Outside Source
Cross-chain interoperability protocol deBridge has launched deBridge Hooks to enable real-time, multi-chain data transfer across the decentralized finance ecosystem.
DdeBridge introduced the new feature in an Oct. 8 announcement, noting that the deBridge Hooks rollout will benefit developers and protocols seeking cross-chain communication.
What are deBridge Hooks?
With deBridge Hooks, users such as market makers can now benefit from near-instant distribution of assets, user registration, onboarding processes, and experiences. Hooks will also boost efficiency across decentralized finance applications.
Applications running on one chain can receive deposits from another network — for instance, from Solana (SOL) based lending protocol Kamino to Ethereum (ETH). DeBridge Hooks allows these transfers to occur within a single transaction, improving protocols’ success-to-bounce ratio, the platform explained in a blog post.
DeBridge Hooks also unlocks use cases in risk management, enabling users to quickly withdraw funds from one protocol and deposit them on another to avoid risks on platforms like (AAVE).
Integration with BNB Chain
On Aug. 28, deBridge announced that it had integrated BNB Smart Chain to allow access to the BNB Chain’s bridge aggregator. The partnership opened up BNB Smart Chain users to real-time value transfers and institutional liquidity.
In September, deBridge hit milestones, including the deBridge Foundation’s introduction of claim-to-centralized exchange flow. This allowed users to queue their claims for centralized exchange platforms such as Bybit, KuCoin, MEXC, and Gate.io.
The platform also reached more than $4 billion in volume and became a market maker for Bitcoin on Solana.
This article first appeared at crypto.news
