Multichain connectivity is the key to DeFi 2.0 — and today marks another step towards universal decentralized finance. BIFROST, a KGF fundee, has just launched Klaytn integration on its BiFi multichain DeFi platform and Biport wallet, adding support for KLAY, KETHER, KUSDT, KDAI, KUSDC, KWBTC, and KXRP to both.

With the unique ability to support transactions among cryptocurrencies from different blockchain protocols, BiFi enables transparent, scalable, and secure DeFi services while expanding the ecosystem beyond Ethereum.

Once you connect your Biport wallet to BiFi, you can start lending and borrowing Klaytn Compatible Tokens instantly — alongside your other crypto assets — all within the Biport wallet. And for the active members of the BIFROST Telegram community, we’ve got exciting news: you can now swap your Klaytn-based BFC_K stash for BFC (ERC20) in the Biport Wallet!

In addition, BIFROST has allocated 4,000,000 BiFi tokens as rewards for lending and borrowing on Klaytn for the next 2 months, as an incentive for users to start lending on the BiFi-Klaytn network for extra BiFi rewards and higher APY.

With this integration, BIFROST is now part of our rapidly growing Klaytn ecosystem, joining hundreds of partners across the DeFi, GameFi, NFT spaces and more in our pursuit of global blockchain mass adoption.

About BIFROST and BiFi

BIFROST is a multichain middleware platform that enables developers to create Decentralized Applications (DApps) on top of multiple protocols. Not restrained to a single blockchain, BIFROST creates a new environment where developers can combine the best protocols to develop substantially more scalable and flexible DApps.

BiFi opens a new era of DeFi, offering the first decentralized Bitcoin lending. Powered by the multichain technology of BIFROST, BiFi connects to Ethereum, Binance Smart Chain (BSC), Avalanche, Bitcoin, and to an infinite number of networks. Through this multichain connectivity, BiFi will lower the gas fees, increase accessibility, and expand the ecosystem to enable more innovative financial products to more people.