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Getting Different Crypto Ecosystems to Work Together
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Getting Different Crypto Ecosystems to Work Together

Diverse pain points (both small and large) remain within the ever-changing blockchain space while new ones appear every day. Generally, these pain points happen when different systems on different mainnets (both centralized and decentralized) try to interoperate as seamlessly as possible. While huge innovations are happening at the product level every day, the system as a whole has one big problem: how to get different ecosystems to work together.

In the blockchain ecosystem in particular, there are too many types of decentralized finance (DeFi) platforms and strategies to learn. Even the process of simply moving assets between DeFi platforms requires learning how to use each platform separately.

However, BIFROST is developing products and services that will allow both new and avid crypto users to interact across platforms and help mature the overall ecosystem, allowing users to get the best out of every protocol. This will create a multichain decentralized infrastructure that connects all capital markets to allow capital to flow seamlessly from one blockchain to another. BIFROST will become the standard gateway to crypto, DeFi, non-fungible tokens (NFTs), GameFi, and others – bringing the best multi-chain experience for all users.

On Dec. 1, BIFROST released ChainRunner Q, a service that connects to multiple DeFi protocols simultaneously with a simple interface and allows users to use DeFi services without programming knowledge. The genesis of ChainRunner was to find a way to easily install, use and test BIFROST’s smart contract. ChainRunner will start with ChainRunner Q, a DeFi utilization service for developers as well as non-developers, and will support powerful smart contract testing functions in the future.

ChainRunner Q is a blockchain-only script language-based service that allows non-experts to perform complex transactions within the blockchain simply by typing in the amount of cryptocurrencies to use in multiple smart contracts of many DeFi platforms. It also provides automation tools for non-professionals to easily execute complex transactions related to DeFi and NFTs.

Lowering barriers to entry for DeFi

ChainRunner will enable developers to test various cases of smart contracts on the blockchain for their own benefits, and even add more DeFi scenarios on ChainRunner themselves. In ChainRunner Q, various DeFi positions are provided at once, so various transactions can proceed simply by entering the amount of assets inside the manual provided in ChainRunner Q.

ChainRunner Q aims to lower barriers to enter the DeFi ecosystem by providing services that handle various types of complex DeFi services easily at once. At launch, various scenarios have been provided that utilize Compound, AAVE, BiFi, BiFi X and Sushiswap services. Ultimately, more scenarios will be added on the platform so the users can utilize various blockchain protocols without having programming knowledge.

DeFi doesn’t have to be complicated. With BIFROST now anyone with an interest in crypto can join the ecosystem, whether they are new to crypto or an existing or avid user. Even Defi developers can join this new hub of blockchain networks, ecosystems and communities

Source: CoinDesk.com

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