🌊The Nile

Introducing The Nile

An inconvenient aspect of DeFi is the process of acquiring necessary assets in order to enter positions within DeFi projects. Often, users must purchase Ethereum or other assets such as stablecoins in order to swap for project tokens. This not only can be confusing and time consuming, but also can require additional fees associated with purchasing temporary assets to eventually acquire desired assets. To counter this bothersome process, We are happy to introduce The Nile: an integration of Squid Router powered by Axelar, and Ondefy powered by Transak’s services to the Shezmu Ecosystem. Shezmu's Nile integration solves the exact problem mentioned. Users will now be able to seamlessly enter the Shezmu ecosystem without off-chain side steps involved. It is now as simple connecting a DeFi wallet or email to the nile, selecting the currency to be used, and entering your information to purchase Shezmu.

In a similar processes, the Nile can also be used to acquire Shezmu when users hold cryptocurrencies on other chains. This can be done for most EVMs and currencies on those EVMs, allowing for increased interoperability between blockchains. In order to do this, users must first connect their DeFi wallet to the Nile, select which chain and currency to swap from, and then select ETH and Shezmu to swap into. This streamlines both the bridging and swapping processes, allowing for a simplified user experience.