WeFi
15.5.2023 15:27:42 CEST | ACCESS Newswire | Press release
TORTOLA, BVI / ACCESSWIRE / May 15, 2023 / WeFi has announced its integration with LayerZero, a blockchain interoperability solution. This integration enables WeFi to launch $WEFI as an omnichain token and unlocks seamless connectivity for the $WEFI token across several chains.
By launching $WEFI with LayerZero's omnichain fungible token (OFT) standard, $WEFI holders can now seamlessly and easily move $WEFI across Etherium, Polygon, Arbitrum and Bnb without ever leaving the WeFi interface with a 1:1 ratio. The OFT standard makes $WeFI a true multichain token.
Deep Liquidity with WeFI X LayerZero Integration
Interoperability is one of the key superpowers of blockchain technology. However, earlier blockchains tended to be strong internally but limited externally. As a result, siloed blockchains limit communication and transferability among on-chain assets and information.
LayerZero provides the framework for scalable, secure, and decentralized cross-chain interoperability. By connecting various chains to one platform and interface, multi-chain applications may communicate conveniently, transfer digital assets, and reach a consensus.
The benefits of WeFi's integration with LayerZero are evident. Through seamless connectivity between all chains, users can move their tokens between blockchains without undergoing complicated and time-consuming procedures.
WeFi's integration with LayerZero is an early opportunity to quickly scale use cases and development. This integration allows our native tokens to directly communicate with each other across chains using LayerZero's transport layer without the security risks or UX compromises of middle-chain consensus or wrapped asset smart contracts.
With WeFi's LayerZero integration, all existing WeFi liquidity pools are now unified - ensuring deep liquidity for users on all supported chains.
The integration of WeFi with LayerZero is an exciting development in the world of DeFi. It demonstrates the importance of blockchain interoperability and the potential for innovative applications that can be created through seamless connectivity across different chains.
With the LayerZero integration, users can enjoy secure, fast, and reliable cross-chain communication, enabling them to easily move their assets across different blockchains.
As the DeFi space continues to evolve, it is clear that solutions like LayerZero will play a critical role in enabling the creation of new and innovative applications that can drive the growth and adoption of decentralized finance.
About LayerZero
LayerZero is an omnichain interoperability protocol that enables decentralized applications (dApps) to be built across multiple blockchains in a trustless and efficient manner. LayerZero connects dApps across chains with on-chain Ultra Light Nodes, which combine the security of a light node with the efficiency of a medium chain. Developers can use the protocol to transform their dapps into omnichannel applications with a single, simple interface.
For more information, visit:
Twitter | Medium | Telegram | Discord l Website
About WeFi:
WeFi is a DeFi infrastructure company that is revolutionizing the crypto investment landscape with its innovative leveraged vaults. The first product, Investment Loan Protocol, is currently live on Polygon for limited alpha users, allowing them to make down payments of just 20% to buy or short crypto assets. In the upcoming upgrade, users can also stake and yield farm these leveraged positions, earning higher returns. The protocol also provides opportunities for liquidity providers to earn attractive APYs by securely providing liquidity in multiple pools.
Stay up to date with WeFi's exciting developments by joining our community on:
Twitter l Discord l Medium l Website
Media Contact:
Nirmal Rathore
nirmal@paxo.finance
SOURCE: WeFi
View source version on accesswire.com:
https://www.accesswire.com/754847/WeFi-Integrates-with-LayerZero-to-Launch-Omnichain-Token-WEFI
To view this piece of content from www.accesswire.com, please give your consent at the top of this page.
