PRESS RELEASE
Printed January 10, 2024
Break up, Croatia, tenth January 2024, ZEX PR WIRE, DegenX – a 100% DAO-owned and managed multi-chain DeFi ecosystem – launched LinkBridge, a cross-chain bridge connecting DGNX to Ethereum. This new bridge will allow DGNX token holders to entry Ethereum’s huge ecosystem of decentralized functions (DApps) and providers. Furthermore, it is going to create liquidity and buying and selling alternatives for DGNX on Ethereum. The progressive new bridge is a growth milestone for the DGNX challenge and its rising neighborhood.
DegenX had just lately developed Broccoliswap, a multi-token and multi-chain aggregator, via a customized
implementation of Rubic – a famend all-in-one cross-chain swap aggregator. This allows Broccoliswap to present the perfect charges and lowest charges for swapping tokens throughout completely different blockchains.
Following its latest launch, Broccoliswap is on the forefront of DegenX Ecosystem utilities, producing charges and redirecting them to DGNX token holders via the challenge’s proprietary know-how, Liquidity Backing. This mechanism ensures most safety for brand spanking new and skilled crypto customers whereas serving to them maximize returns when buying and selling property.
Token swapping could also be a fancy course of for a lot of crypto fans and DeFi members. Broccoliswap supplies an answer by simplifying this course of and delivering a fast and seamless route to multi-chain token swaps. The bridge contains automated slippage calculation, token tax calculation, and bridging with out fixed community switching. This manner, customers don’t have to tweak each setting of an asset swap, comparable to choosing the proper chain, setting slippage, including tokens to the pockets, auto-correcting failed bridge transactions, and extra.
Broccoliswap opens the doorways to all of the utilities and options throughout the DegenX Ecosystem, permitting customers to faucet into the limitless alternatives of the crypto area. General, the bridge supplies a clean and user-friendly DeFi expertise, making cross-chain token swapping broadly accessible and handy.
About DegenX
DegenX is a EU-based decentralized finance firm constructing a novel ecosystem of cutting-edge DeFi utilities and merchandise. The crew contains trade consultants from a number of areas, together with Solidity and full-stack growth, graphic design, advertising, operations, and enterprise.
Fueling the DegenX Ecosystem is the DGNX token – a governance and utility token constructed on Avalanche. DGNX is backed by its base asset, offering the token with an ever-increasing intrinsic baseline worth. Token holders take pleasure in quite a few advantages, together with the precise to suggest or vote on proposals and stake their tokens with the StakeX good contract.
The DGNX token was initially deployed on the Avalanche C-Chain and has a most provide of 21,000,000 tokens. The crew plans to bridge the DGNX token to different blockchains whereas sustaining the identical most provide throughout networks.
The challenge has efficiently accomplished good contract auditing and KYC procedures with SolidProof, one of many trade’s high auditors.
You possibly can study extra about DGNX at these hyperlinks: Website | Twitter | Discord | Telegram | Medium
You possibly can e mail the DegenX crew at [email protected].