Dear Wallet Developers,

@lifiprotocol wants to help you execute cross-chain swaps inside your wallet.

Why?

Because we believe your users deserve a seamless web3 experience.

How can we help?

A 🧵 Part 1: Suzie Is Odysseus... and That Sucks

Moving tokens across chains requires a brutal metaversal journey.

Example a:

Suzie wants to exchange 5 AVAX on Avalanche for some MATIC on Polygon.

How does Suzie make this happen?

GM! We’re pleased to announce that we’ve raised a $5.5M strategic ecosystem round, led by @1kxnetwork.

The round saw significant contributions from @dragonfly_cap, @lattice_fund, @scalarcapital, @coinbase, @6thManVentures, @RockTreeCapital, and others!

coindesk.com/business/2022/… @1kxnetwork @dragonfly_cap @lattice_fund @scalarcapital @coinbase @6thManVentures @RockTreeCapital This round was also joined by our angels, @Darrenlautf, @Daryllautk, @iamDCinvestor, @TrustlessState, @RyanSAdams, @mrjasonchoi, @sassal0x, @Mudit__Gupta, @FrankResearcher, @daedalus_angels, and many more!

.@HopProtocol is setting new airdrop standards, and the sybilooors stand no chance!

HOP Drop and the fight against Sybil attackers, a thread 👇🏻 @HopProtocol 1/ A few weeks ago, Hop Protocol announced the establishment of the Hop DAO and the HOP token.

The HOP token drop was unlike any other we’ve seen till now.

It actively sought Sybil attackers and removed them from the token distribution.

https://twitter.com/HopProtocol/status/1522284534598967300

Good day, Lizard fam! 🦎

Welcome to our ELI5 series, where we explain crypto native topics in the simplest of terms.

Today we will be exploring what Whales are! 🐋

A mini thread! 🧵 1/ What are whales ❓

These are addresses that control a significant amount of crypto assets.

While there isn't an exact definition of what constitutes a whale, it's safe to say that any wallet that has the potential to move market prices substantially qualifies.

Alright! We've waited long enough to reveal this! 🥁

A Paradigm Shift in Multi-Chain Transactions! 😤

We’re proud to announce that @etherspot and @lifiprotocol have made a huge breakthrough in the cross-chain user experience.

Curious? 🧵 👇 1/ Problem: Every time a user wants to explore a dApp on a different chain, they'll have to bridge to that chain and switch the RPC network on MetaMask.

Eg: If a user is on a dApp on Polygon but has funds on Gnosis, they'll have to swap, bridge, RPC switch, switch websites, etc.

At @lifiprotocol, we often talk about the need for bridges to be "trustless" or trust minimized.

Today, we attempt to define & measure the level of "trust" required by various bridge designs.

And what we found is that, with bridges, trust is a spectrum.

blog.li.fi/li-fi-with-bri… 1/ What is a Trustless System?

A trustless system is one that does not depend on external actors to facilitate transactions from point A to B.

However, this is a very simple definition.

On a technical level, it is much more nuanced 👇

And that's a WRAP! Thank you @EFDevconnect &
@ETHGlobal for another amazing event: ETH Amsterdam was madness :)

If you weren't bullish before, you couldn't leave Amsterdam with the same mindset. Supercycle confirmed.
So here's a rundown of our time there 👇 1. Frens! First of all, it was an epic IRL team meeting, which we all loved and is super inspiring to our team and project spirit. Remote work is great, but still cannot beat the IRL relationship building. LFG frens! Let's keep #buidling.

The Ethereum Merge is scheduled for June’22. That’s only 3 months away.

The Merge could be one of the most historical events in Crypto history. Today, we’d like to inform our readers why the event is so significant.

A thread! 🧵 1/ The Merge is the full transition of Ethereum away from Proof-of-Work (PoW) to Proof-of-Stake (PoS).

TLDR:

• ~$600K have been stolen from 29 wallets
• User don’t have to do anything
• Bug has been fixed and is already deployed

blog.li.finance/20th-march-the… • 25/29 wallets have been reimbursed immediately — the rest we want to offer something special (alternatively normal reimbursement) and reached out via Twitter & transactions
• We contacted the hacker

We are investigating a potential exploit on LI.FI smart contract:
0x5a9fd7c39a6c488e715437d7b1f3c823d5596ed1

All swap methods have been disabled until we can lock them down and ensure they are safe for use. We will update you as we find out more. For now, users don't need to do anything.

High transaction fees are a major reason why users bridge to different blockchains. It is also why many alt. L1s and L2s came into existence.

Today, we discuss how tx. fees work and which blockchains have the lowest fees.

A thread! 🧵 1/ Blockchains have tx. fees mainly for two reasons:

1️⃣ To reward miners or validators who help confirm transactions.

2️⃣ To protect the network from spam attacks.

A ton of stuff has been happening behind the scenes! 🦎

🚨 Announcing our fourth Community Update!

A thread! 🧵 1/ Marketing mania! 🌟

We have a rad new logo, released our new LI.FI website and rebranded our B2C arm to Transferto.xyz.

https://twitter.com/lifiprotocol/status/1502231589270470657

Stay updated with the multi-chain ecosystem news with the Cross-Chain Insider! 🦎

blog.li.finance/the-cross-chai… his week's newsletter features:

a. Bridge Updates

1) LI.FI Announces dApp for Ukraine Donations

https://twitter.com/lifiprotocol/status/1500864768072167426

Why ETH gas prices are at a 6-month low and how this can be good for the Cryptoverse!

A thread 🧵 When it comes to Crypto, we’re all scared to use the B-word. But, it cannot be denied that things have been quiet lately in the Cryptoverse, and the only type of attention we’re getting is from the Regulators, which is arguably not the best type of attention.

Why @MultichainOrg offers one of the best bridging solutions in the ecosystem!

Deep Dive Thread🧵

blog.li.finance/multichain-a-d… 1/ Multichain is a cross-chain router protocol with a goal to become the ultimate router for Web3.0.

Launched as Anyswap on 20 July 2020, It was one of the first projects that focused on interoperability.

As the multi-chain narrative takes shape in 2022, dApps like @AaveAave are embracing operating on multiple chains.

Today, we will look at some of Aave V3's features and how it aims to become a multi-chain liquidity protocol! 1/ A bit about Aave:
• Fourth largest DeFi protocol by TVL
• TVL increased by 6x in 2021 to ~$15bn
• Recently launched on Avalanche and Polygon - Quickly became the leading lending protocol on both
• Will soon deploy on Arbitrum
• Also on Boba, Optimism, and Starkware soon

With over 100 active public blockchains, we are finally in a multi-chain ecosystem 🚀

Today we’ll be zooming in on Connext, one of the best cross-chain communication protocols connecting the crypto-space!

Let’s get started! 👇

blog.li.finance/connext-networ… 1/ Connext: An Overview

Connext is an interoperability protocol that allows users to send fast, fully non-custodial transfers. Its NXTP protocol has the following distinct advantages:

1️⃣ Trustless
2️⃣ Extensible
3️⃣ Low Cost

Here’s a TL;DR to the guide to the multi-chain future, sidechains, and layer-2 solutions by @coinbase.

Let’s dive in! 🧐 1/ As of late 2021, Ethereum supports thousands of dApps that settle trillions of dollars in transactions annually. The growth has seen over $170 billion being locked into the platform.