MPCVault Integrates LI.FI To Expand Cross-Chain Support

We’re excited to announce that MPCVault, a leading multi-signature crypto wallet for teams, has integrated LI.FI! With the integration, Crypto teams and team members can seamlessly swap assets between seven leading chains and layer-2s, including Ethereum, BSC, Arbitrum, Polygon, Optimism, Avalanche, and Base.

For example, Jason gets paid in USDC on Ethereum but wants ETH on Optimism. 

Before the LI.FI Integration using a Centralized Exchange this would look like:

1. Using the CEX swap tool to go from USDC → ETH (This often has high fees, which results in receiving less)

2. Selecting ETH and the desired destination chain (In this case, Optimism).

3. Enter the wallet address and ensure it's compatible with the receiving chain (funds can be lost if the address doesn’t support the receiving chain).

4. Waiting for funds to arrive (they often have high wait times during times of increased traffic).

5. After some time, Jason receives ETH on Optimism.

6. An issue with CEXs is that they often have limited support for chains; for example, a leading US exchange only supports six chains. This becomes an issue when the user wants funds on a chain that is not supported.

Before the LI.FI integration using a Decentralized Exchange and Bridge this would look like:

1. Leaving the MPCVault wallet to search manually between various DEX options and compare prices.

2. Swap USDC to ETH

3. Sign two different transactions – token approval and swap transaction.

4. Jason receives ETH 

5. Research various bridges to move funds between chains

6. Bridge between Ethereum and Optimism

7. Sign token approvals and bridge transactions.

8. Jason Receives ETH on Optimism

After the LI.FI integration:

1. Built-in bridge/swap feature combined with multi-chain EVM wallets – No need to leave MPCVault.

2. Jason simply clicks on the Swap button for token approvals, swap, and bridge.

3. LI.FI automatically compares 35 DEXs and 14 bridges to find the best swap rates and most efficient bridge routes for the USDC on Ethereum to ETH on Optimism.

4. Jason receives ETH on Optimism in his multi-chain EVM wallet.

We’re thrilled to partner with MPCVault to abstract away the complexities of the cross-chain universe!

What Is MPCVault?

MPCVault is a non-custodial Web3 wallet designed for teams, featuring multi-chain, multi-asset, and multi-signature capabilities. It facilitates access to powerful treasury management features, batch-payments, decentralized finance (DeFi), and policy management for team members. MPCVault has processed over $3B in transactions in 2023. Trusted by hundreds of Web3 organizations around the globe for on-chain asset management, it has been adopted by leading exchanges, crypto venture capital firms, Web3 companies, hedge funds, and trading desks. 

Built on cutting-edge multiparty computation technologies, MPCVault distinguishes itself from other custodians and wallet providers through its unique, patent-pending technologies. Additionally, MPCVault ensures top-tier security by enabling end-to-end encrypted communication by default, with public key pinning, thereby creating a zero-trust architecture.

To learn more about MPCVault check out their:

• Website

• Twitter

• Blog

• Linkedin

What Is LI.FI?

LI.FI is a middleware solution connecting 20 EVM chains and Solana via 12 bridges, 25 DEXs, and 5 DEX aggregators (and growing).

LI.FI’s product portfolio features sophisticated white-label B2B solutions that not only allow same-/cross-chain swapping capabilities but also grant arbitrary contract calls for the implementation of advanced cross-chain strategies such as yield aggregation, LP-zapping, NFT purchasing, and many more. We believe Web3 needs to be made available not only for the next billion users but also for the next million developers to build on it.

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

• Superfluid - Widget Integration

• Alchemix - SDK Integration

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
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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.