Layer2 cross-chain transfer project LayerSwap launched the Immutable Core SDK

On February 16, the Layer2 cross-chain transfer project LayerSwap launched the Immovable Core SDK, which supports users to send ETH, IMX, and USDC to the Immovable platform from the centralized exchange.

Interpretation of this information:

The Layer2 cross-chain transfer project LayerSwap has released the Immovable Core SDK on February 16. This SDK will enable users to send Ethereum (ETH), LayerSwap’s native token IMX, and the stablecoin USD Coin (USDC) to the Immovable platform from centralized exchanges. This is significant because, traditionally, sending tokens across different blockchains or platforms is a complicated process that involves opening multiple wallets and undergoing KYC procedures on each platform, leading to delays and high fees. However, with the release of the Immovable Core SDK, these issues may soon become a thing of the past.

The Immovable Core SDK makes it possible for users to transfer their tokens wrapped in a Layer 2 (L2) smart contract on the Ethereum blockchain to the Immovable platform, which is a decentralized protocol for investing in long-term rental properties. The L2 smart contract allows users to move their tokens across different blockchains or platforms quickly and efficiently. By using LayerSwap’s cross-chain transfer protocol, users can easily transfer tokens between L2 networks and other blockchain networks, avoiding congestion and high fees on the Ethereum network.

This is an important development for LayerSwap, as it is the first cross-chain development released by the platform since its launch. It indicates the capacity of LayerSwap to innovate and provide more solutions for its users in the world of decentralized finance (DeFi). The Immovable Core SDK will make the transfer of tokens within the LayerSwap ecosystem more streamlined, which could lead to an increase in demand for its platform.

In addition, the decision to support USDC will make it easier for users to invest in Immovable properties. USDC is a stablecoin that is pegged to the United States dollar, which means its value remains relatively stable. This makes it ideal for investors who want to invest in real estate assets without the volatility associated with cryptocurrencies. By allowing USDC to be sent to the Immovable platform, LayerSwap may attract more users who are comfortable using stablecoins.

In summary, LayerSwap’s release of the Immovable Core SDK is a significant development in the world of cross-chain transfers. Not only will it make the transfer of tokens more efficient, but it also has the potential to increase demand for LayerSwap’s platform. By enabling the transfer of stablecoins like USDC to the Immovable platform, LayerSwap may attract more investors who are hesitant to invest in cryptocurrencies with high volatility.