Fuse Network, a blockchain platform focused on payment solutions, has announced its integration with Stargate, the leading cross-chain asset bridge, based on the latest reports shared with Finbold on Tuesday, December 3.
The collaboration is expected to improve interoperability and liquidity in the Fuse ecosystem.
By leveraging Stargate’s unified liquidity model, Fuse eliminates the need for traditional liquidity pools and provides more scalable and streamlined cross-chain transactions.
Fuse 🤝 @StargateFinance
We’re excited to integrate with Stargate to enable unparalleled composability, cross-chain liquidity, and asset transfers from over 20 chains directly into the Fuse ecosystem. pic.twitter.com/xKvHr8Makd
– Fuse Network (@Fuse_network) November 29, 2024
Stargate’s Hydra technology
As Fuse looks to broaden its ecosystem and streamline the transfer of digital assets across networks, the integration of Stargate’s Hydra technology promises secure, efficient and cost-effective asset transfers.
The technology allows users to bridge popular assets such as USD Coin (USDC), Tether (USDT), and WETH from over 20 blockchains directly to the Fuse Network.
All of these assets are backed by locked-in reserves on core blockchains such as Ethereum (ETH) and Arbitrum (ARB), eliminating the need for dedicated liquidity pools on Fuse itself.
Hydra also enables seamless interaction with decentralized applications (dApps) in the broader omnichain ecosystem.
That is, by leveraging Stargate’s multi-chain infrastructure, Fuse simplifies the liquidity process, eliminating the need for separate liquidity paths and reducing reliance on incentivized liquidity programs.
Finally, transfers between Stargate and Fuse’s core chains incur no fees or slippage, so much of Fuse’s liquidity can move seamlessly to Stargate-backed assets without the need for additional capital or governance decisions.
The potential of Fuse-Stargate integration
With the Hydra integration, Fuse hopes to remove the friction from traditional liquidity structures and provide more scalable, easy-to-use payment solutions for both businesses and individuals.
As such, the integration also complements Fuse’s broader development roadmap, which includes key upgrades such as the Fuse Ember transition to modular architecture and the upcoming zero-knowledge Ethereum Virtual Machine (zkEVM) compatibility.
Credit : cryptonews.net
