The MultiVAC community is eager to expand decentralized finance on the growing network. This will soon be possible through a partnership with MTVSwap, MultiVAC and RelayChain. The bridge is complete, and ready to deploy. The “go live” date will be communicated in the near future. Users will be able to bridge assets to MultiVAC and trade them on MTVSwap. The initial assets will include; USDT, USDC, BUSD, ETH, BNB, AVAX, MATIC, FTM, CRO, ONE and MOVR.
MTVSwap will be one of the first decentralized exchanges on MultiVAC. It will offer a full suite of DeFi features, including trading, yield farms, launchpad, and more. The UI is being built from scratch and not simply forked from an existing DEX. MultiVAC users will be able to participate in the MTVSwap public sale, set to begin on February 13th. Their native DEX token will have the aptly named ticker, $SWAPPY!
RelayChain enables fast, secure and low cost cross-chain token transfers between the world’s leading blockchains. The platform offers Bridging as a Service (BaaS) to partner networks and dApps wishing to expand their footprint beyond a single chain. RelayChain currently supports bridges between any combination of MultiVAC, Metis, Moonbeam, Cronos, Harmony, Moonriver, Metis, IoTeX, Ethereum, Polygon, Binance Smart Chain, Fantom, Avalanche, Shiden and HECO. Multiple popular networks will be added in the near future. A unique feature of RelayChain is that once a token exists on our platform, it can be bridged to any other EVM in our list of networks. This can be done in one step without need to return to the parent chain first. This represents a major feature of speed and convenience for all of the users. The RELAY token holds high utility as it will be used to reward stakers with a share of the native gas tokens collected from bridging fees. It’s a deflationary token; the more transactions that occur, the more RELAY is bought back and burned. RelayChain can quickly enable any project’s tokens to be bridged at no cost to the project.