X
bitcoin

Rubic: Bridging On-Chain and Cross-Chain Swaps

Rubic is a whole pack of the ecosystem providing on-chain and cross-chain swap types, multichain-bridged Decentralized Finance, Dexes, and much more. Rubic supports more than 7,500 tokens on and across multiple Blockchains like Ethereum, Binance Smart Chain, and Polygon.

Introduction:

Decentralization is revolutionizing the world with its all cool features and Decentralized Finance trends have taken the most advantage of this. There is more than $7 Billion worth of assets Block-chained, according to the DeFi Pulse analytical resource. The potential is exponentially growing and but it has the trouble of being limited to the native blockchains. Beyond that, Rubic has created their own custom bridge for their token, RBC, enabling them to sidestep bridge restrictions, and through using their own smart contracts, they have created their own cross-chain routing system that enables any token on Ethereum, Binance Smart Chain and Polygon networks to be swapped for any other token on these three networks. This feature will eventually expand to encompass all integrated blockchain networks. Currently, Rubic has integrated Ethereum, Binance Smart Chain, Polygon, TRON, xDai, and Harmony networks.  The infrastructure of Ethereum Blockchain hinders the feasibility of the provision of such assets to be distributed on the other blockchains. Rubic comes as the single solution to provide liquidity with AMM as DEX and bridging the DeFi assets across the chains.

Rubic
Source: Rubic Finance

The platform has everything to offer to all types of cryptocurrency-enthusiastic and targets the following audience:

  1. Traders and token holders
  2. Brokers
  3. Projects and project owners
  4. Exchanges and OTC companies
  5. Investment groups

Market Size and Business Model:

Rubic provides a cryptographic bridge to swap on-and-across 6 main blockchains by providing custom routings to choose from different gas fee channels. Rubic has a huge market size accounting for more than 3 million users worldwide and a trading volume of $816 billion, in the last year alone. There average of 200,000 users weekly on the platform for DEX trades. With the inclusion of DeFi, the number is expected to increase 10 times by 2025.

Products and Features:

1.      Multichain Support:

Rubic Provides multichain swap and on-chain trades supported across Binance Smart Chain, Ethereum, and Polygon. The ecosystem has 6 blockchains on the ecosystem including Ethereum, Binance Smart Chain, polygon, Tron, XDai, and Harmony.

bitcoin

2.      Cross-Chain Swaps:

Offering the lowest gas fees, Rubic comes with a strange ability to convert cryptographic assets across the blockchains. Rubic enables you to trade any token on any network with the best rates and low fees across multiple blockchains

3.      Trade 7,500+ Assets:

If Ethereum gas fees are bothering you or your token is not supported by native Binance Smart Chain Rubic is the single solution to all your crypto problems.

4.      High-end Integrated Partners:

Rubic has won grants with major blockchain platforms such as Polygon. It has strategically partnered and integrated with major platforms and companies including Dexes like UNISWAP 1inch, SushiSwap, QUICKSWAP, PancakeSwap.

Rubic Dexes

5.      Multiple and Custom Fee Routing:

Gas fees are a major concern for traders and investors. Rubic offers multiple routes each with a different gas fee. Choose a custom route to perform the swap to choose minimum gas fees.

6.      Other Key Features:

  • Simple and easy-to-use UI/UX
  • Fiat on-ramp aggregator
  • Crypto Tap feature – offers native network coins for trading liquidity (BNB & MATIC)
  • Native token RBC acts as governance token and as a fuel for cross-chain value transfer
  • Users will also be able to earn a % of commission for populating these custom cross-chain liquidity pools
  • Continued integration of new blockchains, AMMs, and bridges to consolidate DeFi into one location.
  • P2P swaps (via Order Book)
  • Instant Swaps (Ethereum, BSC, Polygon)
  • Cross-chain Swaps (BSC-Ethereum, Polygon-
  • Ethereum, Ethereum-BSC-TRON)
  • Option to lock liquidity until the trade is closed
  • DEX / Liquidity aggregators
  • No volume limits
  • Limit orders for Ethereum
  • Creation of Custom Bridges
  • iFrame Widget
  • Ability to make crowd sales
  • Public/Private deals
  • No need to list token
  • Investors get % from every successful trade
  • Percentage of platform revenue can be regulated
  • Brokers support
  • Decentralized OTC platform

Rubic: Team

Rubric is backed and developed by a team of 17 experienced developers who have a badge of contributing to the top Cryptocurrency projects like Binance, TRON, NEO, and others. The team has been involved in cryptocurrency since 2017 and they successfully launched this magical idea of excellent use case, Rubic, on September 22, 2020.

Conclusion:

Rubic has a unique way of defining and providing solutions to major problems like cross-chain swap and handling liquidity on existing AMMs. The custom routing solution shrugs off the trouble to be limited to the native blockchain and provides a custom route to swap with minimum gas fees. Empowering liquidity and cross-chain swaps on their smart contracts make trader Rubic their most feasible and favorite option. Rubic has the best security to offer its users by not posting the codes publicly on GitHub and auditing the whole ecosystem internally.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

Check Also

bitcoin

Ricochet Exchange is live on Polygon

Ricochet Exchange has brought effortless real-time crypto investing to Polygon. With Ricochet you can buy …

Leave a Reply

Your email address will not be published. Required fields are marked *