Hassan Maishera
On Friday, the Wormhole team announced via a blog post that Yei Finance has integrated Wormhole’s Native Token Transfers (NTT) to bring its liquidity abstraction token, CLO, from its native home on Sei to BNB Chain.
Clovis by Yei Finance introduces a clearing and settlement layer designed to solve DeFi's liquidity fragmentation. By leveraging Wormhole's NTT standard, Yei Finance ensures that Clovis exists as a single, native asset across all supported chains, starting with Sei and BNB Chain.
This approach prevents the risks and user friction associated with wrapped tokens, which is essential for a protocol designed for seamless lending and trading.
Wormhole is a leading interoperability platform powering multichain applications and bridges at scale. Wormhole’s modular suite of open-source, permissionless protocols and tools is being used by multichain builders to create some of the most popular web3 applications. W is trading at $0.07676, up 5.2% in the last 24 hours.
