Calgary, Canada, August 19th, 2024, Chainwire
Portals, a leading provider of low-code decentralized finance (DeFi) integration solutions, has announced a groundbreaking collaboration with ShapeShift, the multichain DeFi platform and wallet. This partnership introduces “Shifts,” a new feature that will simplify DeFi strategies with just one click, making decentralized finance more accessible to all users.
Decentralized finance offers a plethora of opportunities, but its complexity can be overwhelming for many. By leveraging Portals’ any-to-any asset swap and zap integration, ShapeShift users can now execute sophisticated DeFi strategies with unprecedented ease. With the “Shifts” feature, users can seamlessly transition between different assets and DeFi positions within a single transaction, eliminating the need for multiple confusing steps.
“We are thrilled to see our technology power ShapeShift’s ‘Shifts’ feature,” said Suhail Gangji, Co-founder of Portals. “This integration showcases the power of our swap and zap solution in simplifying DeFi interactions. By abstracting complex processes into a user-friendly API, we’re enabling platforms like ShapeShift to offer a truly next-level DeFi experience.”
Key benefits of Portals’ integration with ShapeShift include:
- One-click functionality for complex DeFi operations
- Support for multiple EVM-compatible chains including Ethereum, Polygon, BSC, Optimism, Base, and Arbitrum
- Streamlined, one-click user experience for DeFi strategies
- Increased accessibility and easier onboarding for a broader range of crypto users
- Gas savings and robust price impact & slippage protection
The launch of “Shifts” on ShapeShift marks a significant milestone in Portals’ mission to simplify blockchain interactions and make DeFi more accessible. This integration is part of ShapeShift’s strategy to empower users to navigate the multichain world with confidence, in collaboration with other top DeFi projects like Yearn, Lido, and Ethena.
“We’re thrilled to partner with Portals in launching ShapeShift’s ‘Shifts’ feature, which represents a significant leap forward in making DeFi more accessible and intuitive for our users,” said Hpayne, the Marketing and Protocol Relations Workstream lead at ShapeShift. “By integrating Portals’ advanced swap and zap technology, we’re enabling seamless, one-click DeFi interactions that remove the complexities traditionally associated with decentralized finance. This collaboration aligns perfectly with our mission to empower users to navigate the multichain world with ease and confidence.”
The integration of Portals’ API is expected to drive greater adoption of DeFi strategies among ShapeShift’s user base, facilitating easier interaction with various DeFi protocols, including yield aggregators, lending platforms, liquid staking derivatives, and more.
ShapeShift’s “Shifts” feature is now available to all ShapeShift users through their web and mobile app.
For more information about Portals and its DeFi integration solutions, users can visit Portals.Fi.
About Portals
Portals provides a comprehensive low-code DeFi integration solution, featuring a Swap & Zap API that enables complex multi-chain transactions and a Data API that offers real-time and historical DeFi asset information. Supporting over 200 protocols across multiple EVM-compatible chains, Portals simplifies DeFi operations for developers and users alike, offering features like one-click functionality, robust slippage protection, and extensive asset coverage.
About ShapeShift
ShapeShift, founded in 2014, is a leading DeFi platform that provides a seamless, secure interface for trading and managing digital assets across multiple blockchains. Powered by THORChain and other leading DEX’s such as CoW Protocol, LiFi, and others, ShapeShift offers users an optimal aggregated DeFi experience with features like zero-interest lending, non-custodial trading, LPing, and streaming swaps on top of an easy-to-use portfolio interface. ShapeShift is dedicated to empowering users to maintain full control over their crypto assets while navigating the rapidly evolving multichain landscape.
ContactCo-FounderSuhail GangjiPortalshello@portals.fi