Calgary, Canada, August 19th, 2024 - Portals' Any-to-Any Asset Swap & Zap Integration Revolutionizes DeFi on ShapeShift's Multichain Platform
In a groundbreaking announcement, Portals, a top provider of low-code decentralized finance (DeFi) integration solutions, has unveiled its cutting-edge technology powering "Shifts," a new feature on ShapeShift's multichain DeFi platform and wallet. This collaboration is poised to transform access to decentralized finance, making it easier for both experienced crypto users and newcomers to the space.
Decentralized finance offers a plethora of opportunities, but its intricacy often acts as a barrier for many. Traditionally, transitioning between different assets and DeFi positions involves multiple complex transactions. However, with Portals' any-to-any asset swap and zap integration, this complexity is eliminated. ShapeShift users can now execute sophisticated DeFi strategies with unparalleled ease through the "Shifts" feature, seamlessly transitioning between assets and DeFi positions within a single transaction.
Suhail Gangji, Co-founder of Portals, expressed excitement about the integration, stating, "This collaboration showcases the power of our swap and zap solution in simplifying DeFi interactions. By abstracting complex processes into a user-friendly API, we're enabling platforms like ShapeShift to offer a truly next-level DeFi experience."
Key benefits of Portals' integration with ShapeShift include:
- One-click functionality for complex DeFi operations
- Support for multiple EVM-compatible chains such as Ethereum, Polygon, BSC, Optimism, Base, and Arbitrum
- Streamlined user experience for DeFi strategies
- Increased accessibility and easier onboarding for a wider range of users
- Gas savings and robust price impact & slippage protection
The launch of "Shifts" on ShapeShift represents a significant milestone in Portals' mission to simplify blockchain interactions and make DeFi more accessible. This integration aligns with ShapeShift's broader ecosystem strategy, fostering collaborations with prominent DeFi projects like Yearn, Lido, and Ethena.
Hpayne, the Marketing and Protocol Relations Workstream lead at ShapeShift, commented, "This collaboration aligns perfectly with our mission to empower users to navigate the multichain world with ease and confidence."
The integration of Portals' API is expected to drive greater adoption of DeFi strategies among ShapeShift users, facilitating seamless interaction with various DeFi protocols like yield aggregators, lending platforms, liquid staking derivatives, and more.
ShapeShift's "Shifts" feature is now available to all users through their web and mobile app, marking a significant advancement in DeFi accessibility.
In conclusion, Portals' integration with ShapeShift represents a game-changer in the DeFi landscape, offering users unparalleled simplicity and accessibility in executing complex DeFi strategies. This collaboration opens up new opportunities for crypto enthusiasts of all levels, making decentralized finance more approachable and user-friendly.