Occam the Monk Crosses the Multichain Bridge
OccamX, the Automated Market Maker decentralized exchange, has joined forces with Multichain, a leader in the cross-chain field.
The solutions developed by Multichain (formerly known as Anyswap) currently allow 39 chains to interoperate, all the while rapidly expanding to further grow that number. There is no restriction to Ethereum like chains (e.g. Binance Smart Chain), or different Layer 2 chains requiring finality to Ethereum (e.g. Polygon), or a network of Parachains (e.g. Moonbeam in the PolkaDot system). These and more are either now all integrated, or on course for integration. With support for all ECDSA and EdDSA encrypted chains, Multichain is almost universally applicable as an interoperable layer.
OccamX wanted to ensure that users can conveniently bridge their assets in a seamless manner. As one of the biggest bridges available on the market and a total TVL of over $7B, the partnership with Multichain is able to achieve just that.
The first liquidity worth over $13m has already been transferred to OccamX through Multichain.
With a rapidly expanding family of chains, Multichain sustains a daily volume of more than $100 million. Thanks to its MPC framework, a powerful symbol of decentralization, Multichain is able to achieve Total Value Locked in excess of $7 billion, along with thousands of daily users. All the aforementioned factors are testament to Multichain’s popularity and security.
OccamX, deployed over the Cardano EVM based sidechain “Milkomeda C1”, is going to unleash vast cross-chain liquidity for existing (and new) Cardano Native Tokens. The CNTs will be available through Milkomeda’s native bridge, which OccamX also operates with, while Multichain and other bridges OccamX cooperates with will bring assets such as USDT, USDC, BSC, WBTC, and WETH, among others.
Furthermore, a major liquidity mining campaign is in the works to boost the Total Value Locked of Milkomeda, which will be achieved through OccamX. The liquidity mining campaign will begin together with the opening of the Milkomeda mainnet.
It will be big.
Stay tuned to not miss out on it.
How to use the bridge
The Cross-Chain Bridges are a foundation block of Multichain, which allow an asset on one chain to be ‘sent’ to another chain. A guide explaining how to swap using the Multichain bridge is available here.
OccamX users will be able to differentiate between various bridged assets on the DEX UI by taking a look at their prefixes, as demonstrated by the “multi” prefix corresponding to Multichain below.
Ultimately, Multichain will allow users to swap between any two chains freely, while reducing fees and making it easier to move between chains.
About Multichain:
Multichain is the ultimate Router for web3. It is an infrastructure developed for arbitrary cross-chain interactions.
Multichain was born as Anyswap on the 20th July 2020 to service the clear needs of different and diverse blockchains to communicate with each other. Each blockchain has its own unique services that it provides, its own community and its own development ecosystem. The solutions developed by Multichain allow almost all blockchains to inter-operate.
Join Multichain community: Website | Twitter | Telegram | Medium | YouTube
About OccamX
OccamX is an AMM DEX built by a team incubated by OccamFi. It is among the first DeFi projects deployed over the L2 EVM based platform “Milkomeda C1”. OccamX’s state of the art technology and system’s internal economics are geared towards attracting liquidity away from legacy L1 networks towards Milkomeda and OccamX as its core liquidity engine.
Follow OccamX’s social media channels to stay up to date with the latest news:
- Telegram Official Community — https://t.me/occamfi_com
- Telegram Announcements — https://t.me/occamfi
- Medium — https://medium.com/occam-finance
- OccamX Twitter — https://twitter.com/OccamDEX
- OccamFi Twitter — https://twitter.com/OccamFi
