Decentralised finance developers continue to look for ways to move assets between blockchains without relying on bridges, which have long been criticised as a weak point in the crypto ecosystem. The Menese Protocol is positioning its Horus Exchange as an alternative, promoting direct smart contract to smart contract transactions powered by Internet Computer chain key cryptography.
According to the project team, the model removes the need for wrapped tokens and external bridges, both of which have been linked to security incidents across DeFi over the past few years. By keeping execution fully on chain, the protocol aims to reduce reliance on third party infrastructure and minimise custody risks.
The platform currently supports trading pairs that include ICP to USDC and ICP to ETH, with developers saying the transactions can complete in under 30 seconds with minimal price impact. Cross chain liquidity pools are being added regularly as the system expands.
Additional trading pairs are also being prepared. The team says an ETH to SOL pool is on the way, while XRP to ICP swaps are planned as part of a broader effort to widen network coverage. Menese claims its architecture is designed to support more than 50 chains, including Ethereum, Solana, XRP, Cardano and Sui.
The protocol also plans to introduce lending features tied to its native token, MENES. Users who stake the token will be able to borrow against their position directly on chain, which the developers say allows participants to access liquidity without selling their holdings.
Questions from users have focused on the cost of trading on Ethereum’s main network, where transaction fees can fluctuate widely. In response, the team said support for Layer 2 networks such as Arbitrum, Polygon and Base is largely a user experience update and could arrive soon, as the underlying transaction flow is already compatible.
The project is also working on formal corporate registration and intellectual property filings, according to its developers. Liquidity for the MENES token is expected to appear first on the protocol’s own platform, with plans to connect to external data terminals in the coming days so trading activity can be tracked more widely.
As with many emerging DeFi projects, adoption will depend on how well the system performs under real trading conditions and whether users are comfortable moving assets through a new architecture. Developers argue that removing bridges and custodial wrappers addresses long standing concerns in cross chain finance, though the model will need broader usage before its claims can be fully assessed.
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