Connext Weekly #71 - Chain Abstraction is here, Partnering with Midas, LP Campaign
May 24-June 4, 2023
Welcome to a new week of the cross-chain world of Connext!
Let's dive in and explore the latest developments in the Connext Network Ecosystem👇
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Connext Introduced Chain Abstraction
Connext has introduced something revolutionary: chain abstraction with the goal of simplifying the layer-2 experience!
Similar to how account abstraction is designed to simplify the end-user experience with wallets, chain abstraction is designed to enable users to interact with multiple dApps on different chains without ever needing to leave the user interface.
Read the full announcement here.
Check out the Chain Abstraction landing page to learn more.
Join the Waitlist for the full Chain Abstraction Toolkit.
If you have any questions get in touch with the Team on Discord.
Connext Partnered With Midas to Chain Abstract Pool Deposits
Midas Capital is a protocol for isolated money markets. The integration with Connext enables fast and trust-minimized deposits from supported chains into any pool on Midas, improving user experience by reducing the friction of moving funds between chains.
Midas’ Chain Abstracted lending flow is currently live on their preview application and will be launched soon.
Read more about the partnership here.
Join Connext’s Workshop with Gnosis
Gnosis hosts the best teams building on Gnosis Chain each month for a live demo on Discord!
The upcoming edition is with Connext and the Team will showcase the Chain Abstraction Toolkit on June 7, Wednesday at 3 PM UTC in Gnosis Chain Discord.
Join here.
New Campaign: Add $DAI or $USDT LP to Earn NFT #2
Earn yield and NFT on your USDT/DAI by providing liquidity on the pools on Optimism, Arbitrum, BNB, Gnosis and Polygon.
Provide liquidity in either USDT or DAI on any of the chains supported during the 45 days of the campaign (The campaign ends mid-July) and have LPed for at least 30 total days out of 45 days
Be among the top 30% of liquidity providers in the USDT or DAI pools
There will be a SPECIAL NFT if you participate in both LP Campaigns #1 and #2! Read more about the campaign here.
#Next Wave Of Twitter Spaces Are Here!
The next session of the How To Build A DAO series is "How to Build DAOs" with BendDAO, Offchain Labs and Connext!
Listen the conversation here on Jun 6 at 3 AM CET.
From the Connext Community
https://twitter.com/MidasCapitalxyz/status/1661850238183718912?s=20
https://twitter.com/onmetahq/status/1664555607628857350?s=20
https://twitter.com/prode_eth/status/1664301126823313408?s=20
https://twitter.com/0xanedi/status/1664305047839076353?s=20
https://twitter.com/gnosischain/status/1664267373816446976?s=20
https://twitter.com/DoganEth/status/1664263294952292352?s=20
https://twitter.com/lifiprotocol/status/1663145676627386368?s=20
https://twitter.com/fju_ry/status/1662095723062599680?s=20
https://twitter.com/BwareLabs/status/1662066505402466309?s=20
https://twitter.com/RHLSTHRM/status/1661998955633209345?s=20
https://twitter.com/DailyGwei_TV/status/1662203210608566276?s=20
https://twitter.com/ConnextNetwork/status/1664590180551114754?s=20
(Tweets are not viewable because Twitter API is currently disabled on Substack.)
WEEK #71 BY THE NUMBERS
TOTAL VALUE LOCKED (TVL): $33,055,190
TOTAL VOLUME: $94,901,000
TOTAL TXS: 135,898
The graphic above shows the statistics only after the Amarok upgrade.
Check out the full metrics dashboard: transfers, routers, and status on ConnextScan.
Connext is Hiring!
Connext Labs is looking for talented co-workers!
Developer Evangelist
Integrations Engineer
Both roles are full-time, 100% remote opportunities to work with the most talented crypto team worldwide!
Apply here.
Bridge, Swap, LP and Buidl with Connext.
About Connext Network
Connext is a modular interoperability protocol that lets you build secure cross-chain apps (xApps).
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