By crypto.news | Created at 2024-10-30 15:45:39 | Updated at 2024-11-06 03:34:56
6 days ago
Flow Traders, a multi-asset class liquidity provider and publicly traded trading platform, has joined the solver network supporting multichain token swaps.
Wormhole announced on Oct. 30 that Flow Traders had joined as a solver and will support the interoperability platform’s recently launched cross-chain transactions feature, Composable Intents. Flow Traders joins Wormhole’s (W) solver network that includes Google Cloud and AMD.
Wormhole’s “solvers” ensure cross-chain transfer requests are filled in real time, providing users with the best rates for their transactions. The addition of Flow Traders to the network aims to bolster cross-chain swaps through its liquidity and execution speed.
To support this, the market maker will apply its traditional finance liquidity provision experience to decentralized finance.
The partnership between Flow Traders and Wormhole follows a series of major integrations for the interoperability platform. Dragonfly-backed startup Agora added Wormhole as its interoperability provider for the stablecoin AUSD earlier this month.
On-chain protocols platform Infinex also integrated Wormhole as a primary interoperability provider, leveraging the partnership to power its multichain decentralized finance app.
Deep Blue, a Jersey-based stablecoin issuer announced its collaboration with the platform on Oct. 29, opting to use Wormhole’s native token transfers for multichain transactions for its stablecoin.
Other platforms utilizing Wormhole’s technology include Circle, Uniswap, Sky (formerly MakerDAO), Securitize and Lido.
Meanwhile, the market’s push for interoperability has extended Wormhole’s reach across more than 30 top blockchain networks, with use cases spanning decentralized finance, non-fungible tokens, and governance.
