Dfyn Network has made the most exciting announcement regarding the offer of accessibility to Elrond assets in the Dfyn multi-chain AMM DEX integrated with several platforms of Layer 1 and 2 to address the issues with the fragmentation of liquidity.
DeFi is no longer stuck in the experimental phase but is now slowly making its way into mass adoption in real-time. The growth limitations of DeFi that had once been set at product-based capabilities are now shifting towards platform-specific attributes. These shifts from the operation as per design and generation of yields to the assessment of transaction speed and number or the cost of adopters paves the way for real-world adoption of DeFi. As a consequence of the recent developments in decentralized finance, a fragmentation of opportunities occurs as the DeFi projects continue to seek expansion and interoperability beyond their preliminary platforms. Moreover, DeFi users use products across multiple Blockchain networks to put up with the increased complexity of using the products.
According to Beniamin Mincu, the CEO of Elrond Network, the availability of Elrond assets in Dfyn shall overcome the prevalent issues as the Elrond infrastructure is crucial for securing a high bandwidth and making the DeFi space less expensive. The cross-platform development shall enable the projects to participate in a positive-sum game and share the advantages of DeFi adoption beyond the existing crypto boundary walls. The collaboration shall work on adapting the Router Protocol of the Dfyn team to work with the mainnet. This adaptation will allow the availability of Elrond assets in Dfyn DEX by deploying the multi-chain liquidity super mesh.
At present, Dfyn is also working on developing a decentralized exchange platform that integrates with several Blockchain networks to enable interoperability between liquidity pools and assets across multiple platforms. The platform enables the users to engage in gas-less transactions by the employment of meta-transactions in the Polygon Network.