Telos has integrated with various platforms in the crypto ecosystem because it seems to unlock cross-chain liquidity and decentralized financing options.
The Telos Foundation announced the expansion via X and noted that Telos is now using the technology and solutions of Stargate, Bitgo and Circle to improve network security, accessibility and liquidity.
Telos specifically produces on Stargate, a cross-chain liquidity protocol built on Layerzero, to make multi-chain native asset transfers possible. With this integration, users can bridge tokens between Telos and 30 other networks, so that new opportunities are opened in a multi-chain decentralized financial ecosystem.
Other integrations are with Hydra, part of Stargate V2 to bring assets such as Wrapped Bitcoin (WBTC), USDC (USDC) and Tether (USDT) to Telos.
“By bringing high-quality, commonly used tokens to Telos, Hydra improves liquidity accessibility and promotes deeper Defi involvement,” Telos Foundation wrote.
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The WBTC and USDC integration of Telos is via Bitgo and Circle, with the two companies under top -ecosystem providers. Working with Bitgo not only brings WBTC to Telos, but also ensures that this is done with the support of a provider that can unlock liquidity for institutional access on the platform.
Circle provides a bridged version of its USDC Stablecoin to go live on Telos, with this offer the option for Native USDC to implement on the Telos Minnet.
According to Defillama, the total value that is locked in Defi protocols on Telos is currently around $ 16.6 million. The Telos TVL is spread over decentralized exchanges, loaning protocols, real-world asset vlatforms and, among other things, liquid providers.
Telos Foundation said in the announcement that the upgrades and integrations it has protected will be crucial for the interoperability and footprint of the Telos blockchain in Defi.
“The road is now open for massive liquidity to flow to the ecosystem, making Telos an excellent destination for Defi users and developers,” it noticed.
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