Azuro and deBridge Bring High Speed Bridging to Onchain Prediction Markets

By Chainwire

Lisbon, Portugal, April 18th, 2024, Chainwire

Azuro, the leading onchain predictions protocol, has teamed up with deBridge, the high performance bridge. This collaboration will allow applications using Azuro infrastructure to seamlessly integrate deBridge's bridge and swap solutions, improving the user experience for their users.

Applications using Azuro infrastructure require their users to set transactions on the Polygon or Gnosis network. Such a technical requirement pushes users that don’t hold assets on Polygon to refer to external exchange or bridges. This process incurs additional fees and time delays, detracting from the user experience.

The integration with deBridge addresses this issue by embedding a direct bridging function within Azuro-powered frontends, streamlining transactions and eliminating the need for third-party platforms. This enhances user accessibility and efficiency, directly benefiting Azuro's ecosystem and its users by simplifying the transaction process and reducing associated costs.

With a network of independent validators elected by deBridge governance, the protocol ensures the secure and efficient validation of cross-chain transactions. Its infrastructure offers a wide range of cross-chain capabilities, including asset transfers, smart contract composability, and the creation of novel cross-chain applications.

“In integrating with deBridge, Azuro is giving all the front-ends in their ecosystem the ability to onboard instantly, frictionlessly, from the whole chainscape. We can’t wait to see the innovations that come out of this unlock in on-chain predictions and beyond,” said Alex Smirnov, CEO and Co-Founder at deBridge.

An additional advantage of this partnership is the participation of Azuro frontends in the deBridge points program, a rewards system based on the value and fees generated. Azuro frontends integrating deBridge solutions and their users can accumulate points based on activity, with 25% of the generated points allocated to the integrators.

Over 25 dApps are already using Azuro infrastructure to operate their businesses. As of April 2024, the protocol has witnessed transaction volumes in excess of $225M, and generating revenues above $2.4M. More than 4,400 liquidity providers are engaged in Azuro pools.

This partnership between Azuro and deBridge contributes to building a more interconnected and user-friendly blockchain landscape.

Rossen Yordanov, a core contributor at Azuro, stated, "With this deBridge integration, we're removing a major friction point for our frontends, boosting accessibility to their apps. Now, their users can bridge assets directly within their applications, bypassing the hassle of third-party services.”

About Azuro

Azuro is the onchain predictions layer. It consists of modular tooling, oracle and liquidity solutions for EVM chains to host powerful prediction and gaming apps.

With its unique infrastructure layer approach Azuro makes on-chain predictions and gaming portable and composable. It allows anyone to engage and monetize users by building apps, integrations, and products quickly, permissionlessly and with zero upfront or running costs.

For more information or press inquiries, users can contact team@azuro.org

• Website: https://azuro.org/
• Docs: https://gem.azuro.org
• Github: https://github.com/Azuro-protocol
• Onchain activity: https://dune.com/azuro/stats

About deBridge

deBridge is building the bridge that DeFi deserves. By removing the bottlenecks and risks of liquidity pools, deBridge enables value and information to flow across the DeFiverse virtually instantly with deep liquidity and guaranteed rates.

Contact

Azuro Team
team@azuro.org
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