Plasma.Finance Partners up with Socket!

Shortly after our platform updates, Plasma.Finance is back with the new announcement, featuring an exciting partnership with Socket.

A Unique Multi-Chain Bridge

Following up to a month full of new updates, Plasma.Finance is excited to announce its brand-new partnership with Socket, bringing new ways to unify the DeFi ecosystem and enable seamless asset & information transfer between different protocols. Asset management across different chains is essential to Plasma, and will bring a definite opportunity for our community members to conduct decentralized transactions across different chains!

A new instant token bridge on Plasma.Finance for all major tokens supports 8 chains: Ethereum, Optimism, BSC, xDAI, Polygon, Fantom, Arbitrum, Avalanche.

Try a new Socket Bridge on Plasma.Finance here.

Manage any DeFi Token with Ease

Plasma.Finance provides a simple route toward Decentralized Finance. Invest, store, and manage any DeFi token with ease via our DEX supporting ETH, BSC, Polygon Avalanche, Fantom, Celo, and many other tokens! Aggregating all DeFi assets, liquidity pools and saving deposits requires efficient processes with an ability to seamlessly swap across different chains. Indeed, this brand new partnership will solidify Plasma’s mission to offer decentralized asset management, improving our user experience, liquidity fragmentation, and true interoperability to our community members!

About Socket

Socket empowers users with true interoperability, building apps as a core part of their technology. Thanks to Socket, developers can break through multi-chain problems and build unified apps with shared liquidity states across different chains! To facilitate efficient asset transfers across chains, Socket’s Liquidity Layer brings all asset bridges into a single metal bridge. This technology enables users to automatically select the proper bridge/route based on developer choices such as cost, latency, and security. Additionally, Socket’s Data Layer allows programs to go beyond chain boundaries and design efficient protocols. Socket already has many use cases, including in-app bridging, decentralized deposits, multi-chain yield farming, supercharged money markets, and position migration! More information about different use cases can be found here.

2022 has much more to offer to our community, and our team is working very hard to provide the best path available to Decentralized Finance! We look forward to giving you many more updates in the near future, allowing our community members to truly experience DeFi.

Be sure to catch all new announcements of our project by following Plasma.Finance on Twitter. You can also join our Telegram for direct communication with the team!

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Plasma.Finance Partners up with Socket! was originally published in 0xPlasma on Medium, where people are continuing the conversation by highlighting and responding to this story.