2022 will be the avalanche year for Ethereum, the year that it takes back the centre-ground of crypto DeFi ecosystems and this will be driven by #Layer2 ecosystems. In fact, we predict there will be significantly more people using #Ethereum Layer 2 than #L1.
(2/11)
In parallel, we will see the growth of multi-chain ecosystems, which allow several blockchains to connect with one another - enabling #decentralised apps and protocols to launch on several networks.
(3/11)
As layer 2 rollups evolve, they’ll help link blockchains together. This is particularly great news for DeversiFi as we’re ahead of the curve in using and adopting layer 2, and this gives us the opportunity to be a hub for all layer 2 DeFi.
(4/11)
We can expand from being just a single rollup to being a multi-layer 2 solution, providing seamless inbuilt bridging to new multi-chain ecosystems and offering all the best tools and opportunities from across the other layer 2 projects.
(5/11)
This will, in turn, enable us to work with interesting ecosystems beyond #Ethereum like @AvalancheAvax, @Solana, @Cosmos and @Polkadot. These ecosystems can be directly connected by bridging to #L2’s like #DeversiFi, so the process is completely smooth.
(6/11)
This year we have begun building the foundational layer of infrastructure and tooling to enable many wallets and #Dapps to quickly and easily make the jump, from solely supporting $ETH #Layer1 to supporting L2 natively as a default option.
(7/11)
We’re already working with the first of these partnerships and are very excited! They are a BIG name with millions of users, and we’re planning for this to be a big part of what #DeversiFi becomes in terms of powering other apps and user experiences.
(8/11)
We understand that many users do not speak English as their native language. We’re creating multi-language support, starting with Chinese, to allow a more diversion audience to use the platform.
(9/11)
Above all, we’re excited for what 2022 will bring to DeversiFi. We’ll see a much more interconnected world, both between layer 2s on Ethereum and across the rest of the emerging multi-chain ecosystem, and we envision DeversiFi to be right at the heart of it all.
(10/11)
To read @Will_harbornes full summary of the year and predictions for 2022, check out our latest blog post here ⬇️
The success of the #DLM shows we’ve got a viable mechanism to launch tokens on L2 - and #DVF allows you, our supporters, to take control of our protocol 🤝
Lending your #tokens is trustless, meaning you always control your funds and can access them at any time. The whole process is open and #permissionless, with the rules determined by computer code 🖥️ instead of a centralised gatekeeper - like a bank.
Remember how you used to pay those pesky gas fees 💸 and wait absurd times ⏳ when moving from an exchange to #DeFi? This all changes now with minuscule fees and rapid transfers!
(2/6)
This bridge🌉now enables fast and low-cost transfers between #Bitfinex & #DeversiFi meaning that you can move @Tether_to tokens ($USDt) seamlessly between the two platforms, without ever touching #Layer1#Ethereum! And what's more, we’ll be adding more #ERC20 tokens soon!
(3/6)
#CEXs are often the place users go to buy their first #cryptocurrency 🪙
However, in order to use them, you must create an account on their website and send your money to them trusting that they will (hopefully🤞) send it back when you’re finished 😅
#DEXs exist on multiple blockchains, but the most popular ones are built on #Ethereum. Instead of creating an account to use them, you connect existing Ethereum wallets (such as @MetaMask) and then start making trades! 🙌
To get started, you will need to stake your $DVF to receive xDVF, and unlock your voting power. From here you will be able to vote on the “big stuff” and the “small stuff” (2/4)
By “big stuff” we mean major changes to the token and protocol such as:
We have just launched the first ever #Layer2 bridge to @0xPolygon but what does this mean for you?🤔
The bridge 🌉 enables fast, gas-free and frictionless deposits & withdrawals between the two platforms whilst also increasing liquidity across both ecosystems