Avalanche is integrated into Router Protocol’s cross-chain XCLP testnet
Interoperability has been a major goal of the Avalanche network since the introduction of its mainnet late last year. While the Avalanche ecosystem has grown significantly since the Avalanche-Ethereum Bridge was launched, it still needs further interoperability solutions to achieve its full potential. With over 500 ERC-20 tokens and more than 50 separate projects running on the blockchain, increasing Avalanche’s liquidity is critical.
Avalanche will be able to achieve this aim even faster by integrating with Router’s newly released XCLP testnet. Users can currently exchange secure coin assets between the Ethereum (Kovan), Matic/Polygon, Binance Smart Chain, and Huobi Chain testnets.
On the testnet, swaps take less than a minute to complete. The trades would take the same amount of time on the mainnet.
Although the current version of the XCLP testnet only allows for secure coin swaps, the protocol’s next version would allow for the transfer and swapping of a variety of other tokens. On different chains, they will use Router multi-chain AMM, the Dyfn Network, to accomplish this.
Router Protocol’s overall approach to cross-chain liquidity stands out for a few main reasons. To begin with, the protocol does not suffer from the token liquidity fragmentation that many cross-chain solutions do. The protocol also provides unified gas fees, which ensures that exchanging asset A for asset B on another chain would be both quicker and cheaper, and users won’t have to worry about keeping track of different chains’ gas reserves. Users will be able to customize the trade’s conditions, aiming for the best price and execution certainty.
Finally, Router’s most significant feature is that it allows users to delegate tasks. ROUTE token holders will be able to provide liquidity to the network by acting as validator nodes, earning a share of the platform’s gas fees for allowing cross-chain transactions.
The entire Router Protocol codebase will be available as a plug-and-play module for developers. The entire process of cross-chain transfers and swaps has been abstracted, allowing developers to concentrate solely on product development. Router can do all of the heavy lifting in terms of inter-blockchain contact and transfers.
Users who want to participate in the XCLP testnet can do so, and then use Router faucet to get all of the testnet coins they need.
In the next 4 to 6 weeks, Router expect to launch the mainnet for all of the chains currently in the XCLP testnet. Liquidity mining for ROUTE and its partner token DYFN will also be added to the XCLP program.
Integrating Avalanche into the cross-chain network and liquidity mesh is a great Milestone for the Router protocol. Their mission is to make it as easy as possible for users to enter the Avalanche ecosystem from other chains.
About Router Protocol
Router Protocol is building a suite of cross-chain liquidity infra primitives that aims to seamlessly provide bridging infrastructure between current and emerging Layer 1 and Layer 2 blockchain solutions.
Avalanche is an open-source platform for launching decentralized applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Avalanche is the first decentralized smart contracts platform built for the scale of global finance, with near-instant transaction finality. Ethereum developers can quickly build on Avalanche as Solidity works out-of-the-box.