ZUG, April 6, 2021 — The Occam Association is pleased to reveal the launch of the first-ever Ethereum-to-Cardano cross-chain liquidity bridge, developed as part of the OccamRazer decentralized launchpad.
OccamRazer provides opportunities for projects building on Cardano to raise capital through initial DEX offerings powered by decentralized liquidity pools. Occam’s cross-chain bridge is essential to providing adequate liquidity to these pools, which will enable Ethereum users to fund projects building on the Cardano blockchain and seamlessly move liquidity from Ethereum to the Cardano ecosystem.
Projects launching through OccamRazer will be able to make use of this cross-chain bridge, giving projects planning to launch on Cardano access to Ethereum’s user base and liquidity.
Cross-chain bridges are pieces of smart contract logic that work toward the interchain wrapping of assets — tethering an asset on one blockchain to the value of a matching asset deployed on another. Examples of cross-chain bridges are many and vary among existing blockchain protocols, the most prominent of which is Wrapped Bitcoin (wBTC), an Ethereum token tethered to the value of Bitcoin (BTC), a shared initiative between BitGo, Republic protocol and Kyber network.
Upon releasing its multi-asset and native token capabilities through the Mary hard fork, Cardano is now poised for massive inflows of capital. However, no cross-chain liquidity bridge yet exists for the Cardano blockchain, setting limitations to how much capital will remain on-chain in the protocol’s early forays into decentralized finance.
Mark Berger, president of the Occam Association, said:
“Through the Occam.fi cross-chain bridge, liquidity and value can be seamlessly moved onto the Cardano blockchain and its associated projects through collateralization by Ethereum on-chain liquidity. We believe this solution will generate liquidity and exposure for Cardano projects within the sizeable Ethereum DeFi community, allowing funds to flow easily to projects on Cardano.”
To support the Occam ecosystem, the OCC token will also be launched. OCC tokens will allow access to premium liquidity pools while also fueling continuous ecosystem diversification, a feature where OCC token stakers are continuously rewarded via liquidity mining programs.
This feature alone, unique to Occam.fi, will open a cascade of reward-generating opportunities for both token holders and ecosystem participants, ensuring Occam.fi becomes a thriving, self-sustaining and prosperous ecosystem.
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About Occam.fi
The Occam.fi ecosystem is managed and maintained by the Occam Association, a Switzerland-based entity operating from the crypto-friendly Canton of Zug. When the Occam.fi ecosystem grows sufficiently, Occam.fi will be governed and steered by a carefully designed decentralized autonomous organization. Occam.fi is the first decentralized launchpad designed for the Cardano ecosystem, built with expertise and care from a veteran team of blockchain entrepreneurs and professionals. Learn more on www.occam.fi.
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