Mode Network Partners Atlendis To Expand Its DeFi Ecosystem
Mode, a layer 2 network on Ethereum, is partnering with Atlendis Labs to expand its decentralized finance ecosystem.
The collaboration aims to expand the platform’s operations in DeFi with the support of Atlendis Labs, incorporating asset-backed off-chain deals.
Mode, unlike monolithic blockchains, uses a modular architecture, separating key functionalities into different layers for increased composure, flexibility, and scalability. The platform offers developers access to an expanding DeFi ecosystem with a large user base.
The partnership includes asset-backed off-chain deals, allowing users to access cutting-edge DeFi features and applications at lower transfer fees compared to layer 1 networks. Atlendis Labs offers off- and on-ramp services for exchange between crypto and fiat currencies, offering significant flexibility and transparency.
Users can customize their investment strategies, and Mode focuses on providing convenience to users by enabling them to access the best curated off-chain deals supported by assets directly on-chain. This collaboration aims to fulfill the company’s objectives and expand its DeFi ecosystem.
(With inputs from Shikha Singh)
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