TL;DR — LI.FI now supports bridging and swapping to and from Boba Network.
Introduction
LI.FI is excited to announce support for Boba Network, an EVM-equivalent Layer-2 Optimistic Rollup.
Boba Network users/dapps can bridge and swap their assets across all (15) LI.FI supported chains using our cross-chain swapping interface jumper.exchange.
Additionally, Boba Network dApps can directly integrate our bridging solution onto their site. This means users can swap or withdraw Boba Network assets without leaving the dApp.
What is Boba Network?
Launched in September 2021, Boba Network is a universal Layer-2 scaling solution that aims to reduce transaction costs, and computation fees, increase throughput, and expand the capabilities of smart contracts on the Ethereum network or other L1s.
Boba Network is the world’s first multi-chain Layer-2 network which allows you to choose your favorite Layer-1 as the settlement layer. Unlike other scaling solutions, Boba inherits the security of the underlying layer-1 chain.
Here are some features that separate Boba Network from other Layer-2s:
- Multi-Chain — Choose your favorite layer-1 as the settlement layer.
- Hybrid Compute — Build smarter dApps by connecting to off-chain APIs.
- EVM-equivalent — Any smart contract or dev tool that you can use on Ethereum can be used on Boba.
- Low gas fees — Gas fees up to 40–100x less.
- Dual gas token — Pay gas fees in $BOBA or the Layer-1s native token.
Multi-Chain
Boba Network is the 1st multi-chain rollup in the crypto industry. BNB, Avalanche, Fantom, and Moonbeam’s adoption of Boba Network as an execution layer and scaling solution allow developers to create dApps with massive throughput requirements and more advanced capabilities. Together, Boba combines next-level scalability with the interoperability and security of the L1 of your choice.
Hybrid Compute
Hybrid Compute is essentially a multi-purpose “pipe” that directly connects decentralized computers to Web2 APIs via smart contracts.
Boba aims to break down the walls between on-chain and off-chain ecosystems without compromising on any of the core features of blockchain technology.
This new communication pathway allows web 3 developers to connect to existing Web 2 systems easier and faster than ever before with just a single line of code.
Exploring the Boba Network Ecosystem
Boba has $3.7 Million in TVL spread across different L1 blockchains. Here’s an overview of some of the largest native dApps on Boba that you can use by swapping on jumper.exchange.
- SushiSwap: One of the leading DEXs in the DeFi ecosystem, Sushi accounts for over 38% of the TVL on Boba.
- OolongSwap: The liquidity hub of Boba and the first native DEX on Boba Network. In addition to swapping tokens, users can yield farm bluechip tokens and “multeafarm” (where users get double farming incentives).
- Gin Finance: The ultimate DeFi solution on the Boba Network. Gin offers a wide range of decentralized applications, including swap and liquidity staking to DeFi users.
- Outcome Finance: Outcome’s mission is to provide tools for DAOs to achieve better results in financing, governance, and community incentives.
To see a list of all the projects integrating on Boba, check them out on the official Ecosystem page
LI.FI x Boba Network TL;DR
LI.FI has added support for Boba Network; with the integration, users can swap any token from 15+ chains to and from Boba Network in just a few clicks.
LI.FI will route the transaction through the most efficient combination of our supported DEXs and bridges. With just a few clicks, users have access to the Boba ecosystem from almost anywhere in the EVM-compatible world.
Additionally, Boba dApp builders can quickly integrate our widget or SDK to allow users to bridge + swap inside their dApp.
To learn more about Boba, check out:
Closing Thoughts
Interoperability will be a major factor in the future of blockchain. We are building a platform that is interoperable with other blockchains and dApps, allowing our users to move assets and data between them seamlessly.
We aim to provide the best abstraction and aggregation solution on the market. If you’re a blockchain network, bridge builder, or dApp developer, come talk to us — we’d love to work together!
Get Started with LI.FI Today
For more information about the LI.FI protocol,
- Head to our link portal at link3.to/lifi
- Read our SDK “quick start” at docs.li.fi
- Join the official Discord server
- Subscribe to our newsletter on Substack
- Follow our Telegram Newsletter
- Follow us on Twitter & Linkedin
Try our any-2-any swaps NOW at jumper.exchange
Disclaimer: This article is only meant for informational purposes. The projects mentioned in the article are our partners, but we encourage you to do your due diligence before using or buying tokens of any protocol mentioned. This is not financial advice.
