#BackedByTelos-Rubic To Open Up Cross-chain Trading With TelosEVM
What is Rubic?
Rubic is the Multi-Chain Swap Protocol that enables you to swap any of 15,000+ assets, on and between 12 blockchains in one click.
Problem
Every day, 3+ Million DeFi users waste hours and hundreds of dollars on fees migrating between blockchains, switching between DEXs, and using bridges.
Solution
Rubic’s Multi-Chain Swap Protocol, allows users to swap more than 15,000 assets between 11 major blockchains: Telos, Ethereum, Polygon, BNB Smart Chain, Avalanche, Moonriver, Fantom, Harmony, Solana, Arbitrum, Aurora, and NEAR; in one place, with a simple and intuitive UI.
Business Model
Rubic charges a 0.3% commission for all Multi-Chain Swaps. 0.2% of this fee goes to Staking and Liquidity Providing, and 0.1% of it goes to Rubic.
Rubic also charges up to 0,3% for On-Chain swaps using our Widget on referred projects’ websites.
So, Why Telos?
We chose Telos because it’s the community-driven network that powers the fastest EVM in the world. The network’s Telos EVM offers 0.5 second block times, highly scalable infrastructure with up to 10,000 transactions per second, low fixed cost transactions in the pennies, and no front-running.
- Rubic Team
About Rubic
Rubic is the Multi-Chain Swap Protocol that enables you to swap any of 15,000+ assets, on and between 11 blockchains in one click.
Follow Rubic
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About Telos
The Telos EVM is the most powerful and scalable Ethereum Smart Contract platform available today built to power Web 3.0. Telos features a robust, third-generation, ESG compliant evolutionary blockchain governance system inclusive of smart contracts, advanced voting features, and flexible and user-friendly fee models. Telos supports the blockchain ecosystem by serving as an incubator and accelerator for decentralized applications through development grants. Come build with us.
