Portals API partners with ShapeShift to launch "Shifts" feature, making DeFi more accessible.

From Investing.com

August 19, 2024 11:30:36 AM:

Portals partners with ShapeShift to launch “Shifts,” a one-click DeFi strategy feature. The integration offers seamless movement between assets on the multichain platform. Users can easily transition between EVM-compatible assets and DeFi positions in a single transaction, simplifying complex processes. Gas savings, slippage protection, and increased accessibility are key benefits of the collaboration.

Portals’ technology streamlines DeFi interactions on ShapeShift, simplifying complex processes with a user-friendly API. The “Shifts” feature allows for one-click functionality and supports multiple EVM-compatible chains. This integration marks a significant milestone in Portals’ mission to simplify blockchain interactions and make DeFi more accessible to users.

ShapeShift’s collaboration with Portals introduces the “Shifts” feature, enhancing DeFi accessibility for users. The integration leverages Portals’ swap and zap technology to enable seamless, one-click interactions. By removing the complexities associated with decentralized finance, ShapeShift aims to empower users to navigate the multichain world with confidence through their web and mobile app.

Portals’ API integration with ShapeShift is expected to drive greater adoption of DeFi strategies among users. The collaboration enables easier interaction with various DeFi protocols, such as yield aggregators, lending platforms, and liquid staking derivatives. The “Shifts” feature is now available to all ShapeShift users, providing a streamlined and innovative DeFi experience.

Read more at Investing.com: Portals API Powers ShapeShift’s New “Shifts” Feature, Lowering DeFi Access Barrier By Chainwire