Use case
Access Algorand DeFi from anywhere
The problem
Holders on Ethereum, Base, or Solana can't access Algorand DeFi - Tinyman, Folks Finance, AlgoFi - without bridging through opaque, slow, expensive intermediaries.
The solution
Swap ckETH → ckALGO via the simplified-bridge canister. All ckALGO is backed 1:1 by native ALGO held in threshold-signed custody, with ICRC-3 transaction log providing on-chain audit.
How it works
01
Deposit ckETH
Lock ckETH in Sippar custody subaccount.
02
Receive ckALGO
Backed 1:1, exchange rate from ICP XRC.
03
Use Algorand DeFi
Tinyman, Folks Finance, Pact, all reachable.
Proof
simplified-bridge canister · hldvt-2yaaa-aaaak-qulxa-cai