We invited our partner to help our communities better understand Choise.com cooperation with Socket.
Could you tell us more about Socket? What is your mission?
“So at Socket, we are building an interoperability protocol for secure & efficient data and asset transfers across chains.
To understand Socket’s role in the space, we need to take a step back & understand the current landscape
The current state of the space with a constant rise of new L1s and L2s by the day has led us to a highly fragmented multichain world, which poses problems for both apps and users
At Socket, we aim to solve this massive multi-chain problem by giving developers the infrastructure to build truly multichain apps, unified & accessible from anywhere!”
Website — https://socket.tech/
Discord — https://discord.gg/zfKJR8yWaH
Twitter — https://twitter.com/socketdottech
Could you tell us about your partnership with Choise.com and why it’s exciting?
“Sure, our partnership with Choise.com which went live recently is really exciting because it solves the mission mentioned earlier that we are enabling apps like Choise.com!
We believe wallets will be the key pillar for onboarding the next billion to web3. Choise.com’s MetaFi approach shows how much they care about this problem where they also tackle the CeFi angle through better on-ramps.
Through the partnership, Socket helps Choise.com tackle the DeFi part of the onboarding problem.
By integrating Socket into Choise.com portfolio manager, users get the best bridging experience directly provided in-app. This allows users to seamlessly bridge across all their favorite chains thereby giving them access to many more yield opportunities in the multichain space!”
How does the in-app bridge on Choise.com powered by Socket work, what are some of the features that users should know?
“The Choise.com Bridge under the hood is powered by Socket’s Liquidity Layer that brings an aggregated layer of various asset bridges and DEX aggregators under one roof!
The bridge offers you choice among all major bridges including Hop, Multichain, Across, Celer, Hyphen as well as Native bridges including Optimism & Polygon POS.
What does all this mean for Choise.com users?
– Seamless bridge & invest across 8+ chains
– Perform cross-chain swaps from any asset on the source chain to required asset on the destination
– Don’t get restricted to just one bridge, and choose the preferred route based on fees, speed or gas costs!”
What are the other cool multichain things can you enable for Choise.com with the Socket tech?
“The In-app bridging partnership is just the start, which removes painful experience of navigating bridges, so the future partnerships can be much much more exciting 🙂
One cool thing we have been working on that you can expect in most wallets soon, is something called cross-chain zaps.
So currently when you come across a high APR opportunity on a chain and want to deposit into a vault, you need to first bridge your funds, swap into desired token and finally deposit.
With cross-chain zaps, you can zap into a vault on Optimism right from Polygon and all the bridging is done for you behind the scenes. With this farming and degening for yield opportunities is taken truly to the next level!”
What are the future releases that you are working on at Socket that we can expect?
“Socket’s Liquidity Layer which is currently adopted by 30+ partners including wallets like Choise and major defi apps like Synthetix, is just Phase 1 of our grand multichain plan!
We are currently actively working on the Phase 2 of our interop stack, the ‘Data Layer’.
The arrival of Data Layer combined with the Liquidity Layer will give protocols the full canvas to create the most awesome apps in the multichain.
For example, in future you could see an app breaking itself into pieces, a gaming app can have its execution on Solana & have NFTs on Ethereum & in-game assets tradable on Arbitrum.
We can’t be more excited about the Socket powered multi-chain future!”
Twitter — https://twitter.com/ChoiseCom
Discord — https://discord.gg/gkcrQjcEFY
Telegram Community — https://t.me/Choise_com_Chat
Telegram Announcements — https://t.me/choise_com