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EzySwap

Ezyswap is a decentralised omnichain crypto bank that provides services to customers to deposit/withdraw tokens across different blockchains with any amount of tokens whenever they want and earn interest instantly.

EzySwap

Created At

ETHOnline 2022

Winner of

💸 Hyperlane — Best DeFi

Project Description

EzySwap is a decentralized omnichain crypto bank that provides services to customers to deposit their tokens and earn interest instantly. Most importantly, they can withdraw any amount of the deposited tokens on any supported blockchains whenever they want, so they don't need to specify the target chain or trigger two or more transactions when bridging their crypto across different blockchains. Overall, this is one of the most secure and novel approch to bridge tokens across different blockchains.

How it's Made

This protocol is built on top of Hyperlane network (to bridge messages across chains) and Aave (earn insterets on Stablecoins and ETH across chains).

In this protocol, we mainly use the Optimism network as a unified data keeper that stores the account balance of each customer. For now, the protocol only supports customers depositing and withdrawing their USDT on Mumbai or Avalanche.

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