Allbridge Launches Cross-Chain Transfers to NEAR Protocol
Allbridge is thrilled to announce the integration of native NEAR!
This integration allows a wide range of DeFi users to interact with NEAR Procotol’s growing ecosystem. In addition, NEAR has recently raised $150M in a round led by Three Arrows Capital.
Following the integration, Allbridge plans to bring a number of new assets to NEAR. The bridge will launch with Terra’s LUNA and UST, Solana’s SOL, and Celo Protocol’s native tokens CELO and cUSD.
We are thrilled to work with our friends at Ref.finance, Jumbo Exchange DEXes, and lending protocol Burrow, who have recently launched their Beta on NEAR mainnet. They will enable users to swap the assets and participate in yield farming.
“Allbridge is excited to be at the forefront of innovation and expand user access to NEAR Protocol. This unique opportunity enables Allbridge to connect NEAR with multiple non-EVM and EVM networks, contributing to the global interoperability in the DeFi space.” — Andriy Velykyy, co-founder and CEO of Allbridge.
About NEAR Protocol
NEAR is a high-performance blockchain that is designed to be super-fast, incredibly secure, and infinitely scalable. NEAR’s vision is to create a network that enables people to re-imagine finance, creativity, and community in new and inclusive ways. NEAR is built by an award-winning team of engineers and entrepreneurs to be simple to use, inclusive and good for the environment. NEAR is backed by top VCs such as Three Arrows Capital, A16Z, Pantera Capital, Electric Capital, Dragonfly Capital, Coinbase Ventures, Blockchain.com, and Baidu Ventures.
Ref Finance is one of the core projects in the DeFi ecosystem on NEAR Protocol. Its main objective is to bring together the core components of DeFi, namely, decentralized exchange (DEX), lending protocol, synthetic asset issuer, and so on, into a single, synchronous DeFi platform. Leveraging NEAR’s 1–2 second finality, low costs, as well as its user-friendly and interoperable infrastructure, Ref aims to bring DeFi one step closer to the people
Jumbo is designed to be the most user-friendly exchange that sets out to eliminate the common struggles people experience when navigating Decentralized Exchanges.
Thanks to various aspects of NEAR Blockchain and proprietary algorithms, Jumbo works seamlessly meaning each interaction with the exchange is supplemented with immediate visual feedback and appropriate instructions.
Jumbo is specifically created to serve one purpose — unobtrusive and fun experience when trading/swapping, and staking your digital assets.
Burrow an interest rate market protocol built on NEAR that will allow users to supply and borrow interest-bearing assets.
Allbridge is a simple, modern, and reliable way to transfer assets between different networks. It is a bridge between both EVM and non-EVM compatible blockchains, that aims to cover L2 solutions and NFT transfers in the future.
Allbridge’s mission is to make the blockchain world borderless and provide a tool to freely move assets between various blockchains.