Palo Alto, USA, 28th March, 2023, Chainwire

Boba Network, the only multichain layer-2 blockchain scaling solution and the only smart contract platform that enables Web3-Web2 interoperability, is pleased to announce its integration with LIFI. This means that Boba Network users can now easily bridge and swap their assets across all 15 of LI.FI’s supported chains by using their cross-chain swapping interface at https://jumper.exchange/. Furthermore, Boba Network dApps can directly integrate LI.FI’s bridging solution onto their sites, allowing users to swap or withdraw Boba Network assets without leaving the dApp.

Launched in September 2021, Boba Network is a universal Layer-2 scaling solution that aims to reduce transaction costs, computation fees, increase throughput, and expand the capabilities of smart contracts on the Ethereum network or other L1s. It is the world’s first multi-chain Layer-2 network, allowing users to choose their favorite Layer-1 as the settlement layer. Boba Network inherits the security of the underlying layer-1 chain and has several features that differentiate it from other Layer-2 solutions, such as its multi-chain support, Hybrid Compute, EVM-equivalent functionality, low gas fees, and dual gas token payment options.

One of the main advantages of Boba Network is its multi-chain support, which allows developers to create dApps with massive throughput requirements and advanced capabilities. It has already deployed multichain support for Binance Smart Chain, Avalanche, Fantom, and Moonbeam. Additionally, Boba Network’s Hybrid Compute enables developers to build smarter dApps by connecting to off-chain APIs, which helps to break down the barriers between on-chain and off-chain ecosystems.

LI.FI’s integration with Boba Network allows users to access the Boba ecosystem from almost anywhere in the EVM-compatible world. By using LI.FI’s cross-chain swapping interface, users can easily swap any token from 15+ chains to and from Boba Network in just a few clicks. LI.FI will route the transaction through the most efficient combination of its supported DEXs and bridges, ensuring that users get the best exchange rate and lowest fees possible. Furthermore, Boba Network dApp builders can quickly integrate LI.FI’s widget or SDK to allow users to bridge and swap inside their dApp.

In conclusion, LI.FI’s integration with Boba Network is a significant step forward for both ecosystems. Boba Network users can now easily access LI.FI’s cross-chain swapping interface, allowing them to swap their assets across different chains quickly and efficiently. Furthermore, Boba Network dApp builders can integrate LI.FI’s bridging solution onto their sites, providing their users with an easy and seamless way to swap or withdraw Boba Network assets without leaving the dApp. With Boba Network’s multi-chain support, Hybrid Compute, and LI.FI’s cross-chain swapping interface, the possibilities for decentralized finance are endless.

About Li.FI

For more information about the LI.FI protocol,

About Boba

Boba Network is an optimistic-based multichain layer-2 scaling solution that aims to unlock the potential of rollup technology and enable more flexible blockchain communication. The protocol is fully compatible with EVM-based tools and has already deployed multichain support for Avalanche, BNB, Moonbeam and Fantom, supporting lightning-fast transactions and fees anywhere from 40-100X less than the respective layer-1. Boba Network is powered by Hybrid Compute technology that brings the power of Web2 on-chain, with smarter smart contracts that allow developers to leverage off-chain compute and real-world data to deliver enriched experiences for decentralized applications. 

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Tal Dotan
[email protected]

The post Boba Network Announces Integration with LIFI which now supports bridging and swapping to and from the Network appeared first on CaptainAltcoin.

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