Router Protocol (ROUTE)

Cross-Chain Asset Swaps

Router Protocol allows users to convert any asset on one blockchain to another asset on a different blockchain. For example, swapping SHIBA on Polygon for CAKE on Binance Smart Chain (BSC).

Transaction Fee Flexibility

Users can pay transaction fees using the source chain’s native gas token, USDC, or Router Protocol’s own tokens ($ROUTE/$DFYN), with discounts available when paying fees in $ROUTE or $DFYN.

Optimal Route Finding

Router Protocol uses a pathfinder algorithm to find the most efficient route for cross-chain swaps, ensuring low execution costs and fast transactions.

Developer Tools

Developers can use Router Protocol’s SDK to build complex cross-chain blockchain applications, enabling interoperability between different blockchains.

Secure and Guaranteed Settlements

Router Protocol ensures no blocking of user funds and guarantees the settlement of all cross-chain transactions.

Mesh Network for Blockchain Connectivity

It builds a mesh network that connects various blockchain networks, enabling secure decentralized communication and interoperability across chains.

Pros of Router Protocol

• Enables cross-chain communication, allowing tokens and data to move between different blockchains.
• Supports interoperability, which helps connect various blockchain ecosystems.
• Designed for scalability, aiming to handle growing network demands efficiently.
• Facilitates decentralized finance (DeFi) and other blockchain applications by linking multiple chains.
• Can improve liquidity and access to assets across different platforms.

Cons of Router Protocol

• Complexity in managing cross-chain interactions can lead to technical challenges.
• Potential for slower transaction speeds compared to single-chain protocols due to cross-chain operations.
• Requires robust security measures to prevent issues like routing loops or inconsistencies.
• May depend on the proper configuration and maintenance to avoid network inefficiencies.
• As a newer technology, it might have less adoption and support compared to established single-chain protocols.

Founders of Router Protocol

The founders of Router Protocol are Chandan Choudhury, Shubham Singh, Ramani Ramachandran, and Priyeshu Garg. Among them, Chandan Choudhury has served as Co-Founder and CEO, and Shubham Singh as Co-Founder and CTO. The team started the project in 2020 with the goal of enabling efficient and cost-effective cross-chain trading, lending, and swapping.

Major Institutional Investors

Router Protocol has raised around $4.1 to $4.58 million from 17 to 28 investors, including well-known names like Coinbase Ventures, Alameda Research, Woodstock Fund, Polygon, QCP Capital, De-Fi Capital, Wintermute, Shima Capital, TeraSurge Capital, Maple Block, and Bison Fund.

Angel Investors

Prominent angel investors include Polygon’s co-founder Sandeep Nailwal, DoorDash’s Gokul Rajaram, and Aave’s Ajit Tripathi.

Additional Backers

The project also received grants from Terraform Labs (Terra) and the Algorand Foundation. Two Silicon Valley veterans, including Coinbase’s current Chief Product Officer and a DoorDash product executive, have joined as investors.

Summary

The investor group is a mix of venture capital firms, crypto-focused funds, angel investors, and experienced tech executives, all supporting Router Protocol’s cross-chain blockchain infrastructure development.

Halal Status of Router Protocol

• Halal or Not: No specific information is available to confirm that Router Protocol is halal.
• Reason: There are no direct references or scholarly reviews regarding the halal compliance of Router Protocol. Unlike some other crypto projects that have been analyzed for Shariah compliance, Router Protocol lacks such evaluation in the provided data.