DeFi
blockchainreporter.net
16 May 2023 09:49, UTC
Reading time: ~2 m
A prominent decentralized finance (DeFi) protocol Mold Finance has recently announced that the platform has initiated a collaboration with the blockchain protocol named Conflux Network. The DeFi platform has shared news about the collaboration on its official Twitter channel. As per the company, the purpose of the collaboration is to further develop the DeFi ecosystem. This would potentially be beneficial as both entities will work together to promote each other’s value growth.
🎉🎉🎉We are thrilled to announce that @Mold_finance has reached a partnership with @Conflux_Network
1. #Mold Finance will migrate to #Conflux Network and participate in the building of the DeFi ecosystem to jointly promote the value growth of each other. pic.twitter.com/eloB1GJfwR— MOLD (@Mold_finance) May 16, 2023
Mold Finance and Conflux Network Join Forces to Expand DeFi Ecosystem
To cover the announcement regarding the partnership, Mold posted several tweets on Twitter. In one post, the platform mentioned that its chief focus is to assist in the trading of several products. While providing details about this trading, the company mentioned that the trading of foreign currencies, and US stocks, as well as the innovative derivatives, is facilitated by it. According to it, the platform offers remarkable returns on its products.
In addition to this, the firm pointed out that Conflux Network (the latest collaborator of Mold Finance) is a hybrid blockchain that utilizes both PoS and PoW consensus mechanisms. In its words, the hybrid blockchain platform of Conflux has advantages in diverse aspects taking into account programmability, low fees, scalability, and so on. Apart from that, Conflux Network plays the role of a developer as well as a consumer-friendly entity. It has a resilient community of users and developers that operate in Asia as well as other parts of the world.
Mold Finance also Seeks to cooperate with Other Projects on Conflux
Mold Finance added that the company believes in its potential to closely integrate with the Conflux’s DeFi ecosystem. Moreover, it also intends to fulfil the requirement of the consumers dealing with derivative trading and the generation of goods and real profits. It additionally focuses on partnering up with diverse DeFi projects initiated by Conflux.
Sourced from cryptonews.net.
