Zetachain supports native Bitcoin swaps on DEX Curve
On January 3, ZetaChain announced that they will soon appear on the Curve DEX, starting to support users converting native BTC and accessing Omnichain’s asset pools.
Today, we announce @CurveFinance will integrate ZetaChain for the first native BTC support for cross-chain swaps and omnichain asset pools. Learn more about the integration and what to expect on ZetaChain mainnet 👇 pic.twitter.com/6xZQmdeS0D
— ZetaChain (@zetablockchain) January 3, 2024
ZetaChain is a decentralized Layer 1 blockchain, built on Tendermint Consensus and Cosmos SDK for interoperability with other Layer 1 and Layer 2 blockchains. ZetaChain uses a Proof of Stake (POS) consensus mechanism to allow transactions to be verified using trust-minimized properties – a term for a system that operates without requiring the trust of third-party.
ZetaChain’s Omnichain multi-chain interoperability technology not only supports EVM blockchains but also allows transactions on blockchains that do not support smart contracts such as Bitcoin or Dogecoin.
This partnership, in the future, is expected to attract trading volume to Curve; providing a new type of collateral for crvUSD, Bitcoin; and provide a more seamless trading environment in the cryptocurrency space.
Related: Curve DAO Agrees to Compensate 42 Million USD CRV
Upcoming plans include deploying Curve to ZetaChain’s mainnet, however, there is currently no specific timeline for this process. Both projects will then propose rewards to contributors and apply a growth mechanism to the partnership.
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