- The expansion of new cross-chain pools in Cronos is possible thanks to Layerzero's interoperability solution.
- For enhanced trade in Cronos EVM, the Stargate-powered ETH and USDC pool provides deep liquidity.
Cronos EVM, Cronos' Ethereum-Compatible Blockchain, has announced the launch of two new Stargate Pools. With the integration of the Omnichain Messaging Protocol of Layerzero, the ETH and USDC pools are now living in Cronos EVM.
The expansion of new cross-chain pools Cronos It is possible now thanks to Layerzero's interoperability solution. For enhanced trade in Cronos EVM, the Stargate-powered ETH and USDC pool provides deep liquidity. This is done by getting liquidity from different networks to provide improved efficiency and capital prices.
Stargate's liquidity architecture, which is based on Layerzero, relates to users with more than 50 blockchains and combines liquidity, ensuring smooth interoperability. Developers and consumers in Cronos can benefit from the connection between the Omnichain network, one of the networks currently supported by the Stargate.
Cronos Lead Mirko Zhao said:
“Thanks to Layerzero, the Universe of Cronos has just expanded. Through new pools of Stargate for ETH and USDC, Cronos EVM users can enjoy endless liquidity, while DeFI projects can create new products that are native to the Cronos while completely cross-chain. These powerful primitives strengthen the relationships between the Cronos and the broad Omnichain landscape.
Cronos can improve end-user experience by integrating stargate, especially about token bridging. Cronos DAPP developers also earn from the shift, as they can use the Unified Liquidity Network of Stargate to create new cross-chain solutions that exploit the Omnichain Scalability.
HYDRA is a major component of Stargate V2 protocol and function as a bridge-as-a-service (Baas). Non -folk chains can now access a single liquidity throughout the Stargate network thanks to this. DAPPs can attach directly to the Omnichein to gain stablecoin support, capital efficiency, and smooth interoperability by mininting 1: 1 hyda-back assets in connected chains and locking folk assets in core pools. It helps new chains in the fast -speeding from the day of one and bootstrapping and liquidity users.
Direct pipelines between the Cronos ecosystem and linked Stargate chains, such as Ethereum, Arbitrum, Optimism, and Base, will be created along with the introduction of additional pools and Omnichain connections to Cronos EVM. Users can move throughout the blockchain networks quickly and easily, which will allow Cronos to increase TVL and deepen liquidity.
The lamps, the leading foundation in Stargate stated:
“Cronos is a major pillar of the Defi industry. By connecting the Stargate's Omnichain Liquidity Network, Cronos enters a truly unified web3 where developers are free to flow, and developers can unlock the next generation of Omnichain-activated applications.”
Adopted by Crypto.com and more than 500 application developers and partners, Cronos is a well -known blockchain ecosystem that serves a user base address of over 80 million people worldwide. Through an emphasis on decentralized finances and gaming, Cronos aims to make self-custody on Web3 simple and secure for the next billion cryptocurrency users.
Three chains make up the Cronos Universe: Cronos Pos, a well -known cosmos chain for payments and NFT; Cronos Zkevm, a novel high performance of layer 2 network; and Cronos (EVM), the leading Ethereum compatible with the blockchain built at the Cosmos SDK.
Cronos is one of the top 15 blockchain ecosystems, which protects user assets worth more than $ 6 billion. More than 100 million transactions have been safely -safe since its introduction to 2021.
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