Summary

Kromatika Finance should integrate the LI.FI widget or SDK to help drive more volume to its Polygon, Arbitrum, and Optimism deployments.

Abstract (WHAT)

LI.FI is a bridge and DEX aggregator supporting 18 chains, 12 bridges, and 25 DEXs. LI.FI helps dApps and users explore the EVM-compatible ecosystem by distilling the complex combination of bridges and DEXs necessary to move liquidity into a single bridging solution.

Our easy-to-use widget and SDK allow developers to easily integrate cross-chain capabilities into any existing product. With that, users can move and swap assets without having to choose the right bridge or worry about available liquidity.

Examples of existing integrations are MetaMask, DeFi Saver, Perpetual Protocol, BlockWallet, Superfluid, Alchemix, SpiritSwap, among others.

Motivation (WHY)

More Assets for Users By integrating LI.FI, Kromatika can allow users to easily move assets between supported chains. Furthermore, LI.FI would give Kromatika users a way to onboard funds to Ethereum, Polygon, Optimism, and Arbitrum from one of the other 14 chains LI.FI supports.

Monetization

--> As an integrator, Kromatika can monetize LI.FI and collect fees from our Widget/SDK/API integration. --> When calling our SDK/API to request quotes for a transaction, Kromatika can pass a fee parameter specifying the percentage fee you'd be taking from the requested transaction. That fee would then be split 85/15 between Kromatika and LI.FI

Ease of Integration and OP Grant

--> The LI.FI widget can be instituted in less than an hour --> The LI.FI SDK may take longer (1 week) but offers more flexibility from a UI perspective LI.FI is also offering an OP grant for teams integrating our technology on Optimism. Based on Kromatika’s TVL, this would be 2,500 $OP, which would more than cover development costs for implementing the widget.

Specification (HOW)

Kromatika should host the LI.FI widget or SDK in a “bridge” tab on the Kromatika website.

Two examples of how this might look include: --> Iron Bank (widget): https://app.ib.xyz/bridge --> DeFi Saver (SDK): https://app.defisaver.com/bridge

For implementation details, Kromatika may find detailed instructions inside our documentation: --> https://docs.li.fi/

Other Links: --> Website: https://li.fi/ --> Twitter: https://twitter.com/lifiprotocol --> Frontend: https://transferto.xyz/