Cross-chain interoperability development (Rango API development)

Protocol Development
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Rango Pitch:
Rango is a bridge and DEX aggregator. With our API, Compound will have native cross-chain interoperability which we believe is a must-have in the DeFi world. Rango provides Basic and Multi-step API. The Basic API is an easy-to-implement solution. Alternatively, our Multi-step API enables a fee sharing model that can be tailored to Compound.

Rango facilitates transactions across +40 blockchains including all the EVMs, Solana, Fantom, Avalanche, Cosmos, Osmosis and etc.
We have integrated some of the biggest names in the bridging space, including Multichain, Hop, cBridge, ThorChain, Wormhole, Across and Stargate.
Furthermore, our smart contracts feature DEX integrations with 1inch, Uniswap, SushiSwap, ParaSwap, OpenOcean, DODO, 0x, JunoSwap, PancakeSwap, SpookySwap, and ViperSwap.

Rango has successfully exchanged more than 2B$ since Aug 2021, audited by Slowmist and backed by significant ecosystem investors including D1 Ventures, 9Realms, Multichain, Celer, ANKR and etc.

Once our API is integrated, Compound will never have to worry about adding more bridges or DEXs – Rango developers will handle that.

Proposal:
We propose that Compound integrate the Rango any-2-any swap API to enable users to swap any token they want, from any network.

This will help unlock the full potential of Compound for one main reason:
Enhanced cross-chain interoperability, higher user engagement, higher circulating volume, and more revenue all contribute to better user experience generating more revenue.

By providing hands-on development for Compound, Rango strives to ease the integration process for imToken with our API. Rango will help make this integration happen at no cost to the Compound community.

It is a win-win. Rango gets to partner with the premier web3 DeFi product, while Compound’s true potential is unlocked.

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Hi Alex, thanks for sharing info about the Rango API. Could you elaborate on your vision for what a Rango API-integrated Compound would look like? It’s not immediately clear to me how this would be useful for the users or developers of a suite of money market protocols like Compound. Do you see some service built on the API as one of the Compound Extensions? It’s worth noting in this context that V3 of Compound does not use the cToken model of Compound V2.

Compound is currently running a Grants Program, CGP 2.0 that may be able to support the API integration if you can show how it would add value within one of the four grant program domains. Applications are open at questbook.app if you would like to submit a proposal, though I would suggest the questions above be addressed before doing so.

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