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LI.FI Raises $5.5M | $NEXT Delay | Abacus on Mainnet | Klima x LI.FI | Arbitrum Nova | Rubic Integrates LI.FI | & More!

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LI.FI Raises $5.5M | $NEXT Delay | Abacus on Mainnet | Klima x LI.FI | Arbitrum Nova | Rubic Integrates LI.FI | & More!

Last Week In The Multi-Chain Ecosystem (11th to 17th July 2022)

Arjun Chand
Jul 18, 2022
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LI.FI Raises $5.5M | $NEXT Delay | Abacus on Mainnet | Klima x LI.FI | Arbitrum Nova | Rubic Integrates LI.FI | & More!

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Bridge Updates

1) LI.FI Raises $5.5M Strategic Round 💸

LI.FI has raised $5.5M in a strategic funding round led by 1kx. The capital will be used to integrate more bridges and DEXs, get the LI.FI SDK/Widget integrated into established dApps, grow the team and increase awareness about LI.FI.

2) Connext Delays $NEXT Launch 😬

Connext has announced that the NEXT token launch has been delayed citing recent market conditions and volatility. During the short delay, the team aims to prioritize efforts for the upcoming Amarok upgrade.

3) Klima Cross-Chain Carbon Offsetting 💚

LI.FI and Etherespot partner to facilitate cross-chain carbon offsets via KlimaDAO. Users can now purchase carbon credits from any of the 15 chains supported by LI.FI in just 3 clicks.

4) Abacus is Live on Mainnet Alpha 👏🏻

Abacus Network, a cross-chain message passing protocol that lets developers build interchain applications, is now live on Mainnet. Mainnet Alpha is phase 1 for Abacus and enables its core value prop; interchain messaging and interchain applications.

5) deBridge Audit Reports Repo 🔒

deBridge has published an audit report repository on GitHub, which lists all the different reports from deBridge’s security audit partners on different areas of the protocol.

6) Cross-Chain Call Library for Solidity

@zachobront introduces xchain, a Solidity library for cross-chain calls in Forge tests and scripts.

7) Rubic Integrates LI.FI 🟩

Rubic has integrated LI.FI to expand its network of supported chains, DEXs, and bridges. The integration enables Rubic to add over 50% more chains to its ecosystem.

Multi-Chain Ecosystem Updates

1) Arbitrum Nova is Now Live 🚀

Arbitrum announces Nova, a new chain for gaming and social dApps, built using the AnyTrust technology. Nova is now open for devs to deploy their dApps.

2) Brave Now Supports Solana dApps ✨\

Brave has upgraded its support for the Solana ecosystem with version 1.41. Users can now access Solana dApps such as Magic Eden, Audius, Stepn, directly from the Brave wallet.

3) Acala’s $250M Ecosystem Fund 🤑

Acala Network, a Polkdaot parachain, has announced a $250m ecosystem fund. The Fund provides support to early-stage projects looking to build with the aUSD stablecoin.

4) Angle Protocol is Now Live on Polygon 👏🏻

Angle, an over-collateralized stablecoin protocol, has deployed its borrowing module on Poly Users can now borrow Euro-pegged agEUR stablecoin on Polygon PoS with minimized liquidation and transaction costs.

5) Celo Network Outage ❕

The Celo network experienced an outage on 14 July and had to be halted at block 14,035,19. The validators have resolved the issues, and the network is up again. This was Celo’s first outage since mainnet launch on April 22, 2020.

6) Polygon on Disney Accelerator 🎉

Polygon has been chosen to be a part of the Disney Accelerator program 2022, a business development program designed to accelerate the growth of innovative companies worldwide.

7) Ethereum Merge on 19 September’22? 🐼

According to a tweet by @superphiz, if things go well, the Ethereum Mainnet merge could go live on the 19th of September, two weeks after Bellatrix update. The Ethereum Goerli testnet is set to merge on August 11th.

What’s Popping on Twitter?

Save The Date — Ethereum Merge Planned for 19th September ❕❕

The Ethereum Merge, one of the most historical events in crypto, is quickly approaching, with 19th September rumored to be the expected date of the Merge.

