Soroswap has chosen to integrate the Spacewalk bridge as its backend solution, dedicated to connecting the best of Stellar’s and Polkadot’s ecosystems. This integration offers seamless on/off ramps and access to fiat-backed stablecoins.
Below, you’ll find a detailed Q&A with Soroswap, where they share their motivations, experiences, and future plans with the Spacewalk bridge.
Q1: What motivated Soroswap to choose Spacewalk bridge as the backend solution for your platform?
The focus of Spacewalk on connecting with Stellar. It’s a great solution to bring Polkadot’s uses to the Stellar Anchors (On/Off Ramps).
Q2: Can you elaborate on the key advantages Spacewalk bridge offers for Soroswap?
Its opensource approach allowed us to implement it straightforwardly. Also it integrates good fiat-backed stablecoins.
Q3: What specific features of the Spacewalk bridge influenced Soroswap’s decision to integrate it as your backend solution?
It is operational right now and uses some of the most well-known fiat-backed stablecoins on Stellar.
Q4: How does the Spacewalk bridge integration align with Soroswap’s vision for the future of decentralized finance?
Spacewalk helps integrate the best of Stellar’s and Polkadot’s ecosystems. This means that a user accustomed to sending money abroad with Stellar will be able to use Polkadot solutions to invest, for example, in DeFi.
Q5: What advice would you give to other DeFi platforms considering integrating with the Spacewalk bridge?
Just start coding! Get the examples on GitHub from Soroswap and Spacewalk, copy and modify them; it’s all open source.
Q6: What unique opportunities has the Spacewalk bridge opened up for Soroswap that weren’t possible before?
There were no bridges to Polkadot before!
Q7: Can you share any future plans or developments that Soroswap envisions with the continued use of Spacewalk bridge?
We would like to implement any new token that Spacewalk will support. We may also add functions to invest in order to increase bridge liquidity and introduce easier ways to get PEN.
About SoroSwap
AMM Aggregator in Soroban Official — Stellar Blockchain. Developed with by PaltaLabs.
About Amplitude
Pioneering the internet of fiat. Amplitude is the sister network of Pendulum on Kusama. It will act as a testing ground for Pendulum applications and network parameters and be powered by the AMPE token.
About Pendulum
Building the missing link between fiat and DeFi through a fiat-optimized smart contract blockchain based on Polkadot’s Substrate. Allowing traditional finance fiat services to integrate with DeFi applications such as specialized forex AMMs, lending protocols, or yield farming opportunities. Developed by SatoshiPay.
Keep your eyes on the Pendulum!
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