Copper has developed a "bridge" between traditional organizations and DeFi

Copper cryptocurrency castodian wants to connect institutional investors with the Defi industry using a new tool - “bridge” between Copper services and Defi applications.

According to the company's statement, CopperConnect will allow the interaction between existing Copper data storage services and Defi industry protocols.

“In the past, many cryptocurrency funds considered the Defi industry too unstable. However, in recent months, the number of Defi projects that have not passed, And the fluctuations in the cost of Defi markets have become less significant ", – claims Copper.

General Director of DeFi Aav Stani Kulekhov (Stani Kulechov) He noted in a press release, which observes the "significant increase in the number of organizations, wishing to make liquidity to the AAVE project ". In this name, specific organizations are not disclosed.

CopperConnect – This is an infrastructure system, which ensures safety throughout the storage process, transmission and blocking of crypto assets on the way to the Defi smart contract. The special expansion of Google Chrome allows you to connect storage systems based on multilateral calculations Copper as centralized exchanges, and to Defi applications.

According to Copper, When withdrawing from the de -defi pool, assets can only be returned to the wallet, from which they were sent. It is still unclear, Does the service work with all Defi applications. Kulekhov said, that the system eliminates almost all operating risks.

Recall, that ETC Labs recently began to cooperate
с Chainsafe Systems, To add to the Ethereum Classic blockchain support to DAI stablecoins, used in many Defi applications.