Coral Finance, a staking protocol focused on Bitcoin L2, has initiated a unique partnership. According to the platform, it has recently collaborated with UniPort Network, an interoperability protocol for assets within the Bitcoin ecosystem. The company announced the partnership on its official social media account on platform X.
“We are excited to announce our partnership with UniPort Network, an Omni-Chain Interoperability Protocol for Bitcoin ecosystem assets. Coral Finance is a staking protocol that allows users to stake non-BTC assets and earn leveraged yield. Stay tuned for updates on this partnership,” Coral Finance stated.
Coral Finance and UniPort Network have joined forces to enhance interoperability for users. In its recent post on platform X, Coral Finance expressed confidence in this exclusive endeavor. Coral Finance utilizes a cutting-edge mechanism called Premium Trading, which provides crypto projects with a non-inflationary and reliable liquidity/staking aggregation solution for sustainable development. The platform also prioritizes values such as capital efficiency, risk management, and asset growth.
Furthermore, Coral Finance plans to introduce RWA assets, such as stocks, through Premium Trading. This strategic move aims to drive liquidity and user growth in traditional finance in the long term. Premium Trading serves as an exclusive trading mechanism that aggregates liquidity to facilitate effective market making. It allows users to trade their crypto tokens at significant prices.
In addition, Coral Finance has launched corToken, a derivative coin minted from the local token at a 1:1 ratio. This enables consumers to obtain leveraged yields. UniPort Network operates an Omni-chain interoperability platform for ecosystem-based assets. It provides comprehensive support for the interoperability of RGB++, Runes, ARC20, Ordinals-NFT, and BRC20 assets.
Tags: BTC