(CoinDesk) Decentralized exchange DeversiFi is initiating a new feature that will integrate multiple chains in a cost-efficient way.
The new feature aims to solve the problem associated with the current multi-chain ecosystems. Under the current ecosystems, users have to set up multiple bridges or wallets and end up paying high gas and transaction costs.
Will Harborne, DeversiFi founder, says that the exchange wants to integrate the multiple chains and remove the existing cognitive load and complexity. He says users can buy tokens on other chains without needing the bridges.
DeversiFi will build the first cross-chain feature by integrating Polygon. The exchange will bring on board Avalanche, BNB Chain, Arbitrum, and Optimism in the coming months.
The DeFi exchange says it will first partner with DEX aggregator ParaSwap to help users convert their USDC or USDT tokens into Polygon tokens.
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