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[PRESS RELEASE – Dubai, United Arab Emirates, April 25th, 2023]
The Unizen team, which operates the Web3 ecosystem available at zcx.com, is excited to announce a strategic collaboration with THORChain. In particular, Unizen has incorporated the THORChain settlement layer to facilitate swaps between ETH (Ethereum) and AVAX (Avalanche C-chain) to BTC (Bitcoin) and vice versa.
“THORChain has developed an exceptionally sophisticated solution that has demonstrated resilience against the challenges of time and market volatility, enabling decentralized liquidity for assets on non-programmable chains,” states Martin Granström, CTO of Unizen. “This made THORChain the clear choice for enhancing trades on the Unizen Trade platform involving Bitcoin, Litecoin, Dogecoin, and other cryptocurrencies.”
“Unizen is an ideal platform to provide cross-chain swaps powered by THORChain. The industry has gradually transitioned from centralized swap services to DeFi protocols. The objective is to deliver the centralized exchange trading experience to users while ensuring the security of self-custody,” remarks Gavin McDermott, CEO of Nine Realms.
“Unizen already provides a top-tier experience as a DEX aggregator, and we are eager to assist them in broadening their cross-chain capabilities with native Bitcoin and more.”
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About Unizen
Unizen is an innovative operating system for Web3 applications that allows users to interact with all aspects of Web3 seamlessly, cost-effectively, and securely. It aims to deliver a non-custodial, unified user experience for engaging with various Web3 applications and assets, irrespective of the underlying blockchain technology. Unizen effectively addresses the complexities, accessibility, costs, and interoperability challenges that the DeFi sector faces.
About THORChain
THORChain is a cross-chain liquidity protocol that enables the exchange of native digital assets across multiple blockchains, including Bitcoin, Ethereum, BNB Chain, Avalanche, Bitcoin Cash, Litecoin, Dogecoin, and Cosmos Hub. THORChain does not rely on wrapped assets or external dependencies such as oracles. It is permissionless to become a validator, provide liquidity, or execute a swap. Numerous wallets, exchanges, and DEX aggregators utilize THORChain’s liquidity to offer in-kind yield and cross-chain swaps to their users.
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