Allbridge Launches Bridge for Fantom Assets to Solana Through Saber

The bridging solution expands its capabilities even further by bringing Fantom assets to the Solana ecosystem.

By
Anirudh Tiwari
on
December 2, 2021
Category:
Breaking News

Fantom Assets Now on Solana

Allbridge and Saber have entered into yet another partnership on Nov. 30 to launch a new cross-chain bridge between the Fantom and Solana networks. 

Saber will enable the swaps of the bridged assets and liquidity tokens on the exchange. As a result of this partnership, the Fantom assets bridged to Solana are Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and Dai (DAI).

“We are always excited to work with Saber, allowing us to bring additional liquidity to the Solana blockchain. At the same time, we enable Fantom users to interact with the fastest-growing ecosystem in the crypto space. Trading pools on Saber are now live, and soon SBR incentives will be launching for liquidity providers,” read the official Allbridge Medium blog from Nov. 30.
Source | Allbridge Medium

Earlier this month, on Nov. 24, Allbridge announced a collaboration with BeetheovenX, a decentralized investment platform, to launch multiple new bridges for SOL to Fantom. This enables users to bridge SOL tokens to Fantom from any chain available at Allbridge.

As previously reported by Solana.News, Saber collaborated with Allbridge to bring Huobi ECO (HECO) Chain assets to Solana. 


About Fantom

Fantom is a scalable open-source platform designed for the deployment of digital assets and decentralized applications (dApps). The blockchain network uses the aBFT consensus model to enable fast, secure, and reliable transactions at a low fee. Fantom averages a transaction finality of 1 second per transaction.

Find more about Fantom here:

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Anirudh Tiwari

Anirudh is a cryptocurrency analyst and writer who specializes in derivatives, DeFi, regulations and CBDCs. He has a Master’s degree in Finance. Before delving into crypto, he worked with a leading U.S. based investment bank. Apart from work, he is a music connoisseur and likes to play the drums.