LI.FI Chosen for Mastercard's Start Path Blockchain and Digital Assets Program!
Last Week In The Multi-Chain Ecosystem (18 - 24 Sept '23)
Welcome to LI.FI’s Cross Chain Insider newsletter, a 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) Linea is Now Live on LI.FI and Jumper 🫡
LI.FI now supports Linea. Applications can integrate LI.FI’s API, SDK, or Widget to offer to onboard users on Linea. Users can directly swap and bridge to Linea via LI.FI’s 18+ supported chains via Jumper.exchange.
2) dYdX v4 Enables 1-Click Onboarding With Squid & Axelar 💪
dYdX has chosen Squid and Axelar as its bridging partners as it gears up for the Mainnet launch. Through this partnership, users will be able to deposit any token into a dYdX account from any chain.
3) BNB Smart Chain is Live on THORChain ⚡
BNB Smart Chain has been successfully added to THORChain. BNB and BEP-20 assets are immediately available for all users to provide liquidity & swap.
4) LI.FI Partnerships and Integrations 🤝
LI.FI announced the following partnerships and integrations last week:
Seedify, an incubator and launchpad, has partnered with LI.FI to offer cross-chain swaps and other functionalities to their projects.
Mozaic, an AI-optimized yield and liquidity strategies protocol, has integrated LI.FI’s widget to enable its users to find the best swap route for buying $MOZ within its dApp.
With these integrations, the LI.FI ecosystem now boasts partnerships with over 110 applications. These collaborations power a variety of cross-chain and same-chain strategies, including swaps, staking, yield farming, and NFT purchases, among others.
Multi-Chain Ecosystem Updates
1) Introducing Eclipse Mainnet: The Ethereum SVM L2 🔥
Eclipse, an Ethereum L2 using Solana Virtual Machine (SVM), announced its Mainnet architecture — a modular stack that leverages:
Ethereum & ETH — Ethereum settlement (using RISC Zero ZK fault proofs) with ETH as Eclipse's gas token
Solana VM (SVM) — Highly performant parallel execution
Celestia — Scalability via data availability sampling
2) Base Pessimism for the OP Stack 🔵🔴
The Base team launched Pessimism, an open-source monitoring system designed to enhance the security of Base (as well as the broader OP Stack and Ethereum ecosystems) by quickly detecting and responding to a myriad of protocol threats.
3) Canto to Migrate to a ZK L2 Powered by Polygon CDK 💜
Canto announced that it is building with Polygon Labs to migrate to a ZK L2 on Ethereum, powered by Polygon Chain Development Kit (CDK).
The chain will be dedicated to Real World Assets to support the next wave of application-layer adoption via neofinance.
TradFi 🤝 Crypto
1) LI.FI announced that it's been chosen for Mastercard’s Start Path Blockchain and Digital Assets program.
The partnership aims to collaborate closely with Mastercard and its ecosystem of banks, merchants, and partners on building crypto-specific prototypes and knowledge exchange.
2) PayPal USD (PYUSD) is now available on Venmo.
Venmo users can now purchase PYUSD and send it to friends and family on PayPal, Venmo, and compatible external wallets.
Interesting Reads
1) How do we define a Bridge, and what are the primary design schools?
2) Overcoming App-Rollup Drawbacks
3) Reflections on “Impact of CCTP on the Bridge Ecosystem"
Get Started With LI.FI Today
For more information about the LI.FI protocol,
Head to our link portal at link3.to/lifi
Read our SDK’ quick start’ at docs.li.fi
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