Redacted Integrates LI.FI To Enable Seamless Cross-Chain Zaps
We're excited to announce that Redacted has integrated LI.FI with their liquid staking protocol, Pirex ETH, to facilitate seamless cross-chain zaps.
With the integration, users can seamlessly zap various assets into pxETH or the yield-bearing apxETH from 4+ leading chains & L2s such as BSC, Optimism, and Arbitrum to start earning Ethereum staking yield!
For example, a user can go from BNB on BSC to pxETH on Arbitrum in just a few clicks without leaving Redacted's platform.
By leveraging LI.FI's 14 bridges (Across, Allbridge, Connext, Circle CCTP, Stargate, and others) and 33 DEXs, DEX aggregators, & solvers (Uniswap, 1inch, 0x, Sushiswap, Enso + others) users are guaranteed to find the best route available when executing zaps.
This partnership abstracts away the complexities of Ethereum staking and allows users to earn yield on their Ethereum in a simple way. Try out pxETH or apxETH here.
What Is Redacted?
The Redacted ecosystem offers an innovative product suite of smart contracts empowering on-chain liquidity, governance, and cash flow for DeFi protocols.
Redacted provides three main services:
Dinero: An experimental protocol which capitalizes on the premium blockspace market by introducing: (i) an ETH liquid staking token ("LST"), called Pirex ETH, which benefits from staking yield; (ii) a decentralized stablecoin (DINERO) as a medium of exchange on Ethereum; and (iii) a public and permissionless RPC for users.
Hidden Hand: A marketplace for governance incentives, commonly referred to as "bribes." Protocols can leverage Hidden Hand to enable more efficient governance processes and to engage their voters. Through Hidden Hand users can earn extra yield on their favorite governance tokens via bribes.
Pirex: Designed to simplify the management of staked tokens. It provides auto-compounding, yield management, and gives users access to liquid wrappers for staked tokens. By expanding the utility of staked tokens, Pirex allows users to access unique features and yield-earning opportunities.
To learn more about Redacted check out their,
What Is LI.FI?
LI.FI is a middleware solution connecting 20 EVM chains and Solana via 14 bridges, 25 DEXs, 5 DEX aggregators, 3 Solver networks (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
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.