In an important strategic partnership, TribeOne has joined forces with DFyn to offer users the convenience of having unified liquidity from different blockchains. This means developers need not search multiple platforms for liquidity to fund their trade moves and development projects. The decentralized exchange (DEX) DFyn is currently available for users on the Polygon network. However, with this particular partnership being in place, the platform users will now be able to execute their trades across different blockchain networks with ease and convenience.
In terms of the finer details, DFyn will get the capability to operate as a DEX across different blockchains. Its nodes cover the blockchains across layer 1 and layer 2 protocols. This partnership will specifically provide capabilities to users of TribeOne to execute trades across different blockchains without needing to switch the interface to any other platform.
TribeOne is looking forward to launching its native token once the listing of the DFyn gets completed. DFyn is working intensively to come up with innovative launchpads for layer-2 protocols. Once that happens, it is expected that the platform’s capability will get a further boost in the future. This partnership will also enable TribeOne to offer the liquidity services such as lending and loans across different blockchains for various assets, including non-fungible tokens (NFTs).
Both organizations have expressed their delight and happiness in this coming together. This is because this partnership is expected to bring out synergies in their operations and help them attract more users and clients to enhance the long-term sustainability of their businesses. The entire ecosystem of digital assets and cryptocurrency will benefit from this union. This means stakeholders across the value chain will benefit from this compact. The overall impact will be positive for the larger aim of helping cryptocurrencies extend their influence among the masses.