Boba Network’s newest ecosystem dApp: Balmy
In a strategic move to enhance the decentralized finance (DeFi) landscape, Balmy, formerly known as Mean Finance, underwent a comprehensive rebranding, introducing a new name and a whole new app that aims to be a decentralized home banking solution. Currently, Balmy supports Boba Network on its Aggregator of Aggregators feature, offering users seamless access to optimized quotes from various DEX aggregators, and the possibility to transfer funds and manage their contacts through a top-in-class UX.
Enhancing Accessibility with Balmy
The integration of Balmy onto Boba Network introduces a range of features aimed at simplifying the DeFi experience for users. Notably, Balmy’s Aggregator of Aggregators capabilities offer real-time rate displays from various decentralized exchange (DEX) aggregators, consolidating information and reducing the need for platform-hopping to find optimal rates.
Simplifying Transactions
Balmy’s universal approval feature streamlines the token approval process across multiple DEX aggregators, significantly reducing user friction. By enabling approval with a single transaction, Balmy enhances efficiency and minimizes the risk of transaction failures through its fault-tolerance mechanism.
Ensuring Accuracy and Security
One of Balmy’s key features is its price guarantee, which verifies swaps across different aggregators to ensure users receive the exact quoted price, thereby mitigating discrepancies and fostering trust in the DeFi ecosystem. Additionally, Balmy’s partnership with Omniscia for smart contract audits underscores its commitment to security and user fund protection.
Leveraging Boba Network’s Infrastructure
As a multichain layer 2 optimistic rollup solution, Boba Network provides an ideal environment for the integration of Balmy across multiple chains. With lightning-fast transactions and significantly reduced fees, Boba Network’s compatibility with Ethereum and BNB amplifies Balmy’s capabilities. Furthermore, Boba Network’s HybridCompute™ technology enables developers to leverage off-chain compute and real-world data, enriching the decentralized application (DApp) experience.
Get Started
- Head to https://app.balmy.xyz/home.
- Connect your wallet and select Boba Network.
- Click on the “Swap” tab.
- Choose your pairs to trade
- Execute trade
- You’re done!
