AXEL

Blockchains, by default, are isolated from each other. Performing value and data transfers securely cross-chain requires special implementations, such as the one developed by Axelar, which will soon add MultiversX to its growing list of supported networks. MultiversX, the first fully sharded blockchain architecture that is capable of 100,000+ transactions per second at negligible fees, continues its aggressive expansion, called Hypergrowth, with a new integration aimed at boosting interoperability. Once in production, the Axelar interoperability layer will allow assets from over 50 chains to be bridged over to MultiversX, and vice-versa, enabling them to benefit from increased performance and efficiency. For example, ERC-20 tokens like USDC, USDT, or even ETH, will become extremely convenient to use for payments and DeFi opportunities by inheriting the capabilities of the MultiversX network. On top of fast and inexpensive transfers, tokens operating on MultiversX gain from several other enhancements like composability by design, non-VM dependance, and superior security as it eliminates the problematic ‘approve’ and ‘transferFrom’ functions that cause most of the wallet drains on EVM chains. ” said Lucian Mincu, CIO MultiversX “Tokens should not reside in smart contracts. There are undeniable advantages in having them operate in the same way as the native network token, and Axelar introducing additional interoperability options for letting more users, communities and developers engage with the innovative MultiversX token standard will benefit the entire blockchain ecosystem. The Axelar cross-chain gateway protocol is powered by a dynamic validator set to ensure decentralization, robustness and censorship-resistance. The integration with MultiversX will include a set of plug-and-play tools for developers to be able to easily go cross-chain with their decentralized applications. This will make it possible for users to “interact with any asset, any application, on any chain, with one click”. said Georgios Vlachos, Director at Axelar Foundation “Axelar network is continually expanding to connect all of Web3.  That expansion continues with MultiversX, a vibrant ecosystem that will add value and utility to all 50+ connected chains." The planned integration has just been announced by representatives of the two projects on the xDay stage. The annual conference organized by MultiversX gathered major tech companies such as Google Cloud, AWS, Tencent Cloud, Deutsche Telekom, as well as government officials, builders and specialists from various domains to present new innovations and paths to integrate blockchains into digitization efforts. About Axelar Axelar is the full-stack interoperability layer for Web3. The network enables blockchain as a new application development platform, by integrating ecosystems of innovation into a seamless “Internet of blockchains.” Axelar is programmable and decentralized, secured by a proof-of-stake token, AXL. Application users unlock and access digital assets on any blockchain, with one click. Developers work with a simple API and access an open market of tooling to automate complex tasks. About MultiversX A highly scalable, secure and decentralized blockchain network created to enable radically new applications, for users, businesses, society, and the new metaverse frontier.

Assets From 50+ Chains To Become Available On MultiversX Via Axelar

Axelar এর মাধ্যমে MultiversX-এ উপলব্ধ হতে 50+ চেইন থেকে সম্পদ

Vermögenswerte von über 50 Ketten werden über Axelar auf MultiversX verfügbar

Los activos de más de 50 cadenas estarán disponibles en MultiversX a través de Axelar

Les actifs de plus de 50 chaînes seront disponibles sur MultiversX via Axelar

एक्सेलर के माध्यम से मल्टीवर्सएक्स पर 50+ श्रृंखलाओं की संपत्तियां उपलब्ध होंगी

50以上のチェーンのアセットがAxelar経由でMultiversXで利用可能に

Axelar를 통해 MultiversX에서 사용할 수 있는 50개 이상의 체인 자산

Ativos de mais de 50 cadeias serão disponibilizados no MultiversX via Axelar

Активы из более чем 50 сетей станут доступны на MultiversX через Axelar

50'den Fazla Zincirin Varlıkları Axelar Aracılığıyla MultiversX'te Kullanılabilir Olacak

