This type of solution is called a centrifuge connector, which will allow investors and borrowers to start DeFi from multiple angles. The protocol is liquid without intermediary integration. Additionally, investors can switch to their preferred Centrifuge from any support chain to add liquidity.
This type of solution has been heard to be a hybrid product offering bridging and forking features such as a combination of easy integration, low administrative costs, and improved liquidity through pooling and splitting.
In addition, the solution uses a set of Solidity smart contracts that can deploy EVM anywhere on the adapter bridge to transfer pool tokens to users across multiple chains KYC and licensed Centrifuge.
These smart contracts will allow users to directly acquire or invest in pools using the local stable currency on the target chain. It can also open the pool liquidation mechanism to distribute across different chains.
While the team did not reveal further personal details, they are sure a workaround will be rolled out later this year.
According to the Centrifuge team, blockchain companies AvaLabs, Moonbeam and Nomad will join the joint venture as the first partners. Centrifuge co-founder and CEO Lucas Vogelsang said of working with the team that the company will announce more protocol integrations in the coming months.
It is worth noting that Connectors will use NomanBridge as its underlying infrastructure, and the cross-chain function improves security and efficiency, thereby locally connecting the network to multiple blockchains. At the same time, the solution MakerDAO will support the first batch of partner companies.
