Telos is integrated with several platforms across the crypto ecosystem as it aims to unlock cross-chain liquidity and decentralized finance opportunities.
The Telos Foundation has announced expansion through X, and Telos has now announced that it will leverage Stargate, Bitgo and Sircle technologies and solutions to increase network security, accessibility and liquidity.
Specifically, Telos utilizes Stargate, a cross-chain liquidity protocol built on Layerzero to enable multi-chain native asset transfers. This integration will allow users to bridge tokens between Telos and 30 other networks, opening new opportunities in a multi-chain distributed finance ecosystem.
Other integrations include the integration with Hydra, a part of Stargate V2, providing Telos with assets such as WBTC (WBTC), USDC (USDC), and Tether (USDT).
“By bringing high value, widely used tokens to Telos, Hydra enhances liquidity accessibility and encourages deeper Defi engagement,” writes the Telos Foundation.
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Telos’ WBTC and USDC integration is through Bitgo and Circle, with two companies being one of the top ecosystem providers. Our partnership with BITGO will not only bring WBTC to Telos, but we also guarantee this with the support of providers who can unlock liquidity to access facilities on the platform.
Circle allows you to perform live live versions of USDC Stablecoin on Telos.
According to Defillama, the total locked under Telos’ Defi protocol is currently around $16.6 million. Telos TVL is spreading to decentralized exchanges, lending protocols, real-world asset platforms, liquid staking providers and more.
The Telos Foundation said it announced that the upgrades and integrations it secured are important for the interoperability of the Telos blockchain and the Defi footprint.
“Right now, roads are open to allow large-scale fluidity to flow into the ecosystem, and Telos is a major destination for Defi users and developers,” he said.
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