Revolution in Cross-chain Space: Decentralized Instant Swaps
On November 15, Kinetex co-founder Tigran Bolshoi had an online discussion with Faraj Abutalibov, CCO of Venom Foundation, about the future of cross-chain space at the Genesis XBT Crypto Conference.
They touched on many of DeFi's challenges, including security, rates, and bad UX. They also talked about cross-chain bridges and the issues they cause. Finally, they devoted a big part of their discussion to Kinetex's new approach to cross-chain swaps.
Bolshoi proposed a non-custodial solution in the form of a decentralized network of professional resolvers who will compete to fill user orders and execute them according to the conditions that users specify initially. This new approach is super fast, very cheap, ensures a range of liquidity sources, and has guaranteed rates.
Read a full recap on the blog!
Try swapping with Kinetex dApp!