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DeFi protocol deBridge is set to launch DeSwap Liquidity Network (DLN), allowing users to complete cross-chain transfers without all the associated risks of using a bridge network, according to a press statement shared with CryptoSlate.
According to the press release, the DLN architecture enables limitless cross-chain value transfer with zero slippage and no need for assets to be locked in the ecosystem.
With this new product, deBridge plans to solve some of the issues facing bridges today, such as scalability, security, and capital efficiency.
One of the major issues facing blockchain bridges is order slippage while transferring assets from one blockchain to another. DLN eliminates that, among other issues.
According to the interoperability-focused company, it can achieve this with DLN thanks to its design. Instead of the locked liquidity of existing bridges, DLN design is based on liquidity on demand through a P2P liquidity marketplace.
Thus, liquidity is only needed at the time of the settlement. Only two groups of participants are necessary under this model: the makers and takers.
The makers are protocol users that create the orders for cross-chain value transfers, while takers are on-chain addresses with enough liquidity to process the order. Anytime a maker creates an order, it is broadcast on the network, and a taker can decide to process the order.
Since there are no pools or locked liquidity, the risk of bridge exploits is also non-existent because the total value locked in the ecosystem is zero. The limited risk of the blockchain infrastructure only occurs during the brief moment when settlement happens.
Given the high number of bridge exploits over the past two years, this new measure could help to solve the problem and eliminates several other challenges with cross-chain transfers.
DeBridge said the new DeFi infrastructure would be launched on deSwap DEXÂ and other Web3 applications in a few weeks.
The post DeFi protocol deBridge to launch new standard for cross-chain transfers appeared first on CryptoSlate.
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