Discover the launch of XFlows by Wanchain, which aims to streamline and reduce costs on cross-chain asset swaps 

Wanchain has launched the XFlows platform, a safe and effective solution allowing users to swap assets that are native or comparable in equivalence.

London, February 19 – Wanchain , a prominent player in decentralized blockchain interoperability, proudly announces the debut of the XFlows – a platform for native asset cross-chain swaps. With XFlows technology, users can effortlessly exchange assets across different blockchains and consistently receive either native assets or those that closely resemble them. 

XFlows stands out as a decentralized cross-chain solution, leveraging Wanchain’s cross-chain bridges, which boast an impeccable safety record spanning seven years without any downtime or hacks, providing reassurance to all users during their transactions. 

"XFlows has quickly become a vital part of the future of cross-chain transactions. Launching the XFlows platform for native-to-native swaps is another step forward, offering swift, low-cost, and decentralized transactions free from slippage,\" stated Temujin Louie, Wanchain's CEO.

With XFlows, users can enjoy zero slippage when swapping similar asset types across various chains. For instance, if a user exchanges USDC on Solana for Binance-Peg USDC on the BNB Chain, their transaction will experience no slippage whatsoever. This efficiency stems from Wanchain's approach to utilizing decentralized liquidity pools. the unique mechanism Furthermore, Wanchain XFlows simplifies the migration of assets across networks, enabling users to execute swaps between any types of assets across 16 supported blockchains, with plans for even more chains in the future. For example, a user could seamlessly convert USDT from Tron to Binance-Peg ETH on the BNB Chain, offering a straightforward one-click cross-chain experience without the headaches of multiple intricate transactions.

To ensure users benefit from the best pricing on each swap, XFlows automatically determines the most economical option available. It evaluates and selects the optimal path from three different routing alternatives:

2. Utilizing Wanchain’s Bridges alongside swaps on Wanchain’s Layer 1

1. Wanchain’s Bridges

3. Employing Wanchain’s Bridges together with swaps on an aggregator, such as OKX DEX

For the more seasoned DeFi enthusiasts, the XFlows platform offers an exciting opportunity to contribute liquidity to the BTC, ETH, USDT, and USDC liquidity pools. By doing this, these advanced users stand to gain fees from each swap they support, alongside additional farming rewards manifesting in the form of the xWAN token.

Today marks the introduction of xWAN, launching hand in hand with XFlows. This token serves as Wanchain’s escrowed token, awarded to users who add liquidity to the XFlows pools. xWAN carries several unique characteristics.

As a new derivative of WAN, it appears in a wrapped escrowed format and requires a vesting process to unwrap it. Users will have the capability to exchange xWAN for WAN by farming reward In summary, the newly launched XFlows platform embodies a secure, rapid, and cost-efficient method for users eager to receive native or closely related assets during their swaps. A significant advantage offered to users is the ease with which they can utilize these assets across virtually any centralized exchange or DeFi protocol. potential use cases Wanchain serves as a pioneer in decentralized blockchain interoperability, bringing forth the very first decentralized cross-chain bridge within the blockchain landscape. Since its inception in 2017, Wanchain has consistently endeavored to promote blockchain adoption by constructing a unified network of decentralized blockchains adhering to universal standards. Wanchain’s cross-chain infrastructure, celebrated for its robust engineering and outstanding uptime, empowers developers to create genuinely decentralized cross-chain apps that are pivotal for the evolution of Web3. Currently, this decentralized framework supports numerous products across a variety of EVM and non-EVM networks.  using this tool .

This press release has been provided by EAK Wire, the leading

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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a contributor to various online publications. His extensive experience in finance has earned him recognition in multiple outlets. In his spare time, Gregory is focused on penning a book that delves into cryptocurrency and blockchain concepts. Web3 PR Newswire .