Cross-chain hub Interport Finance joins Chainlink BUILD

As a seasoned crypto investor with a strong background in decentralized finance (DeFi), I’m thrilled about Interport Finance joining the Chainlink BUILD program. This strategic move will undeniably bolster Interport’s ecosystem and propel its growth within the DeFi landscape.

As a researcher examining the latest developments in the Decentralized Finance (DeFi) space, I’m excited to share that Interport Finance, a prominent player offering swift cross-chain swaps and bridge solutions, has recently announced its participation in Chainlink’s BUILD program. This collaboration is set to bring even more value to the DeFi ecosystem by enabling seamless integration of Interport Finance’s services with Chainlink’s widely adopted oracles and smart contract technology.

The project intends to utilize Chainlink’s oracle solutions and assistance for strengthening its infrastructure. Areas of priority are expanding the Decentralized Finance (DeFi) sector and promoting cross-chain swap adoption, as shared by Interport Finance on Thursday.

“DSB, the co-founder of Interport Finance, expressed his enthusiasm about becoming part of Chainlink BUILD. This membership grants us early access to Chainlink’s pioneering platform, boosting Interport Finance’s growth. By collaborating on secure on-chain financial solutions and integrating our vibrant community into the Chainlink network, we contribute to the widespread acceptance of blockchain technology,” is one way to paraphrase this statement.

Interport Finance eyes DeFi ecosystem growth

Interport’s participation in the BUILD program expands their utilization of Chainlink’s offerings. They will now incorporate Chainlink Cross-Chain Interoperability Protocol (CCIP) for transferring assets between different blockchains and Chainlink Price Feeds to access real-world data.

“Engaging in BUILD strengthens our connection to Chainlink, providing us with advantages such as prioritized support within the Chainlink network, expanded access to essential Web3 services, and a tighter bond between the Chainlink and Interport user groups.”

As a analyst, I can rephrase that statement as follows: I’m excited to contribute to Interport’s goal of unifying the blockchain industry and expanding cross-chain capabilities to enhance the DeFi ecosystem. With the help of Chainlink’s robust and secure oracle infrastructure, we will optimally leverage this integration to achieve our mission.

The Interport product range includes three offerings: cross-chain token swaps enabling users to trade tokens across different blockchain networks, a bridge facilitating asset transfers with minimal additional trading fees, and a gas transfer service enabling users to top up their multi-chain native tokens.

As a researcher studying the integration between Interport Finance and Chainlink, I can share that Interport Finance will make available 5% of the total supply of its native token, ITP, to Chainlink service providers and stakers. In turn, Interport will cover the network fees as an incentive for the Chainlink community.

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2024-07-11 22:40