THELOGICALINDIAN - During the aftermost year Ethereums DeFi ecosystem has developed exponentially to anatomy a multi Billion Dollar bazaar As Decentralized Finance expands it becomes added and added accordant to accept crosschain access that accredit crypto assets to breeze instantly and seamlessly beyond blockchain networks These accomplish it accessible for DeFi platforms to be an able another to centralized exchanges Today pNetwork launches the aboriginal EOS to Ethereum crosschain affiliation to accredit the EOS crypto asset to be confused into Ethereums DeFi ecosystem
EOS on Ethereum
EOS, the built-in badge on the EOS blockchain, is a top20 cryptocurrency by bazaar cap and the agent powering one of the best alive dApps ecosystems. The asset counts over $ 3.5 Billion in circadian trading volumes, addition as the 9th best traded cryptocurrency. At present, alone a atom of the absolute is accident in a decentralized fashion.
While the DeFi ecosystem on EOS continues to grow, it has not yet accomplished Ethereum’s size. The closing admiral Billions in circadian trading volumes, Uniswap actuality the largestlarges clamminess agreement in actuality and the fourth better DeFi agreement in agreement of Total Value Locked.
Following the commitment of 26 bridges abutting six altered blockchain protocols, including the cross-chain alteration of accepted cryptocurrencies such as Bitcoin, Ethereum and Dogecoin, pNetwork launches today a new cross-chain affiliation that brings EOS to Ethereum.
As the aboriginal tokenised adaptation of EOS, pEOS makes the asset accordant with Ethereum’s DeFi. This creates a account on both sides, enabling Ethereum’s DeFi protocols to aggrandize their ambit of assets accurate and acceding EOS the advantage to be traded in a decentralized appearance as able-bodied as actuality accurate as a accessory blazon by above Ethereum-based landing platforms.
Cross-chain access are analytical for a array of use-cases, from NFTs to bazaar authoritative to decentralized indexes such as PieDAO’s Pies. pNetwork-powered asset tokenisation on Ethereum enables such indexes to represent the absolute crypto market.
All pTokenised assets are called 1:1 to their basal asset and are accessible for automatic minting or redeeming on the pTokens dApp. In addition, pTokens are accurate on a array of DeFi protocols, decentralized exchanges and wallets on a growing cardinal of blockchains.
Making Ethereum and EOS dApps Interoperable
Ethereum and EOS are two of the best alive ecosystems for dApps, counting bags of users each. By abutting these two blockchain environments, pNetwork aims to abutment the advance and development of decentralized applications such as lending/borrowing, trading, derivatives, and more. Acting as a cross-chain artery for cryptocurrencies to frictionlessly move from one blockchain to another, pNetwork admiral the aboriginal bi-directional affiliation amid the Ethereum and EOS blockchains.
Users on either blockchain are now able to collaborate with both ecosystems after anytime abrogation their blockchain of choice. Projects from both Ethereum and EOS communities accept developed architecture blocks to actualize the next-generation banking arrangement – with the affiliation amid these two, users will acquisition an alike added able DeFi ecosystem.
By leveraging pNetwork’s cross-chain solution, dApps on the two blockchain platforms now have the befalling to interoperate. Each ecosystem leveraging its counterpart’s strengths ultimately creates a account on both abandon and sets the base for acceptable growth. The attendance of an EOS/ETH decentralized trading brace both with Ethereum’s and EOS’s decentralized finance, for example, makes it accessible for bazaar makers to arbitrage amid the two blockchains. This after-effects in a added aqueous decentralized bazaar for both assets.
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