Okto declared that AggLayer, a cross-chain settlement system created in partnership with Polygon Labs, will now be supported by its Okto Wallet.
The collaboration made public at the Aggregation Summit intends to make decentralized finance more approachable for non-technical people by streamlining their interactions with various blockchain networks.
One of DeFi’s primary issues, chain interoperability, is resolved by the AggLayer solution, which enables blockchain networks to interact and communicate.
Okto Wallet’s integration with AggLayer will allow users to transact across several blockchain networks using a single interface.
This streamlines the user experience by removing the need to navigate each blockchain independently.
Chain Abstraction Stack
Okto is also launching a Chain Abstraction Stack, which consists of the Okto App Chain, a blockchain solution that can be customized using Polygon’s Chain Development Kit.
With the aid of this stack, developers may produce decentralized apps without needing to be very knowledgeable about blockchain.
Okto hopes to grow the DeFi ecosystem and possibly reach more people by offering tools that make blockchain complexity easier to understand.
In order to facilitate smooth user interactions with DeFi, Okto’s integration with AggLayer is a step toward “chain abstraction,” which involves hiding the technological distinctions across blockchains.
Through this partnership, millions may have greater access to decentralized banking, paving the way for a more connected blockchain environment.
