Telos Integrates with Key Platforms to Enhance Cross-Chain Liquidity and DeFi Opportunities

Telos has integrated with several platforms within the crypto ecosystem to unlock cross-chain liquidity and decentralized finance (DeFi) opportunities.

The Telos Foundation announced this expansion on X, revealing that Telos is now leveraging the technology and solutions from Stargate, BitGo, and Circle to enhance network security, accessibility, and liquidity.

Key Integrations

Telos is specifically utilizing Stargate, a cross-chain liquidity protocol built on LayerZero, to facilitate multi-chain native asset transfers. This integration enables users to bridge tokens between Telos and 30 other networks, thereby unlocking new opportunities in a multi-chain DeFi ecosystem.

Additionally, Telos has integrated with Hydra, part of Stargate v2, bringing assets such as wrapped Bitcoin (wBTC), USDC, and Tether (USDT) to the Telos network.

> By bringing high-value, widely used tokens to Telos, Hydra enhances liquidity accessibility and fosters deeper DeFi engagement,
> – Telos Foundation

Collaborations with BitGo and Circle

Telos’ integration of wBTC and USDC is facilitated through partnerships with BitGo and Circle. BitGo helps bring wBTC to Telos, while also ensuring the liquidity necessary for institutional access. Circle enables a bridged version of its USDC stablecoin to be deployed on the Telos mainnet.

Currently, the total value locked (TVL) in DeFi protocols on Telos is approximately $16.6 million, spread across decentralized exchanges, lending protocols, real-world asset platforms, and liquid staking providers among others.

The Telos Foundation emphasized that these upgrades and integrations are crucial for enhancing interoperability and expanding the Telos blockchain’s footprint in DeFi.

> The road is now open for massive liquidity to flow into the ecosystem, making Telos a prime destination for DeFi users and developers,
> – Telos Foundation

Conclusion

With these advancements, Telos is poised to become a significant player in the DeFi landscape.