January Summary: Gas Transfer and New Liquidity Pools
January at Interport Finance was a month ignited by a passion for creating efficient tools for cross-chain trading, enhanced by integrating OFTs into our Bridge and ITP token. We proudly launched USDC staking pool with an impressive 60% APR. Also, meet the Blast testnet. As we venture into new horizons, our enthusiasm reaches new heights with ambitious plans to grow the ecosystem.
Statistics
14 Chains
440 Liquidity Sources
366K Transactions
200K Users
$436M Volume
1.2m Avg TX Time
Explore more of Interport’s on-chain statistics.
OFT Bridge Between 14 Chains
The Interport Bridge, using cross-chain vaults and LayerZero technology, streamlines asset movement across different blockchain networks. While our bridge integrates Omnichain Fungible Tokens (OFT) technology by LayerZero, its core functionality transcends beyond OFT, catering to a broad spectrum of digital assets like USDT, USDC, and other often used tokens. This system offers several advantages:
- Ease of Transfer: Smoothly move OFTs across all supported networks.
- Speed: Transfers typically complete within a minute.
- Security: We employ advanced security protocols to ensure the safety of your assets during the transfer process.
Gas Transfer Between 50 Chains
The Gas Transfer feature enables the transfer of native tokens across dozens of chains, utilizing advanced technology to facilitate easy movement of assets across diverse blockchain ecosystems. When users transfer tokens to a new blockchain, they typically face the obstacle of not possessing the chain’s native token, which is necessary for gas fees and conducting transactions. We have introduced Gas Transfer, a solution powered by LayerZero. This feature ensures that users consistently have access to gas on any chain they require.
Visit the Gas Transfer page.
ITP Token
The year kicked off with the launch of the ITP token, offering protocol sharing and governance to our investors. For further insights into ITP, explore our documentation section.
The Transformation of ITP Into OFT
The Omnichain Fungible Tokens (OFTs) concept, pioneered by LayerZero Labs, has revolutionized the DeFi space. Our ITP token’s metamorphosis into an OFT has been a pivotal moment, expanding its liquidity across major DEXs on all chains we operate on, and even planning to integrate with CEXs.
Benefits of ITP’s Transformation into OFT:
- Enhanced Accessibility: Trade and use your tokens on any supported chain.
- Streamlined Transactions: Forget the complex token wrapping and bridging processes.
- Expanded Liquidity: More liquidity equates to better trading opportunities.
- Unified DeFi Experience: A step towards a cohesive multi-chain ecosystem.
ITP Listing on SyncSwap
SyncSwap has listed the ITP token on their dApp. The ITP/ETH liquidity pool is now featured in the Prime Pools section. To celebrate the partnership, we are collaborating with SyncSwap to raffle off 500 ITP tokens among 10 winners!
ITP Liquidity Pools
ITP is now tradable across various supported chains, offering access to diverse liquidity pools. Explore the range of platforms where ITP is available for trading:
- Ethereum: ITP/ETH pool on Uniswap V2
- zkSync Era: ITP/WETH pool on SyncSwap
- Scroll: ITP/WETH pool on SyncSwap
- Linea: ITP/WETH pool on SyncSwap
- Fantom: ITP/WFTM pool on SpookySwap
Expansion of Stablecoin Pools
Our Stablecoin Pools are essential to our technology, offering high returns with APRs of up to 60% in ITP. We currently support USDT and USDC coins on Ethereum and Fantom chains, with plans to expand to more chains in Q1 2024.
Ethereum Pools
- Staking USDC at 20% APR
- Staking USDT at 25% APR
Fantom Pool
- Staking USDC at 60% APR
Dive into our Stablecoin Pools and maximize your earnings.
Testnet Bridge
Launching a new testnet bridge between Sepolia, Blast Sepolia, X1, and Berachain. Easily bridge up to 0.001 ETH for your test purposes.
Try the Testnet Bridge.
Blast Takeover
Interport, in partnership with Galxe, is gearing up for the launch of the Blast Testnet campaign. Users can complete simple social and on-chain tasks and receive a special NFT for their participation! Join the Blast Takeover quest.
A Glimpse into the Future
Chainlink’s CCIP: The Chainlink Cross-Chain Interoperability Protocol (CCIP) provides a comprehensive interface for all cross-chain needs.
Brand New Cross-Chain Aggregator: Our upcoming aggregator promises lower gas prices, fewer transaction reverts, and overall cost-effective trades.
Limit Orders Functionality: Enjoy decentralized exchange tools with the efficiency of centralized platforms, through our cross-chain and single-chain limit orders.
New Chains Integration: Enhancing our ecosystem’s connectivity by expanding to additional networks such as inEVM, Mantle, and Manta.
Conclusion
At Interport Finance, we are committed to developing a reliable cross-chain trading platform with cutting-edge functionality for future trends. With the integration of LayerZero’s messaging, as well as CCTP and CCIP, we have transformed seamless cross-chain transfers into a streamlined, user-friendly reality. Join us as we explore new horizons, shaping the future of cross-chain interaction.