Tài sản từ hơn 50 chuỗi sẽ có sẵn trên MultiversX thông qua Axelar

来自 50 多个链的资产将通过 Axelar 在 MultiversX 上提供

Sergey Gorbunov is the co-founder and CEO of Axelar. Axelar is a decentralized blockchain network built on interoperability. As well as being an assistant professor he was also on the founding team of web 3 giant Algorand. In this ama, we chatted with Sergey about his blockchain network, his background, and the basics of blockchain. Check it out below! slogging This Slogging thread by Abeer, Sergey Gorbunov, Drone Warfare, Giovanni Martorella, Pamela Liang, Aman Shaikh, Felix Changoo, Melissa Schwartz and Ildar Utebaev occurred in slogging's official #amas channel, and has been edited for readability. Abeer Apr 5, 2022, 12:00 PM Hey @channel, please join me in welcoming our next AMA guest, Sergey Gorbunov. Sergey is a co-founder and CEO of Axelar, a decentralized blockchain interoperability network. He received a Ph.D. from MIT, where he was a Microsoft Ph.D. fellow. His Ph.D. dissertation was on designing cryptographic tools for the cloud using lattice-based cryptography, for which he received the Sprowls Doctoral Thesis Award for best thesis in CS at MIT. Sergey is a co-author of many cryptographic protocols, standards and systems. He is an Assistant Professor at the University of Waterloo and was on the founding team of Algorand, where he worked on the core platform design and development and led the cryptography group. Please feel free to ask Sergey anything about: Blockchain infrastructure Blockchain security Cross-chain services (i.e., interoperability between chains) Web 3 technology and its uses Abeer Apr 5, 2022, 12:01 PM Hello Sergey Gorbunov! It’s an honor to have you here! Can you start by telling us a bit about yourself, your background, and Axelar? Sergey Gorbunov Apr 5, 2022, 12:14 PM Hey everyone: Great to be here. Sergey here. I work on distributed systems, cryptography, blockchains, and other related things. Really enjoy solving problems of all shapes and forms. About a year and a half ago, my co-founder, Georgios Vlachos, and I started Axelar to solve the most challenging and important problem for the blockchain ecosystem for the coming years: how to securely connect and enable communication across multiple blockchains. We've been building Axelar ever since. Today, we have ~30 full-time members of the team, raised over $65m in funding, started our main network launch, and will soon deliver interoperability to all of web3. Feel free to ask me anything about Axelar, blockchains, security, web3, [or even academia]. 👋 7 Drone Warfare Apr 5, 2022, 12:28 PM Hi Sergey Gorbunov. You have a very impressive background. I'd like to ask an insightful question but I don't really know much about Blockchain. How would you explain Blockchain to someone completely new to the concept? Sergey Gorbunov Apr 5, 2022, 12:34 PM Drone Warfare The simplest way to think about it is of a distributed database and compute environment with strong security properties. Anyone can read and write transactions or data to it. A decentralized set of node operators executes the transactions and ensures they cannot be erased or repeated [i.e. when you send funds to a merchant, you want to make sure the funds are sent only once]. The "blockchain protocol" ensures these properties. It also can tolerate malicious nodes [up to a certain threshold] and cannot be simply turned off as anyone can participate in the consensus and continue performing the verification functions. So it's a reliable compute and storage environment that can be used to exchange and compute information jointly. Giovanni Martorella Apr 5, 2022, 8:46 PM Hello Sergey Gorbunov what do you see as the benefits of web3 for people's everyday life like how web2 really brought everyone closer together in communication? What new ways can web3 revolutionize the internet? Nice to meet you by the way. Sergey Gorbunov Apr 6, 2022, 1:59 AM I'd say that the main difference is that in web3 you're building on an open environment with global distribution. You can build on a platform that has users, distribution, and financial mechanisms to transact across the globe all on the same platform. 👍 1 Sergey Gorbunov Apr 6, 2022, 2:00 AM Since data and code are open, composability becomes one of the key benefits. Anyone can see all data, and the state of the system and build on top of it, improve, and iterate. 🙌 1 Giovanni Martorella Apr 6, 2022, 2:44 AM Amazing, web3 sounds exciting overall. Another question I have Sergey Gorbunov is what part does blockchain play in Web3 really? 