Enhancing Liquidity and User Experience: Syscoin & Rollux Form Strategic Partnership with Layerswap

In a landscape where blockchain technology is rapidly evolving, the ability to transfer assets securely, efficiently, and affordably remains a key challenge. Syscoin and Rollux, platforms committed to scalability, security, and cost-effectiveness, are pleased to announce a strategic partnership with Layerswap. This collaboration aims to significantly improve liquidity and simplify asset transfers across Centralized Exchanges, blockchains, and banks.

Introducing Layerswap: A New Standard in Asset Transfers

Layerswap is more than just a bridge; it's a comprehensive solution for transferring crypto assets across networks. With its unique ability to facilitate direct and instant transfers from Centralized Exchanges (CEXes) to blockchains, Layerswap gives you the freedom to move crypto assets anywhere. Whether you're a seasoned crypto investor, a Web3 developer, or a newcomer to the crypto world, Layerswap offers a streamlined, fast, and cost-effective way to manage your assets.

The Integration: A Focus on Liquidity and Ease of Use

The initial phase of this partnership involves Layerswap integrating Rollux Chain into their platform, thereby providing liquidity for both ETH and USDC. This means that users can now transfer assets like USDC from major exchanges like Coinbase, Binance, and Kucoin directly to Rollux, or directly from other chains, benefiting from Rollux’s more robust security, speed, and affordability compared to native Ethereum scaling solutions. Additionally, users will be able to access Layerswap’s fiat onramp enabled by Stripe.

But the integration doesn't stop there. Layerswap will also incorporate all three Syscoin chains (L1 UTXO, L1 NEVM, and L2 Rollux), making it easier than ever for users to transfer $SYS between different platforms. This ease of transfer is a significant step toward increasing the liquidity and accessibility of $SYS in all its forms.

A Partnership Aligned with Shared Goals

Jagdeep Sidhu, Lead Core Developer of Syscoin and President of the Syscoin Foundation, commented, "Our collaboration with Layerswap aligns well with our objectives to make blockchain technology more accessible and practical. Layerswap's commitment to user experience and simplifying crypto transfers complements the goals of Syscoin and Rollux. Together, we aim to make blockchain technology a practical and accessible financial tool."

About Layerswap

Layerswap enables fast and reliable crypto transfers across Centralized Exchanges, blockchains and banks. Currently, the app supports 18 exchanges and 26 blockchains adding new chains and CEXes on a regular basis. With a focus on minimal fees, exceptional customer support, and a user-friendly interface, Layerswap simplifies the process of crypto deposits and transfers.

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About Syscoin

Syscoin is a decentralized and open-source project founded in 2014 whose NEVM blockchain combines the best of Bitcoin and Ethereum in a single coordinated modular platform.

Syscoin is ushering in the next step in the evolution of blockchain technology, providing Bitcoin's proven security and Ethereum's Turing-complete programmability elevated to true scalability via Optimistic, ZK-Rollups, Cross-chain ZK-Rollups and other Layer 2 technologies.

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About Rollux

Built by SYS Labs, powered by Syscoin, and fueled by $SYS. Rollux is an EVM-equivalent optimistic rollup that inherits the security of Bitcoin’s mining network and Syscoin’s Layer 1 finality and data availability. Rollux functions as Syscoin’s Layer 2 to help provide the unprecedented scalability necessary for an exponential increase of potential use cases, and sets the stage for realizing mass adoption. Rollux offers what no one else does: unmitigated security, speed, decentralization, and affordability.

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Nov 7, 2023 by Syscoin Foundation