We are excited to announce that the Nervos Network will be partnering with SundaeSwap Labs, Inc., the flagship decentralized exchange protocol on Cardano.
The soon-to-be-launched Nervos Force Bridge will be a key component of the partnership, which will enable the SundaeSwap decentralized exchange to utilize Nervos’ bridge to provide additional liquidity.
“Cardano has been a familiar partner for Nervos with the formation of the UTXO alliance, as well as the building of the first bridge to Cardano, and our latest partnership with SundaeSwap Labs is a promising one for both Nervos and Cardano,” said Kevin Wang, co-founder at Nervos.
“SundaeSwap Labs is thrilled to enter into a strategic partnership with Nervos. As a decentralized exchange on Cardano, we are committed to providing solutions that strengthen the Cardano ecosystem as a whole, while supporting its core mission of interoperability amongst other blockchains. We are very pleased to be part of the first cohort of projects who are taking that initiative by implementing the Nervos bridge,” said Mateen Motavaf, CEO of SundaeSwap Labs.
“The partnership with SundaeSwap Labs represents a further step in our interoperability journey as we look to showcase the ability of the Force Bridge to seamlessly connect first to Ethereum, and then to Cardano. We look forward to collaborating with the SundaeSwap Labs team and working with other Cardano projects in the future,” added Kevin.
This strategic partnership is an important step toward interoperability between the Nervos and and Cardano chains. SundaeSwap is among the first Cardano projects to leverage Force Bridge technology to create cross chain liquidity.
With the ADA bridge under development and the Force Bridge going live soon, Nervos is positioning itself as a hub of interoperability while showcasing its impressive developer tools.
SundaeSwap Labs develops decentralized finance (DeFi) platforms that enable economic empowerment for all. At the heart of its development efforts is the SundaeSwap DEX, a decentralized exchange where Cardano-based peer-to-peer transactions can be conducted quickly, safely and inexpensively. The SundaeSwap DEX allows participants in the Cardano blockchain to provide liquidity and create a market for others to exchange their native tokens. In return, swappers pay a small fee and liquidity providers earn a return on their deposit. Cardano is a third-generation blockchain noted for its transactional efficiency, relatively low environmental footprint and peer-reviewed secure technology. SundaeSwap Labs is a Wyoming corporation.
SundaeSwap’s website: https://sundaeswap.finance/
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