Forwarded from MultiversX - Announcements
Elrond and Binance Smart Chain integration to enable strategic DeFi interoperability
The opportunity of an interoperable DeFi ecosystem is far greater than the sum of separate individual parts. Specific opportunities enabled by the unique capabilities of distinct blockchains are amplified by the seamless flow of value and global user accessibility.
We are therefore excited to announce that the Elrond Network will be interoperable with the Binance Smart Chain. This will allow the free flow of assets issued on one chain to participate in DeFi opportunities on the other chain.
“The integration with the Binance Smart Chain is meant to significantly increase exposure, accessibility, and value flow between the networks, enabling many creative opportunities for the DeFi ecosystem.” said Beniamin Mincu, Elrond CEO.
The first step of the integration has already been made. eGold can be withdrawn from the Binance CEX as BEP20 EGLD tokens on the Binance Smart Chain. The ongoing collaboration is now focused on enabling the transfer of tokens in a direct manner via a bridge.
#hypergrowth100 Day 21
Read more: http://elrond.com/blog/elrond-binance-smart-chain-defi-interoperability
Retweet: https://twitter.com/ElrondNetwork/status/1353727875917217792?s=20
The opportunity of an interoperable DeFi ecosystem is far greater than the sum of separate individual parts. Specific opportunities enabled by the unique capabilities of distinct blockchains are amplified by the seamless flow of value and global user accessibility.
We are therefore excited to announce that the Elrond Network will be interoperable with the Binance Smart Chain. This will allow the free flow of assets issued on one chain to participate in DeFi opportunities on the other chain.
“The integration with the Binance Smart Chain is meant to significantly increase exposure, accessibility, and value flow between the networks, enabling many creative opportunities for the DeFi ecosystem.” said Beniamin Mincu, Elrond CEO.
The first step of the integration has already been made. eGold can be withdrawn from the Binance CEX as BEP20 EGLD tokens on the Binance Smart Chain. The ongoing collaboration is now focused on enabling the transfer of tokens in a direct manner via a bridge.
#hypergrowth100 Day 21
Read more: http://elrond.com/blog/elrond-binance-smart-chain-defi-interoperability
Retweet: https://twitter.com/ElrondNetwork/status/1353727875917217792?s=20
Multiversx
Elrond And Binance Smart Chain Integration To Enable Strategic DeFi Interoperability — The MultiversX Blog
Binance Smart Chain and Elrond Network become interoperable to significantly increase exposure, accessibility & value flow between the two networks, enabling many creative opportunities in the DeFi ecosystem