Connext Rebrands to Everclear, Introduces Clearing Layers to Power Chain Abstraction
Last Week In The Multi-Chain Ecosystem (03 - 09 June '24)
Welcome to LI.FI’s Cross Chain Insider newsletter, a weekly curation of the major updates and announcements from the industry’s leading cross-chain protocols and blockchain ecosystems.
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Bridge Updates
1) Introducing Mach: enabling instant swaps via its optimistic escrow system.
2) Introducing deBridge P2P, a global OTC desk for DeFi.
3) Wormhole introduces staking for governance for W token holders.
4) Catalyst integrates Omni as an Arbitrary Message Bridge.
5) SphereOne integrates LI.FI to enable AI agents to swap and bridge.
Multi-Chain Ecosystem Updates
1) Berachain's Public Testnet bArtio B2 is now live.
2) Coinbase launches Smart wallets.
3) StarkWare plans to scale Bitcoin with ZK-STARKS & launches $1M fund for OP_CAT research.
4) Custom gas token feature is now live for the OP Stack.
5) Arbitrum Orbit integrates Celestia Blobstream
Intents & Chain Abstraction
1) Connext rebrands to Everclear & introduces Clearing Layers.
2) What is Chain Abstraction? Arriving at a Formal Definition.
Interesting Reads
1) Institutional Interoperability: How Financial Institutions Navigate a Multi-Chain World
2) Balrogs and OP_CATs: The Bridge to Khaza-doom?
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