🙂 Pamela Liang Apr 6, 2022, 4:16 AM How does Blockchain compare to other systems and databases when it comes to security? Sergey Gorbunov Apr 6, 2022, 2:34 PM Web3 is powered by blockchains. they serve as permissionless distributed ledgers that help organize and exchange information. Sergey Gorbunov Apr 6, 2022, 2:35 PM Traditional distributed systems and databases do not guarantee transaction or data integrity in the presence of malicious nodes on the networks. Blockchain consensus protocols and systems guarantee that data is safe and unmalleable even in the presence of malicious nodes on the network. Aman Shaikh Apr 6, 2022, 5:45 PM what are your thoughts on the differences between LayerZero and axelar networks? What are the trade-offs for developers choosing to build on either platform? Also, what are your views on allegations by the LayerZero cofounder about dishonesty, what you think? Sergey Gorbunov https://twitter.com/PrimordialAA/status/1511403360838041608?t=D1MlNr2_rnT_bz_fRpFIdQ&s=19 Aman Shaikh Apr 6, 2022, 6:03 PM Please answer sir Sergey Gorbunov Felix Changoo Apr 6, 2022, 8:18 PM Hey Sergey, nice to meet you 👋 ! I'd love to know what a cross-chain service is and what’s a good example of one? Sergey Gorbunov Apr 6, 2022, 9:49 PM Layerzero delegates trust to external oracles and relayers. Right now it's a 2/3 multi-sig setup. Axelar is a decentralized proof of stake interoperability network, similar to cosmos or avalanche. Sergey Gorbunov Apr 6, 2022, 9:51 PM Cross-chain services allow users to use their assets across any blockchain with no friction. For instance, you can transfer or swap your assets across chains with 1 click. Or if you have an NFT on blockchain 1, you can take a loan against it in application on blockchain 2. Felix Changoo Apr 6, 2022, 9:59 PM Thanks, Sergey!! Melissa Schwartz Apr 6, 2022, 10:31 PM Hello Sergey Gorbunov. I'd like to ask you more about Axelar. You said earlier that you started Axelar to securely connect and enable communication across multiple blockchains. How does Axelar attempt to solve this problem and how does it differentiate itself from competitors? Thank you. Aman Shaikh Apr 6, 2022, 11:20 PM LayerZero person made fun of the axelar team member Sergey Gorbunov why is the founder making fun of axelar? what you think sir https://twitter.com/PrimordialAA/status/1511798588208447490?t=5u5KMEOBU7ZrI89Tq3na-A&s=19 Ildar Utebaev Apr 7, 2022, 2:20 AM Hi, Sergey Gorbunov! The DAOs are very popular now, is it planned to create a DAO or partnership/friendship with already created ones in the Axelar ecosystem in the future? Ildar Utebaev Apr 7, 2022, 2:41 AM About the token. Many members of the community often have questions: -  token staking: how will it be implemented? in particular, people are interested in stаking locked tokens on Coinlist? -Will Axelar have its own wallet? -Why was the erc-20 token standard chosen for the sale? Ildar Utebaev Apr 7, 2022, 2:49 AM New blockchains.  We see that Axelar is developing and moving towards its goal. So, what new blockchains will be added to the ecosystem? BSC, Solana...? Ildar Utebaev Apr 7, 2022, 3:01 AM Community. Right now, we know about several grant programs for dAPPs developers and for finding vulnerabilities and bugs. I know that there will be activities and contests in the project's Discord soon. Is there anything else planned? The ambassador's program (besides QCP), for example? Ildar Utebaev Apr 7, 2022, 3:14 AM A question from my 8-year-old son Danis:  I want to become as smart and successful as you. Parents suggest reading a lot and doing math. Does it work? Are there any life hacks for young people like me? Sergey Gorbunov Apr 7, 2022, 1:11 PM Ildar Utebaev great questions. Really enjoy seeing a lot of amazing work coming out from DAOs. We're collaborating with a few and plan to expand our collaborations. Staking is based on standard rules in PoS systems. Users can stake their tokens with validators who participate in the consensus. The users earn the corresponding rewards for helping to secure the network [minus the commission fees taken by the validators]. Keplr, Cosmostation, and Ledger are already supported. We might develop a wallet, but for now, we're working with a lot of already amazing wallets to integrate. Axelar token will be cross-chain from day 1. Meaning you can move it around and participate in different DeFi or staking opportunities across many blockchains. So whether the distribution happens in erc-20 or native format, will not affect what you can do with the token. erc-20s have wider usability in the early days of the network as they're easier to integrate with dapps. But our goal is to have the native support as wide as possible, it just takes a bit longer in practice. We want to connect all blockchains over the coming years, including BSC, Solana, etc. [will reply to remaining questions shortly] 🔥 2 Sergey Gorbunov Apr 7, 2022, 1:46 PM 6. Community. Expect to see more dev grants, community contests, ecosystem grants, etc. We're just getting started. 7. to Danis. Doing a lot of math and programming is great. There are a lot of interesting puzzles, competitions, online contests, and study groups you can participate in. Getting into a habit of exercising regularly and eating healthy is also important. Overall, find what you're good at and enjoy doing, and do it 10x more than others and you'll be great. 🔥 2 Ildar Utebaev Apr 7, 2022, 3:39 PM Thank you very much, Sergey! Wish you good luck and prosperity in the Axelar project! We all will win together! Abeer Apr 7, 2022, 4:58 PM Sergey Gorbunov Thank you for all the insightful answers! It was absolutely fantastic having you here. Before we wrap up this AMA, do you have any final thoughts, closing remarks, or anything you’d like to promote to our readers? Sergey Gorbunov Apr 7, 2022, 7:59 PM Thanks, everyone for the great questions. check out more info at axelar. network, sign-up for discord and let's build x-chain together!

