At rhino, we prioritize delivering the best cross-chain transaction experience so we can accelerate the adoption of DeFi. Today, we are excited to announce a significant advancement in our technology stack: the integration of Across protocol. By combining the strengths of two of the largest bridge providers in the space, we are creating a super-liquidity tech stack that offers larger, faster, and more secure bridging through rhino.fi.
Bridges currently provide the infrastructure for value to move across chains, an indispensable part of the DeFi experience. It is imperative for bridges to build robust protocols that can stand the test of time, by striking a balance between decreasing cost/speed whilst staying innovative.
Intent-focused architecture
Intent-based bridges maximise solver networks, and the vast liquidity these solvers provide, to provide fast and cheap execution of cross-chain orders. Across introduced this new paradigm in cross-chain experiences in 2021, seamlessly connecting users with applications.
Whilst intent protocols have been growing in popularity due to the large liquidity and speed they can provide, the requirement for solvers to rebalance frequently and maintain liquidity across chains compounds as the number of supported chains increases, making it difficult for intent-based bridges alone to scale and launch on the wave of new L1s, L2s and L3s flooding the DeFi market.
rhino’s Dual Approach: Best of Both Worlds
At rhino, user experience is paramount. By integrating Across where it is available, we can now harness the power of intents to boost liquidity across these chains. We’ll be launching our V1 of the integration on Arbitrum, Optimism, Polygon, Base and Scroll. On chains where Across is not yet operational, we continue using rhino’s robust infrastructure. This dual approach ensures that our users enjoy the best liquidity on established chains, alongside excellent liquidity from day one of a new mainnet launch.
Enhanced Liquidity: Integrating Across’s solver network increases liquidity across their live chains, allowing for larger transaction sizes.
Reduced Fees: Leveraging the solver network reduces transaction fees, making cross-chain transactions even more cost-effective.
Speed and Security: Our hot wallets ensure rapid and secure asset delivery, while Across handles rebalancing and trading.
Risk Management
One of the significant advantages for our users is that rhino assumes the risk associated with transactions and rebalancing through across. We manage the complexities and potential risks, providing a smooth and secure experience.
Improved Bridge Functionality
By integrating Across, rhino’s bridge functionality is significantly enhanced. Our platform now offers super-liquidity by combining our existing liquidity with Across’s extensive solver network. This integration not only improves the user experience but also allows us to focus our liquidity on supporting new chains, providing even faster and more liquid routes to the hot new chains you want to explore.
We’re setting a new standard in cross-chain transactions and look forward to our users benefiting from these advancements.Stay tuned for more updates and join us on this exciting journey towards a more interconnected and liquid crypto universe. For more trending news articles like this, visit DeFi Daily News.
Conclusion: Into the Future of Super-Liquidity
As we usher in a new era of super-liquidity in the DeFi space with the integration of Across protocol, rhino is at the forefront of enhancing cross-chain transactions for our users. The dual approach we have adopted, combining the power of intent-based bridges with our own robust infrastructure, ensures that our platform offers the best of both worlds.
With improved liquidity, reduced fees, and enhanced speed and security, rhino is committed to providing a seamless and secure cross-chain transaction experience. Our risk management strategies further guarantee a smooth process for our users, allowing them to focus on exploring new chains and maximizing their DeFi potential.
Join us on this exciting journey as we continue to innovate and advance the DeFi ecosystem. Stay tuned for more updates and prepare to delve into the interconnected and liquid crypto universe with rhino.fi!
