An Introduction to Rubic: The One Step Decentralized Trading Platform
On the 15th of February, NEAR Protocol was successfully integrated into Rubic, the multi-chain swap protocol that allows trading and cross-chain swapping in one place. Following the announcement of this integration, 4NTS took the time to draft a short but informative introduction to Rubic outlining its mission, vision, and the benefits it will bring to the NEAR community.
Rubic: A Multi-Chain and Multi-Purpose DeFi Platform
Rubic is a multichain DeFi ecosystem, which features multi-chain swaps, on-chain swaps and more. What Rubic offers to its users is to access all the functionalities they need in just one place, opening up DeFi for a wider range of businesses.
“Fast, Best-Value, Low-Fee asset exchange across all major blockchain networks. That would be the elevator pitch. A more apt description would be that Rubic’s main value proposition lies in its ability to seamlessly swap one asset for another, operating in the background of any app, dapp, website or wallet. Rubic’s Multi-Chain Protocol (MCP) is designed to offer businesses the tools to facilitate a multi-chain economy and future. Rubic’s SDK will enable widespread adoption of our MCP into a number of existing apps, websites and crypto wallets. Our MCP charges a small fee each time it is used, and the future of the blockchain industry will feature Trillions of dollars in cross-chain swaps every year.”
-Collin, Rubic Marketing Team
With Rubic, users will be able to complete multi-chain swaps using different solutions, thus accessing the best rates from all the leading swap protocols (thanks to a DEX aggregator implementation), as well as our unique multi-chain feature which gives the opportunity to swap all supported tokens with a simple click. On top of that, Rubic also provides services for other projects, such as the creation of custom bridges and integr of Rubic Relay widget, which allows users to complete trades directly at service website using Rubic.
What can users do on Rubic?
- Rubic organizes DeFi services so that the project can create, manage, and trade tokens in a decentralized way in one place.
- Rubic is a decentralized p2p platform. Rubic helps users to make deals on their terms, share, and generate income.
- Rubic’s goal is to add multi-chain p2p deals to existing services and develop other products such as liquidity pools. And make them simple and convenient
- In addition, Rubic is already operational and available to users, while competitive platforms have at best an MVP version of their platform.
Rubic’s main mission is simple — to bring DeFi to the next level by creating tools that will foster crypto adoption and help bringing forth a multi-chain future:
“The vision and mission of Rubic is to become a major player in the widespread adoption of cryptocurrency and to facilitate a multi-chain future where blockchains are not agnostic, but complimentary, with the seamless transfer of value between any and all networks. We believe that with our Multi-Chain Protocol, we will be able to usher in a whole new world for crypto users — a world where your cryptocurrency has value, regardless of what network it’s located on — a world where you can pay for features in an Dapp on one blockchain network using a token from a completely different blockchain network.”
-Collin, Rubic Marketing Team
NEAR’s integration with Rubic is a big step for these two protocols. This cooperation will allow Rubic to realize their vision of a multi-chain world and to expand their reach into a thriving community, while offering great services and benefits to the NEAR ecosystem.
Bringing Value to The NEAR Ecosystem
There are many reasons to be excited about NEAR Protocol’s integration with Rubic. Rubic merges 11 blockchain networks into one ecosystem that houses over 15,000 different cryptocurrencies. Any token in the ecosystem can be swapped against any other token quickly, and inexpensively. Importantly Rubic allows to move value between blockchain networks without ever having to deal with technical complications.
“NEAR community members should be excited about the prospect of Rubic bringing new users into their blockchain network of choice. When NEAR members are able to swap their tokens to and from the NEAR Protocol with ease, they will be able to understand the importance and significance of a multi-chain future, and taking into consideration what Rubic is accomplishing, they can position themselves to take advantage of it.”
-Collin, Rubic Marketing Team
With its seamless and user-friendly experience Rubic brings crypto one step closer to the average user, marking a turning point in the evolution of DeFi.
About Rubic
https://rubic.exchange and https://app.rubic.exchange
Rubic is the Multi-Chain Swap Protocol which allows you to swap any of our 15,000+ assets, on and between 11 blockchains, in one click. Rubic’s Multi-Chain Routing Protocol includes On-Chain & Multi-Chain swaps for Ethereum, BSC, Polygon, Avalanche, Moonriver, Fantom, Harmony, Solana, Arbitrum, Aurora, and NEAR with seamless fiat on-ramps and more!
Rubic’s aim is to deliver a complete “One-Stop, Full-Circle’’ decentralized trading platform. Rubic.exchange is the place where users can complete Multi-Chain swaps using an intuitive solution, to get the best rates from all leading trading protocols.
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About NEAR Protocol
NEAR is eliminating the barriers to Web 3 adoption. With high speeds, low fees, and progressive UX, NEAR’s climate-neutral blockchain is ready for explosive growth. NEAR runs in concert with Ethereum, Polkadot, Cosmos, and more, allowing for the free flow of assets and communication between networks for the betterment of all.
LaDevochka is a writer for 4NTS Guild. You can check out their Medium for more content or follow them on Twitter.
