Blockchain-agnostic ecosystem Waves today announced that it has partnered with Fantom to building an open cross-chain DeFi ecosystem, based on the Gravity cross-chain communication protocol, which is essential to the DeFi industry’s wider success.

As part of the partnership, WAVES, the native utility token of the Waves ecosystem, will join Fantom’s DeFi ecosystem as collateral for minting synthetic assets, including fUSD(Fantom’s stablecoin pegged to the US dollar).

By Mary Liu