We are thrilled to announce the addition of the new stablecoin asset to our bridge. In collaboration with Saber — the leading cross-chain AMM for pegged assets on Solana, we are launching a bridge for DAI.
By wrapping it into aeDAI, Allbridge enables the cross-chain transfers from Ethereum to Solana. In addition, the transferred DAI can be used in liquidity provision on Saber’s aeDAI — USDC stablecoin pool.
We are always eager to add an additional bridge avenue for new assets and work together with Saber to bring more liquidity over to Solana. If you are curious to try their platform, visit their stable asset pool. To access DAI on Solana use Allbridge’s solution.
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 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.