Bullish Cosmos: Native USDC Live on Noble + Lido Launches wstETH w/ Neutron & Axelar
Last Week In The Multi-Chain Ecosystem (11 - 17 Sept '23)
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Bridge Updates
1) Lido Selects Axelar and Neutron to Launch wstETH on Cosmos 🔥
Lido is launching stETH in the Cosmos ecosystem with help from Neutron. Lido has selected neutron and Axelar to make this cross-chain connection.
2) Synapse Interchain Network & Synapse Chain 💪
The Synapse Interchain Network(SIN) and the Synapse Chain testnet are live.
Synapse Interchain Network: the first Optimistic Proof of Stake Interchain Network.
Synapse Chain: An L2 built on the Syn OP stack. Apps deployed have access to all interchain state.
3) Squid Launches Direct Swaps Between Cosmos & EVM Blockchains 👏
Squid now supports swaps for a wide range of tokens within and across the 48 Cosmos chains and 14 EVM chains.
4) LI.FI Partnerships and Integrations 🤝
LI.FI announced the following partnerships and integrations last week:
Dew, the leading NFT aggregator on Polygon, has integrated LI.FI’s widget directly into their platform.
Bitget Wallet, the Web3 multi-chain wallet of the future, has been added to Jumper Exchange and will integrate LI.FI for seamless cross-chain swaps soon.
Kei Finance, a cross-chain asset management & off-ramping solution, has integrated LI.FI.
Bitizen Wallet, a next-generation Web3 wallet, has integrated LI.FI to power cross-chain swaps across nine leading chains & layer-2s.
Multi-Chain Ecosystem Updates
1) Native USDC is Now Available on Noble 🔥
Noble USDC is now available for developers and users of the Cosmos ecosystem.
Circle Account and Circle APIs make it easy to access Noble USDC and securely transfer to appchains in Cosmos via the Inter-Blockchain Communication (IBC) protocol.
2) Introducing: MetaMask Snaps Open Beta 🦊
A Snap is a feature or functionality that is built by independent devs that users can install directly into their wallet. Some of the notable Snaps include:
ShapeShift Multichain — Support 11 chains including Bitcoin, Dogecoin, Cosmos, Litecoin, Binance Chain, THORChain, Bitcoin Cash and more in one Snap.
Solana Wallet — Manage Solana-based tokens and NFTs, swap, stake, bridge (via deBridge) from EVM to SOL, and connect to Solana apps with MetaMask.
Zion (BTC snap) — allowing users to directly manage Bitcoin within the MetaMask interface, without having to wrap tokens.
3) opBNB Mainnet is Now Live 💪
opBNB, an EVM-compatible Layer 2 chain built on the Optimism OP Stack, is now open to the public.
4) Offchain Labs x Espresso System: Transaction Ordering Technology for Ethereum Rollups 🤝
Offchain Labs has partnered with Espresso Systems to bring decentralized and open shared sequencing technology to Ethereum rollups.
The teams will undertake joint research and development of Timeboost — a transaction-ordering design and will also support technical integrations between the Arbitrum technology stack, Timeboost ordering, and the Espresso Sequencer.
TradFi 🤝 Crypto
1) PayPal now offers access to both on and off-ramps, enabling users in the USA to purchase cryptocurrency and convert it back to USD.
The feature is already live on MetaMask and has been extended to wallets, dApps, and NFT marketplaces.
2) Mountain Protocol has launched USDM, the first regulated, yield-bearing stablecoin backed by short-term U.S. T-bills.
USDM is an ERC20 token that can be minted/redeemed at $1 by KYB’d users which can then be freely used across DeFi.
Interesting Reads
1) Why Decentralize Sequencers?
3) A decentralised solver architecture for executing intents on EVM blockchain
4) Rollup Roulette: A Deep Dive into Shared Liquidity
5) Rollup Flavors and Modular Scaling
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