Cross-chain infrastructure developer deBridge has launched the deSwap Liquidity Network (DLN) API – a trading infrastructure designed to enable powerful interoperability without a liquidity pool.
According to a press release shared with CryptoSlate, the DLN API is built on top of deBridge's cross-chain messaging layer and enables new levels of improved speed, scalability and user experience.
DLN eliminates the need for liquidity pools for cross-chain transfers. This allows any protocol or decentralized application to enable near-instant native cross-chain trading of any amount without slippage.
By eliminating liquidity pools, the new API promises deep, liquid interoperability with Maximum Extractable Value (MEV) protection. The high liquidity comes from the fact that DLN efficiently sources liquidity from the entire DeFi market and not just from a single liquidity pool.
DLN API also removes the risks and limitations of liquidity pools. This is especially important considering that liquidity pools and cross-chain bridge vulnerabilities have caused more than $2 billion in losses to DeFi protocols.
Furthermore, it also promises faster and more capital efficient trades. Transactions with DLN would be settled in seconds or minutes, and users do not have to pay automated market makers or lose capital to MEV bots.
“DLN Zero-TVL creates the first sustainable mechanism for cross-chain liquidity trading by enabling value appreciation without the need to continually distribute liquidity mining rewards.”
According to deBridge's website, any project can be integrated into its DLN via the Live API or by interacting directly with the smart contract. It also noted that “DLN is completely asset agnostic, meaning you can place an order with wBTC or FTT or any other asset.”
This new tool is the latest in deBridge's product line and focuses on scaling DeFi applications faster and with better capital efficiency. DeBridge Finance has already developed several solutions such as deSwap, deNFT and dePort to improve user experience.
DLN currently supports Arbitrum (ARB), Ethereum (ETH), BNB Chain, Polygon (MATIC), and Avalanche (AVAX).
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