$FRA, $MULTI, Findora, zkp, zero knowledge, layer1, privacy, auditability, multichain, bridge, partnership, consensus
We’re excited to announce Findora is expanding through a partnership with Multichain, a cross-chain router protocol. Multichain will add support for Findora, making it easier to bridge assets to and from our privacy-preserving ecosystem.
The timing is critical as Findora prepares for what comes next.
The Multichain partnership paves the way for an integration with a top-20 DeFi protocol, to be announced at Consensus 2023. The integration provides users a way to wrap assets and bridge them to and from the privacy-preserving chain. Multichain, paired with an upcoming DeFi announcement, allows Findora’s vision to become a reality and serve as a privacy layer for Web3.
Why Integrate with a Bridge like Multichain
Multichain is a seasoned protocol in the Web3 space and boasts a total value locked (TVL) of around $1.5 Billion. It has connected a whopping 3,430 tokens across 83 chains, including Ethereum, BNB Chain, and Solana, and its 1:1 bridge enables zero-slippage transfers for innovative cross-chain functions.
We want to give users confidence by partnering with a brand that many people already know and trust.
Multichain, combined with an upcoming top-20 DeFi partnership, provides a huge leap forward for Findora while allowing users a way to bridge their assets to the privacy-preserving chain.
The partnership will allow liquidity to flow into the Findora ecosystem and let Findora export privacy all over Web3 through Multichain.
Safe and Secure
Both Discreet Labs and Findora place the utmost importance on safety and security. Though Multichain operates independently of Discreet Labs, with its own validators and community, it also makes security and safety its top priorities.
Multichain is a battle-hardened protocol that has evolved with time. In addition to having its open-source code regularly reviewed by its community of developers, Multichain has also taken many other security measures. These measures include regular internal and external audits, a bug bounty program, and a security fund as a final backstop to protect its community.
Exporting Privacy to the Web3 World
The Findora-Multichain integration spells good news for the community, as it enables a surge of liquidity to enter the ecosystem. Users will soon find it easier than ever to move assets into Findora from a diverse array of ecosystems.
But it’s not just Findora that stands to gain. The broader world of Web3 benefits from increased access to Findora because it will be much easier for developers to integrate privacy into their protocols and projects.
Ultimately, Multichain’s vision is to create a permissionless, decentralized bridge that will knit Web3 together. By working together, we will be able to bring powerful privacy integrations to top-tier dApps in the industry.
About Findora
Findora builds privacy through advanced zero-knowledge proof cryptography. An innovative layer-1, it combines a native UTXO ledger optimized for privacy with an EVM extension for programmability and interoperability. Developers can leverage either model as they build dApps with auditable privacy.
We appreciate our developers and would love to onboard you to the Findora ecosystem. Please reach out, and join our social channels for more.