Minimax Finance integrates Fantom as its seventh blockchain

Fantom, a DAG (Directed Acyclic Graph) smart contract platform that offers decentralized finance (DeFi) services to developers, recently announced a new partnership with Minimax Finance. According to Minimax, there are a number of benefits that the Fantom network can bring to its projects, such as great speed, security and transparency that Minimax’s users are already benefiting from. However, this is just the beginning for the project, which seeks to expand even further and integrate even more blockchains.

What is Minimax Finance?

Minimax Finance is a decentralized protocol that aggregates return opportunities from third-party DeFi apps, and so far it has already integrated more than 500 vaults on seven different blockchains, with Fantom being the latest. In addition to aggregation, the project also offers a number of useful tools to reduce risk for users and allow them to manage DeFi investments more efficiently.

Apart from that, the project also integrates a number of services, such as lending, staking and breeding, as well as stop-loss and take-profit for these services. The project stands out from other aggregators because it is about more than just aggregation. It is focused on creating a multi-functional platform to simplify the lending, yield farming and investment processes and make it more profitable and less time-consuming for users.

Why did Minimax Finance choose Fantom?

With Fantom as one of the leading projects in terms of performance and popularity, Minimax has always been aware of its existence and the benefits it can provide. These benefits include several things, including EVM compatibility that makes it easy to deploy dApps, and compatibility with Chainlink and Gelato networks, with which Minimax has already established technical integrations. Finally, Fantom also stands out thanks to its low gas taxes, which make the assets an attractive option for investors.

Minimax Finance further noted that the integration with Fantom has been extremely smooth and straightforward, and that developers have little trouble when it comes to supporting the Fantom blockchain in their multichain dApps. Pretty much all processes involving communication with Fantom RPC nodes were also very simple and straightforward, so the project had no problems reporting.

It noted that there is a slight difference when comparing Fantom to other chains, and that lies in different gas limits and prices, which required some additional adjustments, but nothing else.

Finally, the project noted that the experience with Fantom has been excellent so far, and that users greatly appreciate the project’s features and benefits. Going forward, Minimax will seek out more blockchains and platforms, which will also open up new opportunities for Fantom and their other cooperating blockchains.

To learn more about Solana, visit our Investing in Fantom guide.