DeFi

Interport Finance Joins Chainlink BUILD for DeFi Enhancement

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Cross-chain trading platform Interport Finance has announced its participation in the Chainlink BUILD program to enhance its ecosystem with oracle services and technical support.

The announcement, made by Interport Finance on Thursday, underscores their commitment to accelerating the growth of DeFi and the adoption of cross-chain swaps.

DSB co-founder expressed his excitement about the partnership, declarant“We are excited to join Chainlink BUILD, which will give us advanced access to Chainlink’s industry-leading platform and help accelerate Interport Finance’s growth.”

Key aspects of the collaboration include leveraging Chainlink’s CCIP for seamless cross-chain transfers and integrating Chainlink Price Feeds for reliable real-world data. By joining BUILD, Interport Finance benefits from Chainlink’s priority support, enhanced access to Web3 services, and deeper community alignment.

This integration is expected to advance Interport Finance’s mission to unify the fragmented blockchain landscape and expand cross-chain capabilities for the broader DeFi ecosystem. BUILD’s support will maximize their potential through Chainlink’s secure oracle infrastructure.

Interport Finance provides a suite of products including cross-chain swaps, enabling token exchange across different blockchain networks, a bridge that facilitates fee-free asset transfers, and a gas transfer feature to efficiently top up multi-chain tokens.

As part of its collaboration with Chainlink, Interport Finance plans to allocate 5% of its native token ITP to Chainlink service providers and stakers. This initiative aims to incentivize the Chainlink community by covering network fees.

This partnership marks an important step for Interport Finance in enhancing its DeFi solutions and strengthening its position within the blockchain ecosystem. With the support of Chainlink, they aim to drive innovation and adoption in the field of decentralized finance.

This initiative underscores Interport Finance’s proactive approach to leveraging leading industry partnerships for sustainable growth and technological advancements in the DeFi space.

Raed also: Uniswap Labs Urges SEC to Reconsider Proposed Changes to DeFi Rules

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