Cross Chain Trading on DeltaFi
We provide an optimal user experience through three key pieces of technology:
Today we’ll focus on the third, but you can read about the other two in separate blog posts on Medium or in our Whitepaper.
In the final post in this series, we discuss our cross-chain capabilities using Solana and Wormhole.
Our previous discussion focuses on the novelty of AMM provided by DeltaFi. This time let’s talk about blockchains’ growing pains; how they affect users and how we plan to solve them, mainly from the AMM perspective.
Solana is a fast growing blockchain ecosystem and DeltaFi is built on top of it. But tenured blockchain users hold assets on ETH, BSC, Terra etc. Although many of them plan to swap those assets and move to Solana, the migration from one chain to another is expensive (e.g., the fees needed to move the assets, the opportunity cost, and the time spent to figure out how to move assets cross chain). Some tokens provide native SPL support by introducing an equivalent wrapped SPL token. But many tokens do not have an equivalent, moving assets from those tokens to Solana is not straightforward.
We propose to solve this problem by leveraging Wormhole’s simple communication protocol. Wormhole creates a bridge between Solana and other chains. With Wormhole integration, DeltaFi provides an intuitive and user-friendly interface for users to select one token and trade for another token, no matter whether either token is SPL token or not. This underlying conversion/migration from non-SPL token to SPL token is transparent to end users (e.g., a user may trade ERC-20 token ETH for SPL token SOL directly on DeltaFi).
Together with the light speed and super low cost on the Solana chain, DeltaFi AMM can provide trades with seamless experience trading both SPL and non-SPL tokens. LPs also benefit from this built-in cross-chain support the same way. Solana is destined to be the liquidity hub and DeltaFi gives you the most flexibility, earning potential, compared to other popular exchange solutions.
Solana is destined to be the liquidity hub in a multi-chain world. With their blazing speeds and low costs combined with our Intelligent Design, DeltaFi’s cross-chain exchange will give you the most flexibility, earning potential, and security compared to any other option that exists in DeFi today.
Want to learn more?
Read our Whitepaper or check out our other blogs in this 3-part series that cover the other three components of our Intelligent AMM design.
Join our community on Discord, reach out on Telegram or Twitter, and follow us here for future news and information about DeltaFi.
