Over the last 30 days, @LayerZero_Core facilitated:
-> $8.2B in volume
-> 87,684 unique wallets
-> 153 destination chains
Cross-chain interoperability is bigger than most people realize.
Full dashboard next week.
@LundukeJournal@gf_256@gf_256 and @ret2jazzy are top tier auditors and great actors. Your issues speak more to your own bias and issues than the quality of the work.
This will age as an awful take, hope you apologize promptly
@luigidemeo@aave Very excited for this chapter for you. You are a true partner, looking forward to continuing to build defi together (even if you root for the wrong football team)
XAUT expanding natively between chains to BNB Chain and supported by Binance is a big deal. It's all powered by LayerZero, enabling free movement of gold anywhere.
The growth arc of omnichain assets continues to accelerate
Today is a big one.
@tethergold is now live on @binance and @BNBCHAIN.
With direct integration into the @USDT0_to network, XAUT on BNB is now directly connected to Ethereum mainnet and soon to all other XAUT0 deployments.
This means fast, seamless, and efficient movement of XAUT across ecosystems, at scale.
As a preview of what’s coming for the USDT0 network: direct XAUT mints are now available on https://t.co/EfsCEUqCZn 👀
First of many. The beginning of a new era.
Your XAUT, now on BNB Chain.
Time really does fly
@StargateFinance is 4 years old today. Billions of dollars of value moved per month, the hub for OFT transfers, and providing a safe and reliable way to move money between chains. Here's to many more years of Stargate continuing to help shape value movement
1/ crvUSD is now easier to move from L2s back to Ethereum.
FastBridge removes the 7-day withdrawal delay from native bridges using @LayerZero_Core messaging, enabling crvUSD transfers from @arbitrum, @Optimism, and @fraxfinance's Fraxtal to Ethereum in ~15 minutes.
https://t.co/NhQUjV4ONs
Here's how it works 🧵
In the week since we announced Zero, there has been a lot of speculation about ZRO’s role in Zero and on ZRO’s tokenomics. Let’s clear that up.
There will be no new token for Zero. ZRO is the only asset.
• ZRO will be the staking asset within Zero
• ZRO will be the gas asset within Zero
• All excess fees generated through priority fee (state contention) will flow through to ZRO
• All excess fees generated through tips/MEV will flow through to ZRO
• All trading fees from the markets zone will flow through to ZRO
• All payment fees from the payment zone will flow through to ZRO
• Once the fee switch is turned on within LayerZero every LZ Message will have a fee that goes to ZRO.
ZRO is the only asset and all economic value generated by Zero, LayerZero, and Stargate goes directly to ZRO.
Additionally, total institutional purchases, buyouts of early investors, and LayerZero buybacks now total to 19.77% of the total token supply with the majority of this being the buyout of upcoming unlocks and early investors. Most public dashboards don’t account for this, and overstate the pressure from upcoming unlocks by almost 2x.
We're building Zero with an ambitious goal: to provide permissionless infrastructure for a better world. We'll see you at mainnet this fall.
Over the last 2.5 years, we've secretly assembled a team of some of the brightest minds across cryptography, GPU programming, and ASIC design to build an internal Jolt Pro team. We surpassed our wildest dreams of what was possible, having already created a 1.61 GHz proving cluster we call a cell. Jolt Pro scales to infinity, the number of cells you can use in parallel is only limited by the size of the datacenter.
This work culminated in our demo last night, where we verified a month of Ethereum in just 30 seconds. A special moment and a good start. But so much more to come.
1/ Yesterday, we were extremely excited to share that ARK Invest is partnering with @LayerZero_Core on their upcoming Layer 1 blockchain, Zero, and that @CathieDWood will be joining Zero’s advisory board.
A Big thread to understand what happened 🧵
Today we changed the world by announcing Zero. I'm pausing for a second to take it all in. A once in a lifetime moment.
Tomorrow we go back to relentlessly building
We’re building Zero with the world’s foremost experts on markets, tokenization, and beyond.
Day Zero Partners
- @citsecurities, the next-generation global market maker
- @The_DTCC, the world's largest clearinghouse
- @ICE_Markets, the global leader in market infrastructure
Tether is investing into LayerZero Labs because they believe in our vision for the future.
To see for yourself what that future is, tune in at 4:30pm EST today.
Team has been killing themselves in this sprint but it’s by far the most important thing we’ve ever done
Two and a half years in the making
Four days left
A New Era