Fantom partners with Clover to accelerate the adoption of cross-chain DeFi
Fantom is proud to announce a new strategic partnership with Clover to accelerate and boost the adoption of cross-chain DeFi.
Clover and Fantom will focus on several unique products to drive the shared vision of interoperability and a cross-chain DeFi ecosystem on Fantom Opera and Clover’s parachain.
The partnership’s primary goal is to integrate Fantom-based assets into the Clover DeFi Platform. The full EVM compatibility of Clover Finance enables seamless integration with Fantom, allowing Clover to introduce Fantom-based assets and DeFi applications to the Polkadot users.
Fantom and Clover will collaborate on these principles, starting with a focus on a few sets of products, including the Clover extension wallet and Cloverscan, to contribute to Fantom’s growing cross-chain network effect.
Clover has successfully launched an open beta browser extension wallet, with inherent support for Fantom Opera mainnet built-in. This will allow users to easily interact with successful Fantom-based dapps such as Multichain.xyz and Popsicle Finance and interact with Polkadotjs based networks such as Clover, Kusama, and Edgeware, amongst others. The Clover team will design a seamless user experience using the multichain dapp combined with the cross-chain extension wallet.
Clover is a powerful smart contract platform that enables Ethereum developers and projects to migrate their contracts onto Polkadot. By minimizing the changes required to run existing Solidity smart contracts on the new network, Ethereum projects can simply replicate their dApp and deploy it to Clover using MetaMask, Truffle, Remix, and other familiar tools.
Fantom is a fast, scalable, and secure layer-1 platform built on a permissionless aBFT consensus protocol. The speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world uses.
Fantom is fully compatible with Ethereum through the EVM and positions itself as a natural scaling solution for Ethereum; developers can easily build on Fantom using Solidity and the same tools as on Ethereum, such as Hard Hat, Remix, Brownie, and Truffle.
The team who built Etherscan, the most used Ethereum explorer, made FTMScan as well for a seamless developer experience.
Many Ethereum protocols are porting over to Fantom to create a seamless cross-chain ecosystem. These include Sushiswap, Yearn, Curve, C.R.E.A.M., Keep3rV1, Cover, Frax, and others.
The technology is also used in several government digitization programs in the Middle East.