Carrier.so Provides a Powerful Native Bridging Experience for Interlay Users to Tap Into Wormhole Liquidity
Singapore – October 9, 2023 – Moonbeam, the top destination for multi-chain applications on Polkadot, has announced that Interlay now supports Moonbeam Routed Liquidity, enabled by Carrier, a powerful token and NFT bridge with support for over 12 networks. Interlay, a fellow Polkadot parachain, joins HydraDX in tapping liquidity via Wormhole, Moonbeam and Carrier for use around the Polkadot ecosystem. More than $4.6 million tokens have been moved so far using the streamlined MRL functionality, showing ready adoption and a desire for more connections by users and projects alike.
Interlay is a decentralized network with a specific mission: linking Bitcoin, the world’s most popular cryptocurrency, with DeFi platforms such as Polkadot and Ethereum. Interlay makes it easy for users to seamlessly transition their Bitcoin for use in DeFi, by locking it in vaults or running their own nodes. Now, by tapping into Wormhole-based assets through Carrier, a native bridge for Web3 equipped with several advanced features including concurrent transactions, robust wallet management and a fully functional keyboard interface. Interlay users enjoy a modern and intuitive experience while having more liquidity options at their fingertips.
Moonbeam Routed Liquidity (MRL) brings one-click access to liquidity/ability to “summon” assets from Wormhole through Moonbeam to Interlay without creating all the wallet complexity. The MRL feature simplifies the process of accessing assets from various sources across the Polkadot network, thanks to the implementation of the general message passing (GMP) precompile and other interoperability tools on Moonbeam.
Interlay has integrated its interBTC asset into Moonbeam, denoted as xciBTC, alongside the existing xcINTR token. Both xciBTC and xcINTR are XC-20 tokens, which follow the ERC-20 standard while also possessing cross-chain capabilities meaning that tokens originating from Substrate-based projects within the Polkadot ecosystem can be seamlessly transferred and utilized within Moonbeam’s Ethereum-compatible platform.
MRL enables not only the easy transfer of tokens to Polkadot parachains but also allows many parachains to make their native tokens available on Ethereum-based applications, fostering greater interoperability in the blockchain space. Carrier’s successful integration of MRL brings together crypto liquidity across disparate blockchains into the Polkadot ecosystem.
For developers seeking to unlock the potential of Moonbeam Routed Liquidity for their users, the path begins with establishing a connection to Moonbeam through XCM and facilitating remote transactions, like those of HydraDX and now, Interlay. The era of borderless liquidity and boundless interoperability beckons with powerful, user-led bridges such as Carrier, and Moonbeam stands at the forefront, ready to usher in this new age of blockchain innovation.
About the Moonbeam Network
Moonbeam is a smart contract platform for building cross-chain connected applications that can access users, assets, and services on any chain. By uniting functionality from Ethereum, Cosmos, Polkadot and more into a single platform, Moonbeam solves today’s fragmented user experience — unlocking true interoperability and paving the way for the next generation of applications. The Moonbeam platform uses integrated cross-chain messaging to allow developers to create smart contracts that access services across many remote blockchains. This approach, plus Moonbeam’s developer-friendly EVM platform, vast tool support, and modern Substrate architecture, creates the ideal development environment for building connected applications.
About Interlay
Interlay is a one-stop-shop for all things Bitcoin finance. BTC trading, lending, staking, and a way to deploy into other DeFi products. Trustless bridge at the core, AMM and money market on top, wrapped in a simple one-click interface with on/off-ramps and multi-chain support. interBTC (iBTC), Interlay’s flagship product, is Bitcoin on any blockchain.
About Carrier
Carrier is a powerful token and NFT cross-chain bridge built for Web 3 natives, with several advanced features including concurrent transactions, robust wallet management and a fully functional keyboard interface. Powered by Wormhole, Carrier is developed by Automata Network and its zero-tracking policy prevents any storage of data and metadata across multiple chains.
