The Portals API any-to-any Asset Swap & Zap integration brings One-Click DeFi strategies to ShapeShift's multichain platform.
We’re excited to announce that ShapeShift, the multichain DeFi platform and wallet, has integrated the Portals API, using it to power their new ‘Shifts’ feature. Through the ‘Shifts’ feature users are able to transition seamlessly from any EVM-compatible asset directly into a DeFi position, or move between different positions, all within a single transaction. The 'Shift' feature makes DeFi much more approachable for both seasoned crypto users and those new to the space. This integration follows ShapeShift's integration of the Portals Data API, utilized extensively within its app.
Decentralized finance offers diverse opportunities, but its complexity often acts as a barrier to entry: moving between different assets and DeFi positions requires multiple, confusing transactions. The Portals API and its any-to-any asset swap & zap integration eliminates this complexity, enabling ShapeShift users to execute sophisticated DeFi strategies with unprecedented simplicity.
"We are excited to see our technology power ShapeShift's ‘Shifts’ feature," said Suhail Gangji, Co-founder of Portals. "This integration exemplifies the power of our swap and zap solution in simplifying DeFi interactions. By abstracting complex processes into a user-friendly API, we're enabling platforms like ShapeShift to offer a truly next-level DeFi experience."
This integration of the Portals API exemplifies the transformative potential of Portals technology.
ShapeShift users now benefit from:
This streamlined approach not only enhances user experience but also offers tangible benefits such as gas savings and robust slippage protection. By abstracting away the complexities of DeFi interactions, Portals and ShapeShift are effectively lowering the barrier to entry for a broader range of crypto enthusiasts.
"We’re thrilled to partner with Portals in launching ShapeShift’s ‘Shifts’ feature, which represents a significant leap forward in making DeFi more accessible and intuitive for our users. By integrating Portals’ advanced swap and zap technology, we’re enabling seamless, one-click DeFi interactions that remove the complexities traditionally associated with decentralized finance," said Hpayne, the Marketing and Protocol Relations Workstream lead at ShapeShift. "This collaboration aligns perfectly with our mission to empower users to navigate the multichain world with ease and confidence."
The integration of the Portals API is expected to drive greater adoption of DeFi strategies among ShapeShift’s user base, facilitating easier interaction with various DeFi protocols, including yield aggregators, lending platforms, liquid staking derivatives, and more.
If you want to give the ‘Shifts’ feature a try: it’s now available to all ShapeShift users through their web and mobile app.
Looking to supercharge your DeFi or Web3 project with Portals technology yourself? Browse the Portals.fi website for low-code tools & APIs to elevate your DeFi experience!
