Today we are so excited to announce a strategic and technical partnership with Spherium Finance, a platform that diversifies DeFi ecosystem by introducing cross-chain interoperability in everything. It is an ultimate solution in the DeFi ecosystem offering various types of services including HyperSwap, HyperLend, HyperLaunch, and decentralized wallet under one roof.
Liquidity, or the ease with which assets can be bought and sold on a market at a stable price, is critical to any kind of trading. Cryptocurrencies are a fragmented market, and traders sometimes find that prices and spreads differ among exchanges, particularly for altcoins.
The appeal of cross-chain bridges lies in the fact that they provide customers with the liquidity they need. In addition, bridges allow value to flow between blockchains, breaking down crypto’s walled gardens.
Although cross-chain bridges promise liquidity, not all of them deliver. It is essential that a bridge has asset pools on native and non-native blockchains to make the lock-mint-burn-release process as fast and efficient as possible.
Spherium Finance would integrate its cross-chain Hyper-bridge for GRAIL token providing the opportunity to easily swap between BSC and Polygon blockchains. Shortly after TGE we got the potential of developing Hyper-bridge in other chains which will be announce after markets evaluation and GRAIL supply balance on different chains with the partnership updates. This would help us leading to a multi-chain all-in-one platform and access low fee Spherium bridge before the independent bridge on GrailPad’s main-net, based on our roadmap.
This partnership allows enterprises, developers and investors to explore various options in different chains. GrailPad uses the cross-chain consensus and the multi-chain mechanism. So, Hyper-bridge provided by Spherium Finance serves as a vital gear on the GrailPad ecosystem.
Using Hyperbridge and Synergic Collaboration with Spherium Finance
Through this partnership, both GrailPad and Spherium Finance will help each other. So, aside technical aspect, this cooperation is definitely beneficial to GrailPad and Spherium Finance in terms of building their community as well as achieving both companies’ missions of ensuring the blockchain industry and we are excited to grow and flourish together with Spherium Finance.
With GrailPad’s Multi-chain Automated Market Maker (AMM) Decentralized Exchange, users get instant and safe token exchange in any decentralized application based on an automated market maker protocol with a wide range of reserves. The GrailPad Multi-chain AMM DEX aggregates liquidity from multiple sources into a single liquidity pool to provide the best rates to users, DApps, wallets, and DEXs. As a result, it would be a point of end-to-end automated market-making against smart contracts.
With this new partnership, GRAIL will be able to go cross-chain using Spherium Finance Hyperbridge. On the other side, GrailPad has added 2,500,000 $GRAIL to provide more liquidity to Hyperbridge users. With this, $GRAIL holders will have the opportunity to HODL their token on the BNB Chain and Polygon, allowing them to experience the power of moving cross-chain.
About Spherium Finance
Spherium Finance is empowering the cross-chain community by developing a suite of DeFi applications that will be fully cross-chain compatible, including a Bridge, Universal Wallet, Token Swap platform, Money Markets, Staking services, Lending/Borrowing protocol, and inter-blockchain liquidity transfer. In addition, Spherium has a diverse product portfolio to provide comprehensive DeFi services, including:
- HyperBridge: An interoperable multi-chain bridge that allows tokens to be quickly bridged between EVM and Non-EVM compatible blockchains.
- HyperSwap: A cross-chain asset swap that is decentralized and based on an automated market-making mechanism.
- HyperLend: A decentralized money market where investors can lend or borrow digital assets at interest rates determined by supply and demand.
- Hyperwallet: A secure and decentralized wallet for Spherium products and services. Spherium offers a unified platform for multi-asset, cross-chain swaps, crypto financing, and cross-chain operability.
GrailPad is a permissionless DEX built for cross-chain token pools and auctions, enabling projects to raise capital in a decentralized and interoperable environment based on its ecosystem. With GrailPad, decentralized projects will be able to raise and exchange capital cheap and fast. Furthermore, users can participate in a secure and compliant environment and use assets that go through our portal in BSC, Polygon, Solana, Ethereum, and Avalanche.