Extra Finance Integrates LI.FI

We’re excited to announce that Extra Finance, a leveraged yield farming protocol on Optimism, has integrated LI.FI’s widget inside its dApp! With the integration, users can move their existing assets from 17+ EVM-compatible chains directly into Optimism to start earning yields without the need to leave the platform.

What is Extra Finance?

Extra Finance is a decentralized lending and leveraged yield-farming platform built on Optimism. Users can implement customized farming strategies or deposit into lending pools to earn interest. Additionally, Extra Finance has integrated farming pools on Velodrome, allowing users to tailor their farming strategies through options such as reinvesting, market-neutral, and long/short farming. Extra Finance has been audited by PeckShield, and in partnership with InsurAce, ensuring the utmost security for our platform. 

Here are some features that set apart Extra Finance from other yield farming platforms:

• Optimism-Native - Extra Finance is built on Optimism which allows users to take advantage of high speeds & low fee transactions.

• Leveraged Yield Farming - One of Extra Finance’s most interesting features is leveraged yield farming which allows users to amplify their returns on investments by borrowing additional funds to invest in a liquidity pool. 

• Custom Farming Strategies - Extra Finance offers many strategies, including reinvesting strategy,  long/short strategy, and market-neutral strategies.

• Lending - Extra Finance allows users can earn stable yields by supplying assets to the lending pool, which are then borrowed by leveraged yield farmers to perform yield farming.

And most importantly,

Cross-Chain Swaps - Extra Finance has integrated LI.FI to power seamless cross-chain swaps inside its platform.

What is LI.FI?

LI.FI is the most advanced bridge and DEX aggregator with smart routing capabilities to find the best route to move any asset on any chain, to another asset on another chain. We have added support for 14 bridges across 15+ EVM-compatible chains, along with all DEX aggregators & DEXs on those chains, into a single solution that is available as an SDK, Widget, or API.

We believe Web3 needs to be made available for not only the next million users, but for the next million developers to build on it as well.

Our SDK is the ultimate cross-chain money lego for dApps to build on top of or plug into themselves.

• We've integrated multiple fallback bridges + DEXs so that you don't have to

• We maintain bridges + DEXs so that you don't have to

• We choose the best bridges based on our research so that you don't have to (positioning ourselves neutral)

For some examples of how LI.FI works, check out:

• MetaMask Bridges - API Integration

• Cross-Chain Klima Staking - Custom-built cross-chain staking product for Klima

• Alchemix - SDK Integration

LI.FI x Extra Finance

Extra Finance has embedded LI.FI’s widget directly into their website. With the integration, any user with assets on any chain can seamlessly bridge their assets directly into Optimism to start earning yields in just a few clicks. 

By leveraging LI.FI’s advanced aggregation stack, users have access to 17+ EVM-compatible chains & layer-2s. 

To learn more about Extra Finance check out their,

• Website

• Twitter

• Discord

• Blog

• Docs

Get Started With LI.FI Today

Enjoyed reading our research? To learn more about us:

• Head to our link portal at link3.to
• Read our SDK ‘quick start’ at docs.li.fi
• Join the official Discord Server
• Subscribe to our newsletter on Substack
• Follow our Telegram Newsletter
• Follow us on Twitter & LinkedIn

Disclaimer: This article is only meant for informational purposes. The projects mentioned in the article are our partners, but we encourage you to do your due diligence before using or buying tokens of any protocol mentioned. This is not financial advice.