Project Spotlight: @LayerZero_Labs
LayerZero is opening up the door for a seamless multi-chain world where users can transfer assets from one blockchain to another w/o worrying about bridges, wrappers, and middleware that make the experience unappealing
Thread 🧵
$STG
1/ It's indisputable that the blockchain industry will consist of many different blockchain networks communicating with each other.
There are many bridges trying to facilitate this functionality, however, it's presently a mess 💩
👇
2/ The current way of bridging assets:
- Takes time
- Bridged version of the asset may not be compatible
- Multiple Clicks and interfaces required
- Need the destination chain's native coin to pay fees
What if we could instantly swap native assets between chains with low fees?
3/ That's exactly what LayerZero enables
- Instant swapping
- Native assets, so no need to worry about compatibility
- Single Click cross-chain swap
- Fees paid from the source chain
4/ LayerZero can be considered as the underlying tech upon which other applications can be built.
The first one is @StargateFinance $STG, a cross-chain stablecoin DEX, which was released a few weeks ago.
It has amassed a massive TVL of $3.4b in such a short span 🤯
5/ It has raised $135 Million at a $1 Billion valuation from the biggest VCs in the game– Sequoia, a16z, FTX, and more 💰.
Even @jtimberlake invested 😅
6/ Now that you have a basic understanding of LayerZero and what it's trying to achieve, we'll point you to some well-written threads by fellow Threadooors and Giga 🧠.
We'll keep this thread updated as more developments take place.
So make sure to follow and bookmark 🧵
👇
7/ The importance of the seamless UX LayerZero enables
by @crycket_crypto
8/ @0xMaki (co-founder of @SushiSwap and also part of LayerZero) thread 🧵 on @LayerZero_Labs
9/ @Delphi_Digital podcast with @LayerZero_Labs
10/ @PrimordialAA(co-founder of @LayerZero_Labs) thread 🧵 on @StargateFinance $STG
11/ @SushiSwap integration with @StargateFinance soon
$STG $SUSHI
12/ $STG token launch went terribly wrong and all the launch tokens were bought up by Alameda.
Said they don't intend to sell any tokens for at least 3 years
13/ @LayerZero_Labs vs @chainlink
by @Pickle_cRypto and @alpha_pls 🧠
#CCIP $STG $LINK
14/ @StargateFinance vs @THORChain
$RUNE $STG
15/ @renprotocol vs @StargateFinance
by @koruna911
$REN $STG
16/ A slight technical 🧵 about @LayerZero_Labs by @NicoDeva_
17/ $STG tokenomics
by @kamikaz_ETH
18/ Liquidity Providers or LPs can stake their assets in a single-sided pool with no Impermanent Loss(A loss occurred when user LPs)
20/ Is @LayerZero_Labs really decentralized?
by @trayvox
If you have found this thread 🧵 helpful, please consider liking and sharing it, and do give us a follow, it really helps us out!
We at @sahicoin strive to provide Simple and Honest Information for crypto enthusiasts 💪
You can read the unrolled version of this thread here: typefully.com/sahicoin/9G3Sp…
21/ @PrimordialAA response to @trayvox (20th tweet) on centralization concerns
22/ Thread about NFTs on LayerZero
@gh0stlygh0sts was launched yesterday as the first omnichain NFT
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