The Addis International Convention Center is the latest addition to of our ongoing efforts to strengthen the Meetings, Incentives, Conferences, and Exhibitions (MICE) sector.
#Ethiopia#smartaddis#addisababa#turism#LandOfOrigins Adanech Abiebie- አዳነች አቤቤ
Addis Ababa shines as a vibrant, welcoming city with beautifully lit streets. Families, friends, and lovers stroll safely, sharing moments under the lights, a reminder for everyone to keep our cities clean and full of life for all to enjoy. #addisababa#Ethiopia@CyrilRamaphosa
TL;DR: LayerZero Builder Spotlight – Mach Finance
In this LayerZero Builder Spotlight, @futurenomics, co-founder of @machfinance, shared his journey into crypto, starting with Bitcoin mining in his college dorm back in 2016 (as one does).
Fast forward to today, Mach was created under the parent company @0xtristero to tackle one of DeFi’s core challenges: friction in cross-chain swaps. Their mission is to make it easy for users to swap any token on any chain instantly, solving inefficiencies that still exist.
What is Mach Solving?
Mach offers instantaneous cross-chain swaps with an architecture that supports thousands of direct routes between chains. Unlike traditional DEXs, which are limited to swaps on a single network, or bridges, which only transfer assets across chains, Mach enables secure and efficient swaps between any two chains, supporting the modularity and interoperability needed for emerging ecosystems.
Key Use Case:
• Cross-Chain Swaps: Mach supports over half a million swap pathways across major EVM-compatible chains, with plans to expand to Solana, Tron and more.
• Speed: Swaps are near-instant, with transactions settling in about 2 blocks.
Why LayerZero?
Before explaining why they chose LayerZero, Sam used an analogy to explain how a non-crypto user can understand LZ; just as the telegraph enabled fast, secure communication across distances, LayerZero replicates this communication across blockchains.
Sam highlighted LayerZero’s robust, modular security, impressive support from the team, and flexibility with extensive pathway options as key reasons for choosing the LayerZero protocol as their messaging solution.
How Does Mach Leverage LayerZero?
Mach Finance developed an optimistic settlement system, where the term "optimistic" means processing a proposed trade before it is fully settled on both chains. This allows faster execution with no risk to users, thanks to additional security layers.
• Optimistic Settlement: Mach’s system processes trades swiftly while awaiting final confirmation on both source and destination networks. This significantly speeds up cross-chain transactions, with no risk to users.
• Challenge Mechanism: Mach’s challenge system, powered by @LayerZero_Core messaging, continuously monitors transactions for discrepancies, ensuring rapid responses. This ensures order validity and mitigates risks during settlement, maintaining strong security.
By using LayerZero’s omnichain messaging, Mach ensures its optimistic settlement and challenge mechanism work seamlessly across all supported pathways, enabling fast and secure swaps.
Intent Protocols and Mach’s Approach:
Sam explained that while intent protocols like Mach offer instantaneous swaps, they shouldn’t be classified solely with bridges. Both serve their own purposes, but Mach’s intent-based design focuses on efficient cross-chain swaps without attempting to compete with major liquidity bridges like Stargate. Intent protocols offer distinct advantages for specific use cases, and Mach is excited to continue innovating and pushing the boundaries of cross-chain technology.
Future Expansion:
Mach is actively adding support for more networks and tokens based on user demand. Sam encouraged anyone to provide feedback on which assets and networks they’d like to see added to the platform.
It was great chatting with Sam about Mach and the innovative solutions they’re building to tackle the friction in cross-chain swaps.
We’re looking forward to more projects and ecosystems joining us for future sessions in the LayerZero Builder Series, where we’ll continue to explore how different teams are leveraging LayerZero to build the next wave of omnichain applications.
I held a constructive bilateral meeting with Chancellor Olaf Scholz in Berlin to further strengthen the political and economic ties between our two countries. We agreed to expand cooperation in clean energy, FDI, fertilizer production, and regional security issues.
Ethiopia and Germany enjoy close cooperation on matters of climate change, energy, education, regional peace and security.
Today we signed "Addis Tomorrow "project agreement that will allow us to build a huge and special economic zone in East Africa.
This "Addis Tomorrow" project with global reach will be constructed using the latest technology, and the special economic zone includes an international economic and commercial zone, an educational and cultural zone, a financial and business zone, and a modern housing zone.
The project will serve as the economic heart of our country and a center of technological excellence, and it will enhance the international role of our city and create job opportunities for many people.
On behalf of the residents of our city, I would like to thank our honorable Prime Minister Dr. Abiy Ahmed for his contribution to the achievement of this agreement.
Ethiopia is grateful for the immense support that China has provided over the years. The Comprehensive Strategic Cooperative Partnership between our two countries is a strong basis for mutual growth and development in many areas. I reiterated to President Xi Jinping our continued commitment to strengthening Ethiopia-China relations.