Horizen integrates Ascent Exchange and ICHI Vault
Horizen EON, a scalable blockchain platform for decentralized finance (defi) applications, has integrated Ascent Exchange into its ecosystem through ICHI Vault. Ascent Exchange is a global digital trading platform that enables users to trade various tokens.
This integration allows users to benefit from the defi utility of both projects. Horizen EON offers privacy and security for building innovative applications, while Ascent Exchange provides liquidity for trading Horizen EON tokens and earning yield through the ICHI vault.
The ICHI vault protocol is utilized by Uniswap v3 for liquidity management, allowing decentralized exchange users to optimize their liquidity position and earn higher returns through automated strategies and rebalancing mechanisms.
“Our integration with Ascent Exchange is a testament to Horizen EON’s commitment to interoperability and resilience in the blockchain ecosystem. Ascent’s expertise and Horizen’s EVM-compatible platform mark a significant milestone towards creating a more interconnected and robust defi ecosystem. Ascent Exchange’s early adoption of the Horizen EON platform aims to redefine the defi trading space.” – Rob Viglione, co-founder of Horizen and CEO of Horizen Labs
Trading and data transfer
The integration between Horizen EON and Ascent Exchange enables seamless trading experience and data transfer within the ecosystem. This collaboration aims to advance the vision of a unified and interoperable web3 ecosystem.
Furthermore, incorporating Ascent Exchange benefits Horizen users by attracting new participants and establishing a new standard in the trading space. This strengthens Horizen EON’s position as a leading crypto exchange for developers and enthusiasts.
“Horizen EON’s exceptional scalability and efficiency empower us to process an increased volume of transactions swiftly and cost-effectively, revolutionizing our operational capabilities. Fundamental to our ethos, the robust security protocols of Horizen EON ensure an unwaveringly secure and trustworthy environment for our users. Embracing the shared values of decentralization and innovation, we join hands with the vibrant Horizen community, further enriching our community-centric approach. This pivotal shift reflects our evolution and our commitment to exploring new horizons in decentralized finance, inviting our community to be a part of this exciting journey.” – Bones, founding member of Ascent Exchange
Previously, Horizen Labs and Stably collaborated to launch ZUSD, the first stablecoin on EON.
Hot Take: Horizen EON integrates Ascent Exchange for a more robust defi ecosystem
Horizen EON’s integration of Ascent Exchange through ICHI Vault signifies its dedication to interoperability and resilience in the blockchain ecosystem. By combining their expertise, these platforms aim to redefine the defi trading space and create a more interconnected web3 ecosystem.
This integration provides users with enhanced defi utility by leveraging Horizen EON’s privacy and security features for building innovative applications, along with Ascent Exchange’s liquidity for trading Horizen EON tokens and earning yield through the ICHI vault.
The seamless trading experience and data transfer within the ecosystem contribute to a unified web3 environment. This collaboration strengthens Horizen EON’s position as a leading crypto exchange while attracting new users to Ascent Exchange. Together, they are driving forward decentralized finance and inviting their communities to join this exciting journey.
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