Explaining the Blockchain with Axelar CEO Sergey Gorbunov

Explicando Blockchain con el CEO de Axelar, Sergey Gorbunov

Expliquer la Blockchain avec le PDG d'Axelar, Sergey Gorbunov

एक्सेलर के सीईओ सर्गेई गोर्बुनोव के साथ ब्लॉकचेन की व्याख्या करते हुए

Axelar CEO セルゲイ・ゴルブノフによるブロックチェーンの説明

Explicando o Blockchain com o CEO da Axelar, Sergey Gorbunov

Giải thích về Blockchain với Giám đốc điều hành Axelar, Sergey Gorbunov

与 Axelar 首席执行官 Sergey Gorbunov 解释区块链

<a href="https://medium.com/media/42fa0fd7079de5ad6264cf95c552a5cf/href">https://medium.com/media/42fa0fd7079de5ad6264cf95c552a5cf/href</a> Why You’re Not Ready For Investment According To Axelrod What Billions Can Teach Startups About Differentiation And Profitability , Founder of Baremetrics, , “The best way to future proof yourself is profitability plus 3–6 months worth of expenses as cash in the bank.” Too often, startups rely on raising outside investment while lacking a clear path to profitability. Differentiating yourself from your competitors is a good first step to become a sustainable business. Bobby Axelrod delivers a masterful assessment of the difficulties in scaling startups in the recent episode of . Josh Pigford recently stated Billions , starring Damian Lewis as Bobby Axelrod, airs weekly on Showtime. The show is loosely based on the activities of a former U.S. Attorney for the Southern District of New York, and his legal battles with hedge fund manager . Billions Steve Cohen of SAC Capital Axelrod’s wife, Lara a former nurse, launched a mobile-enabled house call service targeting stressed out Wall Street investors. In this episode (Season 2, Episode 5) Lara becomes aware of a new competitor in the space and thinks the best way to take them out is to raise a round of funding and expand the business. When she shares her negative experiences with potential investors, the realities of expanding her business come between her and Axe. After ignoring her husbands advice, Axe explains why she’s not ready for investment: “What is it that you do that you’re the best in the world at? You offer a service you didn’t invent, a formula you didn’t invent, a delivery method you didn’t invent. Nothing about what you do is patentable or a unique user experience. You haven’t identified an isolated market segment. Haven’t truly branded your concept. You want me to go on? So why would an investment bank put serious money into it? I all but told you ahead of time, but you wouldn’t listen. Now you’ve heard it, but it’s too late. YOU WEREN’T READY!” — Bobby Axelrod <a href="https://medium.com/media/c8c4c3c585e4174c409eaa3b38fd364a/href">https://medium.com/media/c8c4c3c585e4174c409eaa3b38fd364a/href</a> This is a very intense and eye-opening scene as you can tell by the expression left on Lara’s face. But Axe is right and it’s a bitter pill to swallow for most founders. Differentiating yourself amongst competitors and putting revenue as your top source of capital is the difference between living and dying — between scaling and failing. Unless you have domain expertise, built new technology in an industry with a large market opportunity and traction then odds are you probably aren’t ready for investment. Until then, minimize the effects of shocks and stresses of future events with profitability. Like this story? Click the heart below. It helps others see the story. Thanks!

