Blockchain
By James Thorp
1 / 10
The Avalanche-Ethereum Bridge (AEB) has been live already thus enabling DeFi users to seamlessly move assets like WBTC, AAVE, UNI, and LINK between the two ecosystems to further…
2 / 10
The new bridge has been connecting Avalanche with Ethereum for DeFi Transfers for more than a month now.
3 / 10
The bridge makes it possible for users of DeFi tools to transfer their assets between the two ecosystems.
4 / 10
Avalanche is appealing because of its faster transaction times, which is less than a second and the fees is also very low.
5 / 10
Emin Gün Sirer, chief executive and co-founder of Ava Labs stated, “This bridge will open the floodgates for hundreds of Ethereum assets, including cornerstone DeFi assets like…
6 / 10
ChainSafe, with Protofire, Hashquark, POA Network, Avascan and Meter.io are the members of the blockchain development group who created this bridge.
7 / 10
To use DeFi, users should lock either Wrapped ETH (WETH), ERC-20 or ERC-721 tokens in a ChainBridge contract on Ethereum.
8 / 10
Important to note that the tokens minted in this way on Avalanche will look similar to the token locked in the ChainBridge contract.
9 / 10
Recently, The Ava Labs team hosted an hour-long Clubhouse where team members from business development, marketing, and engineering came together to discuss the past, present, and…
10 / 10
For clarity, Avalanche is an open-source platform for launching decentralized applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem.
The Currency Analytics
Want the full story?