Hong Kong, March 11, 2024 – Coinweb, a pioneering layer 2 interoperability platform, is thrilled to announce its integration with OrangeDX, a pioneering first-generation Bitcoin DeFi hub. Coinweb Labs have extended a grant to support OrangeDX’s innovative dApp, marking a significant milestone in the advancement of DeFi.
OrangeDX, renowned for its multifaceted platform empowering users with trading, swapping, securing, and launching BRC20 and bridged EVM tokens, stands as a beacon of innovation in the DeFi landscape. Its comprehensive suite includes borrowing, lending, and more, offering users a holistic DeFi experience. Notably, OrangeDX features a native DEX aggregator for BRC-20 tokens, boosting liquidity and trading efficiency, along with an Initial Liquidity Offering mechanism supporting seamless token launches and liquidity bootstrap initiatives.
Coinweb’s Protocol integration promises to elevate OrangeDX to new heights by providing vital infrastructure support. This support will enable OrangeDX to forge an independent and resilient cross-chain DeFi ecosystem, fueled by Coinweb’s PACT. Additionally, Coinweb’s PACTs integration maximises capital efficiency and security for OrangeDX’s cross-chain DEX, replacing outdated staked nodes and oracle networks with robust collateralized smart contracts, enhancing infrastructure and security.
Furthermore, OrangeDX clients will benefit from innovative inscription security solutions, ensuring verification accuracy even amid disagreements among multiple nodes. This advancement harnesses reactive smart contracts and RDoC for heightened security.
Coinweb eagerly anticipates introducing the OrangeDX community of over 25,000 members to its ecosystem through cross-marketing opportunities, fostering collaboration and growth within the blockchain community.
Commenting on the integration, Toby Gilbert, CEO, and Co-Founder of Coinweb, expressed enthusiasm, stating, “Our collaboration with OrangeDX represents a significant step forward in advancing Bitcoin DeFi capabilities. By combining Coinweb’s cutting-edge technology with OrangeDX’s innovative platform, we are poised to unlock new opportunities and drive sustainable growth within the blockchain ecosystem.”
With a shared commitment to innovation and decentralization, Coinweb and OrangeDX are poised to redefine the future of decentralized finance, empowering users worldwide with enhanced liquidity, security, and accessibility.
About OrangeDX
OrangeDX is a pioneering first-generation Bitcoin-DeFi hub, dedicated to providing a multifaceted platform that empowers users to engage in trading, swapping, securing, and launching BRC20 and bridged EVM tokens. The OrangeDX comprehensive suite of services also extends to borrowing and lending, ensuring a holistic DeFi experience for their users.
About Coinweb
The Coinweb Protocol is a groundbreaking Layer 2 cross-chain computation platform that uniquely combines Scalability with Interoperability, setting new standards in the blockchain industry. It enables the seamless operation of decentralised applications across multiple blockchains, effectively merging them into a unified ecosystem. This innovative approach empowers developers to leverage the strengths and functionalities of each blockchain, optimiing performance and versatility.
About Coinweb Labs
Coinweb Labs is a design and build consultancy that specialises in creating custom-built and turnkey solutions for decentralised applications interacting with the Coinweb Protocol. Coinweb Labs has recently launched a $10m Grant Programme to help incentivise and accelerate development of projects looking to build on the Coinweb Protocol.