DeFi liquidity protocol adds zkEVM rollup developed by Consensys Linea
Liquidity protocol co-founder said the zk roll-up based scalable solution has the potential to solve the scalability dilemma proposed by Ethereum co-founder Vitalik Buterin.
News
Join us on social networks
Amid the growing popularity of the scalable zero-knowledge (ZK) proof-based layer 2 solution, decentralized financial liquidity protocol Symbiosis has added support for Linea, a scalable solution developed by Consensys based on zkEVM for cross-chain swaps.
Symbiosis said in a statement that Linea is a developer-ready type of zkEVM roll-up, which means it is compatible with Ethereum and thus allows developers to reuse much of the existing infrastructure to build multi-asset based solutions. Linea includes over 100 protocols, developer tools, and decentralized applications (Dapps), making it a useful scalable tool for developers in the Ethereum ecosystem.
Symbiosis Finance entered the mainstream with its stablecoin liquidity solution in March 2022. Since then, the cross-chain liquidity provider has integrated several other scalable Layer 2 solutions.
Earlier in April, the protocol integrated zkSync, another zk rollup developed by Matter Labs. The integration has helped the protocol provide one-click exchanges from Ethereum, Polygon, Avalanche, BNB Chain, Telos, and other blockchains to zkSync and vice versa. Besides zkSync, the cross-chain liquidity protocol has also added other popular L2 solutions including Polygon's zkEVM, Optimism, and Arbitrum since April.
Cointelegraph reached out to Symbiosis co-founder Nick Avramov to get some insight into the protocol rendezvous with L2 solutions, what made them choose Linea and how the solution stacks up against other L2s. Avramov told Cointelegraph that Linea aligns perfectly with the protocol's strategy to support the most popular L2s and that the decision to integrate it was based on community feedback and requests from partners such as OpenOcean, OKX DEX and more, who use Symbiosis SDK/API.
Talking about the rise of the ZK stacks as a top L2 force, Avramov said:
"zk roll-ups have better user onboarding capabilities as they target new areas like Ga...
Liquidity protocol co-founder said the zk roll-up based scalable solution has the potential to solve the scalability dilemma proposed by Ethereum co-founder Vitalik Buterin.
News
Join us on social networks
Amid the growing popularity of the scalable zero-knowledge (ZK) proof-based layer 2 solution, decentralized financial liquidity protocol Symbiosis has added support for Linea, a scalable solution developed by Consensys based on zkEVM for cross-chain swaps.
Symbiosis said in a statement that Linea is a developer-ready type of zkEVM roll-up, which means it is compatible with Ethereum and thus allows developers to reuse much of the existing infrastructure to build multi-asset based solutions. Linea includes over 100 protocols, developer tools, and decentralized applications (Dapps), making it a useful scalable tool for developers in the Ethereum ecosystem.
Symbiosis Finance entered the mainstream with its stablecoin liquidity solution in March 2022. Since then, the cross-chain liquidity provider has integrated several other scalable Layer 2 solutions.
Earlier in April, the protocol integrated zkSync, another zk rollup developed by Matter Labs. The integration has helped the protocol provide one-click exchanges from Ethereum, Polygon, Avalanche, BNB Chain, Telos, and other blockchains to zkSync and vice versa. Besides zkSync, the cross-chain liquidity protocol has also added other popular L2 solutions including Polygon's zkEVM, Optimism, and Arbitrum since April.
Cointelegraph reached out to Symbiosis co-founder Nick Avramov to get some insight into the protocol rendezvous with L2 solutions, what made them choose Linea and how the solution stacks up against other L2s. Avramov told Cointelegraph that Linea aligns perfectly with the protocol's strategy to support the most popular L2s and that the decision to integrate it was based on community feedback and requests from partners such as OpenOcean, OKX DEX and more, who use Symbiosis SDK/API.
Talking about the rise of the ZK stacks as a top L2 force, Avramov said:
"zk roll-ups have better user onboarding capabilities as they target new areas like Ga...
What's Your Reaction?
