Home Crypto News Multichain Bridge Integrates With RSK to Improve DeFi Entry on Bitcoin

Multichain Bridge Integrates With RSK to Improve DeFi Entry on Bitcoin

by Cryptoroz

Multichain, beforehand often known as Anyswap, has introduced integration with RSK blockchain, a Bitcoin merge-mined good contracts platform.

  • In accordance with the press launch shared with CryptoPotato, the combination goals to facilitate the switch of ETH, USDC, BUSD, and different property between RSK, Ethereum, and BNB Chain.
  • The broader focus of the decentralized cross-chain router protocol shall be on enabling better entry to DeFi on Bitcoin.
  • The staff revealed that customers will be capable of bridge their ETH, USDC, BUSD, BNB, WBTC, and DAI between RSK, Ethereum, and BNB Chain.
  • Following the event, Diego Gutiérrez Zaldívar, co-founder of RSK, stated,

“I’m excited to see Multichain select to combine RSK as its first Bitcoin layer 2. RSK is dwelling to the fastest-growing DeFi for Bitcoin ecosystem with protocols which are constructed to final and supply actual options to the problems customers face in centralized finance. This can be a large step ahead in interoperability for RSK meaning hundreds of recent customers can entry these DeFi providers.”

  • Multichain secured $60 million in December in a seed funding spherical led by Binance Labs.
  • A month later, the cross-chain protocol suffered a serious hack after attackers managed to take advantage of a vulnerability.
  • Consequently, $3 million in cryptocurrency was drained through the course of.
  • Nonetheless, one white hacker reportedly returned roughly $813,000 value of ETH.
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