Crypto toolkit startup LI.FI is launching LI.FI Composer, which automates complex transactions, The Block reported on Feb. 17.
LI.FI Composer is designed to combine various crypto transactions such as swaps, bridging, deposits and staking and process them as a single transaction.
Philipp Zentner (필리프 젠트너), LI.FI's CEO, said, "The ability to manage interdependent transactions as one flow will fundamentally change how DeFi is operated." He added, "Users can automate transactions without having to check each individual step, maximising innovation and productivity."
LI.FI is a decentralised, open-source financial protocol that connects liquidity between DeFi infrastructure and end-user applications. The Composer tool focuses on simplifying complex crypto transaction processes, reducing the probability of failure and ensuring predictable outcomes.
LI.FI is pursuing a strategy this year to simplify self-custody transactions for 800 partners. In December last year, it raised an additional $29 million in a Series A round, bringing total funding to $51.7 million.
Chi-gyu Hwang
delight@d-today.co.kr