Calgary, Canada, August 19, 2024, Chainwire
Asset trade and zap integration between arbitrary portals brings one-click DeFi methods to ShapeShift's multi-chain platform
Portals, a number one supplier of low-code integration options for decentralized finance (DeFi), immediately introduced that its superior know-how powers “Shifts,” a brand new characteristic on ShapeShift, a DeFi multi-chain platform and pockets. This collaboration is about to revolutionize entry to decentralized finance, making it extra accessible to each seasoned cryptocurrency customers and people new to the area.
Decentralized finance presents quite a lot of alternatives, however its complexity usually acts as a barrier to entry. Transferring between completely different DeFi belongings and positions normally requires a number of complicated transactions. The combination of trade and switching between belongings and zap portals eliminates this complexity, permitting ShapeShift customers to execute refined DeFi methods with unprecedented simplicity. By the “Shifts” characteristic, customers can now seamlessly transition from any EVM-compatible asset straight right into a DeFi place or transfer between completely different DeFi positions, all inside a single transaction.
“We’re excited to see our know-how help ShapeShift's 'Shifts' characteristic,” stated Suhail Gangji, co-founder of Portals. “This integration exemplifies the facility of our swap and zap answer in simplifying DeFi interactions. By abstracting complicated processes right into a user-friendly API, we allow platforms like ShapeShift to supply a very new degree of DeFi.”
The principle advantages of integrating portals with ShapeShift embrace:
- One-click performance for complicated DeFi operations
- Help for a number of strings appropriate with EVM together with , , Polygon, BSC, Optimism, Base and Arbitrum
- A simplified one-click consumer expertise for DeFi methods
- Higher accessibility and simpler boarding for a wider vary of cryptocurrency customers
- Gasoline saving and sturdy value affect and skid safety
The launch of “Shifts” on ShapeShift represents a serious milestone within the portals mission to simplify blockchain interactions and make DeFi extra accessible. This integration is a key a part of ShapeShift's broader ecosystem technique, which incorporates collaborations with different main DeFi initiatives reminiscent of Yearn, Lido and Athena.
“We’re excited to companion with Portals to launch ShapeShift's 'Shifts' characteristic, which represents a major leap ahead within the accessibility and intuitiveness of DeFi for our customers. By integrating Portals' superior swap and zap know-how, we allow seamless, one-click DeFi interactions that take away complexity historically related to decentralized finance,” stated Hpayne, head of promoting and protocol relations at ShapeShift.
The combination of portal APIs is predicted to result in higher adoption of DeFi methods amongst ShapeShift's consumer base and facilitate simpler interplay with varied DeFi protocols, together with income aggregators, lending platforms, liquid staking derivatives and extra.
ShapeShift's “Shifts” characteristic is now accessible to all ShapeShift customers by way of their net and cellular app.
For extra details about Portals and their DeFi integration options, customers can go to Portals.Fi.
About portals
Portals present a complete, low-code DeFi integration answer with a Swap & Zap API that permits complicated multi-chain transactions and a Information API that gives real-time and historic details about DeFi belongings. Supporting greater than 200 protocols on varied EVM-compatible chains, the portals simplify DeFi operations for builders and customers alike, providing options reminiscent of one-click performance, sturdy slippage safety, and intensive asset protection.
About ShapeShift
Based in 2014, ShapeShift is a number one DeFi platform that gives a seamless and safe interface for buying and selling and managing digital belongings throughout a number of blockchains. Powered by THORChain know-how and different main DEXs reminiscent of CoW Protocol, LiFi and extra, ShapeShift presents customers an optimum aggregated DeFi expertise with options reminiscent of zero-interest lending, escrow buying and selling, LPing and streaming swaps on prime of an easy-to-use interface portfolios. ShapeShift is targeted on enabling customers to keep up full management of their crypto belongings whereas navigating the quickly evolving multi-chain panorama.
ContactCo-founderSuhail GangjiPortalshey@portals.fi
This text was initially printed on Chainwire
