PLEXUS joins Chainlink BUILD to boost cross-chain adoption
PLEXUS is ecstatic to announce that it has decided to integrate successfully with the Chainlink Build program. Through this, they intend to accelerate the process of the ecosystem’s overall development as well as the future acceptance of their cross-chain DEX aggregator. This will be accomplished by acquiring a more efficient method of connecting to Chainlink’s high-level Oracle services as well as the necessary technical support. There is also the aspect of incentivizing further cryptoeconomic security, for which they will be offered network fees and other benefits for the Chainlink community, the concerned service providers, and the stakeholders.
As an entity, PLEXUS is a cross-chain DEX aggregator with a concentration on offering quick, secure, and cost-effective multi-step swaps across all blockchain networks and bridging them with a single transaction. It has a Cross-Chain Routing Protocol (CCRP), which is derived from the Theta algorithm, and it is transforming itself into the most capable one-stop DeFi platform, with the help of which every individual can exchange every asset on every blockchain without interruption. The entity aggregates DEXs and DEX aggregators and creates a link through multiple blockchains, allowing users to trade tokens via blockchains. The primary benefits of Plexus are its lower cost and the fact that it is simplified and most convenient.
The primary goal of PLEXUS’ connection to BUILD is to maximize the benefits of security features and the aspect of dependability provided by Chainlink’s Oracle framework. Through this joining, the entity will be able to take advantage of all the benefits and incorporate additional Chainlink services as well as Chainlink Price Feeds to keep track of cross-chain swaps. In exchange for everything mentioned above, PLEXUS will give the Chainlink service providers and stakers 3% of its supply of standard tokens.
Where Chainlink is concerned, it is a benchmark in terms of the Web3 services platform and has been instrumental in carrying out a considerable amount of transaction volume throughout DeFI, insurance, gaming, NFTs, and many more prime industries. It allows developers to create new-age Web3 applications that have connectivity with real-time data and off-chain computation through every blockchain.
In the case of PLEXUS, it is a solution provider for smooth cross-chain swaps and mass blockchain acceptance. In this case, users can swap tokens on various chains with low swap fees in just a single transaction. This is done with the help of the Theta algorithm, which helps analyze liquidity data obtained from various chains. It also offers cross-chain swaps with the use of CCPR, which is a cross-chain communication technology.