KyberSwap, a popular decentralized exchange and automated market maker, has announced a new partnership with NEAR Protocol, a decentralized blockchain to develop and run apps. The partnership takes into account the integration of NEAR Intents, a cutting-edge transfer framework built by NEAR Protocol, to offer matchless asset swaps. The platform took to its official X account to reveal this integration.
KyberSwap Incorporates NEAR Intents to Deliver Seamless Swaps Across Chains
KyberSwap is integrating NEAR Intents to boost its blockchain interoperability. The collaboration with NEAR Protocol expands KyberSwap’s aggregation abilities beyond Ethereum Virtual Machine platform. With this, KyberSwap focuses on delivering consumers a seamless trading experience. Hence, the consumers can expect optimized transaction execution and deeper liquidity with the NEAR Intents integration.
The integration permits KyberSwap users to exchange their assets across diverse blockchains without requiring complicated bridging mechanisms. The supported assets take into account $NEAR, $DOGE, $USDTT, $USDC, $ETH, $BTC, and so on. In this respect, the traders will not encounter any risks or friction that the conventional cross-chain transfers pose. In addition to this, the integration links liquidity pools operating under diverse ecosystems like NEAR, Dogecoin, Bitcoin, and Ethereum.
Apart from that, the NEAR Intents integration also provides faster finality as well as enhanced liquidity depth. These features play a crucial role in optimizing the trading experience. Apart from that, the consumers can perform asset swaps more effectively while leveraging advanced capital efficiency and lower costs. Simultaneously, KyberSwap consumers can also trade assets coming from non-EVM blockchains without renouncing the custody of the assets in their possession. Moreover, this integration ensures scalable and robust cross-chain trading along with improving security while complying with the DeFi principles.
Boosting Security, Efficiency, and Ease in Cross-Chain Transfers
According to KyberSwap, integrating NEAR Intents enhances client experience with seamless, efficient, and accessible transactions across chains. This move reportedly removes the need for traditional bridging methods. As a result of this, both NEAR Protocol and KyberSwap intend to deliver best tools to developers for DeFi. Furthermore, NEAR Intents’ inclusion lets users trade across diverse chains while maintaining comprehensive efficiency, security, and convenience. Additionally, other than this integration, KyberSwap is reportedly making active contributions to the NEAR platform by building a devoted solver for NEAR Intents. This ensures maximum reusability and efficiency across KyberSwap and beyond.
