MistswapDEX bridge impact on the Bitcoin Cash DeFi ecosystem
Bitcoin Cash DeFi, originally dubbed SmartBCH, is in full swing and its daily evolution is gaining ground in the world of decentralized finance. Of course, it still needs a lot to have a very strong positive impact and welcome investors of great caliber, but efforts in this direction are being undertaken.
One of the positive ways to make SmartBCH's growth still impactful in the DeFi world is, the possibility of allowing more investment to come from other crypto markets, here is where the role of the new MistswapDEX bridge plays a leading role. But why?
Because the ability of investors in other markets such as BTC, ETH, AVAX, Dogecoin, Solana and others to be able to use their money to actively participate in the SmartBCH ecosystem will greatly boost the market.
But what will be the impact of the new bridge on the smartBCH DeFi ecosystem
More money coming into SmartBCH
The new bridge is an innovation in the smartBCH DeFi ecosystem and allows currencies other than Bitcoin Cash to be converted to the side-chain which will make more money in crypto assets enter the protocol as an investment. This investment will drive more projects to be designed as well as a wider range of products to be offered on the SmartBCH side-chain.
Greater visibility
One of the things that the side-chain has to work on at the moment is its visibility within the crypto market, which will happen gradually, but with the possibility of converting a wider range of currencies than Bitcoin Cash and using it in SmartBCH will draw attention to both investors and users looking for a blockchain that has cheap operation costs and is fast to transact.
Engagement will be great
Engagement in the crypto community revolves a lot around the famous coins and not the ones that really work for the people, but using a bridge that can be powered by coins other than Bitcoin Cash will create a buzz in the crypto community causing curiosity. From curiosity will come the engagement in the various social platforms that allowed a greater number of people to become aware of the DeFi ecosystem of Bitcoin Cash.
The greater the engagement, the greater the use and knowledge of SmartBCH around the world.
Onboard more people
One of the biggest concerns at the moment in the SmartBCH ecosystem is having more people participating in it, after all, it has low fees and transactions are quick to confirm, but until now people are almost completely unaware of it. Having a wider range of currencies that they can use to invest in the network will allow it to be inviting and get a lot of people to join.
After all, can you invest using different currencies in SmartBCH and can you also raise to the various blockchains who would not want to participate?
I believe that everyone who cares for their money!
Great movement of Bitcoin Cash wallets
The currency that serves as fuel in SmartBCH is Bitcoin Cash, which, by being able to use deposits in other currencies to inject capital into the side-chain, a greater number of Bitcoin Cash wallets would be moved, and not only, people from all over the world could also start learning more about Bitcoin Cash.
Bitcoin Cash is a currency that is booming despite the fact that there are people who do not agree since 2017 after small mishaps it has always been stable and safe to use. With the new modality of smart contracts the currency can go even further than it is now.
Summary,
The new MistswapDEX bridge is not only innovative but also a tool that allows currencies from other mainnets to be converted directly into Bitcoin Cash for use in SmartBCH in SEP-20 format. MistswapDEX is the largest and most sophisticated trading platform on the smartBCH side-chain, run by a person who has long been Bitcoin Cash compliant and strives to see development reach unprecedented heights.
With the bridge small and large amounts can be invested making small, medium and large investors profit using DeFi on top of Bitcoin Cash.
The MistswapDEX bridge will be a success for onboard more people on the side-chain and will make it possible for them to withdraw small gains on SmartBCH without having to worry about execution values on the Blockchain quickly and safely, if in other DeFi ecosystems it is practically It is impossible to withdraw values such as a dollar or even invest that dollar, this is no longer the case at SmartBCH where cents of the dollar can do a great difference.
Useful links from Mistwap Dex
Swap:https://app.mistswap.fi/swap
Pool: https://app.mistswap.fi/pool
Farm:https://app.mistswap.fi/farm
stake:https://app.mistswap.fi/stake
MistSwap Bridge: https://app.mistswap.fi/bridge
MistSwap Analytics:https://analytics.mistswap.fi/
Telegram: https://t.me/MistSwapOfficial
Twitter:https://twitter.com/MistSwapDEX
smartBCH is getting bigger and the MistswapDEX bridge will be a tool to help even more people to join the ecosystem gathering more investments and locking them up on the platforms existing on the side-chain
Instead