Rango Exchange Integrates Allbridge

Rango Exchange integrates Allbridge Core for Enhanced Cross-Chain Liquidity. Rango Exchange, a cross-chain DEX/Bridge aggregator, announce a strategic partnership with Allbridge Core, a stablecoin cross-chain swap solution that enables users to swap between dollar-pegged tokens across different blockchains without wrapping or unwrapping them.

This integration is a significant step towards enhancing cross-chain liquidity and interoperability in the crypto space, as it allows users to access more stablecoin markets and arbitrage opportunities with low fees and high speed.

How does Allbridge Core work?

Allbridge Core operates by maintaining liquidity pools for the supported stablecoins on each chain. When a user sends tokens via Allbridge Core, the bridge exchanges incoming tokens into their dollar value in the token pool for that particular token.

This value is then sent via the underlying messaging protocol to the destination chain. The bridge contract on the destination chain swaps the dollar value to the tokens from the liquidity pool and sends them to the recipient. This way, users can enjoy fast and secure cross-chain swaps without losing peg or paying high fees.

The Security of Allbridge Core

The security of modern bridges is a point of concern for many. Allbridge Core addresses the existing issues in this area by making its smart contracts non-upgradable. This feature contributes to the bridge’s security and removes malicious intrusions into the transfers as a potential attack vector.

In addition, the architectural flexibility allows Allbridge Core to integrate with multiple decentralized messaging protocols, further elevating its security. Audits are another vital component to prevent potential issues with cross-chain swaps, which is why Allbridge Core has been audited as well.

Rango and Allbridge Core

By integrating Allbridge Core, Rango Exchange aims to revolutionize the crypto industry by aggregating all DEXs, bridges, and DEX aggregators across DeFi, offering users a seamless cross-chain swap experience. Users can now swap between USDT, USDC, BUSD, and DAI on Binance Smart Chain, Ethereum, Polygon, Solana, and Tron using Rango Exchange’s intuitive interface and innovative features.

ABOUT Allbridge Core

Allbridge Core is a cross-chain swap platform built specifically for dollar-pegged tokens. It operates without the wrapped assets by providing native liquidity pools for the supported assets on each chain.

Website | Twitter

ABOUT Rango Exchange

Rango Exchange is a cross-chain DEX/Bridge aggregator that integrates all DEXs, bridges, and DEX aggregators across DeFi. Rango Exchange offers users the best rates and lowest slippage for cross-chain swaps by routing orders through multiple liquidity sources. The platform also supports various blockchains, including EVM-based, Cosmos-based, Solana, UTXOs, and more to come.

Website | Twitter

RESOURCES

Rango Exchange

REQUEST AN ARTICLE
Tags:
#Allbridge #Blockchain #Rango

Comments

Post a Comment

Popular posts from this blog

Here’s how big food and beverage brands are using NFTs: Report

Image
The key supporting factors for the market are the adoption of blockchain technology and the demand for NFTs for transparency and traceability in the food industry. Nonfungible tokens (NFT) adoption is picking up steam across the food and beverage industry, with many fast-food chains displaying interest in this new asset class.  A report by ResearchAndMarkets.com states that the global food & beverage NFT market size is expected to reach USD 2,134.04 Million by 2032. These statistics have been evident as recently, Global fast-food brands , including Pizza Hut and Papa John’s, are discovering new ways to integrate NFTs into their marketing strategies.  The report states that the key supporting factors for the market are the adoption of blockchain technology and the demand for NFTs for transparency and traceability in the food industry. Unique ownership opportunities, using NFTs in virtual reality and video games, promotions and advertising from food companies and restaurants are o...
Read more

Strategist Warns Credit Suisse Next to Collapse — Says 'There's a Run on the Bank'

Market strategist Greg Foss has predicted that Credit Suisse will be the next major bank to collapse, citing capital trouble and a run on the bank. The Swiss banking giant has also identified “material weaknesses” in its financial reporting controls. Its shares plunged on Wednesday after the bank failed to raise capital from its largest investor. Credit Suisse Next to Fall, Says Strategist Market strategist Greg Foss warned about the impending collapse of Swiss banking giant Credit Suisse on the Coin Stories podcast, published Tuesday. His warning followed the collapses of several major U.S. banks, including Silicon Valley Bank and Signature Bank. Foss is currently executive director at Validus Power Corp. He was a founding shareholder of 3iQ Corp. and previously held the role of senior portfolio manager with a focus on credit strategies at Fiera Quantum. He was also a managing partner for credit strategies at both GMP Investment Management and Marret Asset Management, an...
Read more

Tax Authorities Of Argentina Check Bitcoin Wallets For Unpaid Taxes As Inflation Hits Max

Image
Mar 21, 2023 at 08:12 // News Author Nina Lyon An annual inflation rate of 100% is prompting Argentines to increasingly opt for cryptocurrencies. Bitcoin becoming a haven for Argentines The latest data points out that Argentina's annual inflation rate surpassed 100% in February 2023, reaching the highest level since the country's hyperinflation in 1991. Bitcoin and other cryptocurrencies have become a haven for Argentines trying to save their assets. However, Argentina's Federal Public Revenue Administration (AFIP) points out th...
Read more