Why You’re Not Ready For Investment According To Axelrod

"To be governed is to be watched, inspected, spied upon, directed, law-driven, numbered, regulated, enrolled, indoctrinated, preached at, controlled, checked, estimated, valued, censured, commanded, by creatures who have neither the right nor the wisdom nor the virtue to do so. To be governed is to be at every operation, at every transaction noted, registered, counted, taxed, stamped, measured, numbered, assessed, licensed, authorized, admonished, prevented, forbidden, reformed, corrected, punished. It is, under pretext of public utility, and in the name of the general interest, to be placed under contribution, drilled, fleeced, exploited, monopolized, extorted from, squeezed, hoaxed, robbed; then, at the slightest resistance, the first word of complaint, to be repressed, fined, vilified, harassed, hunted down, abused, clubbed, disarmed, bound, choked, imprisoned, judged, condemned, shot, deported, sacrificed, sold, betrayed; and to crown all, mocked, ridiculed, derided, outraged, dishonored. That is government; that is its justice; that is its morality." - Pierre-Joseph Proudhon, The General Idea of the Revolution In vivid words, Proudhon describes the core of state authority as brutal subjugation: Surveillance, control, regulation, restriction, exploitation, and even blunt violence. Contemplating Guantanamo Bay, national debt, Snowden, inflation, and Julian Assange, even the most staunch believers of our liberal democracies have to either catch the scent of truth in it or engage in vertiginous feats of mental acrobatics. The liberation? Autonomy. The purest and most radical following and implementation of this principle in the history of mankind is arguably the . From the mining of the first 50 , to the EVM, to Parachains and Danksharding, every step in this space of maximum decentralization is underlined by the moral imperative that increasing the autonomy of individuals is desirable. Web3 space BTC However, as important as it is to achieve autonomy from all claims to power, the question remains about what we should do with this Autonomy. In our desire to create a better world, is autonomy the value we should try to maximize? If the only aim of spelling out freedom is to create as much space as possible for undisturbed self-expression, then this freedom is threatened to remain empty, dead, and meaningless. Although, as the absence of obstacles and undesired influences, a purely negative conception of freedom is not enough to give our lives meaning and orientation. Therefore, autonomy must not be misunderstood as an end in itself. Instead, we must understand it as the foundation and enabling condition for resonant world relations. I would like to argue that the pure value of autonomy requires a supplement to unfold its utopian potential: social freedom. Autonomy Uncontested The value of autonomy enjoys an almost unchallenged status in our society. In all political spectrums ("My body, my choice" / "Taxes are theft" / "Better dead than red"), in culture (glorification of world traveling influencers, the explosion of interest into self-improvement, the rise of non-traditional relationships, etc. ), art (tropes about oppression/emancipation), everywhere the unquestioned virtue of autonomy shines through. This development has reached its climax in the decentralized space. Here, autonomy is not just one value among many but the central ethical guiding principle from which everything else is derived. The vision of a world where individuals can interact directly with each other without intermediaries or higher authorities is the utopian core of the web3 landscape. Indeed, the decentralized space has an emancipatory potential that can not be underestimated. Many of our institutions are, in the best case, unsuitable for the problems of the 21st century and, in the worst case, rotten to the core. By creating structures that enable individuals to govern their data, finances, identities, and contracts themselves, decentralized technologies have the potential to shift power away from gatekeepers to society. But what is autonomy? Autonomy, negative and social freedom The term autonomy is derived from the ancient Greek "autonomía," which means something like "self-legislation" or "self-determination." Autonomy is often understood as the ability to emancipate oneself from external influences and constraints. Proudhons quote and my examples reference that understanding of autonomy. This notion of autonomy thus shows a great affinity to the concept of negative liberty, as prominently defined by Isaiah Berlin and is famously represented by Thomas Hobbes's quote "A free man is he that in those things which by his strength and wit he is able to do is not hindered to do what he hath the will to do" Negative liberty denotes a state of absence of external obstacles and limitations. It realizes itself in a protected space of individual decision and action freedom to be exposed to as few interventions as possible. It is precisely this ideal that many advocates of decentralized systems also invoke: The substitution of hierarchical structures by autonomous actors is supposed to enable more negative freedom by removing boundaries and obstacles. The gold standard of a decentralized system is its robustness to censorship and, therefore its ability to maintain boundaries and degree of freedom against external forces. However, is the protection and expansion of negative freedom sufficient to enable people to lead a truly self-determined and fulfilled life? The philosopher Axel Honneth has convincingly argued that this is not the case. For him, individual freedom only becomes possible where it can relate to an "objective reality", i.e. to given social conditions and institutions. True self-determination, therefore, always presupposes a social context in which the individual can realize his or her life plans. Honneth calls the form of freedom that arises from this "social freedom", which he derived from Hegel. According to Honneth, it is not enough for a free individual to be devoid of obstacles. Instead, it necessitates a state in which individuals support each other in realizing their respective goals, enabling each other to lead a self-determined life. That is all quite abstract, so Let's visualize the difference between the two concepts of freedom in the following picture: Imagine you are in front of a river that you want to cross. The river looks quite dangerous; you could be swept across or drown in a whirlpool. Hobbes is sitting next to you on a stone and tells you that you have every freedom to cross this river. After all, there are no dangerous animals in the water. (There are also no border guards with machine guns, and no wall has been erected). However, you are completely on your own. It's just your subjective experience, and you can't hope to make it, should you try. However, it could also be that a tree has accidentally fallen, and you can get across quite easily. For Hobbes, though, it makes no difference to your freedom whether you live in a world in which this tree has fallen or not. At that moment, Hegel arrives with a good wine in his hand and a wheelbarrow full of planks and nails. He offers to build a bridge together because he wants to cross it himself. For Hegel, only now have you gained your freedom, because in reality, the conditions have been created through which you can hope to actually cross the river. Before, it was pure chance whether this hope could be rationally justified. It was only through Hegel that you actively received the support from your environment that can give you rational hope of reaching your goal (the other shore). This applies to societies. It is, as supporters of Hegel's idea would argue in societies without social freedom pure chance whether you grow up in circumstances that enable you to achieve your goals and in which everyone can hope to achieve their goals. In societies with social freedom, however, this hope is justified because the objectives of the other subjects are such that they enable and complement the achievement of one's own goals and complement them. Social freedom thus has a cooperative core: it is based on the insight that the freedom of the individual is dependent on the freedom of others. Only in a community in which people grant and support each other in the development of self-determination can the individual also experience himself as genuinely free. The values of the decentralized space have to be ultimately also committed to such an understanding of social freedom, even if this is not always explicitly reflected. Behind the efforts to create decentralized, self-organized structures has to be the vision of a world in which individuals can freely associate to collectively shape their living conditions with each other for the better. Even the much-cited "trustless trust" and allegedly increase of freedom that blockchain technologies are supposed to enable is ultimately grounded in the individual’s faculty to understand the system. It makes a huge difference if 99,9999& of crypto projects are scams, or if it’s only 80, 70, or 60. However, the fixation on code-based incentive and coordination mechanisms threatens to lose sight of this fact. You could easily imagine a future in which every aspect of societal organization is managed by smart contracts, but in which more people are scammed; more people lack connections and meaning and fewer people can make sense of this world. Conclusion The vision of autonomy that inspires so many in the blockchain space is a noble and important one. Establishing robust individual freedoms and consent is crucial to human flourishing. But to unlock the full transformative potential of decentralized technologies, we must pair the pursuit of autonomy with the cultivation of social freedom. This means aspiring not just for freedom from interference but also to enable the creation of resonance - meaningful, mutually empowering relationships - at both the individual and the institutional level. It means recognizing that our identities are not atomic, but fundamentally intersubjective - our agency is enhanced, not undermined, by positive embeddedness in the social fabric. And it means harnessing the power of decentralized coordination not just to maximize individual gain, but to create emergent realities that are greater than the sum of their parts. By synthesizing the principles of individual sovereignty and collective intelligence, the marriage of autonomy and resonance paves the way for a future that brings out the best in both individuals and the whole. A future where people are free to author their own lives, while also synergizing with others to make the pie massively bigger for everyone. Getting there won't be easy, requiring technical and cultural innovation. But if we can pull it off, the prize is immense - nothing short of the difference between a failed species and a thriving galactic civilization. So let us not settle for autonomy alone but strive for resonant autonomy—the foundation for a world alive with connection, meaning, and potentially infinite upside. We have the rare privilege of living at a time when our actions can shape the entire trajectory of the future. The blockchain renaissance has already expanded our sense of what's possible. Now it's on us to channel that newfound freedom towards a more beautiful and true reality.

