Allbridge Will Integrate More Than Three Protocols By the End of 2021

Allbridge CoFounder was kind enough to drop some exclusive news and updates for DeFi Direct users.

By
Kyle Heise
on
November 18, 2021
Category:
Breaking News

Allbridge Talks of Important Growth

Allbridge co-founder Andriy Velykyy took another deep dive into bridging assets across decentralized finance while chatting with Greg, Goon Trades, during a DeFi Direct livestream on Nov. 16th. 

Velykyy spoke with Greg for nearly an hour beginning at 18:00 UTC, granting listeners to some exclusive content regarding dynamic fee structures and releases in upcoming weeks. The powerful cross-chain bridge will be expanding capabilities to include Polygon and more by the end of 2021. 

“Again, when I share my vision, be reminded it is not something set in stone,” Velykyy said to Greg. “Please understand the development is something that can take one or two more weeks here and there, but we will integrate Phantom and Arbitrum by the end of the month.”
Source

A key to the topics at heart with Allbridge is their philosophy of the freedom of movement for assets. The unsung hero in helping Allbridge access this philosophy and provide liquidity is Saber, the multi-chain protocol providing liquidity for Allbridge. Velykyy admitted to essentially not being able to function without the help of Saber.

Liquidity when swapping between chains is becoming a critical issue for the protocol, and Velykyy was keen to say that they are constantly searching for solutions. Another constant is the ongoing need for security and audits, to which Allbridge works extremely close. 

“A lot of cybersecurity companies are moving on from building audits to a subscription model. If you think about it, we as a bridge deploy new code almost every week [...] the code gets updated. An audit today doesn’t always mean insurance for tomorrow.”

After their second meeting, Goon Trades and Andriyy have begun to create a solid rapport. Velykyy also divulged users on the future for Allbridge into 2022 and beyond. The future of bridge swapping between native tokens is an intriguing venture. 

To see the whole conversation, check it out here.


About Allbridge

Allbridge is a modular and expanding token bridge with on-chain consensus. It’s a simple, modern, and reliable way to transfer assets between blockchain networks. Allbridge’s mission is to make the blockchain world borderless and provide a tool to move assets between different networks freely. In the future, it will evolve into a DAO-style multi-chain hub, establishing connections between the EVM and non-EVM networks.

Where to find more about Allbridge:

Website | Twitter | Telegram | Medium | Trustpilot

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Kyle Heise

Born and raised in the East Bay of California. He has studied and worked on three continents and lived in eight countries. Kyle resides in San Francisco. Go Giants!