The integration of Bloom Wallet and Deepr Finance will revolutionize DeFi

• Deepr Finance has integrated Bloom Wallet to provide seamless asset management and streamlined processes, including lending and borrowing.
• The integration will also provide users with a smoother, more intuitive interface that leverages the best of both platforms.

Decentralized lending platform Deepr Finance announced the integration of Bloom Wallet to revolutionize DeFi in the IOTA ecosystem.

Deeper released its testnet release early last year on Shimmer and has seen rapid growth since. Bloom, on the other hand, is an ecosystem that offers users a one-stop shop for crypto, NFTs, Web3, DeFi and more. It supports IOTA and Shimmer and plans to integrate Ethereum and Bitcoin in the near future.

The two are now joining forces, as revealed in a recent announcement.

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Deepr describes the partnership as a turning point that will “revolutionize the way you engage with DeFi.”

With Bloom, Deepr will now offer transparent asset management, allowing users to directly interact with and manage their tokens through the wallet. This will streamline Deepr’s borrowing and lending processes, making it easy for beginners to get started with DeFi.

Bloom has always prioritized user experience. This will prove useful in onboarding, with Deepr committed to leveraging Bloom’s expertise to redefine its user experience.

He declared:

Enjoy a smoother, more intuitive interface that combines the best of both platforms, making DeFi more accessible and enjoyable.

Another benefit of integration is cross-platform synergies. Both will leverage their respective strengths “to optimize your DeFi strategies and maximize your returns.”

This integration illustrates the synergy in the DeFi space, aiming to deliver the ultimate user experience.

Bloom also recently announcement his integration into the Rusty Robot Country Club.

IOTA continues to grow

The Deepr Finance-Bloom partnership is the latest manifestation of the continued growth of the IOTA ecosystem. Just recently, LunarStorm announced the launch of LunarChain, its foray into decentralized gaming powered by IOTA, as Crypto News Flash reported.

IOTA has also made great strides in other applications, notably with the tokenization of real-world assets. This week, the IOTA Foundation was one of the official strategic partners of the AIM Congress, the most important investment conference in the Middle East. Founder Dominik Schiener was among the speakers and he explained how tokenization can unlock new values ​​and opportunities.

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Growth is expected to accelerate when IOTA 2.0 launches later this year. Like Crypto News Flash reported, experts predict the testnet is on the horizon. IOTAcore, the node software that underpins the protocol, is apparently already ready, and developers are expected to release it to the testnet soon.

Other aspects of the upgrade, including wallets, token protocols, and layer 2s, are in the final stages of development. Firefly, for example, has fixed over 95% of the issues raised and should be ready for the upgrade by the end of the month.

Meanwhile, IOTA is trading at $0.219, trading sideways over the past day and gaining slightly over the past week.

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