The Path to Resonant Autonomy: Navigating Autonomy and Social Freedom in Web3

SINGAPORE, Singapore, April 3rd, 2024/Chainwire/--Skate is backed by leading founders in web3, including EigenLayer, Polygon, Manta, Axelar, Pendle, A41 and Galxe, supporting its vision to make web3 efficient for a modular future by solving application fragmentation
Range Protocol, a unified liquidity provisioning platform, today announced the launch of Skate, the universal application layer that empowers apps to run on thousands of chains with one state. Designed with an intent-centric approach, Skate aims to efficiently address the application fragmentations as a single hub for all code deployment across all chains. Backed by leading web3 players, including EigenLayer, Polygon, Manta, Axelar, Biconomy, Pendle, A41, Vertex, Navi, Galxe, Pontem and more, Skate will deliver its vision with faster finality and universal application scope, paving the way for its mainnet launch within the year. In today’s multi-chain landscape, applications face pressing needs to deploy, adapt and maintain across an increasing number of chains. Skate introduces the concept of a Universal Application Scope, where essential applications are developed collectively and maintained in a shared pool accessible to all chains — regardless of its underlying Virtual Machine environment. With Skate, users and developers are able to efficiently and instantly access thousands of chains by interacting with one application instance. Siddharth Lalwani, Co-Founder and CEO of Range Protocol shared, “The rise of modularity powered innovations such as improved throughput and reduced transaction costs. However, it also came with its own set of challenges, most notably, application fragmentation. Skate introduces the concept of the Universal Application Layer, where essential applications are developed collectively, and maintained in a shared pool accessible to all chains. This ensures foundational needs of builders and users are met efficiently, allowing each chain to focus on creating value-added services and laying the building blocks for a modular future.” Move from Duplication to Innovation: One Skate, One State Skate is the only intent-centric application layer in the ecosystem, enabling applications to run across thousands of chains and different tech stacks at the same time through a single interface. Moving past duplication of deployments, Skate works as a hub for deploying, developing and maintaining a singular version of smart contracts while servicing users across diverse chains. One of the key innovations of Skate is the embedding of interoperability within the application logic, reversing the legacy approach of building apps first and integrating interoperability afterwards. Skate ensures that all applications are created with interoperability as a foundational component, streamlining the development process and removing the necessity to bridge assets, but also significantly enhances the user experience by providing a fluid, interconnected ecosystem where transactions and information flow effortlessly between chains. Aside from the underlying interoperability networks, Skate will be connected to all the blockchains through Fast Finality Network, secured by EigenLayer actively validated service (AVS), to send state attestations from Skate with sufficient trust minimized assumptions. This brings instantaneous cross-chain intent-driven settlements and reduces slippage when making trades while removing unnecessary complexities from an end-user perspective. Securing the Modular Future, Backed by Web3 Pioneers The launch of Skate is supported by buy-ins from leading web3 players, including EigenLayer, Polygon, Manta, Axelar, Biconomy, Pendle, A41, Vertex, Navi, Galxe, Pontem and more. Forged by the same team of financial engineers and web3 developers behind Range Protocol, a unified liquidity provisioning platform covering key DeFi asset classes, the Skate team brings deep cumulative experience from leading companies like Altonomy, Point72, Bybit, Certik and Citigroup. Skate’s launch also follows Range Protocol’s $3.75M seed round last year, led by HashKey Capital and Nomad Capital. In the coming months, Skate aims to introduce Testnet Campaigns to community members with unique incentives. To keep up to date on Skate and its upcoming testnet campaigns, make sure you follow their Twitter: . https://twitter.com/skate_chain About Range Protocol and Skate Underpinned by robust on-chain trading infrastructure, Range Protocol is a unified liquidity provisioning platform. Harnessing advanced expertise and professional strategies, Range Protocol covers key DeFi asset classes through its vault offerings. Combining the best of automated market makers (AMMs) and request-for-quote (RFQ), Range Protocol empowers sound decision-making and optimized strategies for the next generation of investors — with no intermediaries needed. Forged by a team of financial engineers and web3 developers with extensive crypto trading proficiencies, Range Protocol brings deep experience from leading companies like Altonomy, Point72, Bybit, Certik and Citigroup. Its most recent $3.75M seed round was led by HashKey Capital and Nomad Capital. Range now expands into Skate, the universal application layer that empowers apps to run on 1000s of chains with one state. Skate was born with the realization of the limitations of the legacy on-chain trading infrastructure, which deploys repetitive blocks on every new chain. Underpinned by innovation, Skate delivers fast finality across all chains, secured by EigenLayer actively validated service (AVS), and acts as a single hub for all code deployments. Separating assets from pricing, Skate introduces the concept of a Universal Application Scope, where essential applications are developed collectively and maintained in a shared pool accessible to all chains — regardless of its underlying Virtual Machine environment. Solving for dApp/chain-liquidity fragmentation in a modular web3 landscape, Skate ensures foundational needs are met efficiently, allowing each chain to focus on creating unique, value-added services. For more information, please visit: Website: Twitter/X: http://skatechain.org/ https://twitter.com/skate_chain Contact Skate / Range Protocol range@wachsman.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here.

Range Protocol Unveils Skate: An App Layer Powering Apps To Run On All Chains With One State

রেঞ্জ প্রোটোকল স্কেট উন্মোচন করেছে: একটি অ্যাপ্লিকেশান লেয়ার পাওয়ারিং অ্যাপ্লিকেশানগুলি একটি রাজ্যের সাথে সমস্ত চেইনে চালানোর জন্য

Range Protocol stellt Skate vor: eine App-Schicht, die es Apps ermöglicht, auf allen Ketten mit einem Status zu laufen

Range Protocol presenta Skate: una capa de aplicaciones que permite que las aplicaciones se ejecuten en todas las cadenas con un solo estado

Range Protocol dévoile Skate : une couche d'application permettant aux applications de fonctionner sur toutes les chaînes avec un seul état

रेंज प्रोटोकॉल ने स्केट का अनावरण किया: एक ऐप लेयर जो ऐप्स को एक स्टेट के साथ सभी चेन पर चलाने की शक्ति प्रदान करता है

Range Protocol が Skate を発表: 1 つの状態ですべてのチェーン上でアプリを実行できるようにするアプリ層

Range Protocol, 스케이트 공개: 앱이 하나의 상태로 모든 체인에서 실행되도록 지원하는 앱 레이어

Range Protocol revela Skate: uma camada de aplicativo que permite que aplicativos sejam executados em todas as cadeias com um estado

Range Protocol представляет Skate: уровень приложений, позволяющий запускать приложения во всех цепочках с одним состоянием

Range Protokolü Skate'i Tanıtıyor: Uygulamaların Tüm Zincirlerde Tek Durumla Çalıştırılmasına Güç Veren Bir Uygulama Katmanı

Range Protocol ra mắt Skate: Lớp ứng dụng hỗ trợ các ứng dụng chạy trên tất cả các chuỗi với một trạng thái

