Connext Weekly #45
(Oct 28-Nov 4, 2022)
Welcome to a new week of multi-chain world Connextors!
Let’s take a look together at what happened in the previous days of Connext Network!
Last week in Connext Ecosystem
Themis Protocol Partnered with Connext!
Themis has partnered up with Connext to unlock new use cases for cross-chain liquidity: routers will run more efficiently, and Themis users will be able to access liquidity on any chain.
Themis Protocol increases the efficiency of liquidity pools within Defi. It allows users to deposit their yield-bearing tokens as collateral and borrow stablecoins against them.
Thanks to the integration with Connext, users will be able to deposit collateral on any chain and access Themis liquidity on any other chain.
For example, a Uniswap LP token can be deposited on Optimism, and then USDC can be borrowed on Polygon where the interest rate/liquidity is more beneficial.
This new, improved, cross-chain liquidity will become a fundamental tool for traders, market makers, DAOs and institutions that will want to maximize their returns on any domain.
The progress of this integration will be shared as it comes live with Amarok in a few weeks. Meanwhile, read the official announcement by Connext here.
New integration: Connext X Zodiac (GnosisGuild)
As protocols continue to expand to multiple chains, their controlling DAOs need to expand their capabilities beyond their traditional “headquarter” on the origin chain.
This is where xChain tools built on Connext come in.
DAOs can now interact with multiple chains without having to disperse their liquidity or erode the experience of their members. Crosschain tools are intended to solve some current and expanding problems for DAOs and their members.
“The Zodiac ecosystem, maintained by members of Gnosis Guild, has principles that perfectly align with Connext, as both systems rely on modularity to provide the best security and flexibility for developers”, explained Auryn Macmillan, co-founder of Gnosis Guild.
The Connext Module was built on the work of Zodiac’s previous AMB Bridge Module, expanding its capabilities to account for different interfaces and data validation methods.
WhatsNext?
One of the best features of Connext is the ability to bundle crosschain token transfers along with messages. This opens up a wide variety of new use cases that will help to expand the feature set of DAOs and ultimately the way we think of them in the future.
Read more about the integration here.
Connext is Hiring!
Connext is looking for talented and self-driven co-workers!
Developer Evangelist
Developer Relations Engineer
All three roles are full-time, 100% remote opportunities to work with talented crypto team members worldwide! Apply here.
Did you try Amarok Test yet?
You can now bridge, run a router, or build on to the newest Connext upgrade.
Read more about the Amarok Testnet here.
Mainnet soon.
As we stabilize and complete the audits, we are keen to move to mainnet as soon as possible.
WEEK #45 BY THE NUMBERS
TOTAL VALUE LOCKED (TVL): $22,179,135
TOTAL VOLUME: $1,202,682,280
TOTAL TXS: 1,036,762
Check out the full metrics dashboard and routers, leaderboard, and status on ConnextScan.
From the Connext Community
GRANTS
Connext is looking for devs and apps that want to build great things for new cross-chain experiences through Connext.
If you have a team or working as an individual, both are welcome to contribute!
You can explore all grants here.
If you think you’re able to contribute, apply here.
Did you know Connexters created their own unofficial local communities?
Find yours below to engage with other Contextooors in your own language:
Chinese | Japan | Korean | Thai | Turkish | Russian | Nigeria | German
Spanish | Italian | Indonesia & Malaysia | Vietnam | Africa | Vietnam
Join Connext Discord Channel
About Connext Network
Connext powers fast, secure bridging between blockchains and L2s for composable, trust-minimized value.
Bridge Cross-Chain with Connext
Try Amarok Testnet
lfg
lfg