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bitcoin
Bitcoin (BITCOIN)
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PancakeSwap Launches One Click Crosschain Swaps with Across Protocol

Highlights:

  • PancakeSwap has added a new upgrade that will enable users to move tokens across chains.
  • The new feature uses intent-based swaps that avoid locking assets and increase transaction safety.
  • The new one-click swap tool addresses major concerns around blockchain bridges.

PancakeSwap announced the introduction of one-click cross-chain swaps via a new integration with Across Protocol. The upgrade will enable users to transfer tokens on BNB Chain, Arbitrum, and Base without blockchain bridges. Users now have the ability to do swaps without leaving the interface of PancakeSwap. This eliminates the need for external tools, multiple steps, or high transaction fees.

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The integration adopts an intent-based model, which eases the process of transferring tokens. One can create a target, such as exchanging USDC on Base to WETH on Arbitrum, and the network executes the trade. A network of decentralized relayers intervenes by taking up execution by filling the order with their funds. These intermediaries assume the finality risk and finalize the exchange in several seconds. Chef Kids, lead at PancakeSwap, explained that intent-based swaps do not lock assets in contracts. He also noted that avoiding asset lockups reduces smart contract risk, giving users a safer experience overall.

Simplified DeFi Experience Improves Security and Avoids Bridge Risks

The new one-click swap tool addresses major concerns around blockchain bridges. Bridges have been known for their security flaws, especially in past incidents. In 2022, the Ronin Bridge connected to Axie Infinity was hacked, and more than $600 million was stolen. The breach was on a multisignature system that could not secure the locked assets.

PancakeSwap has deployed an intent-based solution that works differently. It does not freeze assets in smart contracts, which is a precondition to the same type of vulnerabilities. The relayers complete transactions instantly, eliminating delays and chances of attacks. This approach is more efficient and safe to communicate between blockchains.

Hart Lambur, the co-founder of Across Protocol, stated that such an arrangement would provide its users with a clean execution without involving any technical procedures. He highlighted that interoperability interactions should be seamless because they make the user confident and allow linking separate blockchain networks. The system builds on broader industry efforts to remove friction from decentralized finance. Standards to formalize cross-chain messaging, such as ERC-7683, have been proposed by protocols such as Unichain. These standards assist decentralized networks in matching and execute cross-chain orders.

Cross-chain Swap Upgrades Open New Opportunities for Institutions

One-click swap is favorable both to individual users and institutions. It minimizes the procedures required to transfer tokens between networks to retail traders. To institutions, it reduces operational risk and makes participation in DeFi easy. PancakeSwap’s integration with Across marks a shift in how cross-chain activity works. By reducing technical barriers and avoiding asset lockups, the new tool enhances the user experience. It also supports the larger trend toward safer, faster, and more accessible DeFi infrastructure.

In a related development, 1inch, a DEX aggregator, recently deployed an update that claims up to 6% better swap rates. The upgrade aims to decrease the barrier to entry for retail investors and to increase trust in DeFi.

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