Axelar Integrates with Secured Finance and Squid for Enhanced Cross-Chain Transactions

Axelar, a leading Web3 interoperability ecosystem, has announced its integration with Secured Finance, a DeFi protocol for borrowing and lending digital assets, and Squid, a top cross-chain swap platform. This collaboration aims to significantly enhance omnichain transactions, as reported on Secured Finance’s official X account.

> Secured Finance integrates Axelar and @squidrouter! 🟠 🦾@Secured_Fi is a DeFi platform on @Filecoin with a vision of driving the adoption of USDFC and the FVM.
>
> With smooth omnichain transfers, users will have an enhanced experience, facilitating easy and fast fund movement… link
> — Axelar Network (@axelar) February 18, 2025

Overview of the Integration

Axelar aims to enhance blockchain interoperability through its strategic partnership with Secured Finance and Squid. This integration will significantly improve cross-chain swaps via the Filecoin Virtual Machine (FVM), allowing users to enjoy quicker and smoother fund transactions along with greater liquidity in the ecosystem.

This initiative is timely as it precedes the upcoming release of $USDFC, Filecoin’s stablecoin, set for March, which aims to boost DeFi protocols on the FVM. The integration facilitates seamless digital asset transactions across blockchains, enabling easier fund transitions in and out of the FVM, thereby enhancing network liquidity and activity.

New Swap Widget for $USDFC

Axelar is already recognized for its secure asset bridging across major blockchains such as Avalanche, Cosmos, and Ethereum. The integration with Secured Finance fortifies a secure framework for asset transfers. Furthermore, Squid enhances user experience by providing a consumer-friendly swap widget that quickly converts $USDFC holdings into various digital assets across different chains.

Shawn, the initial developer of the Axelar Network, commented on the integration, acknowledging the rapid evolution of Filecoin’s ecosystem and emphasizing the importance of interoperability. He views the integration as a significant advancement toward easing the bridging process to FVM, enabling users to conduct seamless swaps across chains.

Community Engagement Initiatives by Secured Finance

Axelar states that this partnership simplifies cross-chain asset transfers, promoting growth in DeFi and improving liquidity across multiple blockchain networks. Additionally, Secured Finance will implement a task-based reward program via Galxe to foster community engagement, all in preparation for the mainnet launch of $USDFC, aiming to bolster the advantages of cross-chain transfers while increasing awareness.