling to achieve scalability.

It is what BIFROST has set out to solve with its Multichain Middleware that enables DApps to run on multiple blockchains, try new and switch to new blockchains, and experience true scalability from their Multichain DApps.

Our task is to support the most promising mainnets and L2 solutions in the market for the best developer experience. To that end, we are excited to partner with Ava Labs to support their mainnet Avalanche, and bring its speed, security, and affordability to BIFROST users.

Enabling Capital Flow Across Chains

For DeFi, the lack of interoperability results in capital markets isolated on each blockchain, competing for users and assets.

BiFi is the Multichain DeFi Project by BIFROST, aiming to create a decentralized financial infrastructure that connects all the capital markets — allowing capital to flow seamlessly from one blockchain to another, without any wrapping, bridging, or custodians.

BiFi is the Multichain DeFi Project by BIFROST. Leveraging BIFROST, BiFi seeks to create a decentralized financial infrastructure that connects all the capital markets — allowing capital to flow seamlessly from one blockchain to another, without any wrapping, bridging, or custodians.

BiFi began with a collateralized lending and liquidity mining protocol on Ethereum and BSC, and plans to reveal its native multichain lending and wallet in late June. Every code was developed from the group up and has gone through multiple audits. Since launching in January 2021, BiFi has welcomed more than 7,000 wallets from 136 countries, and attracted over $150 million across deposits, borrows, and staking.

About BIFROST

BIFROST is a Universal Multichain Middleware. It is not another blockchain, nor an exclusive ecosystem. Rather, it is a universal language for blockchains to communicate with each other. DApp developers can assign different components to desired blockchains, BIFROST then transpiles the code and deploys them directly to blockchains. Developers can create the best combination of blockchains, try and switch to new ones, and experience true scalability in their Multichain DApps.

About BiFi

BiFi is the Multichain DeFi Project built on BIFROST. It seeks to create a decentralized financial infrastructure that connects all the capital markets — allowing capital to flow seamlessly from one blockchain to another, without any wrapping, bridging, or custodians. BiFi offers collateralized lending, liquidity mining, and soon will launch its native multichain lending and wallets to connect and expand the DeFi ecosystem as a whole.

About Avalanche

Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Developers who build on Avalanche can easily create powerful, reliable, and secure applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.

Avalanche is one of the most promising blockchain mainnets in the market today. With an innovative consensus mechanism, transaction throughput of 4,500+ per second, and Ethereum-friendly development kit, Avalanche can lead to the evolution that blockchain technology has needed all along. BIFROST and BiFi are excited to be partners in contributing to the growth of Avalanche and the blockchain industry as a whole.

— Dohyun Pak, CEO & Co-founder of BIFROST/BiFi

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