UniFarm: UniFarm collaborates with Router to transfer tokens across multiple chains


Unifarm has a grant from Router Protocol to use their SDK to build ‘Setu’ that comes as a part of a larger round with participation from various blockchain funds and investors.

New Delhi: Decentralized crypto farming player Unifarm has collaborated with Singapore-based Router Protocol to enable seamless transfer of tokens across multiple chains.

Unifarm has a grant from Router Protocol to use their SDK to build ‘Setu’ that comes as a part of a larger round with participation from various blockchain funds and investors.

UniFarm will utilize Router’s SDK for building ‘Setu’ and secures a grant from Router Protocol to drive mass adoption of products and services available on web3.
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Besides the grants from the Singapore-based blockchain protocol, Router, UniFarm also signed a strategic partnership under which, UniFarm will use Router’s cross-chain communication protocol for faster relay of transactions on Setu.

UniFarm has formally announced plans to launch its bridge named ‘Setu’ which will allow users to transfer their tokens or assets seamlessly across popular chains such as Ethereum, BNB, Polygon, Avalanche, Fantom, and other L1 and L2 chains.

Setu was conceptualized to help projects seamlessly adopt new chains, and it offers risk-free staking at any chain endpoint with the opportunity to earn rewards in multiple blockchains on every transaction.

This acts as a way to earn users’ passive income, adding additional utility to each partner chain and token. Another additional advantage of Setu is that there is no lock-in so the users can get their assets at any time.

“We are thrilled to receive this developer grant from Router Protocol, working at great lengths to allow developers to move liquidity across chains seamlessly,” said Mohit Madan, CEO and Founder of UniFarm.

With Setu, users can add liquidity to various endpoints and transfer tokens seamlessly across chains. Liquidity providers can also earn on every transaction.

“Our vision is to make web3 truly chain agnostic. It’s possible only when exciting players like UniFarm integrate cross-chain infrastructure into their offerings to expand their user base across a multi-chain ecosystem, said Ramani Ramachandran, Founder and CEO of Router Protocol.
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Updated: 07/13/2022 — 06:00