#DeFi #Relay #Bridges #Arbitrum
Decentralized finance (DeFi) has exploded in popularity over the past year, but it still remains fragmented across different blockchains. This presents a trading opportunity for savvy investors, and RELAY Chain ($RELAY) is leading the way in bridging these disconnected chains.
RELAY Chain is the first Bridging as a Service (BaaS) provider that simplifies cross-chain DeFi by offering a fast, secure, and reliable bridge uniting the most popular networks. The RELAY bridge allows traders to reach many markets simultaneously by integrating cross-chain swaps into popular DEX, CEX, dApps, and wallets, bringing new arbitrage opportunities and increased exposure to lucrative trades.
But what sets RELAY apart from its competitors is its first-mover and structural advantages. The company has already built and tested its technology on their DEX, and their bridges' code and smart contracts have been audited three times. RELAY also offers an insurance option and an autoprocessing system for stuck transactions, ensuring the highest level of security for its users.
The opportunities for investors in the fragmented DeFi landscape are vast, from price discrepancies between blockchains allowing arbers to quickly earn on trades to trading activities on many chains. The RELAY bridge produces a situation where native assets from one chain move to another and are subject to different supply and demand pressures, creating arbitrage opportunities.
RELAY is the fastest bridge and attracts the most trading volume because it enables the most successful arbitrage trades. The company offers new arbitrage possibilities to traders wanting to access price discrepancies between blockchains, DEXs, and dApps. RELAY nodes quickly and securely shuttle transactions between different blockchains. The RELAY API is built for seamless integration into dApps and DEXs, and any trading platform can adopt RELAY and immediately provide cross-chain opportunities to its users.
In December 2022, RELAY introduced v2 Bridge with updated features that will take all bridgers to new orbits over the next few months. The new bridge is faster, lower cost, and more secure, relying on "simple sends" and "listeners" in a side-chain solution that relies less on smart contracts. The launch comes after a successful audit by TevPro.
Staking is available on the v2 bridge, allowing supported tokens to be staked to the bridge liquidity pools to earn yield on those deposits. Staked $RELAY will earn $veRELAY tokens, which boost the yield on staked assets. Holding $veRELAY gives a boost to the base APR on your stablecoin staking.
The $RELAY token is a key component of the RELAY ecosystem. $RELAY holders earn gas fees from their staked $RELAY while also seeing an increase in the $RELAY token value proportional to the volume of bridged transactions and buyback rate. The Relay bridge is designed to create a positive feedback loop between $RELAY price and the volume of rewards generated by the bridge.
With only 10,000,000 total supply, the low supply of the $RELAY token catalyzes accumulation and HODLing. Unlike other projects that suppress their token price with farming emissions, $RELAY has practically no limit to its growth potential.
By providing bridge liquidity with partners, $RELAY holders can earn rewards in native fee gas tokens or project tokens. $RELAY holders can also enter single-sided staking to earn rewards in native fee gas tokens without any risk of impermanent loss. RELAY provides a high-value service at a low cost to DeFi users while driving its own positive feedback loop of price.
As liquidity increases with the project's increased use, bridge fees can be reduced to remain competitive with future