Clover Finance, Darwinia Network exploring solutions for interaction of new chain-assets into Polkadot

Clover Finance, Darwinia Network exploring solutions for interaction of new chain-assets into Polkadot

Clover Finance, a smart contract platform that enables Ethereum projects to migrate onto Polkadot, and Darwinia Network, a decentralized cross-chain bridge building on Substrate, today announced a partnership to jointly explore solutions for cross-chain interaction of heterogeneous chains to introduce more Ethereum, Binance Smart Chain (BSC), and other chain assets into the Polkadot ecosystem.

Already, a cross-chain transfer of assets between ETH and Polkadot has been successfully originated; which proves the feasibility of cross-chain transference between heterogeneous chains, from a technical point of view.

As a Polkadot-based smart contract platform, Clover is aware of the importance of cross-chain assets. The two parties will jointly study cross-chain solutions for the interaction of assets in heterogeneous chains from the technological, economical, and efficiency sides; and provide blockchain users with a technically feasible, economically feasible, and efficient heterogeneous chain cross-chain transfer bridge. Also, both parties will jointly study relevant cross-chain standards in the DeFi and NFT fields.

Moreover, Clover has finalized the development of the BSC-Polkadot cross-chain transfer bridge and is undergoing internal testing. In the near future, Darwinia will continue to develop cross-chain transfer bridges for heterogeneous chains such as Avalanche, Fantom, Heco, and combine them with Clover’s native wallet app and plug-in wallet to provide a more heterogeneous chain for the Polkadot ecosystem.

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