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ARMswap Launches its DeFi Platform
VILNIUS, Lithuania , Jan. 13, 2025 /CNW/ — The ARMswap team is thrilled to announce the launch of its first version of its decentralized finance (DeFi) protocol. In a move aimed at simplifying cross-chain asset transfers and bringing the power of Web3 into daily lives and businesses, ARMswap’s innovative architecture addresses the fundamental inefficiency in current blockchain architecture.
Simplifying Cross-Chain Transactions
“The fragmentation of blockchain networks has been a critical issue, and users were compelled to navigate through various decentralized exchanges (DEXs) and third-party bridges to perform a single cross-chain transaction,” notes Husnain Aslam, Chief Technology Officer at ARMswap. “ARMswap’s launch represents a watershed moment in addressing this fragmentation that has constrained DeFi’s evolution.”
ARMswap’s architecture, validated through rigorous security audits by the leading blockchain security firm Hashlock, combines advanced cryptographic protection for user funds. This ensures secure and rapid swap/bridge operations, setting new industry benchmarks for transaction processing efficiency. The platform supports 31 blockchains and their native coins in its V1 launch in January 2025, with plans to expand to include more blockchains every quarter.
Expanding Ecosystem
ARMswap will integrate with protocols such as Chainlink, Axelar network, Layer zero, Wormhole, etc., in Version 2 of the platform. This integration aims to provide extensive coverage of EVM and non-EVM chains, further expanding its ecosystem.
In a significant move, ARMswap also plans to introduce its own framework for relayers and oracles in Version 3, enabling seamless interoperability across Web3.
ARMSP Fair Launch
To incentivize liquidity providers to actively participate in the ecosystem, ARMswap is launching its utility token, ARMSP, in January 2025. The platform will share platform and pool returns with participants.
Mobile App for DeFi
ARMswap is also releasing its DeFi Mobile App (iOS & Android) in March 2025, enabling users to connect their existing wallets and perform swap transactions and participate in liquidity pools and rewards.
Limited Supply
Join the ARMswap V1 platform and participate in the ARMSP token Fair Launch on January 13th, 2025, with a limited supply of 400 million tokens out of 1.25 billion maximum supplies. Early participants can enjoy bonuses and earn rewards through the ARMswap MVP program. After a 12-month vesting period, ARMSP will be listed on all major exchanges globally.
About ARMswap:
ARMswap UAB simplifies cross-chain asset transfers and brings the power of Web3 and decentralization into our daily lives and businesses.
Source: cryptocurrencynews.com
