It's happening!
As #SKALE V2 goes live, we're also pleased to confirm that the Europa Initiative is also launching - ensuring that every SKALE #dApp will have access to compatible versions of bridged tokens.
blog.ruby.exchange/co-launching-t…
1/8
As #SKALE V2 goes live, we're also pleased to confirm that the Europa Initiative is also launching - ensuring that every SKALE #dApp will have access to compatible versions of bridged tokens.
blog.ruby.exchange/co-launching-t…
1/8
A big "thank you" goes out to @bootfinance, @impossiblefi, @01node, and @StakinOfficial for signing up as Europa co-founders alongside #Ruby, as well as our frens at @SkaleNetwork for their tireless work to launch V2, which is rolling out now!
skale.network/blog/skale-v2-…
2/8
skale.network/blog/skale-v2-…
2/8
Super-quick recap.
#SKALE V2 is a massively performant, flexible ecosystem of Ethereum-compatible chains with unlimited scalability.
As an open, permissionless network, SKALE doesn't impose any token standards on its bridges.
3/8
#SKALE V2 is a massively performant, flexible ecosystem of Ethereum-compatible chains with unlimited scalability.
As an open, permissionless network, SKALE doesn't impose any token standards on its bridges.
3/8
(The bridges are decentralized and transactions are practically instant between SKALE Chains, by the way. Bridging between SKALE and Ethereum mainnet takes just 18 seconds - lightning fast by industry standards.)
4/8
4/8
So far, so good.
But without some means of standardizing token mapping across the SKALEVERSE, dApp chains would end up using different and incompatible versions of tokens like $ETH, $BTC, $USDC, etc.
Result: Liquidity fragmentation 😱
5/8
But without some means of standardizing token mapping across the SKALEVERSE, dApp chains would end up using different and incompatible versions of tokens like $ETH, $BTC, $USDC, etc.
Result: Liquidity fragmentation 😱
5/8
Europa is the community-proposed solution to this issue, since it's best to deal with this kind of thing via social consensus than a decree from above (which would not be very decentralized).
6/8
6/8
Europa is a shared #SKALE Chain that hosts a cluster of liquidity-focused dApps and services, plus an #Ethereum mainnet bridge - making it the default entry point into the SKALEVERSE for users and tokens.
7/8
7/8
TL;DR
No fragmentation, just deep, network-wide liquidity, on-demand for all.
#WeAreEuropa (but also #WeAreRuby)
8/8
No fragmentation, just deep, network-wide liquidity, on-demand for all.
#WeAreEuropa (but also #WeAreRuby)
8/8
• • •
Missing some Tweet in this thread? You can try to
force a refresh
