TL;DR — Vovo Finance has integrated LI.FI’s SDK!
LI.FI is excited to announce that we have partnered with Vovo Finance, a structured products protocol, to power bridging and swapping directly in the dApp. With this integration, Vovo Finance users can bridge and swap any asset across the 15+ chains supported by LI.FI in a fast, secure, and efficient way.
What is Vovo Finance?
Vovo is a stack of decentralized products built on top of Arbitrum, the leading Layer-2 scaling solution by TVL. The platform allows users to generate yield by combining farming rewards with leveraged products like GMX, a perpetual swap exchange on Arbitrum. Users can deposit assets that correspond with their risk levels and market views, let’s take a look at the main products Vovo offers:
- Principal Protected Products (PPPs) — Users have the chance to earn profits without the risk of losing funds, as only the farming yield is used to open trades. PPPs work in the following way:
- A User deposits funds into the PPP vault.
- Funds are then deposited into protocols that offer high-yield farming rewards like Curve Finance.
- The farming rewards are collected and used to open leveraged long/short positions on GMX.
- The vault periodically closes leveraged positions and collects profit if an
- GLP Vault Products — Allow users to earn the highest yields possible by using GLP.
GLP is GMXs LP token, which earns 15–30% APY, and esGMX tokens which can be staked to earn more trading fee yield. Let’s dive into how the product works:
- GLP is deposited into the vault.
- Every week the vault collects yield from staked GLP tokens and then uses the yield to open high-leverage positions on GMX.
- After one week the vault automatically closes the leveraged position and reinvests profits to buy and stake more GLP, if the leveraged position is liquidated there is no profit, but your staked GLP remains untouched.
- Since the GLP token also receives esGMX token rewards, the vault automatically stakes it to earn more yield. As time goes on the vault accumulates more esGMX, boosting yield even higher.
What Is LI.FI?
LI.FI is the most advanced bridge aggregation protocol on the market. We support any-2-any swaps by aggregating bridges and connecting them to DEXes and DEX aggregators. LI.FI has added support for 10+ bridges across 15+ EVM-compatible chains, it is available as an SDK, widget, or API.
In the simplest terms, LI.FI is like 1inch & Paraswap for bridges. We choose the best bridge to move funds from one chain to another. Furthermore, since many bridges support a limited amount of tokens, we have DEXes on both sides of the bridges to swap before and after the bridge, facilitating any-2-any swaps across chains.
Our SDK is the ultimate cross-chain money lego for dApps to build on top of or plug into themselves.
- We’ve integrated multiple fallback bridges + DEXs so that you don’t have to
- We maintain bridges + DEXs so that you don’t have to
- We choose the best bridges based on our research so that you don’t have to (positioning ourselves neutral)
For some examples of how LI.FI works, check out:
- Alchemix — SDK integration
- DeFi Saver — SDK integration
- Superfluid — SDK integration
LI.FI x Vovo
We are proud to partner with Vovo Finance, by integrating the LI.FI SDK users can now bridge and swap assets across 15+ chains and Layer-2s like, Arbitrum and Optimism. Additionally we have added support for 10+ bridges, and 24 DEXs supported by LI.FI.
At LI.FI we believe users shouldn’t have to worry about the complexities of going multi-chain so we abstracted them away.
To learn more about Vovo, check out their…
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
- Follow our Telegram Newsletter
- Follow us on Twitter & LinkedIn
- Subscribe to our Substack
or try our any-2-any swaps NOW at transferto.xyz
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.
