Growth DeFi Ecosystem Going Cross-Chain, Starting With Avalanche
Over the past months, we have seen tremendous growth in DeFi, and millions if not billions of dollars are being invested in it daily. DeFi can affect the way traditional banks operate and might even change the structure of the whole financial system in the future. One of the projects that have recently caught people’s […]
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Growth Ecosystem, a primary DeFi cross-chain farming protocol, has finally launched on Avalanche, one of the world’s fastest-growing blockchain ecosystems. The Growth Ecosystem launched on November 13, with a revolutionary new hybrid bridge system for its incentives token, $WHEAT, as well as a self-repaying loan feature for its overcollateralized stable coin, $MOR on Avalanche. WHEAT is the Growth DeFi ecosystem’s incentive token, and it can be farmed organically by staking WHEAT, GRO, or MOR. It also plays an essential role in Growth DeFi’s new hybrid bridge product.....
Layer-2-based DeFi and DEX platforms have seen an incredible surge in user activity, revenue and total value locked since the launch of Arbitrum and Avalanche’s cross-chain bridge. In the increasingly competitive landscape of blockchain technology and cryptocurrencies, protocol innovation and the ability to solve the biggest problems facing the crypto community are necessary for any project that looks to have long-term success in the ecosystem. Recently, the emergence of layer-2 technology like Arbitrum, Optimism and a bridge to the Avalanche ecosystem is revolutionizing the way investors,....
On Tuesday, the team behind the Umbria network announced the launch of the new Narni cross-chain Avalanche bridge. Umbria says the bridge is 90% cheaper than the official Avalanche bridging solution allowing users to move ether between the Ethereum blockchain and the Avalanche network. Narni Cross-Chain Bridge Adds Avalanche Solution During the last two weeks the price of avalanche (AVAX) has increased 33.4% and this week, AVAX made its way into the top ten crypto positions in terms of market capitalization. As far as the total value locked (TVL) in decentralized finance (defi) is....
Despite its prominence as the most well-established smart contract platform and decentralized finance (DeFi) ecosystem, Ethereum is gradually seeing an exodus of users to other platforms — largely due to its often gut-wrenchingly high transaction fees and congestion. This is particularly the case among cryptocurrency traders, who are moving away from Ethereum en-masse to platforms like Avalanche and Binance Smart Chain. This is owed to their dramatically lower fees and improved speed over Ethereum, as well as the rapid development of their token ecosystems — and the opportunities this....
The multi-stage program will start with $27M tokens allocated for the Aave and Curve protocols, with additional incentives reserved for Avalanche native projects. Smart contract platform Avalanche has announced a $180 million liquidity mining incentive program, named Avalanche Rush. The program aims to encourage more applications and tokens to move to Avalanche’s decentralized finance (DeFi) platform, according to the release.It's set to follow a multi-stage deployment starting with the Aave and Curve protocols, before expanding to other assets in the coming months. For this first stage,....