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
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 💩
👇
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?
- 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
- 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 🤯
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 😅
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 🧵
👇
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
by @crycket_crypto
https://twitter.com/crycket_crypto/status/1505597601214730245?s=20&t=PqEnpOJ7Ya-QmWn7537NUQ
8/ @0xMaki (co-founder of @SushiSwap and also part of LayerZero) thread 🧵 on @LayerZero_Labs
https://twitter.com/0xMaki/status/1503722051579920396?s=20&t=Zl2X5oRQ4vQ7AotFQe9Ntw
10/ @PrimordialAA(co-founder of @LayerZero_Labs) thread 🧵 on @StargateFinance $STG
https://twitter.com/PrimordialAA/status/1454127111711514625?s=20&t=exrJaurnGM8tdEGYA2KDzg
11/ @SushiSwap integration with @StargateFinance soon
$STG $SUSHI
$STG $SUSHI
https://twitter.com/0xMaki/status/1506032911031705609?s=20&t=exrJaurnGM8tdEGYA2KDzg
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
Said they don't intend to sell any tokens for at least 3 years
https://twitter.com/AlamedaTrabucco/status/1506306851142615044?s=20&t=exrJaurnGM8tdEGYA2KDzg
13/ @LayerZero_Labs vs @chainlink
by @Pickle_cRypto and @alpha_pls 🧠
#CCIP $STG $LINK
by @Pickle_cRypto and @alpha_pls 🧠
#CCIP $STG $LINK
https://twitter.com/Pickle_cRypto/status/1508458268846342144?s=20&t=z0lCtgVNRKxOQBVQt--67g
14/ @StargateFinance vs @THORChain
$RUNE $STG
$RUNE $STG
https://twitter.com/THORSwap/status/1507942489294098436?s=20&t=z0lCtgVNRKxOQBVQt--67g
15/ @renprotocol vs @StargateFinance
by @koruna911
$REN $STG
by @koruna911
$REN $STG
https://twitter.com/koruna911/status/1507066220796915725?s=20&t=SXTIUk6FWJu5rqz34mkRRA
16/ A slight technical 🧵 about @LayerZero_Labs by @NicoDeva_
https://twitter.com/NicoDeva_/status/1507281006834855936?s=20&t=z0lCtgVNRKxOQBVQt--67g
17/ $STG tokenomics
by @kamikaz_ETH
by @kamikaz_ETH
https://twitter.com/kamikaz_ETH/status/1506886797544288261?s=20&t=z0lCtgVNRKxOQBVQt--67g
18/ Liquidity Providers or LPs can stake their assets in a single-sided pool with no Impermanent Loss(A loss occurred when user LPs)
https://twitter.com/Cov_duk/status/1507203493261570049?s=20&t=Kr0R_0XO-I7v_Anf2t6_bQ
20/ Is @LayerZero_Labs really decentralized?
by @trayvox
by @trayvox
https://twitter.com/trayvox/status/1508734174705987586?s=20&t=Zj126iCCO3CUg8mFL8YdnA
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 💪
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
https://twitter.com/PrimordialAA/status/1508442354910380038?s=20&t=_to8-1By3kKzbYUQaWzrNA
22/ Thread about NFTs on LayerZero
@gh0stlygh0sts was launched yesterday as the first omnichain NFT
@gh0stlygh0sts was launched yesterday as the first omnichain NFT
https://twitter.com/layerzerointern/status/1511082947108954116?s=20&t=Lzg4AaEgz6cpqv2ZCQQFsA
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