Nitro’s Next Big Leap: Fueling Cross-Chain Growth with Nitro Farms

Router Protocol
3 min readSep 26, 2024

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We’re excited to announce the next phase of our cross-chain bridge, Router Nitro: Nitro Farms for USDC, USDT, ETH, and wBTC on Router Hub.

https://hub.routerprotocol.com/farms/nitrofarms

Since we launched Nitro back in January 2024, it has processed over 1.3 million transactions and exceeded one billion dollars in volume, ALREADY!

With Nitro’s slick UI, seamless UX, and god-tier speed and pricing–we’re building, and the community has responded with incredible support.

Let’s start!

Nitro Farms: Reaching New Chains and New Gains

Nitro is already seamlessly connecting more than 30 EVM and non-EVM chains. But we have a bigger vision. We are tapping into more EVMs and importantly, non-EVM chains like Solana and Sui soon.

We see Nitro becoming the ultimate bridge where all chains come together, providing users with a seamless, intuitive experience, no matter what assets they’re moving.

To achieve this, we’re rolling out Nitro Farms — a powerful initiative to fuel Nitro’s growth by providing liquidity on the hub.

This means going far beyond what we’ve achieved so far.

We’re also committed to using 100% of the net revenue from Nitro transactions to buy back and burn $ROUTE.

We’re talking bigger transactions, better pricing, and an even more efficient cross-chain experience.

All farms will go live on 26th September, and we couldn’t be more pumped to share this moment with you. The supported chain for providing liquidity is Ethereum.

Here’s how it all comes together:

Breaking the $5K Cap

Currently, Nitro transactions are capped at $5,000. Time to break.

Increased liquidity means we can support much larger transactions, allowing you to move significant assets without a hitch. It’s a big step forward that opens the door for everyone — from apes to whales.

Enhanced Rebalancing

More liquidity also means a more efficient system overall. With Nitro Farms, our rebalancing across chains will become even smoother and more effective. And we’re growing.

This means less slippage, faster transactions, and a better experience for everyone using Nitro.

Numbers

Nitro Farms offer a competitive APR for liquidity providers, distributing 15,000 $ROUTE V2 as daily rewards!

$ROUTE V2 Daily Rewards Distribution

Below is the breakdown of daily $ROUTE V2 rewards for ETH, USDC, USDT and wBTC Farms:

72-Hour Withdrawal Period

To maintain the stability and efficiency of Nitro Farms, we’re implementing a 72-hour withdrawal period. This means if a liquidity provider wants to withdraw their liquidity, they will get it after 72 hours.

This is essential to ensure a smooth rebalancing process across chains, preventing any disruptions that could affect the overall user experience.

Conclusion

The support we’ve received from our community has been incredible, and it’s a big part of why we’ve come so far.

Whether you’re a user looking for the best way to move assets or a liquidity provider looking for a new opportunity, Nitro has something for you.

We want to make cross-chain interactions as simple and intuitive as sending a message.

Let’s blow the roof off!

LFG!

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Router Protocol

Router Protocol is a secure, composable, and modular framework for building interoperable applications. More at https://routerprotocol.com