deBridge has launched the deSwap Liquidity Network (DLN), which promises to make cross-chain transfers and applications safer by no longer locking assets.
deBridge says that the DLN would allow for 0% slippage transfers of any size and will have the lowest fees of any bridge.
It further says that transferring liquidity rather than locking it eliminates the danger of Maximum Extractable Value, Automated Market Maker (AMM) fees for wrapped assets, and the establishment of honeypots by hackers.
DLN is distinct from the current popular bridging paradigm in which users lock a token in exchange for a wrapped asset. This has been one of the most significant bridge vulnerabilities exposed in the last year. Instead, DLN transmits liquidity between chains, eliminating the need to lock assets.
deBridge is a secure interoperability layer for Web3 that enables decentralized transfers of arbitrary messages and values between various blockchains. The validation of cross-chain transactions is performed by a network of independent validators who are elected by and work for deBridge governance.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu