Talisman Enhances Polkadot with Cross-Chain Swaps and Liquidity

George Town, Cayman Islands, October 18th, 2024, Chainwire

Talisman, the premier web3 wallet that connects the Polkadot and Ethereum ecosystems, has introduced its new cross-chain swaps feature, further establishing its influence in attracting more users and liquidity to Polkadot. This functionality simplifies asset swapping between major blockchain ecosystems, improving connectivity for users trading within Polkadot, Ethereum, and Substrate networks.

Streamlining Cross-Chain Asset Swaps

Traditionally, asset swapping across blockchain ecosystems has been complex, typically necessitating multiple custom bridges and DApps. Talisman simplifies this process by embedding popular routes and assets directly into its Portal, allowing users to swap effortlessly between Polkadot, Ethereum, Arbitrum, Bittensor, Manta Network, and even Bitcoin. Whether exchanging ETH on Arbitrum for DOT or acquiring tokens like TAO or MANTA for staking, Talisman facilitates easy access to favored swap routes through its cross-chain swaps interface.

By enhancing accessibility for cross-chain swaps, Talisman not only improves the user experience but also injects fresh liquidity into Polkadot’s expanding ecosystem.

To get started, users can visit the Talisman Portal and begin their swaps.

Supported Routes and Assets

Talisman currently accommodates diverse cross-chain routes with key assets, including stablecoins and native tokens across Polkadot, EVM, Substrate projects, and Bitcoin. The supported routes consist of:

• Polkadot <> Ethereum/Arbitrum with assets: USDC, USDT, ETH, WBTC, and DOT
• All <> Manta Pacific EVM with assets: MANTA and ETH
• All <> Bittensor featuring native TAO
• All > Bitcoin showcasing native BTC

Collaborations with Leading Swap Providers

To guarantee a seamless experience and optimal liquidity for Polkadot and other chains, Talisman has partnered with top providers such as:

• Chainflip: A decentralized exchange protocol that facilitates seamless cross-chain asset swaps with minimal slippage and rapid transaction speeds, supporting networks including Bitcoin, Ethereum, Solana, and Polkadot.
• SimpleSwap: A non-custodial exchange service catering to over 2,000 cryptocurrencies and 800k crypto pairs across more than 100 chains, with 24/7 support and no registration required.

User-Friendly Features

Talisman’s cross-chain swaps feature aggregates various providers to enable users to compare options, costs, and estimated transaction times. Users can manage accounts across chains seamlessly, swapping between Substrate and EVM accounts directly within the Talisman Portal without the need for separate transactions.

How to Use Talisman Portal for Cross-Chain Swaps

1. Connect: Access the Talisman Portal via your Talisman Wallet (Ethereum or Polkadot accounts) at app.talisman.xyz.
2. Navigate: Head to the “Swap” section at app.talisman.xyz/transport/swap.
3. Select: Choose the assets you wish to swap.
4. Pick Account: Choose your destination account.
5. Complete: Select from the available swap providers and finalize your swap.

Future Developments

Talisman is dedicated to broadening its cross-chain swap options, incorporating more routes and assets. The firm is also integrating swap features directly into the wallet extension, enhancing convenience for users to swap on the move. By simplifying cross-chain swaps, Talisman is significantly contributing to the growth of the Polkadot ecosystem, attracting more users and liquidity while improving user experiences across multiple blockchains.

About Talisman

Talisman is a web3 wallet designed to empower users to explore applications across the Ethereum and Polkadot ecosystems. With Talisman, users can securely store, send, and receive assets and connect to various applications.

For more information, visit the Talisman Website or connect with us on Twitter and Discord.

Contact

Growth Associate
Natti
Talisman wallet
[email protected]