We are pleased to announce our partnership with AllianceBlock, a decentralized, blockchain-agnostic layer 2 that bridges traditional and decentralized finance and automates the process of converting any digital or crypto asset into a bankable product.
This partnership will enable users to stake $ALBT directly from popular mobile wallets by connecting with Frontier’s mobile interface without having to import a seed phrase or private keys. Also, users will be able to create wallets on Frontier and store, spend, receive, and stake $ALBT.
As a DeFi Aggregator, Frontier also supports NFTs. AllianceBlock brings real-world assets to DeFi in the form of Collaterals/Loans. NFTs plays an important role in bridging real-world assets to DeFi. This integration also brings possibilities of using NFTs as a form of collateral in Frontier.
- Native $ALBT Staking – Connect Ethereum Wallets with Frontier or Create a wallet to Stake $ALBT seamlessly using Frontier.
- Staking Tracking – Users will be able to track staked positions by entering their public ethereum address.
- Liquidity Mining – Users will be able to participate in liquidity mining via Frontier’s mobile interface.
- NFTs as collateral – Bridging real-world assets to DeFi, Users will be able to put real-world assets as collateral for loans.
Speaking about the partnership, Rachid Ajaja, CEO – 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 – 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.
About Alliance Block
AllianceBlock is building the first globally compliant decentralised capital market. The AllianceBlock Protocol is a decentralized, blockchain-agnostic layer two 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.
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.