I am so excited that ICON received Algorand Foundation Bridges supergrant, that I am going
I am so excited that ICON received Algorand Foundation Bridges supergrant, that I am going to quote a part of the article:
"BTP is ICON’s flagship interoperability solution, technology that is both decentralized and trustless, and is secured entirely through cryptography. With the addition of Algorand, the BTP ecosystem now comprises the Algorand, ICON, Binance Smart Chain, Polkadot and Kusama ecosystems, Harmony, Near, upcoming sister-chain ICE, and canary network SNOW. All existing integrations will be directly connected to Algorand, while Algorand’s integration will connect them to all of the BTP partners. As ICON continues to expand this interconnected web of public blockchains, it becomes increasingly attractive for additional projects to join our ecosystem...Integration with Algorand opens a door of new possibilities for the ICON ecosystem and ICX holders. ICX holders will now be able to bridge to the Algorand blockchain and utilize their protocols. The same can be said for Algo holders coming to the ICON blockchain. Assets from the Algorand ecosystem such as Algo and/or YLDY can now be wrapped and brought to ICON native protocols, where you can utilize them by trading on Balanced, lending/borrowing on Omm, generating additional yield on Optimus, etc.
ICON was awarded this grant as their proposal supports the creation of critical DeFi infrastructure."
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