forbitspace, a Super DEX aggregator, creates a single liquidity ecosystem for Ethereum, Polygon, Avalanche and more
Evolution of Web3 and DeFi era amplified numerous major bottlenecks in terms of cross-blockchain compatibility and interoperability. Unfortunately, heterogeneous blockchains cannot interact seamlessly due to technical limitations. Cross-chain systems are designed to eliminate these barriers to make DeFi operations straightforward and profitable.
Out-of-the-box approach: single product includes aggregation protocol, liquidity protocol, limit orders instruments and derivatives trading module;Self-custody ecosystem with decentralized wallet, asset management instruments and cross-network bridges;What are multi-chain and cross-chain, and why have they become mainstream?
However, modern two-side bridge systems are still vulnerable to various sorts of attacks. Ethereum inventor Vitalik Buterin criticized them as the Solana-Ethereum bridge Wormhole was drained of $320 million in early February 2022. The protocol has issued native FBS tokens. It serves as a governance asset and as a rewards asset for liquidity providers of different elements of forbitspace. Its architecture also includes Space DAO, a decentralized autonomous organization that allows FBS holders to have a say in all crucial referendums on upgrades of forbitspace and its elements, rewards strategy, product development and so on.
Also, forbitspace has opened a derivatives trading module. Its operations are fully controlled by smart contracts while the trading experience can be compared to that of CEX heavyweights. This toolkit makes decentralized trading accessible even for crypto newbies: they do not need to put their riches at risk by bringing them to custody services of centralized exchanges.
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