In the world of institutional crypto, having secure and quick access to new protocols is mission-critical – as it can mean the difference between winning big on emerging market trends or missing the boat entirely.
That’s why we’re launching into December with 7 days of DeFi, another step in our mission to enable secure DeFi access and connectivity for every financial institution. All month long, we’ll be adding support for new, innovative Layer 1 or Layer 2 protocols to deliver safer, faster access to yields and efficiencies for FIs.
Today, we’re launching support for Avalanche, one of the most exciting new protocols for DeFi and beyond.
Avalanche is a Layer 1 platform and protocol that aims to improve Ethereum’s scalability and confirmation times, with near-instant transaction finality. According to CoinTelegraph, “In contrast, Ethereum processes 15–30 transactions per second with over 1-minute finality.”
As Avalanche runs the Ethereum Virtual Machine (EVM), DeFi developers are able to seamlessly port their Solidity dApps onto Avalanche. Some of the top dApps on Avalanche include Aave, Trader Joe, BENQI, and Curve.
Avalanche’s native token is AVAX. AVAX is currently the 12th overall ranked token by market cap, with $21B TVL (including borrow-side lending).
How can I access Avalanche with Fireblocks?
You can now access Avalanche’s C-chain to custody and transfer the AVAX native token without jeopardizing efficiency or security. You also have access to any of 100+ dApps built on Avalanche through DeFi API or WalletConnect.
Three ways to use Avalanche on Fireblocks:
- Fireblocks console via WalletConnect
- Fireblocks DeFi API
- Fireblocks Network
Some of the DeFi projects Fireblocks users have access to via Avalanche include:
In total, we’re releasing 5 new protocols this month – with more to follow shortly. This brings our total number of integrated protocols to 27, with 850+ supported tokens.
Stay tuned for tomorrow’s protocol drop!