Dogechain Has Integrated Router Protocol to Enhance Cross-Chain Asset Swaps Across Blockchains
Dogechain gained traction in Web3 for its unique approach to providing utilities to the Dogecoin network and community engagement.
Founded with the vision of bringing the Dogecoin community closer to the world of DeFi, Dogechain aims to provide users with an accessible platform to interact with DeFi applications, NFTs, and various blockchain-based services.
Recently, the Dogechain team announced its integration with Router Protocol which promises to boost liquidity and asset interoperability across blockchain networks.
This article is an in-depth look at Dogechain and Router Protocol, their offerings, and the implications of this collaboration. Dive in with me.
The Need for a Cross-chain Bridge
Dogechain, the blockchain of memes, fell short of interoperability after the Multichain hack led to the end of cross-chain bridging of assets from other chains for its users.
Since then, shibes have been earnestly waiting for a better alternative for bridging in assets. Finally, wishes have come true with Dogechain’s integration of Router Protocol.
What is Router Protocol?
The Router Protocol is a cross-chain infrastructure provider designed to facilitate communication and asset transfers across blockchain networks.
Router has a mission: to bridge the gap between disparate blockchains, enable interoperability, and power the efficiency of decentralized applications (dApps). How?
The Router offers a suite of advanced products, each designed to address specific challenges related to cross-chain transactions.
Router Nitro
Router Nitro is an advanced bridge solution that supports cross-chain asset transfers with ultra-low latency. It is crucial for enabling swift and efficient swaps across over 30 blockchain networks.
Designed for speed as its name suggests, Router Nitro ensures that users can move their assets from one chain to another, within seconds. This benefits traders and DeFi users who need to capitalize on market opportunities without delay.
The Nitro bridge enables atomic swaps between blockchains. There is no use of intermediaries to hold the asset and facilitate the transaction and transactions are carried out in a few minutes.
Also, you don’t necessarily need to send the same asset from one blockchain to the other. You can send an asset from a blockchain and request to receive it in another asset on the recipient blockchain.
For example: You can send USDC from the Ethereum blockchain and request to receive it in USDT on Dogechain.
Why is Router Nitro Beneficial for Dogechain?
The main perk of the Nitro bridge integration is the boost in Dogechain’s interoperability.
Shibes will be able to bridge blue-chip assets and stablecoins swiftly and seamlessly from over 20 chains to $DC network and vice versa.
Using Router’s Nitro cross-chain swap technology, users can perform atomic swaps of $USDT, $USDC, $wETH, and more assets to come from their respective chains to Dogechain and out of it.
This is filling in the gap that the Multichain bridge left after its breach and dissolution and is also advancing the concept of Doge Finance (DogeFi) that boosts liquidity and other financial activities for $DOGE and other Dogechain-based assets.
In addition, instead of using the $DOGE native bridge, you can get your $DOGE to Dogechain via Router by enabling the Gas TopUp function.
Get started on Router Nitro.
Join The Network
As the collaboration between Dogechain and the Router Protocol progresses, both are expected to channel advancements for the better good of their communities. It has already begun.
For developers and users interested in exploring the abilities of Router Protocol and its integration with Dogechain, comprehensive documentation and resources are available on their respective websites.
Router Protocol:
Website | Twitter | Telegram | Linktree
Dogechain:
Website | Twitter | Telegram | Discord | Blog | Reddit | Linktree | Docs
