Today, AllianceBlock, a project developing compliant and data-driven products to help financial institutions access decentralized finance opportunities, announced a new partnership with Flare Network, a platform bringing Turing-complete smart contracts to all native layer-1 blockchains.
Both organizations share a similar mission: to build a more participatory economy that connects traditional and decentralized finance. The partnership will support cross-chain swaps and increase liquidity across both networks.
Highlights
- Flare will deploy AllianceBlock’s Compliance and Regulatory Layer, allowing it to incorporate new services including AllianceBlock’s Liquidity Mining as a Service (LMaaS), helping to increase the liquidity of its token and DEX services powered by AllianceBlock. Together, these services will deliver a full, end-to-end decentralized financial infrastructure for users of AllianceBlock and Flare Network.
- Also, Flare will benefit from AllianceBlock’s decentralized peer-to-peer funding protocol, AllianceBlock Fundrs. Enabling smarter investment, lending, and borrowing in the decentralized finance space, Fundrs will contribute to the growth of the thriving Flare ecosystem by attracting additional DeFi players and capital for their on-chain projects. This follows a recent partnership with Graypes, who will also integrate Fundrs to facilitate a fast track to investment platform for users.
- AllianceBlock Bridge, AllianceBlock’s decentralized interoperability solution will integrate Songbird, Flare’s Canary Network. This phase will establish cross-chain interoperability for both networks and lay the foundation for implementing our solutions later.
- AllianceBlock DEX, AllianceBlock’s decentralized exchange which vastly reduces the risk of impermanent loss currently present in the industry by leveraging a newly designed automated market maker, will also be integrated with Songbird, helping to support cross-chain swaps and enable liquidity optimization across both networks.
“Here at AllianceBlock, we’re set on consistently building relationships with the most prominent blockchains in the industry and offering them solutions that can benefit not only their ecosystems, but the entire industry. This partnership is special for a variety of reasons, but I’m most excited for the deployment of our long-awaited DEX on Songbird, a scalable, low-carbon blockchain focussed on growing the DeFi industry in a sustainable, future-focused way.”
– AllianceBlock Co-Founder & CEO, Rachid Ajaja
Recently, AllianceBlock recently launched a new technical roadmap featuring a full eight-piece product suite including a decentralized interoperability solution, white label liquidity mining campaigns, and trustless user identification.
Originally published here
Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
