In a significant partnership that is sure to boost the prospects of decentralized finance (DeFi), Deficliq and Meter Passport have decided to join hands for a porting project that will allow the former to integrate with BSC. According to the partnership, Deficliq will be using the infrastructure of Meter Passport to port its $CLIQ native coin to the platform of BSC. The Meter Passport will act as a bridge between Deficliq and BSC to help seamlessly complete this process.
Deficliq has carved a place for itself in the market thanks to its services that include collateralized and uncollateralized loans to prospective customers. The innovative peer-to-peer loan concept of the company has found favor with many in the segment, and the long-term project is well on its way to disrupt the conventional financial markets. The lending process on the platform is very user-friendly, and now with its services becoming part of the BSC platform, the portal is expected to gains new heights of success in the future.
The importance and role of the Meter Passport in this integration process are very significant. Meter is a well-known network infrastructure that is capable of providing high-performance infrastructure services to its clients. Its competence lies in providing scaling services to smart contracts, which is not only beneficial for the expansion of projects but also allows them to operate seamlessly across different blockchains. It has played a crucial role in making the decentralized application interoperable while providing high safety and security credentials related to different transactions. The organization is working to provide credibly infrastructure services that will help the financial sector come up with the novel concept. For this, the network offers a range of financial services tools that prove extremely helpful in creating innovative services on the DeFi domain, including the likes of insurance, derivatives, and lending, among others.