EmiSwap, a community-governed decentralized exchange that provides rewards for liquidity providers, today announced its integration with cross-chain bridge Movr. The integration will allow EmiSwap users to transfer tokens across blockchains like Ethereum, Polygon, Arbitrum, Binance Smart Chain and xDAI at lower fees and higher speed of transactions, improving the current lack of interoperability.
Lack of interoperability of blockchains poses serious problems to developers creating a decentralized application, tying them to that blockchain while being unable to profit from the benefits of other blockchains. As a solution, bridges are built to help interchange any sort of data, decentralized identities, and off-chain oracle information, in addition to allowing a token from one network to be utilized on another.
By removing the constraints imposed by their home network, bridges enable apps to become even more decentralized. Movr aggregates different cross-chain bridges under one roof to find the most efficient route to move assets, therefore finding the best bridge-token pair and executing all the steps required to move assets with one click.
“Beyond allowing EmiSwap users to transfer their tokens across blockchains networks like Ethereum, Polygon, Arbitrum, Binance Smart Chain, and xDAI at a higher speed and lower costs, the DEX’s integration with Movr will also open up new markets for EmiSwap and help increase liquidity and support,” said Grigory Rybalchenko, founder and CEO of EmiSwap. “Fund Movr’s software development kit will also serve as a standard gateway for all native message bridges, eliminating the requirement for developers to build separate smart contracts for each Layer 2 native message bridge.”
The integration also enables EmiSwap to build on top of the Fund Movr SDK to allow cross-chain swaps for users and integrate Fund Movr, allowing users to transact with a single click from any L2 and with any token.
