Leading From The Front: AllianceBlock Partners With DeFi & Staking App Frontier
AllianceBlock is proud to announce a strategic partnership with Frontier, a decentralized finance aggregator that enables users to track, view, and manage all their DeFi activities in one place.
As a leading player in creating the world’s first globally compliant decentralized capital market, AllianceBlock will welcome Frontier into this ecosystem. Through the partnership, DeFi projects that are vetted, validated, and plugged into the AllianceBlock Protocol can also be integrated with Frontier, benefitting from their range of functionalities.
Integrating the AllianceBlock Protocol within Frontier, the partnership will provide a range of benefits to AllianceBlock token holders, namely providing users with extended support for asset staking and ALBT liquidity mining activity, as well as protocol reading and tracking support. ALBT is a multi-functional utility token that forms the backbone of the AllianceBlock Protocol and acts as the main medium of exchange within the AllianceBlock ecosystem. Frontier will fully integrate ALBT into its entire application suite, allowing users to safely stake and store their tokens. Users can also benefit from Frontier’s best-rate asset swapping feature, as well as their liquidity provision.
Frontier will also support Non-Fungible Tokens (NFT’s), which can be leveraged in lending, insurance, or any other DeFi solution. NFTs can act as a tool for DeFi in providing interconnected financing infrastructure with the ability to facilitate real-world assets as collateral for loans issued via blockchain P2P lending. Multiple use cases, flexibility of the solution, and strong economic benefits make the idea of tokenization of collateralized loans the next step in the evolution of finance. AllianceBlock, as a pioneer in this field, is aiming to make this disruptive step and provide users with an enhanced, easy-to-use solution to manage their digital assets.
Rachid Ajaja, CEO and Founder of AllianceBlock, said, “With the DeFi boom in full swing, challenges have emerged for users trying to manage multiple addresses, assets, and data stores across different platforms, however Frontier has managed to solve this issue, providing a safe space and acting as a one-stop shop for all DeFi-related data. Our vision is to build an ecosystem of stakeholders across the full spectrum of traditional and decentralized finance and we are proud to partner with Frontier in our quest to achieve this.”
Ravindra Kumar, CEO and Founder of Frontier, said, “Frontier and AllianceBlock share the same vision of bridging CeFi and DeFi. We are excited to work together with the AllianceBlock Team to introduce native staking and provide services to bridge the gap between DeFi and real-world assets.”
This news follows a string of recent announcements for AllianceBlock, including their recent partnerships with Chainlink, the most widely used and secure decentralized oracle network, and blockchain data analytics company Covalent. AllianceBlock is committed to travelling on this upward trajectory by continuously partnering with organisations who share the same strategic vision, while keeping the community at the very core of everything we do.
Frontier is a chain-agnostic DeFi aggregation layer. To date, we have added support for DeFi on Ethereum, Binance Chain, BandChain, Kava, and Harmony. Via StaFi Protocol, we will enter into the Polkadot ecosystem, and we will now put vigorous efforts towards Serum.
With our applications, users can participate in protocol tracking and management, staking, best-rate asset swapping, liquidity provision, CDP creation & monitoring, and more.
AllianceBlock is building the first globally compliant decentralized capital market. The AllianceBlock Protocol is a decentralised, blockchain-agnostic layer 2 that automates the process of converting any digital or crypto asset into a bankable product.
Incubated by three of Europe’s most prestigious incubators: Station F, L39, and Kickstart Innovation in Zurich, and led by a heavily experienced team of ex-JP Morgan, Barclays, BNP Paribas, Goldman Sachs investment bankers, and quants, AllianceBlock is on the path to disrupt the $100 trillion securities market with its state-of-the-art and globally compliant decentralized capital market.
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