Wanchain Launches XFlows For Faster, Cost-Effective Native To Native Cross-Chain Swaps
Wanchain introduces the XFlows platform for users to swap native or closest native-equivalent assets securely and efficiently.
London, February 19 – Wanchain, a global leader in decentralised blockchain interoperability, is pleased to announce the launch of the XFlows – native to native cross-chain swaps. This new platform allows users to swap assets across chains using the XFlows technology and always receive native or closest native-equivalent assets.
XFlows is a decentralised cross-chain solution powered by Wanchain’s cross-chain bridges that hold the best safety track record in the industry – seven years with zero downtime or exploits, giving users peace of mind with every swap.
“XFlows has become an integral part of the future of cross-chain swaps. The introduction of the XFlows, native to native cross-chain swaps, is a step closer in that direction as it offers slippage-free transactions that are fast, low-cost and decentralised,” said Temujin Louie, CEO of Wanchain.
XFlows provides users with slippage-free transactions while swapping the same type of assets across chains. For example, when the user swaps USDC on Solana for Binance-Peg USDC on the BNB Chain, his transaction will incur zero slippage. This is possible because of the unique mechanism of how Wanchain uses decentralised liquidity pools.
In addition, Wanchain XFlows simplifies moving assets across chains by allowing users to swap between any kind of asset across 16 supported blockchains, with more chains coming soon. For example, users can swap USDT on Tron for Binance-Peg ETH on the BNB Chain. This provides a hassle-free one-click cross-chain experience with no need for multiple complicated transactions.
XFlows automatically chooses the most cost-effective way to save users money for each swap. It picks the best out of three different routes:
1. Wanchain’s Bridges
2. Wanchain’s Bridges + Swap on Wanchain’s L1
3. Wanchain’s Bridges + Swap on Aggregator like OKX DEX
For more advanced DeFi users, the XFlows platform offers the opportunity to add liquidity to the BTC, ETH, USDT and USDC pools. By doing so, these users will not only earn fees from each swap, but they will also receive additional farming rewards in the xWAN token.
xWAN makes its debut today, together with the launch of XFlows. It is Wanchain’s escrowed token given as a farming reward for users who add liquidity to XFlows pools. This is just one among its many other potential use cases. As a new WAN derivative, it exists as an escrowed wrapped version of WAN that requires vesting to unwrap it. Users will be able to redeem xWAN for WAN by using this tool.
Overall, the new XFlows platform represents a secure, fast and cost-effective solution for users who want to receive native or closest native-equivalent assets in each of their swaps. The major benefit is that they can easily use these assets with virtually any centralized exchange or DeFi protocol.
About Wanchain
Wanchain is a global leader in decentralised blockchain interoperability and creator of the blockchain industry’s first decentralised cross-chain bridge. Since its founding in 2017, Wanchain has remained committed to driving blockchain adoption by establishing a unified decentralised network of blockchains built on industry-wide standards and specifications. Wanchain’s cross-chain infrastructure, renowned for its engineering rigor and industry-best uptime, empowers developers to build truly decentralised cross-chain applications to power the future of Web3. Today, this decentralised infrastructure supports countless products across dozens of EVM and non-EVM networks.
For more information, visit wanchain.org.
This press release is brought to you by EAK Wire, the leading Web3 PR Newswire.
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
