WePiggy Partners with Connext to Build a Cross-Chain DeFi Ecosystem
We are excited to announce that the WePiggy lending protocol builds a strategic partnership with Connext, the interoperability network of L2 Ethereum. The two parties will jointly explore the possibilities of technology integrations, and work together to build a cross-chain DeFi ecosystem.
Connext is a network that enables sending value and calling contracts across Ethereum-compatible chains and L2s.
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, OKExChain, Binance Smart Chain, Polygon, Huobi Eco Chain, Arbitrum, Optimism, Moonriver and innovative public and Layer-2 networks.
WePiggy + Connext
By integrating Connext’s interoperability network, WePiggy would be one more closer to the cross-chain lending network.
WePiggy will first add an entrance in its application to xPollinate, a cross-chain bridge application powered by Connext, to give users an alternative solution for bridging their assets between different networks.
On the basis of mutual benefit between the two communities, more cooperation will be carried out, including co-marketing campaigns, cross-chain liquidity building, cross-chain collateral repayment and user asset appreciation, etc.
“Connext provides a secure and powerful cross-chain infrastructure to Dapps and normal users. WePiggy will work together with Connext step by step to bring users the cross-chain DeFi lending network. Also, through this cooperation, we can expand WePiggy’s influence to a larger user base.”
– Ron, Zheng, Founder and CEO of WePiggy
“We are very excited to partner up with WePiggy and help them onboard more users as they expand across more Ethereum-compatible chains and L2s. Connext is playing an important role in bridging liquidity for WePiggy’s lending protocol, by allowing its users to onboard and offboard from any chain of their choice while still being able to use WePiggy. Both projects will be working more closely soon to build the ultimate cross-chain lending experience.”
– Arjun Bhuptani, Founder and CEO of Connext
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 Connext
Connext is the interoperability protocol of L2 Ethereum.
Connext enables sending value and calling contracts across Ethereum-compatible chains and L2s. It is the only interoperability system that does this cheaply and quickly without introducing any new trust assumptions. Connext is aimed at developers who are looking to build bridges and other natively crosschain applications. To date, over $680m in transactions have crossed the network.
