The Horizen ecosystem has announced an integration with Ascent Exchange, providing its users with easy revenue opportunities through the ICHI Vault.
The main goal of the integration is to strengthen the Horizen EON platform in the decentralized finance (DeFi) space, driving innovation and efficiency.
By joining forces with Ascent Exchange, Horizen EON will leverage Ascent's expertise in decentralized exchange transactions to enable seamless and secure trading, facilitating the transfer of assets and information through the blockchain network.
According to Horizen's blog post, the integration highlights a shared vision of a unified, interoperable digital asset ecosystem where decentralized applications (dApps) can thrive across multiple platforms.
"Our integration with Ascent Exchange is a testament to Horizen EON's commitment to ensuring the interoperability and sustainability of the blockchain ecosystem. Ascent's expertise, combined with Horizen's EVM-compliant platform, marks an important milestone towards a more connected and robust DeFi ecosystem. Ascent Exchange's early adoption of Horizen's EON platform will redefine the DeFi trading space," said Rob Viglione, Co-Founder of Horizen and CEO of Horizen Labs.
From the outset, Ascent Exchange launched an automated liquidity management protocol called ICHI Vaults that allows liquidity providers to generate revenue from their tokens on Ascent Exchange.
Each ICHI Vault allows a depositor to place only one token to be used as liquidity in the underlying pool.
By prioritizing income from deposited tokens while providing protection, ICHI Vaults will soon cover a wider range of assets supported by Ascent Exchange.
The integration of Ascent Exchange into the Horizen EON ecosystem fosters innovation in the ecosystem. As the first decentralized exchange with ve(3,3) tokenomics on Horizen EON, Ascent Exchange has the opportunity to develop a groundbreaking standard in DeFi trading.
This strategic move is expected to increase trading volumes and attract new users, strengthening Horizen EON's position as the leading platform for DeFi developers and enthusiasts.
Read also: Binance sets new standards for institutional crypto trading.