By creating an ecosystem that connects blockchain networks that thrive on interoperability, Wanchain has been gaining ground since 2017. After successfully announcing the recent partnership with XRP, Jack Lu, CEO of Wanchain, made it clear that the platform had bigger plans for the future. Lu said:
“We are currently not looking at the private chains, but rather many public chains such as Bitcoin and corporate solutions. Eventually we will all connect and bridge the gap between the traditional financial world and the new decentralized world. “
Lu highlighted the company’s current and future partnerships, adding, “Many chains, including Polkadot and Litecoin, have been lined up. In fact, many of the top chains are on our list and we’re working on it. “
Wanchain’s official statement highlighted the latest deal with XRP.
“XRP holders can now safely use their XRP to manage, mine and provide liquidity instead of simply leaving their tokens inactive in wallets and exchanges. XRP tokens can now finally interact with DeFi applications and develop their full potential. “
Wanchain currently has a wide variety of DeFi applications to help keep the liquidity runoff and profitable agriculture going for the XRP holders. Users can send their XRP to Wanchain’s decentralized exchange, Wanswap, and trade the three pairs already available to conduct liquidity mining. For agriculture, owners can rank their XRP in the positive pair, which currently yields between 70 and 90 percent.
During the interview, Lu mentioned that more than a million XRPs had been moved from the ledger to Wanchain and 1,600 transactions had been successfully processed.
After three bridges have already started, users can now move their XRP on the Wanchain and Ethereum networks.
Lu made it clear
“You can participate in DeFi applications on Wanchain and move your XRP to the other bridges, including Ethereum, or other chains, to participate in the high-yielding DeFi applications.”
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