KEY TAKEAWAYS
- Kima Finance integrates Avalanche into its cross-chain infrastructure, enhancing connectivity between traditional and decentralized finance.
- Avalanche’s architecture supports decentralized applications and asset transfers, offering developers access to broader liquidity pools.
- The integration includes the stable Euro token, EURC, facilitating seamless Euro transfers from bank accounts to the Avalanche network.
- Kima’s settlement protocol supports multi-ecosystem payments and cross-chain innovation, advancing decentralized finance accessibility.
Kima Finance has announced the integration of Avalanche into its cross-chain infrastructure on Mainnet, marking it as one of the ten major blockchains supported by the platform. This move is part of Kima’s ongoing mission to bridge traditional finance (TradFi) and decentralized finance (DeFi), enhancing the connectivity between different blockchain ecosystems.
Avalanche, developed by Ava Labs, is a next-generation blockchain platform designed to support decentralized applications (dApps) and facilitate asset transfers across networks. Its unique architecture consists of three main chains: the C-Chain, which handles smart contracts and is compatible with Ethereum; the P-Chain, which manages validator operations and staking; and the X-Chain, which enables the creation and exchange of Avalanche Native Tokens, including AVAX.
Benefits of Avalanche Integration for Kima Users
The integration of Avalanche into Kima’s platform offers significant benefits for developers and users. Developers on Avalanche can now unlock liquidity from other chains, allowing users to access a broader pool of resources. Conversely, developers on other chains can enable their users to tap into Avalanche’s liquidity, enhancing cross-chain capabilities and improving the user experience.
A notable feature of this integration is the inclusion of the stable Euro token, EURC. Kima provides a seamless on-/off-ramp for users to transfer Euros directly from their bank accounts to the Avalanche network, simplifying asset management across the ecosystem.
Advancing Cross-Chain Innovation
Kima Finance is a decentralized settlement protocol that aims to address fragmentation in the crypto and financial sectors. By introducing the Smart Transaction and an easy-to-use SDK for Web3 and Web 2.0 applications, Kima facilitates interchain and hybrid transactions. Its settlement layer supports multi-ecosystem payments, peer-to-peer commerce, CeFi/DeFi services, cross-chain DEX swaps, and omnichannel wallets.
The integration of Avalanche is expected to advance cross-chain innovation, making decentralized finance more accessible and efficient. More details about this integration can be found here.
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
