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Tether expressed: Tether tokens (USDt) will be the first token supported by deversifi’s first bridge between a centralized and a Layer-2 (L2) decentralized exchange.
Tether token (USDt) is the first ERC-20 token to launch on DeversiFi’s first bridge between a centralized (Bitfinex) and Layer-2 (L2) decentralized exchange (DeversiFi).
DeversiFi clarifies that this L2 bridge will allow USDt holders to make instant and low-cost transfers of USDt (ERC-20), while skipping Layer-1 (L1) Ethereum.
The bridge will enable fast and low-cost transfers between Centralised Finance (CeFi) and Decentralised Finance (DeFi), while skipping Layer-1 (L1) Ethereum all together. This is happening as a part of their mission at DeversiFi to make DeFi truly accessible and they are now excited to announce their second bridge.
Since centralized exchanges are an entry point to crypto bridging CeFi and DeFi will liven up a full range of possibilities.
Will Harborne, CEO, and Co-Founder of DeversiFi believes that L2 is the future of blockchain,
“Layer-2 is the future of blockchain. Whether it’s the Lightning Network for Bitcoin or roll-ups such as DeversiFi for Ethereum, cryptocurrencies, and DeFi are finally on the verge of becoming accessible to everyone”
DeversiFi will make gas-free L2 decentralized finance (DeFi) hub possible for USDt holders to gain access to some of the best opportunities and yields in DeFi.
DeversiFi will also serve as a highway between Polygon network and Bitfinex. It is fast, private and safe. The suite of tools are best for any DeFi user.
DeversiFi decentralised exchange is the easiest way to access DeFi opportunities on Ethereum: invest, trade, and send tokens without paying gas fees. What’s not to love?
Getting started with DeversiFi couldn’t be simpler, whether you’re a crypto ninja or just starting out, the DEX really is the simplest way to access all the opportunities of decentralized finance.
DeversiFi facilitate a suite of tools which help them make the most of DeFi ranging from managing the crypto portfolio to trading, swapping and sending assets and tokens and even putting the investments to work by earning you rewards and interest. So, why not give DeversiFi a try today? You can also view your entire crypto portfolio at the click of a button.
With aggregated liquidity from other markets plus the AMMs, it’s trading the way it should. You can earn yield (interest) on your crypto investments at the click of a button.
DeversiFi is backed by the very best partners like BitFinex, Consensys, DeFiance Capital, Lightspeed, Delphi Ventures, Ledget, Blockchain.com, and Starkware.
Tether are proud about how their swift actions during the recent Poly Network hack is another demonstration of their philosophy that the community comes first, regardless of time and place.
