At Katalyo, we firmly believe that cross-chain integration is critical for blockchain and DeFi to reach it’s full potential. For that reason, we’re building Katalyo to have cross-chain capabilities from the ground up.
There are several reasons why we decided to have this strategy:
Firstly we want to extract additional value by combining services and resources of different chains into a single pool of value.
Secondly, we want our users and customers to have choice and use the chain of choice or to have access to a variety of services not available on a single chain.
How will crosschain capability playout in practice?
For example, a DeFi lending solution can take collaterals from many different chains.
Another aspect is enhanced security which is still a major concern within DeFi space. By combinig different chains with different concensus algorithms it becomes more difficult by order of magnitude to exploit certain vulnerabities existing on a single chain.
The main technological component of crosschain capability is Katalyo bridge which is used to communicate among different chains. Katalyo bridge also includes a set of smart contracts accross chains that will govern cross communication.
Useful links
Web-site: https://defi.katalyo.com
Telegram community: https://t.me/katalyo
Telegram news: https://t.me/katalyo_ann
Twitter: https://twitter.com/Katalyo
