Fantom, a DAG (Directed Acyclic Graph) sensible contract platform that provides decentralized finance (DeFi) companies to builders, just lately introduced a brand new partnership with Minimax Finance. According to Minimax, there’s an a variety of benefits that the Fantom community can deliver to its initiatives, comparable to nice pace, safety, and transparency that Minimax’s customers are already benefitting from. Nonetheless, that is solely the start for the venture, which seeks to increase even additional and combine much more blockchains.
What’s Minimax Finance?
Minimax Finance is a decentralized protocol that aggregates yield alternatives from third-party DeFi apps, and up to now, it has already built-in greater than 500 vaults on seven totally different blockchains, with Fantom being the most recent one. Along with aggregation, the venture additionally affords a variety of helpful instruments to scale back dangers for its customers and permit them to handle DeFi investments extra effectively.
Other than that, the venture additionally integrates a variety of companies, comparable to lending, staking, and farming, in addition to stop-loss and take-profit for these companies. The venture stands out from different aggregators on account of the truth that it’s about extra than simply aggregation. It’s targeted on making a multifunctional platform to simplify the lending, yield farming, and staking processes and make it extra worthwhile and fewer time-consuming for customers.
Why did Minimax Finance select Fantom?
With Fantom being one of many main initiatives when it comes to efficiency and recognition, Minimax has at all times been conscious of its existence and the advantages that it might deliver. These advantages embody a number of issues, together with EVM compatibility that makes it straightforward to deploy dApps, and compatibility with Chainlink and Gelato community, with which Minimax already established technical integrations. Lastly, Fantom additionally stands out because of its low fuel charges, which make its belongings a lovely choice for traders.
Minimax Finance additional famous that its integration with Fantom has been extraordinarily clean and easy and that builders have little hassle with regards to supporting the Fantom blockchain of their multichain dApps. Just about all processes involving communication with Fantom RPC nodes had been quite simple and easy as properly, so the venture didn’t have any difficulties to report.
It famous that there’s one small distinction with regards to evaluating Fantom to different chains, and that lies in several fuel limits and costs, which did require some extra changes, however nothing aside from that.
Lastly, the venture famous that its expertise with Fantom has been wonderful up to now, and that its customers are extremely appreciative of the venture’s options and advantages. Transferring ahead, Minimax will search out extra blockchains and platforms, which can even open up new alternatives for Fantom and its different partnering blockchains.
To study extra about Solana, go to our Investing in Fantom information.