Coinbase Ventures Supports Router Protocol
Router Protocol is the latest decentralized cross-chain to receive support from Coinbase Ventures.
As at, December 10, 2021, Router Protocol received funding from Coinbase Ventures, Alameda Research, Polygon, Woodstock, Wami Capital, QCP, De-Fi Capital, Maple Block, TeraSurge Capital, Wintermute and Shima Capital, as well as several entrepreneurs which amounted to $4.1million and also the startup raised $485,000 in its seed round last year.
In recent times, quite a good number of Blockchains have been built but they are hardly connected to each other. Router Protocol is offering developers the ability to seamlessly move liquidity across chains seamlessly.
"Router Protocol’s other offering is Dfyn, which is a decentralized exchange, like Uniswap or Pancake Swap, that is built on top of Polygon. “It’s like we have a bunch of airport terminals called Dfyn, and then we have airline routes that connect these Dyfn networks. But they also connect other airports. That’s the beauty of the whole model.” said Ramani Ramachandran, founder and chief executive of Router Protocol, in an interview with TechCrunch.
The Executive officer's expectations of cross-chain infra is high for next year and he imagines Router aiding a sale of an asset from one Blockchain and bringing it back to the native Blockchain. He also added "We anticipate future Web 3.0 activity across several multi-purpose and application-specific blockchains. Router’s XCLP will be an important cross-chain infrastructure solution enabling the flow of liquidity across chains. We are delighted to back and support the Router team in their efforts in this direction.”
Website: https://routerprotocol.com/
Litepaper: https://routerprotocol.com/assets/docs/Router-Litepaper.pdf
Twitter: https://twitter.com/routerprotocol
Telegram: https://t.me/routerprotocol
Telegram announcements: https://t.me/router_ann
Discord: https://discord.gg/yjM2fUUHvN