Movr Partners with Biconomy
We’re delighted to announce Biconomy’s Hyphen bridge is now integrated into FundMovr! With the Hyphen integration into FundMovr, users get an additional route on our app to execute instant low-cost token transfers across chains!
We’re excited to come together with a fellow Indian project & make Indian web3 ecosystem even stronger together!
About Biconomy Hyphen
Hyphen enables instant and cheap token transfers across different chains. It solves the pain point of getting your funds between Layer2 & Layer1 blockchains. If you transfer your funds via Layer2 native bridges it might take you from 40 min to 7 days to get your funds on Layer1. For example, it takes around 40–50 min to get your ERC20 tokens from Polygon Network to Ethereum via their native bridge.
These challenges lead to weakened network effects and makes it hard for the average user to navigate DeFi’s fertile grounds with ease. Hyphen solves that problem by enabling developers to offer value transfers between EVM networks, various layer-two solutions and sidechains.
Hyphen does that by maintaining token liquidity on both sides of the chains and instantly transferring tokens on second chain after accepting tokens on first chain. It also rebalances the liquidity automatically if there’s too much one sided transfers.
Currently, onboarding onto L2s is a nightmare. It’s expensive, slow & complicated. Hyphen enables easy on-ramp to L2s through fast, cheap & gas-efficient inter-chain transactions. Hyphen is a key part of Biconomy’s overall mission — to make the web3.0 experience frictionless to onboard the mainstream users.
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FundMovr: Seamless Cross-Chain Bridging
We introduced FundMovr, our first product in the Movr interoperability stack for a multi-chain world sometime back. In a multi-chain world, bridges become ‘roads’ or ‘routes’ between chains. Chad has DAI on Arbitrum, he wants ETH on Polygon to ape into a farm. There are multiple routes he can take, but finding the best one is hard!
FundMovr is the Google Maps for the multi-chain world! It finds all available routes to move & swap b/w chains & sorts them by:
- Maximum output on the destination chain
- Minimum GAS fee for swap and transfer
- Lowest Bridging Time
Select-Click-Bridge, that’s it!
FundMovr Beta is now Live!! It is now available for the community :) Join our Discord here!
FundMovr is also available as APIs to make it easy for developers to use FundMovr in their applications. Check out our docs here!
About Movr
Movr’s mission is to simplify building cross-chain applications. We are building critical interoperability infrastructure for a multi-chain future which will power cross-chain use cases like cross-chain lending (deposit collateral on Aave-Optimism, borrow from Aave-Polygon); multi-chain Yearn (Yearn optimising for highest net APY from across chains), cross-chain swaps and many more!
Want to Get Involved?
- Be a part of our community here!
- We’re hiring! Check out our job postings if you’re interested in joining the core team.
- If you want to use FundMovr as part of your project, checkout FundMovr API docs here or reach out to us on Discord.
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