Portals API Powers ShapeShift's New "Shifts" Function, Decreasing DeFi Entry Barrier

Calgary, Canada, August nineteenth, 2024, Chainwire

Portals’ Any-to-Any Asset Swap & Zap Integration Brings One-Click on DeFi Methods to ShapeShift’s Multichain Platform

Portals, a number one supplier of low-code decentralized finance (DeFi) integration options, as we speak introduced that its superior know-how is powering “Shifts,” a brand new function on ShapeShift, the multichain DeFi platform and pockets. This collaboration is about to revolutionize entry to decentralized finance, making it extra approachable for each seasoned crypto customers and people new to the area.

Decentralized finance presents various alternatives, however its complexity typically acts as a barrier to entry. Sometimes, transferring between completely different belongings and DeFi positions requires a number of, complicated transactions. Portals’ any-to-any asset swap and zap integration eliminates this complexity, enabling ShapeShift customers to execute subtle DeFi methods with unprecedented simplicity. Via the “Shifts” function, customers can now transition seamlessly from any EVM-compatible asset straight right into a DeFi place, or transfer between completely different DeFi positions, all inside a single transaction.

“We’re excited to see our know-how energy ShapeShift’s ‘Shifts’ function,” stated Suhail Gangji, Co-founder of Portals. “This integration exemplifies the ability of our swap and zap answer in simplifying DeFi interactions. By abstracting advanced processes right into a user-friendly API, we’re enabling platforms like ShapeShift to supply a very next-level DeFi expertise.”

Key advantages of Portals’ integration with ShapeShift embrace:

• One-click performance for advanced DeFi operations
• Help for a number of EVM-compatible chains together with , , Polygon, BSC, Optimism, Base, and Arbitrum
• Streamlined, one-click consumer expertise for DeFi methods
• Elevated accessibility and simpler onboarding for a broader vary of crypto customers
• Fuel financial savings and strong worth affect & slippage safety

The launch of “Shifts” on ShapeShift marks a big milestone in Portals’ mission to simplify blockchain interactions and make DeFi extra accessible. This integration is a key part of ShapeShift’s broader ecosystem technique, which incorporates collaborations with different notable DeFi tasks comparable to Yearn, Lido, and Ethena.

“We’re thrilled to companion with Portals in launching ShapeShift’s ‘Shifts’ function, which represents a big leap ahead in making DeFi extra accessible and intuitive for our customers. By integrating Portals’ superior swap and zap know-how, we’re enabling seamless, one-click DeFi interactions that take away the complexities historically related to decentralized finance,” stated Hpayne, the Advertising and Protocol Relations Workstream lead at ShapeShift. “This collaboration aligns completely with our mission to empower customers to navigate the multichain world with ease and confidence.”

The combination of Portals’ API is predicted to drive better adoption of DeFi methods amongst ShapeShift’s consumer base, facilitating simpler interplay with varied DeFi protocols, together with yield aggregators, lending platforms, liquid staking derivatives, and extra.

ShapeShift’s “Shifts” function is now out there to all ShapeShift customers via their net and cell app.

For extra details about Portals and its DeFi integration options, customers can go to Portals.Fi.

About Portals

Portals supplies a complete low-code DeFi integration answer, that includes a Swap & Zap API that permits advanced multi-chain transactions and a Knowledge API that provides real-time and historic DeFi asset info. Supporting over 200 protocols throughout a number of EVM-compatible chains, Portals simplifies DeFi operations for builders and customers alike, providing options like one-click performance, strong slippage safety, and in depth asset protection.

About ShapeShift

ShapeShift, based in 2014, is a number one DeFi platform that gives a seamless, safe interface for buying and selling and managing digital belongings throughout a number of blockchains. Powered by THORChain and different main DEX’s comparable to CoW Protocol, LiFi, and others, ShapeShift presents customers an optimum aggregated DeFi expertise with options like zero-interest lending, non-custodial buying and selling, LPing, and streaming swaps on prime of an easy-to-use portfolio interface. ShapeShift is devoted to empowering customers to take care of full management over their crypto belongings whereas navigating the quickly evolving multichain panorama.

ContactCo-FounderSuhail GangjiPortalshey@portals.fi

This text was initially printed on Chainwire