WePiggy Leverages Wormhole to Build a Cross-Chain DeFi Ecosystem
We are excited to announce that WePiggy lending protocol will utilize Wormhole’s Portal to provide our users the easy ability to send and receive assets from supported networks to Oasis. We look forward to exploring the possibilities of Wormhole’s technology integrations, and working together to build a cross-chain DeFi ecosystem.
Wormhole is a generic message-passing protocol that connects to multiple chains including Ethereum, Solana, Terra, Binance Smart Chain, Polygon, Avalanche, and Oasis.
WePiggy focuses on building an open-source, non-custodial crypto-asset lending market protocol that helps users realize asset appreciation and maximize utilization across many blockchain networks. On the premise of giving priority to funding security, WePiggy actively creates a more diverse lending market, optimizes the execution efficiency of smart contracts, and expands more dimensions of the business logic. Under the WePiggy multi-chain deployment plan, WePiggy is covering Ethereum, OEC, Binance Smart Chain, Polygon, Huobi Eco Chain, Arbitrum, Moonriver, Harmony and other innovative public and Layer-2 networks.
WePiggy + Wormhole
Wormhole’s token bridge technology can be integrated into WePiggy lending application, and this will help WePiggy’s users to fast transfer their tokens between different networks.
WePiggy will first add an entrance in its application to PORTAL by Wormhole, giving users a reliable solution of sending assets to Oasis from supported networks.
“By using Wormhole, our users can send USDT and ETH from Ethereum to Oasis and trade assets on Yuzu Swap. Also, through this cooperation, we can expand WePiggy’s influence to a larger user base and provide them with secure, powerful and user-friendly cross-chain DeFi applications.”
– Ron, Zheng, Founder and CEO of WePiggy
About WePiggy
WePiggy is an open-source, non-custodial, crypto asset lending market protocol. In WePiggy’s market, users can deposit their crypto assets to earn interest, or borrow other crypto assets by paying interest. WePiggy aims to spread the benefits of cryptocurrency’s freedom and transparency to the widest possible user community in a more friendly and simple way, as well as be a good partner for them in wealth management.
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About Wormhole
The Wormhole Network is a generic message-passing protocol connecting high-value blockchains together, with applications leveraging the messaging layer to facilitate interoperability between ecosystems. Secured by 19 guardians, developers are able to leverage the protocol to send arbitrary data cross-chain including tokens, NFTs, oracle data, governance decisions and more.
