📢 @RiverdotInc launches a multi-chain stablecoin system, connecting comprehensive liquidity.
If you are a DeFi participant, you have likely seen the issue of liquidity being fragmented across multiple blockchains. River has just introduced a multi-chain stablecoin system that addresses this very problem.
1⃣Highlights:
Liquidity is no longer fragmented: River's stablecoin can easily move between different blockchains.
User-friendly: Users and DeFi protocols can utilize the same type of stablecoin without worrying about chain barriers.
Already gaining traction: Many DeFi projects are starting to integrate, showing a strong demand for cross-chain liquidity solutions.
Golden opportunity: As DeFi develops multi-chain, connecting platforms and optimizing capital becomes extremely important.
Why AE should care: River helps save costs, increases capital efficiency, and opens up seamless trading opportunities between blockchains – DeFi will be more accessible, liquidity deeper, and everyone benefits.
2⃣Product appeal
Built on LayerZero and the OFT standard, River allows:
Collateral deposits in BTC, ETH, BNB, and LST on supported chains.
Minting native satUSD on the target chain.
Liquidity movement without the need for bridges or wrapped assets, with security maintained end-to-end.
In the past two months, their abstracted chain stablecoin system has achieved:
Total Value Locked (TVL) of over $400 million.
Over $100 million satUSD in circulation.
Collateral support for BTC, ETH, BNB, and LST.
Integration with over 30 protocols, including Pendle, ListaDAO, and Solv.
Ranking as the number 1 CDP stablecoin in ecosystems like BNB Chain, Arbitrum, Hemi, and BOB.
If AE is into DeFi, make sure to research River.
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