X

Fantom & Clover Partner to Extend Cross-Chain DeFi Adoption

With blockchain and DeFi making big strides in the modern market, the world is bound to witness the mass adoption of techs. One such attachment to the trend came in the form of Fantom and Clover’s recent strategic partnership. The renowned firms have joined hands to promote the use of cross-chain DeFi throughout the globe.

Both Clover and Fantom will be focusing on multiple intuitive products to steer the industry towards a cross-chain DeFi ecosystem and interoperability. The vision is set to be carried out on Clover’s parachain and Fantom Opera.

The primary intent behind the partnership is integrating Clover’s DeFi platform with different Fantom-based assets. The incentive behind the move is apparent as Clover Finance’s comprehensive EVM compatibility will bode well with Fantom. It will quickly result in proffering DeFi apps (Dapps) and Fantom-based applications to global Polkadot users.

These objectives will act as the primary principles leading the firms to collaborate and focus on new products such as Cloverscan and Clover extension wallet. Such projects are sure to assist the concurring cross-chain network adoption surge to its optimal point.

An open beta browser extension wallet has already been launched by Clover, packing the innate compatibility for Fantom Opera mainnet. With this, users can quickly use renowned Fantom-based DeFi applications like Popsicle Finance and Multichain.xyz.

Additionally, it will also open the path for interaction with Polkadotjs-based networks like Edgeware, Kusama, and Clover. The designated team at Clover intends to deliver a seamless UX with the help of a cross-chain extension wallet accumulated with a multichain DeFi app.

Clover and Fantom are two of the most well-known names in the crypto circle. While Clover is known for its smart contracts, Fantom harbors prominence as a secure and efficient layer-1 platform developed on an aBFT consensus protocol. Their partnership to promote cross-chain DeFi adoption is certain to stir an uproar in the market, leading DeFi to new heights.

Roxanne Williams: Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.
Earn up to 7.4% APY on your crypto, Click here to know more