- Kana Labs has formed a partnership with Shardeum.
- Kana Labs will be participating and contributing to the Shardeum platform through this relationship
Kana Labs, a DeFi platform that enables hassle-free and lucrative crypto lending, borrowing, and earning possible for users, recently made an official statement on its partnership with Shardeum. The prominent DeFi project announced this good news to the DeFi community through its official Twitter account.
Kana is proud to announce its entry into #Shardeum with the deployment of its contracts on Liberty 2.x and our partnership with @SwappedFinance . Moving towards a truly cross-chain world! #Web3 #DeFi https://t.co/e3iy3Ix67o
— Kana Labs (@kanalabs) January 19, 2023
Shardeum is a smart contract platform built on the Ethereum Virtual Machine (EVM). It provides perpetually cheap gas fees and is fully decentralized, scalable, and secure as it deploys dynamic state sharding.
Kana Labs will participate in and contribute to Shardeum as a result of this collaboration. Significantly, this partnership aims to boost the awareness of blockchain technology and bring nations closer together via Web3. Recently, Shardible, a company that deals with non-fungible tokens (NFTs) trade, created a partnership with Shardeum Africa to build a web3-aware ecosystem throughout the sub-continent.
Shardible team stated:
“Together, we will work to bring the power of blockchain to Africa and beyond.”
Kana Labs Partnership With Swapped Finance
In a recent tweet, Swapped Finance, a pioneering DEX on Shardeum, announced its partnership with Kana Labs. With an intention to make a significant impact on the Shardeum ecosystem. This partnership will help Kana Labs further its position as the leading decentralized finance (DeFi) app.
According to the report, the agreement will make it simpler for users within the Shardeum ecosystem to get the best prices and liquidity. Also, it aids to offer secure protection against front-running within the DeFi and web3 ecosystem.