Range Protocol 推出 Skate：一个应用层，为所有链上运行的应用提供支持

Unstable Protocol's Pioneering Leap Take into consideration a scenario in which the conventional boundaries of banking are not just stretched, but also completely rethought. This is not only a pipe dream in the realm of digital banking; rather, it is rapidly becoming a reality, particularly in light of the emergence of decentralised finance (DeFi). Not only is this transformation a narrative about technology, but it is also a story about ambition, the struggle to overcome obstacles, and the search for a financial system that offers power to everyone. Today, we are going to discuss Unstable Protocol, a project that is at the core of the Liquid Restaking Token Finance (LRTfi) industry, as well as its most recent achievement, which is a significant investment round that will alter the manner in which we perceive and make use of digital assets. Good news greeted the DeFi community as they awoke on morning of March 27, 2024, Unstable Protocol had declared that they had successfully completed a seed fundraising round, which resulted in an investment of $2.5 million. This initiative aims to change the landscape of LRTfi, and has gained investment from a considerable number of funds that are associated with Ethereum, including Lattice and Laser Digital (Nomura Group), Blockchain Founders Fund, and several other funds. This significant investment will not only provide Unstable Protocol with the necessary resources to further develop their platform, but it also serves as a validation of the potential impact that their project could have on the decentralized finance space. The Essence of LRTfi and Unstable's Vision LRTfi stands at the intersection of innovation and utility in DeFi enabling users to employ liquid staking and restaking tokens in novel yield strategies for enhanced returns using this approach Unstable Protocol layer for this burgeoning market, particularly focusing on (re)staked Ether.  The LRT market has gone from being nonexistent to being valued at around $50 billion, which provides as a sense of the significance of Unstable's undertaking despite the fact that it has risen drastically. This fast ascent highlights the unrealized potential and the insatiable appetite for innovation that exists within the world of decentralised finance. It is the pioneering usage of zkOracles that is at the heart of Unstable Protocol's approach. This utilisation improves the DeFi usefulness for the LRT and LST ETH market. This technological innovation is not only a technical accomplishment; rather, it is a strategic move that aims to bring the whole DeFi ecosystem to new heights of efficiency and security. The fact that Unstable has formed partnerships with platforms like as Axelar and technology solutions that are driven by Succinct Labs demonstrates the company's dedication to not just engaging in the public finance field but also leading it. Final Thoughts: The Journey Continues The community of decentralised finance enthusiasts is waiting with bated breath as Unstable Protocol releases its testnet. The path that lies ahead is replete with opportunities, obstacles, and the promise of a financial system that is more transparent and effective for all parties involved. With the support of forward-thinking individuals and the power of ground-breaking technology, Unstable is on the verge of completely redefining the future of distributed finance. Don’t forget to like and share the story! This author is an independent contributor publishing via our brand-as-author program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure:

Unstable Protocol Shakes Up DeFi with a $2.5M Seed Funding Triumph

অস্থির প্রোটোকল $2.5M বীজ তহবিল ট্রায়াম্ফের সাথে DeFi কে কাঁপিয়ে দেয়

Das instabile Protokoll erschüttert DeFi mit einem Triumph bei der Startkapitalfinanzierung in Höhe von 2,5 Millionen US-Dollar

Un protocolo inestable revoluciona DeFi con un triunfo de financiación inicial de 2,5 millones de dólares

Un protocole instable bouleverse DeFi avec un triomphe de financement de démarrage de 2,5 millions de dollars

अस्थिर प्रोटोकॉल ने $2.5M सीड फंडिंग विजय के साथ DeFi को हिला दिया

不安定なプロトコルが250万ドルのシード資金獲得でDeFiを揺るがす

Unstable Protocol은 250만 달러의 시드 자금 조달 성공으로 DeFi를 뒤흔들었습니다.

Protocolo instável sacode DeFi com triunfo de financiamento inicial de US$ 2,5 milhões

Нестабильный протокол потряс DeFi триумфом начального финансирования в размере 2,5 миллиона долларов

Kararsız Protokol, 2,5 Milyon Dolarlık Başlangıç Finansmanı Zaferiyle DeFi'yi Sarstı

Giao thức không ổn định làm rung chuyển DeFi với chiến thắng tài trợ hạt giống 2,5 triệu đô la

