{"id":21267,"date":"2022-01-31T14:00:41","date_gmt":"2022-01-31T14:00:41","guid":{"rendered":"http:\/\/bitcoinprbuzz.com\/?p=21267"},"modified":"2022-01-31T14:44:23","modified_gmt":"2022-01-31T14:44:23","slug":"router-protocol-launches-mainnet-following-successful-4-million-raise","status":"publish","type":"post","link":"https:\/\/wire.bitcoinprbuzz.com\/router-protocol-launches-mainnet-following-successful-4-million-raise\/","title":{"rendered":"Router Protocol Launches Mainnet Following Successful $4 Million Raise"},"content":{"rendered":"

Press Release: <\/i><\/b>Router Protocol announces the launch of its mainnet after a successful strategic funding round raising $4 million.<\/span><\/i><\/p>\n

 <\/p>\n

January 31st, 2022, Singapore – <\/b>Cross-chain communication infrastructure project, <\/span>Router Protocol<\/span><\/a>, announces the launch of its mainnet, a few weeks after a successful funding round in which Router raised over $4 million from marquee investors including Coinbase Ventures, Alameda Research, QCP, Polygon, and Wintermute. The mainnet launch follows a successful period of development and testing on the protocol\u2019s incentivised testnet showcasing its XCLP (Cross-chain Liquidity Protocol), which received feedback from 3,000 community members.<\/span><\/p>\n

 <\/p>\n

The mainnet launch will be between three blockchains – Polygon, Avalanche and BSC, and will plug into various liquidity venues – primarily DEXes, including Dfyn on Polygon. Subsequently, in a few weeks after the launch, there will also be various staking and farming programs across all three chains to incentivize liquidity aggregation.<\/span><\/p>\n

 <\/p>\n

While this version one implementation of Router\u2019s XCLP will be focused on enabling cross-chain transfers and swaps, the vision is to open up the XCLP to a wider audience of partners, including blockchain and application developers, enabling native cross-chain capability for multiple use cases including cross chain governance, lending and borrowing.<\/span><\/p>\n

 <\/p>\n

Security is a big priority, and the team has been working hard to address issues related to security with the help of independent auditors as well as the broader developer community.\u00a0 $200,000 bug bounty program has kickstarted community efforts\u00a0 to continuously debug the Router platform .\u00a0<\/span><\/p>\n

 <\/p>\n

In addition, the Router team has already begun work on the cross-chain communication platform\u2019s v2 upgrade, which will take place later in 2022. The v2 upgrade will introduce a generic purpose accounting blockchain which will be able to store, send, and secure messages across different blockchains.<\/span><\/p>\n

 <\/p>\n

Interoperability is the Future of DeFi<\/b><\/p>\n

Router is an early pioneer in the cross-chain communication space. The rapid rise in Ethereum adoption has been accompanied by a raft of Layer 1 and Layer 2 competitors and collaborators such as Avalanche, Polygon, BSC etc as well as non-EVM chains such as Solana, Terra, Algorand and Cosmos. Each of these have their own advantages and disadvantages.\u00a0<\/span><\/p>\n

 <\/p>\n

Router\u2019s XCLP platform enables mainstream applications to build complex products across different chains\u00a0 for various specific needs. This is especially important for the growing DeFi space. Rather than focusing on just liquidity transfer, Router focuses on building generic cross-chain messaging capabilities. With Router\u2019s SDK, any dApp whether it be a wallet or a DEX or an NFT platform or indeed anything that requires any crosschain capability can seamlessly plug-in to Router and enable cross-chain messaging and communication.<\/span><\/p>\n

 <\/p>\n

As a result, Router is positioning itself to be a key connecting infrastructure as DeFi evolves.<\/span><\/p>\n

 <\/p>\n

About Router Protocol<\/b><\/p>\n

Router Protocol is building a suite of cross-chain liquidity infra primitives that aims to seamlessly provide bridging infrastructure between current and emerging Layer 1 and Layer 2 blockchain solutions. Its vision is to promote a crypto space in which each project and ecosystem has the ability to utilize the benefits of all other projects and ecosystems in the space.\u00a0<\/span><\/p>\n

 <\/p>\n

Router Protocol <\/span><\/a>was founded in 2020 by Ramani Ramachandran, Shubham Singh, Chandan Choudhury, and Priyeshu Garg. Ramachandran, an MIT alum, has been a serial entrepreneur in the Fintech and digital assets space for the better part of a decade. The team also comprises an extensive list of seasoned developers in the blockchain space who, together, have experience in Web3, protocol building, UI and UX.<\/span><\/p>\n

 <\/p>\n

Moreover, Router\u2019s strategic round, which raised $4.1 million, saw participation from Coinbase Ventures, QCP, De-Fi Capital, Polygon, Wintermute, Shima, Woodstock and Bison Ventures, in addition to leading Web 2.0\/Web 3.0 executives and entrepreneurs. Some of the leading angels in the round include Polygon\u2019s Sandeep Nailwal and Doordash\u2019s Gokul Rajaram.<\/span><\/p>\n

 <\/p>\n

Combined, these resources will be used to drive Router\u2019s roadmap and position it at the forefront of the cross-chain interoperability space.\u00a0<\/span><\/p>\n

 <\/p>\n

For more about Router Protocol and its mission to revolutionize cross chain interoperability visit their main website <\/span><\/i>here<\/span><\/i><\/a>.<\/span><\/i><\/p>\n

 <\/p>\n

Follow Router on <\/span>Twitter<\/span><\/a><\/p>\n

Join the Router community on <\/span>Telegram<\/span><\/a><\/p>\n

Read the Router blog on <\/span>Medium<\/span><\/a><\/p>\n

Download the Router Litepaper <\/span>here<\/span><\/a><\/p>\n

 <\/p>\n

Media Contact Details<\/b><\/p>\n

Contact Name:<\/b> Priyeshu Garg<\/span><\/p>\n

Contact Email: priyeshu@routerprotocol.com<\/b><\/p>\n

 <\/p>\n

ROUTER PROTOCOL <\/b>is the source of this content. This Press Release is for informational purposes only. <\/span><\/i>The information does not constitute investment advice or an offer to invest.\u00a0<\/span><\/i><\/p>\n\n\n","protected":false},"excerpt":{"rendered":"

Press Release: Router Protocol announces the launch of its mainnet after a successful strategic funding round raising $4 million.   January 31st, 2022, Singapore – Cross-chain communication infrastructure project, Router Protocol, announces the launch of its mainnet, a few weeks after a successful funding round in which Router raised over $4 million from marquee investors […]<\/p>\n","protected":false},"author":2,"featured_media":21268,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_jf_save_progress":"","_jet_sm_ready_style":"","_jet_sm_style":"","_jet_sm_controls_values":"","_jet_sm_fonts_collection":"","_jet_sm_fonts_links":""},"categories":[1673],"tags":[1902,1903,1718,1901,1904],"yoast_head":"\nRouter Protocol Launches Mainnet Following Successful $4 Million Raise - Bitcoin PR Buzz<\/title>\n<meta name=\"description\" content=\"Bitcoin PR Buzz - Router Protocol Launches Mainnet Following Successful $4 Million Raise\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wire.bitcoinprbuzz.com\/router-protocol-launches-mainnet-following-successful-4-million-raise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Router Protocol Launches Mainnet Following Successful $4 Million Raise - 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