We are introducing a new blockchain option for DAI transfers. With the assistance of our partners at Saber — the leading cross-chain AMM for pegged assets on Solana, DAI can now be bridged between Avalanche, Solana, and Ethereum.
Stablecoins are an incredibly popular choice for Allbridge users, thus we are looking to provide more options and chains to choose from. We believe that the integration of the Avalanche DAI is going to make an excellent addition to the existing Avalanche-bridged stablecoins assets.
Saber enables our users to freely use their bridged assets within the vast Solana ecosystem by establishing the first Avalanche DAI — USDC pool and providing a platform where DAI can be exchanged into other stablecoin options available on Solana.
Saber is the leading cross-chain AMM for pegged assets on Solana, such as stablecoins and wrapped assets. As Solana’s core cross-chain liquidity network, Saber helps facilitate the transfer of assets between Solana and other blockchains. Users deposit crypto into a Saber liquidity pool to earn passive yield from transaction fees, token-based incentives, and eventually automated DeFi strategies.
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 mission is to make the blockchain world borderless and provide a tool to freely move assets between different networks. In the future it will evolve into a DAO-style multi-chain hub, establishing connections between the EVM and non-EVM networks.