Horizen EON Integrates Ascent Exchange with Simple Liquidity Opportunities via ICHI Vault to Boost the DeFi Ecosystem on EON
The integration is supported by an automated liquidity management protocol, ICHI Vault, that enables simple yield opportunities on day one for all users on EON.
The Horizen ecosystem is excited to announce its integration with Ascent Exchange with simple yield opportunities via ICHI Vault. This integration is set to significantly enhance the Horizen EON platform’s capabilities in the decentralized finance (DeFi) space, bringing a new level of innovation and efficiency to the industry.
A New Chapter in DeFi: Horizen EON Meets Ascent Exchange
This integration represents a major step forward for the Horizen EON ecosystem. By joining forces with Ascent Exchange, Horizen EON leverages Ascent’s expertise in decentralized exchange operations, propelling our platform to new heights.
This integration allows for more seamless and secure trading experiences, facilitating asset and information transfer across the blockchain network. Moreover, this integration underlines a shared vision for a unified and interoperable digital asset ecosystem, where decentralized applications (dApps) can flourish across various platforms.
“Our integration with Ascent Exchange is a testament to Horizen EON’s commitment to interoperability and resilience in the blockchain ecosystem.
Ascent’s expertise, coupled with Horizen’s EVM-compatible platform, marks a significant milestone towards creating a more interconnected and robust DeFi ecosystem.
Ascent Exchange’s early adoption of the Horizen EON platform is set to redefine the DeFi trading space.”
– Rob Viglione, Co-founder of Horizen and CEO of Horizen Labs.
Simple Yield Opportunities on Ascent Exchange via ICHI Vaults
Ascent Exchange was launched on day one with the support of an automated liquidity management protocol called ICHI Vaults.
This will enable liquidity providers to earn yield with their favorite tokens on Ascent Exchange. Each ICHI Vault allows a depositor to deposit a single token which will then be used as liquidity in an underlying liquidity pool. The Vault prioritizes deposit token yield while protecting from impermanent loss. ICHI Vaults will be launched for a wide range of assets supported by Ascent Exchange.
The Ascent Exchange Impact on Horizen EON
The integration of Ascent Exchange into the Horizen EON ecosystem is expected to bring numerous benefits. As the first decentralized exchange with ve(3,3) tokenomics on Horizen EON, Ascent Exchange is poised to establish a new benchmark in DeFi trading. This strategic move by Ascent Exchange is anticipated to attract a substantial volume of trading activities and users, thereby reinforcing Horizen EON’s position as a leading platform for developers and DeFi enthusiasts.
“As Ascent Exchange embarks on its journey with Horizen EON. We are positioned at the forefront of decentralized exchanges, leveraging a first-mover advantage that sets the stage for unparalleled innovation.
Horizen EON’s exceptional scalability and efficiency empower us to process an increased volume of transactions swiftly and cost-effectively, revolutionizing our operational capabilities. Fundamental to our ethos, the robust security protocols of Horizen EON ensure an unwaveringly secure and trustworthy environment for our users. Embracing the shared values of decentralization and innovation, we join hands with the vibrant Horizen community, further enriching our community-centric approach.
This pivotal shift not only reflects our evolution but also embodies our commitment to exploring new horizons in decentralized finance, inviting our community to be a part of this exciting journey.”
-Bones, Founding member of Ascent Exchange
Watch an AMA with the Founding Member of Ascent Exchange
About Horizen EON
Horizen EON is a fully EVM-compatible smart contracting platform and the first of many smart contract sidechains in the Horizen ecosystem. It allows developers to efficiently build and deploy decentralized applications (dapps) on Horizen, while fully benefiting from the Ethereum ecosystem. EON is built with scale and user experiences in mind, on Horizen’s powerful horizontally scaling protocol, Zendoo.
For more information, visit https://eon.horizen.io
About Ascent Exchange
Ascent Exchange, transitioning from its base on the Polygon network to Horizen EON, is a leading player in the DeFi space. Known for its user-centric approach and commitment to innovation, Ascent Exchange’s integration with Horizen EON is a major leap in its journey to redefine decentralized finance.
For more information, visit Ascent Exchange’s documentation and official links:
Quick Links:
Link3: https://link3.to/ascen t
Website: https://ascent.exchange/
Telegram: https://t.me/ascentexchange
Discord: https://discord.gg/ascentdex
About ICHI
ICHI is a trustless market-making protocol that enables the use of sophisticated algorithmic strategies on Uniswap V3. With its fully automated Yield IQ vaults, ICHI allows for all token holders to earn from liquidity provision. True to the spirit of DeFi, Yield IQ is governed by a self-executing smart contract, ensuring impartiality and decentralization. This ensures unrestricted, permissionless access and unalterable protocol behavior, serving as a truly decentralized financial tool.
Learn more by visiting the ICHI Website, Medium, Twitter or Telegram.
