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This article takes stock of LayerZero ecological key projects
Foresight News
特邀专栏作者
2022-10-19 09:30
This article is about 3167 words, reading the full article takes about 5 minutes
In addition to the cross-chain bridge Stargate, the LayerZero protocol has been applied to many fields such as DeFi, NFT, and games.

Originally Posted by Babywhale, Foresight News

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It has entered the public's field of vision, and the leading investors include FTX Ventures, Sequoia Capital and a16z. The TVL of Stargate, its cross-chain bridge, exceeded US$2 billion one week after its launch, and exceeded US$4 billion in less than three weeks after its launch.financing newsfinancing news

, while the valuation is already three times the previous value. This round of financing, which has not yet been officially announced, revealed the fact that LayerZero will issue coins, and also aroused further attention from the market.

DeFi

Radiant Capital

Radiant CapitalIn this article, we will take stock of LayerZero-based projects that are currently receiving a lot of attention. Due to the openness of LayerZero, there may be many projects that the author has not paid attention to. Welcome to add.

It is a LayerZero-based full-chain lending protocol. Users can deposit collateral on the A chain and then lend it on the B chain to integrate the liquidity of multiple chains. At present, the project has launched the v1 version on Arbitrum, which currently only supports the lending of assets on Arbitrum. The project document shows that the v2 version will lend the whole chain of WBTC, ETH, and USDC.

Cashmere Labs

The homepage of the official website shows that the current market size of Radiant Capital is 87.62 million US dollars, and the total borrowings have reached 57.95 million US dollars.

Cashmere Labs aims to be a MEV-resistant DEX aggregator with full-chain interoperability. The current product is not yet online, but according to the official product introduction, Cashmere Labs includes two main products: stable currency transactions and cross-chain DEX aggregators that are resistant to MEV.

OmniBTC

Among them, stablecoin transactions improve issues such as slippage and liquidity through unilateral liquidity and incentives for unilateral liquidity; cross-chain DEX aggregators combine LayerZero’s cross-chain interoperability and 1inch’s liquidity, due to arbitrage The attacker cannot obtain the order information during inter-chain messaging, so it cannot carry out front-running transactions, "sandwich attacks" and other MEV-related attacks.

OmniBTC is a LayerZero-based cross-chain DEX aggregator that supports Ethereum, BNB Chain, Avalanche, and Polygon. The team said it will focus on the new public chains Aptos and Sui in the future.

Rage Trade

Taking the exchange of USDT on Ethereum for BNB on BNB Chain as an example, the path provided by OmniBTC is to use Stargate to convert USDT on Ethereum to USDT on BNB Chain, and then use PancakeSwap to trade for BNB.

InterSwap

Rage Trade is a full-chain Ethereum perpetual contract market, supporting Ethereum, Arbitrum, Avalanche and Fantom. Rage Trade directly deposits ETH-USD LP in DEX, currency markets (such as Aave, Rari, Euler) and derivatives markets (GMX, Ribbon) on supported networks into Rage Trade through the LayerZero-based cross-chain bridge Stargate , and deposit 80% of TVL in revenue-generating services (Curve, GMX, Sushi, etc.), and 20% of TVL provides liquidity for Rage Trade to support users in contract transactions.Pitch DeckInterSwap is a native multi-chain DEX protocol based on LayerZero. Its team is

Zhong said that using the LayerZero protocol can realize cross-chain transactions of assets in a single transaction, without the need for traditional cross-chain aggregators to aggregate multiple transactions.

Integrate LayerZero's DeFi protocol

SushiXSwap

SushiXSwap is a LayerZero-based full-chain transaction protocol launched by SushiSwap. The supported networks include Optimism, Arbitrum, Fantom, BNB Chain, Polygon and Avalanche. Users can conduct cross-chain transactions between supported networks and assets.

The picture shows the exchange of AXS tokens on Ethereum for USDC on Optimism

Hashflow

The decentralized trading platform Hashflow announced at the end of April the launch of the LayerZero-based Hashflow bridgeless cross-chain exchange service, which adopts the request for quotation (RFQ) model, and the token price is set by professional market makers. Supports token transactions between Ethereum, Avalanche, BNB Chain, Arbitrum, and Polygon.

Angle Protocol

Angle Protocol is a decentralized stablecoin protocol. It announced in August that it would integrate with LayerZero to enable the cross-chain transfer of its euro stablecoin agEUR between Ethereum, Polygon, Optimism and Arbitrum.

NFT

PFP

Tiny dino

Tiny dinotextOpenSeaThe floor price on the website is 0.059 ETH, and the transaction volume exceeds 4000 ETH.

Gh0stly Gh0sts

Gh0stly Gh0ststextOpenSeais the first LayerZero-based NFT project with a ghost theme. When the project was launched in April this year, because it was the first NFT project based on LayerZero, its floor price once exceeded 0.5 ETH.

NFT cross-chain protocol

Parakeet.dao

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According to the official website documents, Parakeet.dao also hopes to become an NFT cross-chain aggregator in the future, but has not disclosed the details yet.

Holograph

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The above three products are still in the beta stage and only support Goerli, Polygon and Avalanche testnets.

Omni X

Omni XIt is a full-chain NFT platform based on LayerZero. According to official information, Omni X aims to link creators and users, so that users can mint and trade NFT on its supported chains, so as to aggregate users and communities scattered on multiple chains.

Trantor

TrantorIt is a LayerZero-based NFT cross-chain communication infrastructure that supports NFT cross-chain transfers. Currently only supports the test network of BNB Chain and Polygon, and supports users to cast NFT for cross-chain operation on the test network.

Omnisea

OmniseaIt is a full-chain NFT Launchpad based on LayerZero and Axelar Network. Creators can issue NFTs that can be cross-chain based on LayerZero on the platform. At the same time, the project has issued the token OSEA, and the locked token can obtain part of the platform income as a reward.

Omnite

OmniteIt provides a full-chain NFT solution based on LayerZero. Its products have not yet been launched, but developers can use the SDK developed by it to build a full-chain NFT project.

NFTFi

Oswap

Oswap is developed by dLab and based on LayerZero's full-chain NFT DEX protocol, its Alpha test has now ended. Its protocol is similar to sudoswap, but supports LayerZero-based cross-chain transactions.

game

Catddle

CatddlegameOpenSeais a Web3 pet game, its NFT is issued based on LayerZero, as of the time of publication, it is in

Beyond

BeyondThe floor price on the platform is 0.035 ETH, and the transaction volume is 11 ETH. The current game content has not yet been released, but the official document shows that the game is similar to a pet raising game, and the token MEO and governance token CAT will be issued for in-game functions. The total amount of MEO is unlimited, and the total amount of CAT is 1 billion, of which 5% will be used for airdrops.

DeFi
GameFi
NFT
Cross-chain
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