Calgary, Canada, August 19, 2024, Chainwire

Portals' Any-to-Any Asset Swap and Zap Integration Brings One-Click on DeFi Methods to ShapeShift's Multi-Chain Platform

Portals, a number one supplier of low-code decentralized finance (DeFi) integration options, at this time introduced that ShapeShift, a multi-chain DeFi platform and pockets, has chosen its superior expertise for its new characteristic, Shifts. The collaboration will revolutionize entry to decentralized finance, making it extra accessible to each skilled crypto customers and people new to the area.

Decentralized finance affords various alternatives, however its complexity usually creates a barrier to entry. Usually, transferring between totally different property and DeFi positions requires a number of complicated transactions. Portals' any-to-any asset swap and zap integration removes this complexity, permitting ShapeShift customers to execute superior DeFi methods with unprecedented simplicity. The “Shifts” characteristic permits customers to seamlessly transfer from any EVM-compatible asset instantly right into a DeFi place, or transfer between totally different DeFi positions, all with a single transaction.

“We're excited to see our expertise energy ShapeShift's 'Shifts' characteristic,” mentioned Suhail Gangji, co-founder of Portals. “This integration demonstrates the ability of our swap and zap resolution in simplifying DeFi interactions. By abstracting complicated processes into user-friendly APIs, we allow platforms like ShapeShift to ship a really next-gen DeFi expertise.”

Key advantages of the Portals and ShapeShift integration embody:

• Complicated DeFi operations will be carried out with only one click on
• Help for a number of EVM suitable chains Polygon, BSC, Optimism, Base, Arbitrum, and many others.
• A streamlined, one-click consumer expertise to your DeFi methods
• Improved accessibility and simplified onboarding For a wider vary of cryptocurrency customers
• Fuel financial savings and highly effective worth affect and slippage safety

The discharge of “Shifts” on ShapeShift marks a major milestone in Portals' mission to simplify blockchain interactions and make DeFi extra accessible. The mixing is a key part of ShapeShift's broader ecosystem technique, which incorporates collaborations with different distinguished DeFi initiatives similar to Yearn, Lido and Ethena.

“We're excited to companion with Portals to launch ShapeShift's 'Shifts' characteristic, which marks a significant step ahead in making DeFi extra accessible and intuitive for customers. The mixing of Portals' superior swap and zap expertise permits seamless, one-click DeFi interactions with out the complexities historically related to decentralized finance,” mentioned Hpayne, Advertising and Protocol Relations workstream lead at ShapeShift. “This collaboration aligns completely with our mission to allow customers to navigate the multi-chain world with ease and confidence.”

The mixing of Portals’ API is predicted to spice up the adoption of DeFi methods amongst ShapeShift’s consumer base and facilitate interplay with varied DeFi protocols, together with yield aggregators, lending platforms, and liquidity staking derivatives.

ShapeShift's “Shifts” characteristic is now obtainable to all ShapeShift customers by way of the net and cellular apps.

To study extra about Portals and its DeFi integration options, go to Portals.Fi

In regards to the Portal

Portals affords a complete low-code DeFi integration resolution with Swap & Zap APIs that allow complicated multi-chain transactions and Knowledge APIs that present real-time and historic DeFi asset data. Supporting over 200 protocols throughout a number of EVM-compatible chains, Portals affords options similar to one-click performance, sturdy slippage safety, and intensive asset protection, simplifying DeFi operations for each builders and customers.

About ShapeShift

Based in 2014, ShapeShift is a number one DeFi platform that gives a seamless and safe interface to commerce and handle digital property throughout a number of blockchains. Powered by THORChain and CoW Protocol, in addition to main DEXs similar to LiFi, ShapeShift supplies customers with the very best aggregated DeFi expertise with an easy-to-use portfolio interface, plus options similar to interest-free lending, non-custodial buying and selling, LPs, and streaming swaps. ShapeShift is devoted to giving customers full management over their crypto property whereas navigating the quickly evolving multi-chain atmosphere.

contactCo-FounderSuhail GanjPortalhi [email protected]

This text was first printed on Chainwire