Infinex integrates Wormhole to power multi-chain DeFi app
Infinex is integrating Wormhole Connect for multi-chain in-app token transfers for its users.
The DeFi platform will also use Wormhole Queries to bolster security and for cross-chain asset recovery.
Infinex, a platform that seeks to bring more users to the decentralized finance space via multi-chain access to protocols and apps, has selected Wormhole as its primary interoperability provider.
The project founded by Synthetix creator Kain Warwick will use Wormhole’s technology to power in-app token transfers for its users. According to an announcement on Oct. 7, Infinex will leverage Wormhole Connect and Wormhole Queries to boost token transfers.
“Infinex’s vision is to simplify decentralized finance by creating a seamless, multichain user experience and providing the safest way to get onchain,” said Kain Warwick, founder of Infinex.
This is only the beginning…@infinex_app 🤝 @wormhole
Stay tuned for more 🧡 pic.twitter.com/eo3iJ1G9EV
— Infinex (@infinex_app) October 7, 2024
Efficiency and DeFi adoption
Wormhole features that will also benefit Infinex are efficiency and growing adoption across the decentralised finance ecosystem.
The platform’s interoperability infrastructure currently connects more than 30 blockchains. Protocols have tapped into Wormhole to power more than a billion cross-chain messages and asset transfers worth more than $45 billion.
Major industry players to leverage Wormhole integration include digital assets securities firm Securitize, decentralised exchange Uniswap, USDC issuer Circle and asset management giant BlackRock. Worldcoin also taps into Wormhole for its World ID integration on Solana.
The integration with Wormhole follows Infinex’s recent $65.2 million NFT sale that attracted Solana Ventures, Moonrock Capital, Framework Ventures and Wintermute.
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