O3 Labs has announced a collaborative partnership with Poly Network to build a blockchain-agnostic trading pool for O3 Swap. O3 Labs stated, “The pool will allow for the open exchange of major assets, which span multiple blockchain networks, and provide a unified token mining experience for multi-chain assets.”
O3 Swap is a proprietary cross-chain protocol that aggregates liquidity sources across various non-custodial exchanges. In the Neo ecosystem, O3 Swap will source liquidity from Flamingo Finance, Nash, and Switcheo. O3 Labs also intends to support Ethereum, Binance Smart Chain, Huobi ECO Chain, and more.
The swapping module will be available within the O3 Wallet and on o3swap.com. Key features of the O3 Swap platform include:
- Single-click swapping process
- Competitive rates across exchanges
- Token incentives via a trade mining mechanism
Looking forward, the team intends to publish the O3 Swap lite paper, launch the Neo swap module, and release more information about the O3 trade mining token.
The full announcement can be found at the link below:
About The Author: Dylan Grabowski
Dylan is a reformed urban planner with a passion for covering the Neo ecosystem. His objective as a writer for Neo News Today is to report news in an objective, fact-based, non-sensational manner. When not behind a computer screen, he can be found in the mountains rock climbing. Find Dylan on Twitter (@GrabowskiDylan).
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