Monday, December 23, 2024
HomeDeFiWePiggy and CLV start partnership to build Cross-Chain DeFi ecosystem

WePiggy and CLV start partnership to build Cross-Chain DeFi ecosystem

WePiggy and CLV, the lending protocol, have formed a strategic partnership. Both companies will work together to explore technological integration possibilities and create a cross-chain DeFi ecosystem.

WePiggy’s initial move is to integrate with the CLV wallet in order to bring more users from the CLV ecosystem to WePiggy. Following that, its core development team will provide a detailed roadmap for WePiggy’s future deployment on CLV.

If the governance proposal is granted, WePiggy will be officially deployed on CLV, and the liquidity mining operation will begin.

Clover is a decentralised and cross-chain application infrastructure with a single point of contact. Clover has positioned itself as a “Passport to the Omniverse,” with a multifaceted product selection that includes Clover Multi-Chain Wallets, Clover Chain EVM, and Universal Cross-Chain Support.

WePiggy is creating an open-source as well as a protocol for a non-custodial crypto-asset lending market that will allow users to experience asset appreciation while maximising utilisation across many blockchain networks. WePiggy is working to diversify the loan market, improve the execution efficiency of smart contracts, and extend additional parts of the business logic based on prioritising financing security. The WePiggy multi-chain deployment process plan includes Ethereum, OEC, HECO, Moonriver, Harmony, Oasis, Aurora, and additional public and Layer-2 networks.

CLV will help in the development of DeFi infrastructures such as trading liquidity and price-feed integration, among other things. It will help to limit the systemic risk of the WePiggy protocol as much as possible. CLV will also provide WePiggy with marketing experience in order to attract more new users to the protocol.

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Jeewan Singh
Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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