FujiDAO, a loan aggregator platform that identifies the best rates on multiple blockchain protocols, announced today it has expanded its capabilities across chains thanks to its integration with Connext.
With Connext, developers have access to trust-minimized cross-chain communication to make blockchains composable. The Connext Bridge application is a built on top of Connext’s nxtp protocol. Connext Bridge supports asset transfer between L2s and Ethereum Virtual Machine compatible chains.
The FujiDAO team designed a system that enables users to bypass the high fees on mainnet by offering a 1-click beam of their debt position (collateral + debt) to a new desired chain where they will enjoy cheaper borrowing rates. Connext is used to bridge the assets and data via crypto lending aggregator fujidao integrates connext bridge expand cross chain functions
