In a bold move to give crypto users access to deeper DeFi liquidity, Wheelx, an AI-powered bridge and swap aggregator, today announced a strategic partnership with Kyber Network, a multi-chain crypto trading and liquidity platform. This partnership allowed Wheelx to integrate Kyber Network’s aggregation engine to bring competitive pricing and deep cross-chain liquidity across 17 chains to its DeFi protocol.
Wheelx is a DeFi protocol that aggregates liquidity from various decentralized protocols to provide users with the best possible trade executions. The AI-powered bridge and swap aggregator allows users to trade any crypto token across multiple chains, designed to unify fragmented liquidity across DEXs (decentralized exchanges), cross-chain bridges and various blockchain ecosystems. The bridge aggregator platform abstracts the complexities of liquidity sourcing, bridging and routing, allowing users to transact seamlessly across asset types and chains.
Wheelx strengthens the capabilities of DeFi with Kyber aggregation
The partnership facilitated the integration of Kyber Network’s aggregation engine, a move that now gives Wheelx access to more than 420 liquidity providers on more than 17 blockchain networks to provide its users with broader on-chain swap capabilities. Kyber Network is a cross-chain hub and DEX aggregator that has expertise in aggregating crypto liquidity from multiple sources across numerous chains, allowing users to easily trade crypto assets and access different networks in one place.
With the above partnership, Kyber Network’s extensive liquidity ecosystem will enable Wheelx users to unlock greater DeFi opportunities, with little delay in trade executions. This integration marks a pivotal achievement, allowing Wheelx users to access liquidity from various DEXs, allowing them to perform cross-chain swaps and trade on different chains. Specifically, the KyberSwap integration provides Wheelx users with access to multi-chain trade executions at the best rates, extensive support for numerous DEXs, and trading on multiple EVM chains.
Expanding Horizons for DeFi Effectiveness
The partnership demonstrates Wheelx’s commitment to integrating the major liquidity sources in the DeFi space to introduce the most seamless multi-chain experience to its users. Through this partnership, Kyber Network will provide Wheelx users with access to deep DeFi liquidity through Kyber’s multi-chain DEX aggregation and liquidity features.
DeFi users are always looking for new opportunities to make the most of their token holdings. Wheelx believes that the alliance with Kyber Network’s cross-chain DEX and aggregator will unlock large amounts of locked capital and inject large amounts of DeFi liquidity into its decentralized protocol.