Introducing two pioneering entities shaping the landscape of blockchain and decentralized technology:

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Velo: Revolutionizing Digital Finance

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Velo is a dynamic force in the blockchain landscape, on a mission to transform the way we engage with digital finance. Their journey began with the creation of a decentralized settlement network, enabling secure and transparent value transfers. Velo's vision extends to addressing the limitations of traditional financial services, ushering in a future of efficient, secure, and accessible financial solutions.

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Axelar: Enabling Seamless Cross-Chain Interaction

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Axelar network is a trailblazing Web3 interoperability platform, focused on enhancing cross-chain connectivity across the blockchain ecosystem. Its primary role is to empower decentralized applications (DApps) and blockchains to communicate and interact seamlessly across various blockchain networks. By bridging these technological islands, Axelar plays a pivotal role in advancing cross-chain composability and programmability, allowing assets and data to flow smoothly between different blockchains.

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Squid: 

Squid, the revolutionary multi-chain and multi-asset bridge powered by Axelar network’s General Message Passing (GMP), is set to redefine the landscape of decentralized transactions. Squid serves as the gateway to a new era of cross-chain liquidity, enabling users to seamlessly swap any token between blockchains with a single click. This transformative technology ensures that applications across different chains are accessible effortlessly, providing users with a unified and interconnected experience.

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Velo, Axelar & Squid: Collaborating for Multi-Chain Integration to support Web3+ ecosystem

Velo, Axelar and Squid are champions of innovation in their respective domains. Velo is reshaping digital finance, providing efficient, secure, and accessible financial solutions, while Axelar is breaking down barriers in the blockchain world, enhancing Web3 interoperability. Adding to this synergy is Squid, a game-changing multi-chain bridge, facilitating seamless token swaps across blockchains with a click. Together, Velo, Axelar, and Squid form a triad of innovation, propelling the decentralized technology landscape into new frontiers. These three entities are driving forward the evolution of blockchain and decentralized technology in distinctive and impactful ways.

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Concrete Collaboration for Multi-Chain Interoperability:

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Velo is proud to announce that Squid, a revolutionary multi-chain and multi-asset bridge powered by Axelar network, is integrated seamlessly into the Universe platform. This integration empowers users with cross-chain interoperability, allowing assets to flow seamlessly between different blockchains.

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Connecting Liquidity Through Squid for USDV Swapping:

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Users will experience the advantages of our multi-chain interoperability, enabling them to effortlessly navigate and transact across different blockchains. This integration brings a new level of accessibility and flexibility, allowing users to tap into diverse blockchain ecosystems without the traditional constraints. For Velo users, this means a more streamlined and interconnected Web3+ experience.

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In optimizing liquidity, Velo plans to connect liquidity through Squid, facilitating efficient USDV swapping within the ecosystem. Velo's stablecoin USDV acts as a pivotal digital asset within the ecosystem. It can be used for trading on Universe and acts as a mean of payment for Orbit crypto-to-fiat merchant solutions. It facilitates seamless transactions and provides a routing asset, connecting various chains. This strategic positioning of USDV underscores its importance as a stable and reliable digital currency, contributing to the overall liquidity and usability of the Velo Web3+ Ecosystem.

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This strategic move creates a more robust trading environment, ensuring optimal conditions for the community.

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Future Collaboration with Axelar Network for Nova Chain Integration:

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Velo envisions a deeper collaboration with the Axelar network, integrating the Nova chain into the Axelar network through Axelar Virtual Machine (AVM) when it launches. This initiative expands multi-chain interoperability, providing users with a more interconnected and expansive digital experience.

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Applying Axelar General Message Passing (GMP) in Orbit – Merchant Payment Solution:

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Velo's merchant payment solution, Orbit, undergoes a transformative upgrade by integrating Axelar GMP. This enhancement enables merchants within the Velo ecosystem to accept payments seamlessly across multiple blockchains, transforming Orbit into a gateway to a diverse and interconnected financial landscape.

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These significant steps underscore Velo's dedication to advancing multi-chain interoperability within the Web3+ Ecosystem. Stay tuned for more updates as we continue to pioneer the evolution of the digital financial landscape.