After Tether, ZK Rollup Adds Curve Finance for DeFi Implementation 

2020-10-11 21:13

Matter Labs’ Layer 2 solution will enable smart contract capabilities on Ethereum using ZK rollups. Until now, Optimistic was the leading DeFi implementation. 

ZK Rollup Gets Ready for DeFi 

Curve Finance, a decentralized platform for stablecoin swaps, is the first to experiment with the zkSync testnet. Curve currently supports the exchange of USD stablecoins and wrapped Bitcoin tokens on its platform. 

Ethereum’s ZK rollup allows transactions to be batched on a sidechain to reduce the mainchain’s load, thereby providing cheaper and faster transactions. It aims to scale the current Ethereum speed from 10-15 transactions per second (TPS) to 2,000 TPS. 

ZK rollups offer greater scalability and finality on transactions than the alternative Optimistic rollup. 

Nonetheless, the use of ZK rollup has been limited to simple token transfers and some specialized applications. General-purpose smart contracts, for instance, are still not possible. The zkSync smart contract testnet seeks to solve this problem. 

Matter Labs launched the Zinc Virtual Machine (ZVM), enabling smart contracts and EVM wrapping on ZK rollup. The smart contracts on ZVM are written in the Zinc programming language. Zinc is similar to existing smart contract languages for Ethereum – Solidity and Viper. 

Matter Labs is keeping up with the pace with Optimism PBC on the technical front. Recently, the Synthetix network joined the Optimistic rollup testnet, with Uniswap and Chainlink in the pipeline.

Moreover, the Layer 2 solution is also used by leading stablecoin provider Tether to batch USDT transactions on Ethereum. 

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finance defi implementation curve adds tether rollup

Источник: cryptobriefing.com

finance defi → Результатов: 126


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Provide Fearless Concentrated Liquidity With Kamino Finance

Decentralized finance (DeFi) is a sector of finance that’s less than a decade old, and it’s picking up speed. Within the last two years, DeFi has erupted with growth and innovation from all over the ecosystem, and improvements are constantly being made to how decentralized applications (dApps) provide better and more capital-efficient services. However, innovations […]

2022-9-12 19:11


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DeFi tokens that will get you into the world of decentralized finance

Coin98 C98/USD, UMA UMA/USD, and Wanchain WAN/USD are all solid decentralized finance (DeFi) tokens that you can pick from as of June 17, 2022. On June 16, 2022, Coin98 announced that the cryptocurrency was added to dYdX’s official list of wallets which boosted all user access to a robust as well as professional exchange for […] The post DeFi tokens that will get you into the world of decentralized finance appeared first on Invezz.

2022-6-18 14:02


DeFi Protocol Visor Finance Restores Full User Position Value After $500k Exploit

Decentralized finance (DeFi) protocol for liquidity management that is building on popular DEX Uniswap V3, Visor Finance was exploited over the weekend for $500,000. Last month, Visor began active liquidity management on Uniswap v3 after releasing its NFT Smart Vault that allows DeFi participants to deposit assets and permission them for use on various protocols.

2021-6-22 15:59


Какие DeFi-проекты смогли пережить взломы?

Рассказываем о пяти проектах DeFi, которые восстановились после взлома и продолжили работать. Сообщество DeFi снова поставило под сомнение подход «тестирования в деле» после того, как проекты Alpha Finance Labs и CREAM Finance потеряли 37,5 млн долларов в результате хакерской атаки.

2021-2-28 20:54


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DeFi-проект LV Finance оказался экзит-скамом

LV Finance пополнил череду проектов, воспользовавшихся ажиотажем вокруг сферы децентрализованных финансов (DeFi), чтобы обманным путем присвоить деньги пользователей.

2020-9-21 11:00


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