Interport Finance has announced that it is now live on Polygon zkEVM. The project is powered by LayerZero Labs and intends to facilitate cross-chain trading without any hassle. Now that Interport is on Polygon, users can enjoy swapping their tokens on any of the seven available chains.
Interport is backed by its meta-aggregation protocol that leverages the potential of the best rate model to source liquidity sources from different providers.
Community members have responded positively to this development, with some of them even pitching the team to consider launching on Linea. Others have shared their congratulatory notes with hopes that Interport is not going to restrict itself only to this development. Meaning there has to be a broader sense of achievement in the roadmap if it really wants to retain the community on its side.
Interport Finance dedicatedly works for the DeFi industry, ensuring that it is pushing the boundaries for the seamless operations of the market. Interport enables traders to participate in cross-chain swaps at the best possible speed and at the best possible rates.
The current development for Interport Finance follows an announcement wherein it mentioned that it has partnered with LayerZero. The partnership marked a crucial milestone for Interport. It allowed its members to indulge in a smoother swapping of tokens across different chains. Interestingly, it gets compressed into a single transaction at the time of execution.
LayerZero helps Interport by granting access to its cross-chain messaging and stablecoin liquidity. This comes in the place of bridges, which would otherwise not have been so easy. Deploying LayerZero and its components helps the community to claim cross-chain trading that is simple and quick in nature. Needless to say, this happens at a time when there is the best execution rate available through meta aggregation.
Per reports, a single translation takes an average of 2 minutes to complete. It obviously depends on the volume and other technical complexities; however, the best time during the major run remains 2 minutes. Seven networks covered under the partnership are Arbitrum, Ethereum, Polygon, Avalanche, zkSync, BNB Chain, and Fantom Foundation.
A single network is likely to run into an issue if the request volume becomes difficult to handle. Most recently, users complained about zkSync not working for them. Interport then informed the community that there were a lot of transactions from and to zkSync. Hence, the delay.
Assuming anyone comes across a similar issue in the future, they can open a ticket in Discord by highlighting the issue and submitting it.
That is not the integration that Interport has concluded. It also announced its integration with ParaSwap. The objective was to boost cross-chain swaps in the fastest possible manner without compromising simplicity and security. This has been called a significant milestone for Interport Finance. It brings over a hundred sources across all the chains, along with liquidity and flexibility enhanced specifically for traders.