Interport Finance has Integrated zkSync Era for Cross-Chain Transactions
Interport Finance, the cutting-edge cross-chain Meta DEX aggregator, is excited to announce the successful integration of zkSync Era, a trustless Layer 2 scaling solution providing scalable and low-cost transactions on the Ethereum network. This integration marks a significant milestone for Interport, as zkSync is the first chain implemented after the platform’s public launch. More chains like Optimism, Cronos, Base, and Polygon zkEVM are scheduled to follow according to the roadmap.
The Power of zkSync:
zkSync is a zero-knowledge rollup, allowing off-chain computations while ensuring all transactions are proven on the Ethereum mainchain through cryptographic validity proofs. This offers users the same level of security as Ethereum while enjoying lower gas fees, faster transaction speeds, and increased scalability.
The zkSync Era Integration:
Interport’s integration of zkSync Era enables users to seamlessly perform cross-chain and single-chain swaps between zkSync and other supported chains.
For now, Interport supports 7 chains:
- Ethereum
- BSC
- Arbitrum
- Avalanche
- Polygon
- Fantom
- zkSync Era
Moreover, Interport searches for the best route for your trade among various DEX aggregators and liquidity sources, guaranteeing you the best execution prices.
Now, you don’t need to bridge your assets with numerous transactions and fees or explore different aggregators for the best rates. Interport does everything for you with a single transaction like a regular DeFi swap.
For example, you can swap $MATIC on Polygon, or any other token on a supported chain, for $ETH on zkSync Era or any other token on any supported chain. (https://app.interport.fi/137/324/MATIC/ETH)
USDC Stablecoin Pool Integration:
Stablecoin pools play a significant role in how Interport works. We use cross-chain stablecoin liquidity instead of bridges to provide fast and seamless transactions with minimal slippage.
Due to the high utilization rate, our lenders already get 20%+ APR on the USDT pool. Our pool is limited to 4M USDT, but with zkSync integration, we are launching a USDC pool limited to 500K. With increasing utilization rates, pool sizes will also be increased.
This new pool will not only allow us to provide full support for the zkSync era but also enable Interport to use USDC to find the best trading routes.
Key Benefits of the zkSync Era Integration:
- Single-transaction cross-chain swaps to/from zkSync: Enjoy seamless and best rates cross-chain swaps between zkSync and other supported chains in just one transaction, simplifying the trading process and reducing fee amounts.
- USDC Stablecoin Pool integration: Launching a limited 1M USDC pool will result in more flexible best route search algorithm possibilities for zkSync and other chains, along with high annual percentage rates (APRs) on stablecoins.
And one more big thing to come: zkSync will be the first chain integrated with the innovative cross-chain DEX aggregator we’re working on, set to launch in Q2. Stay tuned for more details coming soon!
Conclusion:
The integration of zkSync Era into Interport Finance marks a significant step forward in cross-chain transactions, providing users with a more seamless and efficient trading process. With the upcoming cross-chain DEX aggregator and the planned integration of additional chains, Interport demonstrates its commitment to offering users the best possible experience. As zkSync Era is now integrated and more chains are on the horizon, Interport users can anticipate a future filled with seamless cross-chain transactions and continuous enhancements to their trading journeys.
