Unizen enters a strategic partnership with THORChain
Dubai, United Arab Emirates, April 25, 2023, Chainwire
Unizen, which operates the web3 ecosystem at zcx.com, is pleased to announce a strategic partnership with THORChain. Specifically, Unizen has integrated the THORChain settlement layer to enable swaps between Ethereum and AVAX (Avalanche C-chain) to Bitcoin and vice versa.
“THORChain has devised an exceptionally refined solution that has proven resilient against the trials of time and fluctuations in market conditions, facilitating decentralized liquidity for assets on non-programmable chains,” says Martin Granström, CTO of Unizen. “This made THORChain the obvious selection for empowering trades on the Unizen Trade platform involving bitcoin (BTC), litecoin (LTC), dogecoin (DOGE), and additional cryptocurrencies.”
Gavin McDermott, CEO of Nine Realms, said:
“Unizen is an excellent venue to offer cross-chain swaps powered by THORChain. The industry has slowly moved from centralized swap services to decentralized finance (DeFi) protocols. The goal is to bring the centralized exchange trading experience to users while maintaining the security of self-custody. Unizen already offers a best-in-class experience as a DEX aggregator, and we are excited to help them expand their cross-chain routes with native Bitcoin and more.”
About Unizen
Unizen is a cutting-edge operating system for web3 applications that enables users to seamlessly, cost-efficiently, and securely interact with all things web3. It is designed to provide a non-custodial, unified user experience for interacting with various blockchain applications and assets, regardless of the underlying blockchain technology. Unizen uniquely solves the complexities, accessibility, costs, and interoperability issues plaguing the DeFi space.
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About THORChain
THORChain is a cross-chain liquidity protocol that facilitates the exchange of native digital assets on multiple blockchains, including Bitcoin, Ethereum, BNB Chain, Avalanche, Bitcoin Cash, Litecoin, Dogecoin, and Cosmos Hub. It does not use wrapped assets or external dependencies like oracles. Becoming a validator, adding liquidity, or making a swap is permissionless. Dozens of wallets, exchanges, and decentralized exchange (DEX) aggregators use THORChain’s liquidity to offer their users in-kind yield and cross-chain swaps.
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