Rubic.exchange will implement a cross-chain solution between xDai and Ethereum!
We are happy to announce that Rubic.exchange is creating a new partnership with xDai to facilitate cross-chain solutions between Ethereum and xDai!
This integration will allow Rubic users to access cross-chain solutions between Ethereum network and xDai. The bridge allows transferring DAI tokens to the xDai network, which features nearly zero fees, stable-based transactions and fast transaction speeds.
The integration between xDai and Rubic will help users of multiple blockchains extend the already existing and planned amount of cross-chain solutions located at Rubic.exchange.
More and more users of the Ethereum blockchain are looking for additional networks which allow asset trading with optimized speed and fewer transaction fees. This partnership will allow these users to transfer their DAI tokens to xDai chain beginning this week.
What is the xDai chain?
The xDai chain is an Ethereum-based sidechain that uses a Proof-of-Stake mechanism. It has been operating since late 2018 and uses a stablecoin, xDai, as its native cryptocurrency.
Currently, there are more than 18 million transactions made on xDai chain with more than 7 million in May 2021 alone. There are more than 140 thousand users across the globe who use the xDai network.
Transactions on xDai are faster than most blockchains, much more inexpensive, and require only a single token with a stable value — xDai.
The number of cross-chain solutions is growing
Rubic, as a DeFi project, is already driving crypto into new levels of adoption. Every month our team constantly moves the progress of our platform towards adding more key points to our ONE-STOP solution Platform for any blockchain’s users.
The partnership with xDai is another step taken forward towards the complex integration of cross-chain solutions into Rubic DeFi Platform.
But the most important purpose of this integration is to simplify and connect users from different blockchains, thus achieving higher market liquidity. This cooperation represents one more way for our users to create simple and reliable swaps between Ethereum and xDai.
In the future, the partnership between Rubic and xDai will allow trading any Ethereum token to xDai network and vice-versa.
xDai is an Ethereum sidechain with bridged Dai serving as a native token. It’s scalable, convenient, and user-friendly.
xDai Chain applications provide everyday users with fast transactions and extremely low gas prices. Since the xDai Stable Chain is Ethereum compatible, data and assets can be transferred seamlessly to the Ethereum mainnet providing backend safety and limitless opportunities to scale. This synergy between stability, speed, security and scalability opens the door for many exciting applications and new use cases.
Rubic is a multichain DeFi ecosystem, which features cross-chain, P2P, instant swaps, and limit orders across multiple blockchains, aiming to deliver a complete ONE-STOP decentralized platform. Rubic’s platform is the place where users can complete cross-chain swaps using a variety of solutions, and get the best rates from all leading protocols (thanks to a DEX aggregator implementation), as well as P2P swaps within an Order Book where users can make deals on their own terms.
For the moment, Rubic supports trades on Ethereum, Polygon (ex Matic), TRON, and Binance Smart Chain networks.