Ethereum L2 Linea receives expansion with the implementation of Myriad Protocol
Myriad Protocol, a new class of decentralized finance (DeFi) products, has announced its integration with the Ethereum Layer-2 network Linea. The integration, considered a "huge milestone" by Myriad's team, was announced by DASTAN co-founder and COO Ilan Hazan in a blog post.
With this integration, Myriad Protocol brings its innovative prediction contracts to Linea's hundreds of thousands of monthly active users. These contracts facilitate decentralized speculation on future events, a feature that Myriad's leadership believes is transformational within DeFi and could potentially become as widely adopted as ERC-20 tokens.
Myriad Protocol is not abandoning its current home on the Abstract network. Instead, it is extending its reach to create a broad multichain ecosystem. The strategy treats different blockchains as distinct but complementary ecosystems, supporting organic growth and wider community integration. Myriad intends to continue operating on Abstract while scaling across networks like Linea, aiming to reach diverse user bases and enhance scalability with lower costs and faster transactions.
DASTAN co-founder Farokh Sarmad suggests thinking about Myriad 10 times bigger at this stage. The expansion includes plans to introduce infrastructure that changes the way content is consumed and distributed globally. Myriad's goal is to serve users with opportunities to participate in this new class of DeFi products, wherever their capital is on-chain.
The integration with Linea allows Myriad to scale more efficiently. Myriad Protocol will power Myriad Markets on Abstract as well as implementations on other chains. DASTAN co-founder and CEO Loxley Fernandes expressed excitement about the integration with Linea.
Myriad's future plans include restaking. The team views chains as ecosystems, and is open to moving to other chains to address other communities if necessary. The integration lays the groundwork for Myriad's future multichain expansion.
USDC Prediction Markets are now live on Linea, and Myriad developers are working on a pipeline of new products. Myriad's prediction contracts are now available on Linea, marking a significant step forward in Myriad's mission to diversify and deepen DeFi engagement across interoperable blockchain ecosystems.
In summary, Myriad's plans after the Linea launch focus on multichain scalability, broadening user access, and pioneering decentralized prediction markets to diversify and deepen DeFi engagement across interoperable blockchain ecosystems. The integration with Linea is a crucial step in this direction, enabling Myriad to bring its innovative prediction contracts to a larger audience and paving the way for future multichain expansion.
- Myriad Protocol's innovative prediction contracts, previously available on the Abstract network, are now extended to Linea's network, reaching hundreds of thousands of monthly active users.
- DASTAN's co-founder Farokh Sarmad envisions Myriad Protocol to be ten times bigger, with plans to introduce infrastructure for global content consumption and distribution.
- With the integration with Linea, Myriad Protocol aims to scale more efficiently, powering markets not only on Abstract but also on other chains as well.
- USDC Prediction Markets are now live on Linea, and Myriad developers are currently working on a pipeline of new products to diversify and deepen DeFi engagement.
- Myriad Protocol's future strategies include multichain scalability, broadening user access, and staking on various chains as necessary, laying the groundwork for future expansion across interoperable blockchain ecosystems.
