Here's the part II of my deep dive series on @FlareNetworks:
@FlareNetworks 1/
This is a key feature in Flare Blockchain as it allows non-smart contract assets like $XRP, $LTC and $DOGE to be utilized on Flare blockchain and on other networks via their bridge, LayerCake.
Below attached is an image that shows how FAssets works.
@FlareNetworks 2/
This is unlocking a whole new level of Innovation by providing more use cases for these assets on DeFI.
Now, anyone on Flare can mint these assets on Flare as FAssets.
Just like Gasless Txn in Account Abstraction, Gasless Transactions are also possible in Railgun as Railgun privacy users don't need to pay for gas in the underlying blockchain native token.
Chain Abstraction abstracts all the complexities that segregate different blockchains to create a unified layer enabling seamless UX without leaving your UI.
A deep dive on @NEARProtocol Chain Abstraction 🧵
@NEARProtocol 1/
Chain Abstraction doesn't segregate.
Chain Abstraction abstracts fragmentation created by existing Blockchains and Dapps.
It's crazy to see how many chains and Dapps we have today not unified and doesn't seem like stopping.
@NEARProtocol 2/
To build a rollup now is as easy as pie and we already have 100s of that, we're yet to see thousands of Rollups in the future with unlimited Dapps.
LSD is the largest and fastest-growing sector to date with a Market Cap of $37B
A new player is in town which allows users to mint LSTs while earning native staking rewards.
Let’s see how @tenderize_me is shaping the era of Liquid Staking 2.0:
@tenderize_me 1/
In the LSD sector, ETH liquid staking has amassed a substantial amount of this sector, currently 12.48M of $ETH currently worth $33.00B has been staked.
@tenderize_me 2/
The current state of LSD is not decentralized as only a few players hold about 80% of staked ETH.