Automated Cross-Chain DeFi For Elrond Assets Via CyberFi Integration
Interoperable blockchains and the value that traverses them make up the Internet of Money. It enables value and assets to go global as soon as they are digitized. The resulting landscape is vast and might seem untamable for people looking to capitalize on the best opportunities in a timely manner.
This is why we are excited to integrate with CyberFi, an intelligent automation platform that allows traders to seamlessly engage with DeFi opportunities on multiple blockchains.
“Automation tools such as CyberFi will play an important role in levelling the playing field and giving new actors confidence to join the global financial system. The resulting influx of fresh capital will benefit all participants and will multiply opportunities.” said Beniamin Mincu, Elrond CEO.
CyberFi is creating a cross-chain decentralized trading platform that uses automation to enhance the experience of traders and enable them to capitalize on opportunities spanning multiple blockchains. The DeFi ecosystem is full of technological barriers for users, CyberFi seeks to solve problem.
Using a visual programming interface, participants will be able to engage with DeFi products such as farming, staking, liquidity pools and LP tokens management, in an automated and creative manner.
“We’re happy to give CyberFi users a front-row seat to the meteoric rise of the Elrond DeFi landscape, and offer an automated bridge for connecting it with the DeFi ecosystems on other chains” said Geralt, CyberFi CEO.
The integration is important for the Elrond ecosystem because eGold owners get access to a new set of automated tools that enable them to leverage their holdings in the broader DeFi ecosystem.
About Elrond
Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
About CyberFi — an Intelligent DeFi Automation Platform
CyberFi’s mission is to bring the DeFi 2.0 experience and add a new infrastructure layer through Automation. Users of our platform will experience zero-stress, automated DeFi trading, farming and yield generation, smaller fees, and tools for Impermanent Loss mitigation.
Beniamin Mincu, the co-founder & CEO of MultiversX, is a distinguished tech visionary and one of Europe's early blockchain pioneers. With a notable background as Product & Business at Nem Core in 2014, he subsequently founded and led MetaChain Capital as its CEO. Beniamin continues to shape the future of technology and blockchain with his unwavering vision and leadership.
