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AGC Explores deBridge for Ethereum Integration Amid Challenges

AGC Explores deBridge for Ethereum Integration Amid Challenges

AGC revises its Ethereum integration strategy, exploring deBridge for a secure, multi-chain solution. Decision expected next week.

Image of Tanishq BodhTanishq BodhNews

Nov 16, 2024

Written By Tanishq Bodh

Author: Tanishq Bodh

Written On: Sat, 16 Nov 2024 08:38:19 GMT

AGC has provided an update regarding its planned Ethereum integration, citing a shift in strategy due to concerns over security and high gas fees. Initially scheduled for earlier this week, the deployment of $AGC on Ethereum was paused after challenges arose with building a custom bridge.

Revised Approach

According to AGC, the decision to pause stemmed from risks associated with developing their own bridging mechanism. High gas costs and potential vulnerabilities led the team to explore alternative solutions.

AGC has now entered discussions with deBridge, a cross-chain interoperability platform. The team stated that deBridge’s established infrastructure could streamline the integration process, potentially connecting AGC to multiple blockchains, including Ethereum, Solana, and Base.

Benefits of deBridge Integration

If adopted, deBridge would allow AGC users to:

  • Access a secure bridge for transferring assets to and from Ethereum.
  • Connect AGC with additional chains for broader interoperability.
  • Facilitate wrapping of popular tokens like USDT, ETH, and SOL onto Argochain.

Next Steps

The AGC team expects to finalize its decision on deBridge integration next week and has assured users of regular updates. For now, they emphasized that security and reliability remain the primary considerations driving the process.

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In this article

Revised Approach

Benefits of deBridge Integration

Next Steps

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