Dcentralab & Syscoin Breaking New Ground
As Syscoin continues to develop the blockchain architecture of the future by combining the best of Bitcoin and Ethereum together in one place, bridges serve the crucial role of onboarding traffic from other projects who wish to take advantage of our technical breakthroughs. Just as all roads lead to Rome, so too must as many pathways as possible lead to the convergence of Bitcoin’s security and the flexibility of Ethereum-based smart contracts taking place on the Syscoin Platform. This is why we are excited to announce our latest partner, DcentraLab and their bridging service: ChainPort.
ChainPort’s mission is to offer seamless interoperability via permissionless porting between chains with a commitment to security, speed, and an attractive user experience. ChainPort is a kindred spirit with Syscoin in the sense that it shares the goal of enabling crypto to reach mass adoption, a milestone they pave the way towards by allowing all participants in their ecosystem to port their assets to the blockchain that best serves them.
ChainPort already services several major names in the industry, including Ethereum, Binance Smart Chain, Polygon, and Avalanche, amongst others. Now, Syscoin is taking its seat at the table while also extending an invitation for others to experience what we have to offer.
Erez Ben Kiki, CEO of Dcentralab had this to say about the burgeoning relationship, ChainPort is excited about the partnership with Syscoin, and will integrate its EVM soon, which will grant access to ChainPort’s abundant liquidity, currently exceeding $400 million, and offer the chain to the tens of millions of Ethereum and other EVM users that will soon have easy access to future chains.
In addition to the ChainPort bridge service, Syscoin is also venturing into another one of Dcentralab’s products, TokensFarm. We are on the verge of making our introduction to various DEXes, and as we continue to increase our scope, we are addressing the need for liquidity. This is why we have chosen to sponsor our own LP farm, which will incentivize community members to take part in this endeavor.
About Syscoin
Syscoin is a decentralized and open-source project founded in 2014 whose NEVM combines the best of Bitcoin and Ethereum in a single coordinated platform.
Bitcoin's proven security and Ethereum's Turing-complete programmability elevated to true L2 scalability via ZK-Rollups taking place on a singular platform, Syscoin, is ushering in the next step in the evolution of blockchain technology.
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About Dcentralab
Dcentralab is creating an ecosystem of on-chain products designed to accelerate the mass-adoption of blockchain by producing value while increasing transparency and leading the decentralized revolution. They aim to achieve the complex task of keeping blockchain simple through Hord, a dynamic ETF service powered by smart contracts, ChainPort, a bridge service expanding the frontiers of blockchain, TokensFarm, their cross-chain farm service platform, and 2key Network, a smart URL service.
Jan 21, 2022 by Syscoin Foundation