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TomoChain Teams With Defily Finance to Expand DeFi Field

byMaxwell Mutuma
August 25, 2021
in Blockchain News

Working as a powerful, secured, and highly scalable blockchain portal, TomoChain is gearing up for its next big expansion with a strategic partnership with Defily Finance, a first-of-its-kind cross-chain DeFi solution built on the KardiaChain ecosystem. 

Designed to bring a revolution in the decentralized finance cluster, Defily Finance will enable TomoChain users to enjoy seamless access to staking and yield farming services. The integration will allow investors to earn and trade without any hassle or technical vertex. 

As part of the collaboration, Defily Finance and TomoChain will share their resources and technological expertise with each other to build a strong decentralized space. Defily Finance will integrate its diverse range of tools and services onto TomoChain’s public blockchain channel to fuel DeFi expansion. TomoChain cluster will empower the Defily ecosystem with its EVM support, high speed, technical excellence, security, and economical trading interface. The teams will strive to put in their best efforts to offer an unmatched experience to the blockchain community. 

Using the Proof-of-Stake consensus algorithm, TomoChain offers everything that a blockchain user might require to enjoy seamless accessibility over the network. The project has earned a lot of fame in the community, and its long list of partners includes some of the most highly acclaimed brands from the industry. It charges negligible gas fees, offers a surprising speed of 2000 TPS, along with EVM compatibility. With TomoChain, investors avail themselves of a wide range of benefits, including privacy and high-end liquidity. Defily Finance, on the other hand, helps promote DeFi solutions across various blockchain channels, allowing users to stake and earn with ease. 

The partnering firms will work together to support their marketing campaigns. This will help them expand their network to new domains while strengthening their presence in the DeFi industry. In coming times, Defily Finance will strive to create DeFi solutions employing LuaSwap’s liquidity pool. The team plans to integrate the LUA LP token into their yield farming cluster. The deal will promote the active participation of liquidity providers willing to stake in Defily to boost their rewards.

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Maxwell Mutuma

Maxwell Mutuma

Maxwell especially enjoys penning pieces about blockchain and cryptocurrency. He started his venture into blogging in 2020, later focusing on the world of cryptocurrencies. His life's work is to introduce the concept of decentralization to people worldwide.

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