Lamden continues to enter the mainstream cryptocurrency scene as it solidifies yet another partnership. We are pleased to formally announce our latest early-access partner: Inveth, an exchange for Ethereum forwards.

Like Bounty0x, Inveth will be a part of our Clove Early Access Program. Their involvement in this program will grant them access to use Clove in its alpha phase. Inveth’s implementation will allow us to receive valuable feedback on the Clove protocol and will lead to increased liquidity in our atomic swap market.

What is Inveth?

Inveth is an Ethereum Forwards exchange that will allow for forwards contracts between ERC20 tokens. Traditionally, forwards are customized agreements between two parties to exchange goods at a fixed rate in the future. But in the context of cryptocurrencies, they take on a whole new role.

Businesses that derive utility from coins, as well as traders, often find themselves in a position where trading large quantities of coins drastically affects the rate across various exchanges. In order for someone to manage expenses and/or lock in profits, they can utilize forwards.

Inventh is seeking to provide this option to Ethereum blockchain-based tokens, but now, with Clove they will be able to expand that to include all major cryptocurrencies.

What does their partnership with Lamden mean?

In the case of cryptocurrencies, forwards cannot happen in a straightforward way without a method to exchange the currencies directly. This is where the Clove Early Access Program comes in, allowing Inveth to use our atomic swap protocol to expand their market not only to ERC-20 tokens, but to all major cryptocurrencies. The use of the Clove protocol by Inveth will allow us to observe one of our main developer tools in practical use, and it will show the world what Lamden’s developer suite can do.

Learn More about Inveth

Check out the website

Read their white paper

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