Syscoin and Chainge Finance Team Up to Deliver the DeFi Dream

In the fourteen years since Bitcoin launched, the need for an alternative to centralized finance is apparent as it’s ever been. Although blockchain technology has evolved considerably in that time, giving people the power to be their own bank by removing middle men remains one of the more alluring benefits of decentralized finance. Like Syscoin, Chainge Finance shares this goal to facilitate the shift towards a more equitable financial reality, which is why we are proud to announce them as our latest partner.

Chainge Finance is committed to making financial freedom accessible to all. They offer a wide range of decentralized services, such as a multi-functional cross-chain wallet, an Escrow Module, a top DEX Aggregator, a Futures DEX, a virtual Credit Card, and the first-ever decentralized Options DEX. All these services are powered and secured by Fusion DCRM technology.

Chainge’s Cross-Chain Roaming is a game-changer, taking the cross-chain experience to the next level. With this feature, users don’t have to worry about which chain their assets are on when making transactions, swapping in DEXs, adding liquidity, or writing options. Even if assets are spread across multiple chains, users can carry out their operations seamlessly without being concerned about cross-chain issues. Everything runs in the background, fully decentralized, and the Chainge app currently supports nearly twenty chains and 100 assets that can easily move between chains with just a few taps. This unique approach to cross-chain technology offers a level of interoperability not found elsewhere, revolutionizing the way users interact with their assets and allowing them to focus on efficiently managing their wealth.

Chainge Finance’s Cross-Chain Aggregator is white-label and unique in its ability to split transactions across different chains. With numerous wallets using their SDKs, this partnership is a significant step forward for Syscoin adoption.

“This collaboration is a significant step forward in our shared vision of creating a more scalable, fast and interoperable blockchain ecosystem. By leveraging our technology, Syscoin and Chainge users alike will benefit from faster, more efficient transactions, and enhanced security measures. We look forward to working closely with the Syscoin team to drive the continued growth and adoption of decentralized finance and provide our users with a truly decentralized and user-friendly experience.” — Dejun Qian, CEO of Chainge.

Integration

The partnership will see Chainge Finance integrate Syscoin’s native token, $SYS, will have various functionalities in the Chainge app, and will be compatible with SYS Labs’ L2 Rollux. Users will immediately be able to access:

• Secure self-custodial wallet: Users can store $SYS securely, with the option to import their seed phrase into other self-custodial wallets.
• Seamless swapping: Users can swap $SYS through the Chainge Cross-chain aggregated DEX, depending on liquidity.
• Easy transactions: Users can send/receive $SYS via wallet address, phone number, or Twitter handle.
• Decentralized escrow: Users can use $SYS to purchase goods/services/crypto OTC through the Chainge decentralized escrow module.

*Note: For swapping, liquidity must be aggregated from a DEX or added through an incentivized program for users.

You can research Chainge Finance on their website, which is currently undergoing a redesign, but we highly recommend you experiment with their app, which you can download from the iOS or Google Play app stores to start exploring their services.

“We are thrilled to embark on this partnership with Chainge Finance, as their groundbreaking Fusion DCRM technology and Cross-Chain Roaming capabilities align perfectly with Syscoin’s mission to foster a more equitable and efficient financial landscape. The mutual benefits of this collaboration are clear, and we believe that together, we will drive widespread adoption and unlock new opportunities for users within the DeFi space,” said Jagdeep Sidhu, Lead Core Developer of Syscoin and President of the Syscoin Foundation.

This partnership between Syscoin and Chainge Finance is an exciting development for the DeFi ecosystem. By joining forces, we’re paving the way for a more equitable and accessible financial future. Both Syscoin and Chainge Finance will attend Consensus in Austin next month, so be sure to connect with us if you’re planning to be there as well. In the meantime, stay tuned for more updates on this exciting collaboration as we will be announcing more capabilities that are on the horizon!

About Chainge Finance

Chainge Finance is a Web3 DeFi app that currently stands as the most liquid cross-chain aggregated DEX on the market.

Chainge offers a wide array of decentralized services including a multi-functional cross-chain wallet so that users can seamlessly swap, send and receive assets across networks, an Escrow Module, a top DEX Aggregator, a Futures DEX, a virtual Credit Card and the very first decentralized Options DEX — all powered and secured by Fusion DCRM tech

Website | Twitter | YouTube | Medium | Telegram | Reddit

About Syscoin

Syscoin is a decentralized and open-source project founded in 2014 whose NEVM blockchain combines the best of Bitcoin and Ethereum in a single coordinated modular platform.

Syscoin is ushering in the next step in the evolution of blockchain technology, providing Bitcoin’s proven security and Ethereum’s Turing-complete programmability elevated to true scalability via Optimistic, ZK-Rollups, Cross-chain ZK-Rollups and other Layer 2 technologies.

Website | Twitter | Telegram | LinkedIn | Reddit | Facebook | Discord | YouTube | Instagram

Mar 21, 2023 by Syscoin Foundation