author | @defioasis
edit | Colin Wu
LayerZero completed a US$120 million Series B round of financing invested by a16z Crypto and Sequoia Capital on April 4, with a post-financing valuation of US$3 billion. As a full-chain interoperability protocol, LayerZero also integrates and cooperates with multiple protocols including DeFi andNFT tracks, and there are some excellent projects among them. This article will introduce the current main projects of LayerZero.
bridge
Stargate
Stargate is the first Dapp built on Layerzero and is also a fully composable native asset bridge. With LayerZero’s Series B funding, Stargate’s daily interactions have skyrocketed. Currently, users can Cross-chain various assets such as USDC, USDT ,DAI ,STG , RDNT , and FRAX on 8 public chains including Ethereum, BNB Chain , Polygon , Arbitrum , Optimism , Fantom , Metis , and Avalanche . When users Cross-chain non-STG assets, the protocol will charge a 0.06% handling fee. In addition, users can also provide Liquidity in different public chains through Stargate and obtain staking rewards.
Stargate has issued STG Token, and holders who pledge STG can not only obtain the income dividend of the agreement, but also exchange the corresponding share of veSTG according to the pledge period to participate in community governance such as proposals and voting. The current holder's pledge time can be selected from 1 month to 36 months. As of April 7, Stargate TVL exceeded 410 million US dollars, and the number of transactions in April exceeded 470,000, which has reached a ATH in a single month.
Aptos Bridge
Aptos Bridge supports multiple assets such as ETH , USDC, USDT, WETH, USDD, CAKE, BTC.b, and 6 EVM-compatible chains including Ethereum, BNB Chain, Polygon , Arbitrum, Optimism, and Avalanche to bridge to the Aptos network. It should be noted that there is a waiting period of 2 to 3 days for users to transfer assets from Aptos.
USDC Bridge
The USDC Cross-chain bridge cooperated by Circle and Layer Zero currently supports USDC test currency Cross-chain between Avalanche’s Fuji testnet and Ethereum’s Goerli testnet. Users can receive test coins at the faucet to participate in the Cross-chain.
Holograph
Holograph is an NFT Cross-chain bridge that currently supports users to perform NFT bridges on the three chains of Ethereum, Polygon , and Avalanche. In addition to NFT Cross-chain, users can also create their own NFT on the Holograph page.
BTC(Bitcoin Bridge)
BTC.b is a bridge specially built for BTC assets, using the LayerZero Omnichain Fungible Token (OFT) standard to seamlessly integrate BTC in all LayerZero supported networks, allowing users to trade on Ethereum, BSC, Arbitrum, Optimism, Fantom, Avalanche and Aptos Carry out Cross-chain BTC assets.
Testnet Bridge
Testnet Bridge is a public product for developers from LayerZero. Developers can exchange for ETH on Ethereum through the GETH bridge of the Ethereum Goerli test network, or exchange for GETH of the Goerli test network through the bridge of Ethereum, Arbitrum, and Optimism. Through the exchange of Testnet Bridge, it solves the problem that developers cannot start project testing due to insufficient GETH.
DEX
Hashflow
Hashflow is a decentralized exchange designed for interoperability, zero slippage, and MEV protection. Users can use Hashflow to experience the Cross-chain transaction function, and exchange ETH , Matic , USDT and other assets on the 6 public chains of Ethereum, BNB Chain, Polygon , Arbitrum, Optimism and Avalanche.
Sushiswap
Sushiswap is one of the established DeFi projects, but it is also a new star of the LayerZero asset Cross-chain protocol. Users can use the platform to conduct Cross-chain asset transactions on Ethereum, BNB Chain, Polygon , Arbitrum, Optimism, Avalanche, and Fantom. The supported Cross-chain transaction assets include ARB, ETH , USDT, DAI, etc.
borrow money
Radiant Capital
Radiant is a full-chain lending platform that has currently integrated Arbitrum and BNB Chain. Users can deposit or lend 5 assets including ETH , USDT, DAI, USDC, and WBTC on Arbitrum, and 6 assets including ETH, USDT, USDC, BTCB, BUSD, and BNB on BNB Chain. Official website data shows that the current assets of Radinat on Arbitrum amount to 315 million US dollars, which is the largest lending agreement on Arbitrum; the assets on BNB Chain exceed 160 million US dollars. Radiant has issued RDNT Token, which is mainly used to motivate users to provide Liquidity and governance, and to support the bridging of RDNT on the two chains of BNB Chain and Arbitrum.
Perpetual contracts
Rage Trade
Rage Trade is a Derivatives exchange built on LayerZero, where users can trade futures or options. Rage Trade generates income by bridging ETH / USD pools of protocols such as GMX and Sushiswap, and provides circulating Liquidity. Rage Trade is able to utilize LP Tokens from Polygon, Avalanche, Solana and other blockchains as the protocol's Liquidity on the Arbitrum chain. Taking 3CRV Vault as an example, when 3CRV LP Token is used as collateral on Chain A, it can also provide virtual Liquidity for Rage Trade on Chain B. Currently Rage Trade has not issued Token yet.
NFT
Omni X
Omni X is a full-chain NFT platform built on LayerZero, which supports NFT transactions of 8 public chains including Ethereum, Arbitrum, Optimism, BNB Chain, Avalanche, Moonbeam, Polygon and Fantom, and will expand to Solana and other non-EVM in the future chain integration. Currently, Omni X has not opened the Mainnet yet and is still in testing.
Gh0stly Gh0sts
Gh0stly Gh0sts is the first full-chain NFT on LayerZero, with a total of 7,710 and a current floor price of 0.195 ETH. It is also praised by the community as the most likely to receive LayerZero's future potential AirDrop weight.
domain name
Layer Zero Name Service
LayerZero Name Service is a domain name service specially designed for Multichain. After completing the registration of LayerZero Name Service, users can display their own chains on 8 public chains including Ethereum, BNB Chain, Polygon, Arbitrum, Optimism, Fantom, Metis, and Avalanche on the domain name identity. The current LayerZero Name Service five-digit and above domain registration fee is $5 a year, four-digit domain name registration fee is $30 a year, three-digit domain name registration fee is $100 a year, users can choose 1 year, 2 years , 5-year and 10-year duration registrations. Currently user registration is only possible on Ethereum. As of April 7, 9,500 addresses have registered with the LayerZero Name Service.
refer to:
https://bixinventures.medium.com/portfolio-insights-layerzero-fdda888c5188
