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Cryptocurrency News Articles

WOOFi Pro Integrates with Avalanche, Unlocking Faster and More Affordable DeFi Trading

Nov 19, 2024 at 05:44 pm

WOOFi, the decentralized exchange (DEX) protocol under the WOO ecosystem, is pleased to announce the integration of WOOFi Pro with Avalanche.

WOOFi Pro Integrates with Avalanche, Unlocking Faster and More Affordable DeFi Trading

Decentralized exchange (DEX) protocol WOOFi, part of the WOO ecosystem, has integrated WOOFi Pro with Avalanche.

Avalanche is known for its sub-second transaction finality and very low fees, making it a suitable blockchain for expanding the WOOFi ecosystem. This integration will allow WOOFi Pro users to seamlessly transact on one of the most advanced and developer-friendly blockchain networks, increasing the efficiency of crosschain trading.

"Avalanche's speed, security, and scalability align perfectly with WOOFi's mission to empower traders through innovative DeFi solutions. Avalanche is one of the few networks that prioritizes onboarding of mainstream users via verticals like institutional DeFi, gaming, and more - as such it's imperative we give Avalanche users a native experience,” said Ben Yorke, VP of the WOO Ecosystem.

WOOFi Pro on Avalanche introduces native deposits and withdrawals, allowing users to interact directly with the Avalanche network without relying on bridging solutions, thereby minimizing associated costs. With Avalanche's industry-leading transaction finality, traders experience near-instantaneous execution with minimal latency, ensuring seamless trading operations. Additionally, Avalanche's ultra-low gas fees provide a cost-efficient environment, maximizing value for traders. This integration provides both individual and institutional users with advanced DeFi trading tools, combining enhanced scalability, speed, and affordability to deliver an unparalleled trading experience.

This launch marks another milestone in WOOFi's continuous efforts to build a crosschain future for decentralized trading. With over $48 billion in cumulative trading volume and support for 12 blockchains, WOOFi remains a leading player in the decentralized trading space.

The addition of Avalanche to WOOFi Pro not only broadens accessibility but also underscores WOOFi's commitment to providing unparalleled trading experiences. Whether users are trading simple swaps, crosschain assets, or perpetual futures, the integration ensures Avalanche's seamless performance boosts the efficiency of every transaction.

News source:www.manilatimes.net

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