In a bid to boost its DeFi adoption through blockchain interoperability, Neutrino collaborates with the DeFi aggregator, Zerion, and leveraging the latter’s simple-to-use interface for helping its users with investing, earning interests, and borrowing crypto assets. The collaboration is aligned to Neutrino’s ongoing efforts towards expanding its unique DeFi tools from Waves blockchain to Ethereum blockchain as well as other blockchain networks.
In 2020, Zerion has emerged as a key partner to Neutrino’s mutual technology support projects. It is enabling the Neutrino Network with multiple opportunities, from token listings to multi-blockchain integrations. Ethereum (ETH) and Neutrino USD (USDN) cryptocurrency tokens are currently available on the Waves ecosystem. With the help of Zerion, these tokens would also be adopted on the target chains and get integrated into Gravity, which is a cross-chain blockchain-agnostic network being developed in the Waves ecosystem.
Being one of the world’s most prominent multi-chain assetization protocols, Neutrino currently allows users to create crypto-collateralized tokens and helps them getting pegged to several financial instruments. From national fiat currencies to crypto money, gold, and even stocks, the tokens created with Neutrino become a dynamic interchain asset. Neutrino’s underlying asset $WAVES further enables users with staking via the consensus algorithm pools developed with Leased Proof of Stake (LPoS). With this, users can stake the synthetic assets on the Neutrino protocol and even distribute rewards among holders.
$USDN is the first Neutrino protocol-based assetization product, whose total locked value reached $50 million recently. There are over 5,000 active daily USDN users on the Neutrino’s dApp.
With this collaboration, Neutrino has placed its faith in Zerion for spearheading its mission of aggregating its DeFi services with censorship-resistant and transparent financial services.
The Waves ecosystem is an avenue to develop inter-chain DeFi transition with Gravity. The cross-chain blockchain-agnostic network helps users with seamless interoperability and builds up momentum for interchain adoption in the Ethereum ecosystem. By introducing the ERC20 USDN port on the Gravity network, Neutrino is actively synergizing major strategic partnerships through its Ethereum DeFi projects.