For a quick refresher on what the Merge is all about, check out this thread 👇🏻

Twitter avatar for @lifiprotocol
🇫🇷 LI.FI 🇫🇷 📍 Paris - ETHCC @lifiprotocol
The Ethereum Merge is scheduled for June’22. That’s only 3 months away. The Merge could be one of the most historical events in Crypto history. Today, we’d like to inform our readers why the event is so significant. A thread! 🧵
8:59 AM ∙ Mar 21, 2022
1,679Likes454Retweets

Earlier in April, Tim Beiko provided a roadmap to the Merge. Before the Mainnet Merge, Ethereum’s testnests which serve as testing grounds for the Merge, must pass all the tests successfully. Here’s where we currently stand:

TL;DR — There is just one testnet left before the Ethereum Mainnet network completes the Merge.

  • Stage 1 — More Shadow Forks ✅

  • Stage 2 — Fork Ropsten ✅

  • Stage 3 — Fork Sepolia ✅

  • Stage 4 — Fork Goerli ❓

  • Stage 5 — The Merge 📍

Ethereum testnet Sepolia shifted to Proof of Stake on July 7. Expectedly, Goerli/Prater client releases are on the 27th or 28th of this month. Shortly after is the Prater Bellatrix on the 8th of August, followed by the Goerli Merge on the 11th of the same month.

Twitter avatar for @superphiz
superphiz.eth 🦇🔊🐼 @superphiz
This merge timeline isn't final, but it's extremely exciting to see it coming together. Please regard this as a planning timeline and look out for official announcements! hackmd.io/@benjaminion/B…
Image
6:04 PM ∙ Jul 14, 2022
769Likes267Retweets

After the Goerli Merge on 11th August and the Bellatrix update in early September, the path is clear for the Merge to finally happen in the week of 19th September.

The devs are doing something; stay tuned! 🐼

unknown 1

Interesting Reads

1) What Is Your Favorite dApp Thinking About? Check Out the Forum Post, Anon

Twitter avatar for @lifiprotocol
🇫🇷 LI.FI 🇫🇷 📍 Paris - ETHCC @lifiprotocol
1/ Friday newsletter? Friday newsletter‼️ The new Friday version of CCI covers cross-chain conversations happening in the governance forums of 3 prominent dApps. You should definitely check it out 👀 🔗 lifi.substack.com/p/what-is-your…
Image
6:25 PM ∙ Jul 15, 2022
50Likes10Retweets

2) How Secure are Blockchain Bridges?

Twitter avatar for @adrianhetman
Adrian ⛩️ Hetman 🐺⚔️ @adrianhetman
Let's talk Cross-Chain Bridges. The demand for moving gained/earned assets on one network to another increases every day. The amount flowing through bridges is enormous. There is currently over $80.4B in TVL in various DeFi protocols. So...how secure are blockchain bridges?
5:30 PM ∙ Jul 17, 2022
40Likes14Retweets

3) Pontoon Finnace — A Deep Dive

Twitter avatar for @lifiprotocol
🇫🇷 LI.FI 🇫🇷 📍 Paris - ETHCC @lifiprotocol
Today we dive deep into @PontoonFi, a one-click liquidity mirroring protocol. Learn more about Pontoon and how it aims to solve the fragmentation and composability issues in the cross-chain ecosystem 👇🏻 medium.com/lifinance/pont…
medium.comPontoon Finance — A Deep DiveAll You Need to Know About Pontoon — The Cross-Chain Liquidity Mirroring Protocol
10:08 AM ∙ Jul 14, 2022
53Likes13Retweets

4) Ethereum VS Cosmos

Twitter avatar for @BanklessHQ
bankless.eth @BanklessHQ
Monolithic blockchains were nice while they lasted. But the future of scalable blockchains are modular ones. It's Ethereum vs. Cosmos leading in this race - who's winning? @BenGiove breaks down the comparative advantages of both chains for us today.
newsletter.banklesshq.comEthereum vs. CosmosWho is winning the modular blockchain race to scale crypto?
5:58 PM ∙ Jul 13, 2022
197Likes54Retweets

5) Bridgeducation Ed.2

Twitter avatar for @arjunnchand
arjunchand.eth @arjunnchand
Bridgeducation Ed.2 Insightful reads from the world of bridges and interoperability!
Image
2:49 PM ∙ Jul 13, 2022
49Likes10Retweets

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LI.FI Raises $5.5M | $NEXT Delay | Abacus on Mainnet | Klima x LI.FI | Arbitrum Nova | Rubic Integrates LI.FI | & More!

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