• [email protected]
  • Mon - Fri: 9:00 - 18:30 GMT
Search
Rss
Facebook Icon
TwitterCreated with Sketch.
LinkedinCreated with Sketch.
BPRB-LOGO-NEW-Brilliant
  • HOME
  • OUR SERVICES
    • BITCOIN PRESS RELEASE SERVICE
    • SUBMIT YOUR BITCOIN PRESS RELEASE
  • LATEST PRESS RELEASES
  • BLOG
  • OUR TEAM
  • ABOUT US
    • ABOUT
    • CAREERS
Menu
  • HOME
  • OUR SERVICES
    • BITCOIN PRESS RELEASE SERVICE
    • SUBMIT YOUR BITCOIN PRESS RELEASE
  • LATEST PRESS RELEASES
  • BLOG
  • OUR TEAM
  • ABOUT US
    • ABOUT
    • CAREERS

Router Protocol Launches Mainnet Following Successful $4 Million Raise

  • January 31, 2022
  • Breakthrough Press Release
Router Protocol Launches Mainnet Following Successful $4 Million Raise

Press Release: Router Protocol announces the launch of its mainnet after a successful strategic funding round raising $4 million.

 

January 31st, 2022, Singapore – Cross-chain communication infrastructure project, Router Protocol, announces the launch of its mainnet, a few weeks after a successful funding round in which Router raised over $4 million from marquee investors including Coinbase Ventures, Alameda Research, QCP, Polygon, and Wintermute. The mainnet launch follows a successful period of development and testing on the protocol’s incentivised testnet showcasing its XCLP (Cross-chain Liquidity Protocol), which received feedback from 3,000 community members.

 

The mainnet launch will be between three blockchains – Polygon, Avalanche and BSC, and will plug into various liquidity venues – primarily DEXes, including Dfyn on Polygon. Subsequently, in a few weeks after the launch, there will also be various staking and farming programs across all three chains to incentivize liquidity aggregation.

 

While this version one implementation of Router’s XCLP will be focused on enabling cross-chain transfers and swaps, the vision is to open up the XCLP to a wider audience of partners, including blockchain and application developers, enabling native cross-chain capability for multiple use cases including cross chain governance, lending and borrowing.

 

Security is a big priority, and the team has been working hard to address issues related to security with the help of independent auditors as well as the broader developer community.  $200,000 bug bounty program has kickstarted community efforts  to continuously debug the Router platform . 

 

In addition, the Router team has already begun work on the cross-chain communication platform’s v2 upgrade, which will take place later in 2022. The v2 upgrade will introduce a generic purpose accounting blockchain which will be able to store, send, and secure messages across different blockchains.

 

Interoperability is the Future of DeFi

Router is an early pioneer in the cross-chain communication space. The rapid rise in Ethereum adoption has been accompanied by a raft of Layer 1 and Layer 2 competitors and collaborators such as Avalanche, Polygon, BSC etc as well as non-EVM chains such as Solana, Terra, Algorand and Cosmos. Each of these have their own advantages and disadvantages. 

 

Router’s XCLP platform enables mainstream applications to build complex products across different chains  for various specific needs. This is especially important for the growing DeFi space. Rather than focusing on just liquidity transfer, Router focuses on building generic cross-chain messaging capabilities. With Router’s SDK, any dApp whether it be a wallet or a DEX or an NFT platform or indeed anything that requires any crosschain capability can seamlessly plug-in to Router and enable cross-chain messaging and communication.

 

As a result, Router is positioning itself to be a key connecting infrastructure as DeFi evolves.

 

About Router Protocol

Router Protocol is building a suite of cross-chain liquidity infra primitives that aims to seamlessly provide bridging infrastructure between current and emerging Layer 1 and Layer 2 blockchain solutions. Its vision is to promote a crypto space in which each project and ecosystem has the ability to utilize the benefits of all other projects and ecosystems in the space. 

 

Router Protocol was founded in 2020 by Ramani Ramachandran, Shubham Singh, Chandan Choudhury, and Priyeshu Garg. Ramachandran, an MIT alum, has been a serial entrepreneur in the Fintech and digital assets space for the better part of a decade. The team also comprises an extensive list of seasoned developers in the blockchain space who, together, have experience in Web3, protocol building, UI and UX.

 

Moreover, Router’s strategic round, which raised $4.1 million, saw participation from Coinbase Ventures, QCP, De-Fi Capital, Polygon, Wintermute, Shima, Woodstock and Bison Ventures, in addition to leading Web 2.0/Web 3.0 executives and entrepreneurs. Some of the leading angels in the round include Polygon’s Sandeep Nailwal and Doordash’s Gokul Rajaram.

 

Combined, these resources will be used to drive Router’s roadmap and position it at the forefront of the cross-chain interoperability space. 

 

For more about Router Protocol and its mission to revolutionize cross chain interoperability visit their main website here.

 

Follow Router on Twitter

Join the Router community on Telegram

Read the Router blog on Medium

Download the Router Litepaper here

 

Media Contact Details

Contact Name: Priyeshu Garg

Contact Email: [email protected]

 

ROUTER PROTOCOL is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

You found our newsletter subscription!

Did you know that less than 10% of website visitors ever make it all the way to the page end?!

bitcoin pr buzz logo

Blockchain enthusiasts from the start. We have over 9 years experience in Bitcoin marketing specifically: leveraging our unique expertise, partnerships and experience we bring you the most refined, effective, and value for money Bitcoin marketing and Bitcoin press release service to be found.

Please Note:

Press releases are for informational purposes only. The information does not constitute investment advice or an endorsement by Bitcoin PR Buzz. Bitcoin PR Buzz does not certify the accuracy of the information in press releases published on this website.

Issuers of Press Releases, and not Bitcoin PR Buzz, are solely responsible for the content of press releases, and the accuracy of the content in press releases.

Quick Links

  • Press Release Services
  • Submit Press Release
  • Latest Press Release
  • Social Media Service
  • Copywriting
  • About
  • Careers
  • Terms & Conditions
  • GDPR
  • Token Sale Press Release Policy
  • INC verified
Rss
Facebook-f
Twitter
Linkedin

Coins Accepted Here

bprb
Welcome to Bitcoin PR Buzz!

Your privacy is immensely important to us and we do our best to safeguard your data. We use cookies on this website to improve your experience and to improve our services. We comply with the EU General Data Protection Regulation act also known as GDPR. We wish you a pleasant stay at bitcoinprbuzz.com, if you have any questions please feel free to chat with us below or email [email protected]

I Consent
Cookie settings
More info
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

SAVE & ACCEPT
  • →
  • Contact Us

    Contact Form

  • Telegram