Cronos EVM Introduces Stargate Ethereum and USDC Swimming Pools Upon Integration with LayerZero
📣 New Stargate Pools on Cronos EVM 📣
Hey there! Cronos EVM, the Ethereum-compatible blockchain for the Cronos ecosystem, just got even more exciting. They've hopped on board with LayerZero's omnichain messaging protocol, making two brand new Stargate liquidity pools a reality on Cronos EVM. Say hello to ETH and USDC pools! 💰
Merging Liquidity Across Blockchains 🌐
These new Stargate pools let users take advantage of deep liquidity from multiple networks, improving trading efficiency. Thanks to LayerZero's integration, Cronos can now connect with over 50 blockchains, offering seamless interoperability and a unified pool of liquidity. 🤝️
Built onto LayerZero, Stargate's liquidity architecture allows for smooth connectivity, opening up exciting opportunities for cross-chain DeFi applications. Developers and users on Cronos can now unlock the power of interconnected networks. 🚀
Cronos' Lead, Mirko Zhao, has expressed enthusiasm for these new connections:
"LayerZero has just expanded the Cronos universe! With ETH and USDC Stargate pools in play, Cronos EVM users can now enjoy unlimited liquidity. At the same time, DeFi projects can create innovative cross-chain products native to Cronos, yet compatible across various networks.We can't wait to see what magical creations will come forth!"
With the integration of Stargate, Cronos has significantly boosted its end-user experience, particularly in the realm of token bridging.
Bridging Liquidity Across Different Blockchains 🔗
According to Foundation Lead, "Lamps," at Stargate, Cronos is a cornerstone of the DeFi industry. By connecting to Stargate's Omnichain liquidity network, Cronos enters a universe where value flows freely, and developers are empowered to craft the next generation of cross-chain applications.
A core component of Stargate's V2 protocol, Hydra operates as a Bridge-as-a-Service (BaaS). This service enables chains without native assets to tap into a unified pool of liquidity across Stargate's entire network.
By depositing native assets in core pools and minting 1:1 Hydra-backed assets on connected chains, dApps can link directly to the Omnichain. This results in greater interoperability, capital efficiency, and stablecoin support. New chains can now easily bootstrap liquidity and users, enabling rapid growth from day one.
The launch of the new pools and Omnichain connectivity on Cronos EVM will create direct pathways between the Cronos ecosystem and Stargate's connected chains such as Ethereum, Arbitrum, Optimism, and Base. This will allow Cronos to expand TVL and liquidity as users can now effortlessly move between blockchains.
And there you have it! With the connection of Cronos EVM to over 50 blockchains through LayerZero, users will experience a more seamless trading experience, and DeFi projects can enjoy the benefits of a unified Web3 environment. So, let's get swapping and building! 🥳💻🌍
- The new Stargate pools on Cronos EVM, connect Cronos with over 50 blockchains, thanks to LayerZero's omnichain messaging protocol.
- These ETH and USDC Stargate pools afford users deep liquidity from multiple networks, enhancing trading efficiency.
- With Stargate's integration on Cronos EVM, developers and users have the opportunity to unlock the power of interconnected networks for cross-chain DeFi applications.
- Mirko Zhao, Cronos' Lead, is excited about these new connections, stating that they have expanded the Cronos universe.
- By linking to Stargate's Omnichain liquidity network, Cronos enters a universe where value flows freely, allowing DeFi projects to create cross-chain products.
- Stargate's core component, Hydra, acts as a Bridge-as-a-Service (BaaS), enabling chains without native assets to tap into a unified pool of liquidity across Stargate's network.
- By depositing native assets in core pools and minting 1:1 Hydra-backed assets on connected chains, dApps can link directly to the Omnichain, resulting in greater interoperability, capital efficiency, and stablecoin support.
- The launch of new pools and Omnichain connectivity on Cronos EVM allows Cronos to expand TVL and liquidity as users can now effortlessly move between blockchains like Ethereum, Arbitrum, Optimism, and Base.
