"We will be deploying on all subnets that have permissionless deploys, we will be connecting all of the subnets..."
2/5 "Not only will they be connected to each other and to the c-chain, but they will be connected to every chain that [LayerZero] is on - which right now is ETH, BNB, Polygon, FTM, Arbitrum, & Optimism, and in the next few weeks Cosmos, Solana, Terra, and many others..."
3/5 "Pure connectivity both within the [AVAX] ecosystem & outside of the ecosystem."
Why does this matter? @LayerZero_Labs is an omnichain interoperability protocol & they deployed the @StargateFinance bridge. Here is one of many solid threads on that:
4/5 Developing interconnectivity between not only subnets & c-chain, but all of the networks mentioned is so massive.
Not sure if many can fully grasp how huge this is yet, but the future is multi-chain & it's happening right now. Subnets will be a major part of that future.
5/5 To watch the full replay of @ryanzarick of @LayerZero_Labs talk at #AvalancheSummit you can check it out at Day 2 link below (Monastery stage) starting after the 50 min. mark.
Dexalot is the first Central Limit Order Book (CLOB) DEX on Avalanche. With support from Ava Labs & the #AVAX ecosystem, #Dexalot looks poised to become a premier DEX. I say this bc I believe they have a significant edge over the competition...
3/ What's that edge?
Dexalot is currently building their own subnet.
That's right, a central limit order book (CLOB) decentralized exchange operating on it's own blockchain network. Trades will execute insanely fast without fighting for block space w/ crabs, platypuses, and Joes
Think #abracadabra on steroids. Borrow w up to 11x (possibly more) leverage against your portfolio. Can use assets such as JLP/qi tokens as collateral too. Developing #avax native stablecoin $YUSD w/ better fundamentals than $MIM
Created by the devs who brought you @Magnet_DAO - this new protocol aims to maximize stablecoin yields on @Platypusdefi by putting your $PTP on steroids.
$MAG will also benefit greatly from this. I really believe in this team/protocol.