🔀 5 blockchains, 2 bridges, 1 bank account 🔀

The offramping backend process at @Vortex_Fi leverages a journey from @0xPolygon straight to your European bank account in a matter of minutes for minimal fees with minimal clicks.

The busy but speedy journey includes: @0xPolygon, @MoonbeamNetwork, @axelar, @squidrouter, @pendulum_chain, @Polkadot, @StellarOrg and @circle's $EURC provided by @myk0b0!

𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐚𝐛𝐬𝐭𝐫𝐚𝐜𝐭𝐢𝐨𝐧 at its best! Here are the 6 steps:

1️⃣ Start at Polygon: The $USDC flow begins on the Polygon network, a perfect starting place as well known EVM chain with high user adoption.

2️⃣ Transfer through @MoonbeamNetwork via @Axelar: Utilizing the Axelar infrastructure, we route transactions to Moonbeam. @Squidrouter is built on top of Axelar and enhances our capabilities to send funds seamlessly across networks.

3️⃣ Automated Processes on Moonbeam: Once on Moonbeam, everything becomes automated. Our custom “receiver contract” on Moonbeam takes the baton. This smart contract is engineered to take over the moment funds are transferred via Squid.

4️⃣ Swing to Pendulum: Transfer the $USDC to @pendulum_chain, facilitated through XCM, showcasing a powerful use of cross-consensus messaging.

5️⃣ Swap the $USDC to $EURC on Vortex: The $USDC is then swapped for @circle $EURC on the FX optimized Vortex DEX, the offramp of Circle $EURC is provided by @myk0b0 on the @StellarOrg network.

6️⃣ Offramp to your European bank account: Utilize Spacewalk Bridge to transfer the $EURC from Pendulum to Stellar and complete offramp via MYKOBO.

A lot to remember? Dw, users don't need to think about it! All of these steps are automated in the backend.

The user simply clicks to approve a few transactions and watches the EURO fiat currency arrive in their bank account within minutes!

Check out https://t.co/N0oJHReFJy to learn more.