About ACCESS Newswire
Subscribe to releases from ACCESS Newswire
Subscribe to all the latest releases from ACCESS Newswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from ACCESS Newswire
MicroVision Showcases Expanding Perception Portfolio at IAA Transportation 202615.9.2026 15:20:00 CEST | Press release
New Perception Platform, next-generation MOVIA S, HALO, FMCW technology, and commercial vehicle concept demonstrate MicroVision's Lidar 2.0 strategy in action REDMOND, WA AND HANOVER, GER / ACCESS Newswire / September 15, 2026 / MicroVision, Inc. (NASDAQ:MVIS), a leader in advanced perception technologies, is showcasing the expanding breadth of its sensing and perception portfolio this week at IAA Transportation 2026, demonstrating how lidar hardware, perception software, and open sensor integration can work together to address increasingly complex applications across transportation and autonomy. At the center of MicroVision's IAA presence is the newly introduced MicroVision Perception Platform™, a flexible, modular architecture designed to allow sensing and perception configurations to be tailored to the requirements of individual applications. Throughout IAA, MicroVision is bringing that strategy to life through a series of technology demonstrations and reference concepts spanning pa
U.S. Polo Assn. Taps David Swetman as Global Design Lead, Men's and Boys' as Brand Targets $4 Billion in Global Retail Sales15.9.2026 13:00:00 CEST | Press release
Former Abercrombie & Fitch Menswear Leader Joins U.S. Polo Assn. to Advance Global Growth and Elevate Brand Worldwide WEST PALM BEACH, FL / ACCESS Newswire / September 15, 2026 / U.S. Polo Assn.®, the official sports brand of the United States Polo Association (USPA), with a multi-billion-dollar global footprint and distribution in more than 190 countries through over 1,200 retail stores worldwide, today announced the appointment of David Swetman as Global Design Lead, Men's and Boys', further strengthening the sports brand's Global Product Leadership Team as U.S. Polo Assn. continues its worldwide expansion and evolution. U.S. Polo Assn. continues to expand as one of the world's largest and fastest-growing sports brands, serving consumers globally through its extensive retail, e-commerce, and licensing network. The appointment reflects U.S. Polo Assn.'s continued global growth and strategic investment in world-class talent as the brand expands its product innovation, strengthens its c
MTech Mobility Appoints Rodney Moore as General Manager, Europe, to Accelerate Regional Growth15.9.2026 12:00:00 CEST | Press release
Seasoned technology executive brings more than 30 years of enterprise IT leadership to Dublin as MTech Mobility deepens its European commitment following Aer Lingus implementation win DUBLIN, IRELAND / ACCESS Newswire / September 15, 2026 / MTech Mobility today announced the appointment of Rodney Moore as General Manager, Europe. Moore, based in Dublin, will lead MTech Mobility's European operations, expand the regional team, and serve as the primary point of contact for the company's growing base of European customers. "Our European customers face challenges that demand more than a remote relationship - they need a partner who is present, accountable, and embedded in their landscape. Rodney's appointment is a direct investment in that commitment. His track record across Ireland and the UK means he understands exactly what European enterprises face, and he has the depth of experience to help them solve it. We are not just expanding our footprint; we are building the kind of trusted par
Chervon Names Matthew H. DeFeo as Senior Vice President of Sales, Training and Recruiting15.9.2026 00:00:00 CEST | Press release
Accomplished Power Tools and Outdoor Power Equipment industry leader brings decades of experience in sales leadership, talent recruitment and development, channel management, and key account alignment NAPERVILLE, IL / ACCESS Newswire / September 14, 2026 / Matthew DeFeo joins Chervon as Senior Vice President of Sales, Training, and Recruiting effective September 14, 2026, reporting to CEO Joe Galli. Matthew DeFeo brings more than four decades of experience in the power tool and outdoor power equipment industry. He has an exceptional track record in building and leading large sales organizations, channel marketing teams, and training and development teams. DeFeo is widely recognized as a world-class leader in the campus recruiting of high potential graduates. He has built out impressive in-store sales coverage teams, end user marketing teams, campus recruiting teams, and training teams with an intense focus on key account alignment. A hallmark of DeFeo's remarkable career is his mentors
Chervon Names Jeffrey P. Campbell Senior Vice President of Industrial Commercial Sales14.9.2026 23:50:00 CEST | Press release
NAPERVILLE, IL / ACCESS Newswire / September 14, 2026 / Jeffrey P. Campbell joins Chervon as Senior Vice President of Industrial Commercial Sales effective Monday, September 14, 2026, reporting to CEO Joe Galli. Campbell joins Chervon with 25 years of exceptional executive leadership experience in the professional tool industry. He has built and led high-performance sales and channel marketing teams, developed strategic key account partnerships and has consistently driven strong growth across all professional and automotive channels of distribution. In his new role, Campbell will lead Chervon's Industrial / Commercial Sales network serving the many professional and automotive tool channels. "Jeff brings an impressive and unmatched combination of professional and automotive channel sales leadership, channel management, customer partnership skills and organizational development," said Joe Galli, CEO of Chervon. "His exhaustive command of our channels, key accounts, and users, combined wi
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom