Canary Exchange will integrate RelayChain Bridge to bring liquidity to Avalanche from other networks
Canary x RelayChain collaboration begins!
Canary is excited to announce the collaboration with Relay — a cross-chain platform that enables fast and seamless swaps of tokens residing in different blockchains. This partnership opens multiple opportunities for Canary users to manage their various assets in one place and take advantage of the increased exposure to lucrative trades across various networks.
RelayChain solution offers fast and secure cross-chain token transfers between the leading blockchains through Bridging as a Service (BaaS) protocol. RelayChain currently supports bridges between any combination of Ethereum, Moonriver, Polygon, Binance Smart Chain, Avalanche, Huobi ECO Chain, Fantom and Shiden networks.
MOVR-AVAX farming pool on Canary
The first product of this collaboration is the incentivised MOVR-AVAX liquidity pool which will become available on Canary Exchange on October 14th, 2021.
MOVR is the utility token of Moonriver Network which is a decentralized smart contract platform nurtured in Kusama ecosystem. The current ranking of Moonriver on CoinMarketCap is #223, with a live market cap of $490m USD. It has a circulating supply of 1,868,967 MOVR coins and a max. supply of 10,000,000 MOVR coins.
In the coming months Canary will be expanding the number of cross-chain liquidity pools and its users will have access to such pools as MATIC-AVAX or HT-AVAX just to name a few.
Relay Whitepaper: Bridging as a Service for DeFi by RelayChain
| RelayChain | YouTube | Twitter | Reddit | Telegram Community |
| Telegram Announcement | RelayChain documentation |Discord |
|$Relay Token GC | $Relay Token CMC |Blogger |
About Canary Exchange
Canary Exchange is a decentralised exchange (DEX) which runs on the blazingly fast and secure Avalanche blockchain. Canary uses the revolutionary Automated Market Maker (AMM) protocol that allows digital assets to be traded without permission and automatically by using liquidity pools instead of a traditional market of buyers and sellers.
Canary features a native CNR token that is used for incentivising liquidity providers and also acts as a traded asset that can be swapped, staked or added to the liquidity pools. In the future CNR token will also have additional utility features such as governance and collateral functionalities.
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