Elrond Network is one of the most scalable blockchains in the Crypto Space.
The team is very dedicated to the project mission and has recently launched:
-a new cross-chain bridge
-a unique price discovery mechanism for their DEX
@traderjoe_xyz@ElrondNetwork -Metabonding - a community bootstrapping product for Web 3 startups - projects distribute 10% of their supply to the EGLD stakers to benefit from a promotion campaign.
The Elrond team has recently made 2 interesting acquisitions. Here's a 🧵 about their importance:
The Ref Finance team's recent progress shows that the project is here to stay:
- smart routing for better prices for traders
- liquidity aggregation(Near <> Aurora)
- a new veToken model(currently on Testnet)
@traderjoe_xyz@ElrondNetwork@finance_ref The most important update IMO is liquidity aggregation, which allows traders to swap using DEXes on Aurora for a better price from the Ref Interface.
I have recently published an in-depth thread about Ref Finance if you want to learn more:
Synthetix is defined as a decentralized synthetic asset issuance protocol.
So Synthetix allows the creation of synthetic assets(Synths) without being backed by the original asset.
But why would someone use a synthetic asset? 🤔
@synthetix_io /3 Here are the top benefits of the Synths assets:
- you can hold a synthetic token that tracks the value of any asset(AAPL, oil, S&P 500, EUR, BTC, etc.)
- whales can do large swaps with nearly 0 slippage