Portal And Ankr Announce Strategic Partnership To Boost DeFi Adoption


Ankr is a decentralized lending platform that’s highly focused on assisting startups. This partnership will facilitate the growth of blockchain-powered gaming via an open, flexible, and scalable infrastructure to enable quick development for developers.

The “Ankr” is a cryptocurrency that has recently announced a strategic partnership with the “Portal”. The two companies will work together to boost adoption of decentralized finance.

2nd November 2021, San Francisco, United States

Portal, a real cross-chain DEX that enables rapid, safe, and private atomic exchanges between Bitcoin and other digital assets, is excited to announce a strategic relationship with Ankr, a blockchain infrastructure platform.

Portal and Ankr both believe in linking users, developers, and businesses to a self-sovereign, censorship-resistant commerce and communication network. It was just a matter of time until they joined forces since they were both laying the path for a future open financial Internet.

Chandler Song (co-founder of Bounce Token) of Ankr made a personal investment in Portal. COO Ryan Fang and Gaurav Budhrani, the former head of Goldman Sachs’ Crypto Investment Banking, will be joining him on the team. The investment and relationship follow Portal’s recent $8.5 million funding round from Coinbase Ventures, ArringtonXRP Capital, OKEx, and others.

Ankr intends to establish a facilitation node on Portal DEX to offer continuing liquidity for atomic swaps between ANKR and other assets. ANKR’s token will be accessible on Portal, according to Portal’s intentions.

On top of the Bitcoin blockchain, Portal’s Layer 2 and Layer 3 technology makes it easier to develop censorship-resistant communications, media, and one-click execution of cross-chain swaps. Portal enables peer-to-peer execution of “smart contracts” for asset issuance, swaps, staking, liquidity, derivatives, and more, all without the need for third-party custody or control.

“Portal delivers a very distinctive and long-awaited DeFi feature on top of the Bitcoin blockchain,” CEO Song added. Ankr is delighted to collaborate with the Portal team in advancing our shared aim of promoting Web 3.0 apps.”

Ankr’s platform integrates node infrastructure, staking, and DeFi to make it simple for participants to create new projects and monetize crypto assets. It gives developers with one-click API solutions for building Web3 products on over a dozen blockchains and Layer 2 protocols. 

Portal Information

Portal is a DeFi platform based on Bitcoin. With anonymous, zero-knowledge swaps and the first real cross-chain DEX that is trust-minimized, it makes trading unstoppable. It does away with minting wrapped currencies (such as wBTC and wETH) and dangerous staking via middlemen. With Portal, DeFi becomes a service that anybody can provide, while keeping anonymity in open, transparent marketplaces and using a security mechanism that is as strong as Bitcoin mining. 

On Bitcoin, Portal’s Layer 2 and Layer 3 technology provides censorship-resistant communications, media, and one-click cross-chain exchanges. 

Visit https://portaldefi.com/ for more details.

Ankr’s Background

Ankr provides Web3 infrastructure for easy, accessible, and affordable deployment of blockchain nodes, APIs, decentralized staking infrastructure, and Layer 2 scaling solutions, all with the goal of lowering the barrier to participation in blockchain ecosystems for everyday people, businesses, and developers.

Ankr provides node solutions for more than 40 different chains, as well as a “one-click” API service for Ethereum, Binance Smart Chain, Polygon, Avalanche, and other cryptocurrencies. 

Visit https://www.ankr.com/ for more details. 

Contacts

The “Ankr news reddit” is a partnership that will allow for the development of decentralized applications on the Ankr network. This partnership will also help to boost adoption of decentralized finance. Reference: ankr news reddit.

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