Transcending the Blockchain Barriers Through HyperBridge with GrailPad
Liquidity, or the ease with which assets can be bought and sold on a market at a stable price, is critical to any kind of trading. Cryptocurrencies are a fragmented market, and traders sometimes find that prices and spreads differ among exchanges, particularly for altcoins.
The appeal of cross-chain bridges lies in the fact that they provide customers with the liquidity they need. In addition, bridges allow value to flow between blockchains, breaking down crypto’s walled gardens.
Although cross-chain bridges promise liquidity, not all of them deliver. It is essential that a bridge has asset pools on native and non-native blockchains to make the lock-mint-burn-release process as fast and efficient as possible.
Spherium is aware of the liquidity concerns in cross-chain bridges, and thus we are partnering with protocols that will vastly improve HyperBridge’s liquidity. We are entering into a strategic partnership to showcase the entire Web3 space as part of our efforts to enhance the Cross-Chain ecosystem and the utility for $SPHRI holders. We are integrating GrailPad into our cross-chain ecosystem to offer liquidity for BNB Chain and Polygon on HyperBridge.
More Liquidity in HyperBridge with GrailPad
At Spherium Finance, we have always worked to collaborate with protocols that can bring more value to our ecosystem. This also includes enhancing our cross-chain ecosystem to new heights.
With GrailPad’s Multi-chain Automated Market Maker (AMM) Decentralized Exchange, users get instant and safe token exchange in any decentralized application based on an automated market maker protocol with a wide range of reserves. The GrailPad Multi-chain AMM DEX aggregates liquidity from multiple sources into a single liquidity pool to provide the best rates to users, DApps, wallets, and DEXs. As a result, it would be a point of end-to-end automated market-making against smart contracts.
With this new partnership, GRAIL will be able to go cross-chain using our HyperBridge. On the other side, GrailPad has added 2,500,000 $GRAIL to provide more liquidity to HyperBridge users. With this, $GRAIL holders will have the opportunity to HODL their token on the BNB Chain and Polygon, allowing them to experience the power of moving cross-chain.
This way, users can seamlessly trade assets across the above-mentioned blockchains from a single interface in a non-custodial way with full on-chain transparency and instant transactions.
It is an exciting step in our journey to create more value for our network and to offer interesting opportunities, and we are very excited to launch this extensive partnership with GrailPad
Commenting on the recent partnership, Aanchal Thakur, CEO of Spherium Finance, stated, “HyperBridge makes it easy for project owners, blockchain operators, investors, and other parties to manage capital flows and eliminate communication barriers across blockchains.”
About GrailPad
GrailPad is a permissionless DEX built for cross-chain token pools and auctions, enabling projects to raise capital in a decentralized and interoperable environment based on its ecosystem. With GrailPad, decentralized projects will be able to raise and exchange capital cheap and fast. Furthermore, users can participate in a secure and compliant environment and use assets that go through our portal in BSC, Polygon, Solana, Ethereum, and Avalanche.
For more information about GrailPad, please visit:
Website: https://grailpad.io
Telegram Channel: https://t.me/GrailPad
Telegram Group: https://t.me/OfficialGrailPadGroup
Twitter: https://twitter.com/grailpad_io
Medium: https://grailpad.medium.com
Discord: https://discord.gg/m6ZfHjhH8T
About Spherium Finance
Spherium Finance is empowering the cross-chain community by developing a suite of DeFi applications that will be fully cross-chain compatible, including a Bridge, Universal Wallet, Token Swap platform, Money Markets, Staking services, Lending/Borrowing protocol, and inter-blockchain liquidity transfer. In addition, Spherium has a diverse product portfolio to provide comprehensive DeFi services, including:
HyperBridge: An interoperable multi-chain bridge that allows tokens to be quickly bridged between EVM and Non-EVM compatible blockchains.
HyperSwap: A cross-chain asset swap that is decentralized and based on an automated market-making mechanism.
HyperLend: A decentralized money market where investors can lend or borrow digital assets at interest rates determined by supply and demand.
Hyperwallet: A secure and decentralized wallet for Spherium products and services. Spherium offers a unified platform for multi-asset, cross-chain swaps, crypto financing, and cross-chain operability.
To learn more about Spherium Finance, please visit our website, follow us on Twitter, and join our Telegram group.
