Waves Protocol’s partnership with Allbridge opens the doors to $74m in TVL
Waves Protocol is today announcing its partnership with token bridge protocol, Allbridge. The partnership will see the integration of Waves with all of Allbridge’s 15 supported blockchains, including Solana, Binance Smart Chain, and Ethereum.
The integration will launch on September 22nd with an incentivized multi-asset pools campaign on the Waves-based AMM platform, Swop.Fi. The first coins supported will be USDT and USDC stablecoins from Ethereum, Polygon, and Binance Smart Chain.
Allbridge is a bridging protocol with more than $6b in asset transfers and TVL — at the time of writing — of over $74m. Waves-based projects like Swop.fi, Pluto, and Waves Exchange all offer some of the largest annual percentage yields (APYs) on stablecoins in DeFi. The partnership aims to increase access to Waves-based projects for investors on other chains seeking larger returns on their stable assets.
This exciting partnership serves both Allbridge users looking for good returns on their stablecoins and Waves users who want to see additional liquidity brought into the ecosystem.
Launched in 2016, Waves is a global open-source platform for decentralized applications. Based on proof-of-stake consensus, Waves aspires to make the most of blockchain with a minimal carbon footprint.
Waves technology stack can benefit any use case that demands security and decentralization — open finance, personal identification, gaming, sensitive data, and many others.
For more on Waves, please visit https://waves.tech
Allbridge is a simple, modern, and reliable way to transfer assets between different networks. It is a bridge between both EVM and non-EVM compatible blockchains. Allbridge’s mission is to make the blockchain world borderless by providing a tool to move assets freely between various blockchains.
For more on Allbridge, please visit https://allbridge.io/