What Is Relaychain?
Relaychain is a multi cross-chain platform developed to bring BaaS (Bridging as a Service) to help the often fragmented DeFi liquidity space. What is really unique to the bridge is that when a new ecosystem is created, the bridge connects that asset and ecosystem to all the other ones they support. At launch they currently support bridging to Ethereum, BSC, Avalanche, Polygon (Matic), and Heco — with more coming soon. Relay’s bridges were first to introduce the bridge gas token faucet to Defi where the bridge itself airdrops the native gas token to new users to reduce friction for people starting out on new chains.
Relay allows traders to reach many markets simultaneously by integrating cross-chain swaps into popular DEX, CEX, dApps and wallets, bringing new arbitrage opportunities and increased exposure to lucrative trades. For the rest of us, Relay means they can move crypto between blockchains with simplicity, security and speed, making cross-chain DeFi accessible to the masses.
Because Relay is a service, you might not even know you’re using it, yet Relay is the premiere bridge of DeFi, unifying the decentralized world and rewarding the holders who help. Relay allows traders to reach many markets simultaneously by integrating cross-chain swaps into popular DEX, CEX, dApps and wallets, bringing new arbitrage opportunities and increased exposure to lucrative trades. For the rest of us, Relay means they can move crypto between blockchains with simplicity, security and speed, making cross-chain DeFi accessible to the masses.
Relaychain Storage Key Points
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Relaychain Coin goal at Relay Chain is simple, “”Have the best and safest bridge””. They will provide value to the token holders by giving them native gas tokens for providing liquidity instead of the native project token. By doing this they eliminate all sell pressure to Relay and they can give the highest APY’s to Liquidity Providers. This allows us to have a token that provides value, and it’s deflationary (via buyback and burns) which is doing with a portion of the gas token profits from bridge transactional volume. The brings the positive feedback loops and true ecosystem synergy into the Chain ecosystem where all partners provide utility to the end users of the platform.
Cross Chain Swaps and Arbitrage Explained
As more and more blockchains are operational, there is an unprecedented demand to move capital efficiently from chain-to-chain. Bridges are paramount to solving the issue of fragmented liquidity across chains. Cross-chain swaps enable tokens to be transferred from one blockchain to another without [ledger-entry] conflicts between chains, ensuring that transaction value remains the same. A “bridge” that carries out cross-chain transactions needs to be secure and fast to have utility for DeFi.
One Zero Exchange
Relaychain toward the end of 2020, it became clear that Ethereum would not be the only smart-chain pow- ering DeFi. For all of the innovation that Ethereum delivered, the high fees, slow transactions, and frequency of failed trades crippled DeFi participation. Users began seeking solutions to Ethereum’s outdated performance on 3rd generation blockchains (e.g. Binance Smart Chain, Avalanche, Poly- gon, Solana, Fantom, Cosmos, etc.).
Unfortunately, each of these new blockchains was an island, isolating user value and reducing trad- ing opportunities. Consequently the demand for all tokens to be accessible between all block- chains became one of the largest problems in crypto. DeFi participants needed the ability to move capital between chains with ease, security, and speed.