Multichain (formerly Anyswap) is a Cross-Chain Router Protocol (CRP) that supports cross-chain interoperability of tokens, NFTs, and general data across multiple chains.
Multichain’s cross-chain bridge allows an asset on one chain to be ‘sent’ to another chain.
Multichain’s cross-chain router enables any assets to be transferred between multiple chains, whether native or created with Multichain’s Bridge.
So far, Multichain has established routing channels between 25 blockchains to realize the free interaction of assets among these ecosystems. Currently, over 1,100 tokens are supported by Multichain.
Multichain users can easily swap assets using router and pool tools and check transaction status via Explorer.
Visit Multichain and get your wallet connected. In this case, we use MetaMask.
When connecting your MetaMask wallet, you will find that the default network setting Ethereum mainnet. This means you will need to set up MetaMask on other networks.
In this case, we use the BSC network as an example for the setup process.
Multichain router allows you to swap assets between two chains arbitrarily. However, before your first swap on Multichian Exchange, contract approval is required with every token that interacts with a contract.
It is a once-off process, and you will not go through it again when it comes to the same token.
Your transaction is done when status turns into ‘Success’.
Swap between two chains is super-fast using the Multichain router. Chances are that you will receive anytokens when liquidity is insufficient in target chain. For instance, you will receive anyUSDC if there is a lack of liquidity (USDC) in BSC network, but you can redeem anyUSDC to USDC in Multichain pool later on.
A small notification window will appear when you’ve sent a transaction. Check out your MetaMask account.
In case you receive anytokens (e.g., anyUSDC), don’t worry. First, please wait a while for Multichain pool to rebalance. Then, show how once pool is refilled, you can redeem anyUSDC into USDC.
check cross-chain transaction status by filling out your MetaMask wallet address on Multichain Explorer.
With Multichain pool, the process is similar to what we’ve done with ‘swap.’ Contract approval is required for every token that interacts with a contract.
Multichain has just rebranded from Anyswap and now incorporates many improvements for a better user experience. For example, it now features integrated functions, and users can easily swap assets using router and pool tools and check transaction status via Explorer afterward.
We’re thrilled to announce an exciting opportunity for you to win not one but two…
Acquiring practical skills is crucial for career advancement and personal growth. Education Ecosystem stands out…
Artificial Intelligence (AI) has been making significant strides in various industries, and the software development…
Another week to bring you the top yield platforms for three of the most prominent…
If you hold a large volume of LEDU tokens above 1 million units and wish…
It’s another week and like always we have to explore the top yield platforms for…