Bridge Network to Integrate the DigitalBits Blockchain & Launch DeFi Yield Farms for XDB
Bridge Network will integrate the DigitalBits blockchain to enable cross-chain activity and interoperability across the defi ecosystem. Bridge network will launch the XDB token across other active blockchains with an attractive yield farming program to incentivize cross-chain liquidity providers for XDB.
Bridge Network, an interoperability protocol that allows users to transact cross-chain and create their own bridges, announced today its support for the DigitalBits blockchain in collaboration with the DigitalBits Foundation.
DigitalBits, a blockchain for brands, is a layer-one protocol that can be used to tokenize any asset, including branded tokens and stablecoins to incentivize consumer loyalty, and NFTs created by artists, sports organizations and other brands. This integration with Bridge Network will expand the reach of the DigitalBits blockchain across other protocols and the decentralized finance (DeFi) ecosystem.
With Bridge Network, tokens that exist on other networks such as Ethereum and binance smart chain, will be able to launch their bridge to the DigitalBits blockchain and bring value directly on-chain.
In addition to the integration, Bridge Network will leverage its protocol to launch XDB on other platforms with an attractive yield farming program to incentivize cross-chain liquidity for XDB. This program will be rolled out at the end of Q4.
Founded by Kimberly Adams, a previous employee of the DigitalBits Foundation, the Bridge Network protocol aims to play a key role in the DigitalBits ecosystem by bringing broader accessibility to the blockchain. Kimberly said, “Working with the DigitalBits Foundation has been a great honor. I’m excited to now have the opportunity to expand my contribution across the DigitalBits ecosystem and bridge the gap between DeFi and consumer digital assets.”
Managing Director of the DigitalBits Foundation, Daniele Mensi, noted that, “The Foundation is fortunate to work with innovators like Kimberly. There is no doubt that we are living in a multi-chain world and a project such as Bridge Network is critical to drive consumer inclusion and mass adoption across the entire crypto ecosystem. I look forward to working with Kimberly and the Bridge Network team to support the ongoing adoption of the DigitalBits blockchain and XDB to the multi-chain and DeFI world.”