Originally published at https://nexonfi.substack.com on January 4, 2023.
We are pleased to announce our partnership with Orbiter Finance. In order to provide a better Web3 experience and services, this partnership aims to support the development of the DeFi infrastructure in terms of technology, convenience, and application.
About Orbiter Finance
Orbiter Finance is a decentralized cross-rollup bridge for transferring the Ethereum native assets, which is the infrastructure of Layer 2, it offers low-cost and almost instant transfers. Orbiter supports cross-rollup transfers between Ethereum, StarkNet, zkSync, Loopring, Arbitrum, Arbitrum Nova, Optimism, Polygon, BNB Chain, ZKSpace, Immutable X, dYdX, Metis, and Boba.
Orbiter uses optimistic schemes during high-frequency transfer processes and is not dependent on Rollups’ support for smart contracts. In low-frequency dispute resolution, SPV technical scheme is adopted allowing transactions to stay cheap and fast with rollups’ safety assumptions.
Nexon Finance x Orbiter Finance
The Nexon team is happy to announce that we’ve integrated the Orbiter bridge which will allow users to transfer their assets across networks in a low-cost and efficient manner along with instant transfers across chains including Ethereum, BNB Chain, Polygon, Arbitrum One, Optimism, StarkNet, and zkSync.
The L2 ecosystem has unlimited potential and with this integration, Nexon Finance will continue to allow users to leverage the decentralized system of money market products and onboard newcomers to DeFi.
Together we aim to empower common users by simplifying non-custodial solutions and helping them take charge of their financial sovereignty. To create the most value for those who support & believe in the DeFi revolution, Nexon is continuously finding the protocols and systems that will flourish throughout these transformative times.
About Nexon Finance
Nexon Finance presents an opportunity to democratize access to a wide range of financial services like margin trading, yield farming, lending with on-chain assets, and many more through a seamless lending & borrowing experience.
Nexon is built on zkSync, the Layer 2 scaling solution on Ethereum that offers low gas and fast transactions, without compromising on security. This helps the protocol provide the best-in-class UI/UX for its users and helps accelerate DeFi mass adoption.
Decentralized money holds great potential, but the technology is still in its infancy, and Nexon envisions building a richer and more stable decentralized finance environment. The potential to provide financial services in crypto is enormous and by providing money market services to everyone, Nexon aims to be at the forefront of it.