不稳定协议以 250 万美元种子资金的胜利震撼了 DeFi

The New York Times Company v. OpenAI Update Court Filing, retrieved on February 26, 2024 is part of . You can jump to any part in this filing . This part is 1 of 15. HackerNoon’s Legal PDF Series here I. INTRODUCTION The artificial intelligence (AI) tool known as ChatGPT is many things: a revolutionary technology with the potential to augment human capabilities, fostering our own productivity and efficiency;[1] an accelerator for scientific and medical breakthroughs;[2] a mechanism for making existing technologies accessible to more people;[3] an aid to help the visually impaired navigate the world;[4] a creative tool that can write sonnets, limericks, and haikus;[5] and a computational engine that reasonable estimates posit may add trillions of dollars of growth across the global economy.[6] Contrary to the allegations in the Complaint, however, ChatGPT is not in any way a substitute for a subscription to The New York Times. In the real world, people do not use ChatGPT or any other OpenAI product for that purpose. Nor could they. In the ordinary course, one cannot use ChatGPT to serve up Times articles at will. The Times has sought to paint a different picture. Its lawsuit alleges that OpenAI has imperiled the very enterprise of journalism, illustrating the point with 100 examples in which some version of OpenAI’s GPT-4 model supposedly generated several paragraphs of Times content as outputs in response to user prompts. See Dkt. 1-68 (Exhibit J). The allegations in the Times’s Complaint do not meet its famously rigorous journalistic standards.[7] The truth, which will come out in the course of this case, is that the Times paid someone to hack OpenAI’s products. It took them tens of thousands of attempts to generate the highly anomalous results that make up Exhibit J to the Complaint. They were able to do so only by targeting and exploiting a bug (which OpenAI has committed to addressing) by using deceptive prompts that blatantly violate OpenAI’s terms of use.[8] And even then, they had to feed the tool portions of the very articles they sought to elicit verbatim passages of, virtually all of which already appear on multiple public websites. Normal people do not use OpenAI’s products in this way.[9] Journalism has undergone many changes in the digital age, and may well undergo more with the advent of AI. OpenAI has established important partnerships with many leaders in the news industry—from large enterprises like the Associated Press and Axel Springer to the dozens of smaller and local outlets associated with the American Journalism Project—to creatively explore and implement AI solutions that assist investigative reporting, create enhanced reader experiences, and improve business operations. The Times’s suggestion that the contrived attacks of its hired gun show that the Fourth Estate is somehow imperiled by this technology is pure fiction. So too is its implication that the public en masse might mimic its agent’s aberrant activity. There is a genuinely important issue at the heart of this lawsuit—critical not just to OpenAI, but also to countless start-ups and other companies innovating in this space—that is being litigated both here and in over a dozen other cases around the country (including in this Court): whether it is fair use under copyright law to use publicly accessible content to train generative AI models to learn about language, grammar, and syntax, and to understand the facts that constitute humans’ collective knowledge. OpenAI and the other defendants in these lawsuits will ultimately prevail because no one—not even the New York Times—gets to monopolize facts[10] or the rules of language.[11] For good reason, there is a long history of precedent holding that it is perfectly lawful to use copyrighted content as part of a technological process that (as here) results in the creation of new, different, and innovative products.[12] Established copyright doctrine will dictate that the Times cannot prevent AI models from acquiring knowledge about facts, any more than another news organization can prevent the Times itself from re-reporting stories it had no role in investigating.[13] As Justice Brandeis explained more than 100 years ago: “The general rule of law is, that the noblest of human productions—knowledge, truths ascertained, conceptions, and ideas—become, after voluntary communication to others, free as the air to common use.”[14] All of that said, even assuming (counterfactually) the truth of what the lawsuit alleges, several of the theories in the Complaint are not viable, even as pleaded. This Motion asks the Court to trim those at the outset to focus the litigation on the core issues that really matter. In short: The direct copyright infringement claim asserts liability in part from conduct that is timebarred because it occurred more than three years ago. The contributory infringement claim would ascribe liability to OpenAI based on generalized knowledge of third-party infringement, rather than actual knowledge of specific infringements, which the law requires. The claim for violations of 17 U.S.C. § 1202 (the “DMCA”) fails for the reasons embraced by every other court to consider indistinguishable claims against generative AI models: the DMCA simply does not address the conduct to which the Times seeks to ascribe liability. And the claim for state common law misappropriation is preempted by the federal Copyright Act. (1) (2) (3) (4) OpenAI respectfully seeks an order dismissing these legally infirm portions of the Complaint, so that the parties can properly and efficiently litigate the balance. Continue Reading . Here [1] Louis Hyman, It’s Not the End of Work. It’s the End of Boring Work, N.Y. Times (Apr. 22, 2023), https://www.nytimes.com/2023/04/22/opinion/jobs-ai-chatgpt.html. [2] Microsoft, The Impact of Large Language Models on Scientific Discovery: a Preliminary Study Using GPT-4 (Dec. 8, 2023), https://arxiv.org/pdf/2311.07361.pdf (deployments in “biology and materials design” and “drug discovery”). [3] Ran Ronen, How Generative AI Tools Like ChatGPT Can Revolutionize Web Accessibility, VentureBeat (July 8, 2023), https://venturebeat.com/ai/how-generative-ai-tools-like-chatgpt-can-revolutionize-web-accessibility/. [4] Sheena Vasani, Be My Eyes AI Offers GPT-4-Powered Support for Blind Microsoft Customers, Verge (Nov. 15, 2023), https://www.theverge.com/2023/11/15/23962709/microsoft-blind-users-open-ai-chatgpt-4-be-my-eyes. [5] Adam Gross, I Asked ChatGPT AI to Write a Sonnet, LinkedIn (Mar. 2023), https:// www.linkedin.com/posts/grossadam_i-asked-chatgpt-ai-to-write-a-sonnet-in-iambic-activity-040728019300229120- ZBNa/; Zetolgam, The Chatbot Limerick Writer, AllPoetry (Dec. 2022) https://allpoetry.com/poem/16903411-TheChatbot-Limerick-Writer-by-Zetolgam; Uday Dandavate, How I Used ChatGPT to Write Haiku, Medium (Sept. 2, 2023), https://uday-dandavate.medium.com/how-i-used-chatgpt-to-write-haiku-5904ee96360d. [6] McKinsey & Company, The Economic Potential of Generative AI: The Next Productivity Frontier (June 14, 2023), https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/the-economic-potential-of-generative-ai-thenext-productivity-frontier (“generative AI could add the equivalent of $2.6 trillion to $4.4 trillion annually” to the global economy); see also Goldman Sachs, Generative AI Could Raise Global GDP by 7% (Apr. 5, 2023), https://www.goldmansachs.com/intelligence/pages/generative-ai-could-raise-global-gdp-by-7-percent.html. [7] Cf. N.Y. Times, Ethical Journalism: A Handbook, https://www.nytimes.com/editorial-standards/ethicaljournalism.html#introductionAndPurpose (last accessed Feb. 25, 2024) (“we tell our readers the complete, unvarnished truth as best we can learn it”; “Staff members…may not commit illegal acts of any sort.”). [8] OpenAI, Terms of Use § 2(c), https://openai.com/policies/mar-2023-terms (prohibiting use to “infringe[]” others’ “rights” or “extract data”); Hesse v. Godiva Chocolatier, Inc., 463 F. Supp. 3d 453, 463 (S.D.N.Y. 2020) (courts may take “judicial notice of information publicly announced on a party’s website” if “authenticity is not in dispute”). [9] Francesca Paris & Larry Buchanan, 35 Ways Real People Are Using A.I. Right Now, N.Y. Times (Apr. 14, 2023), https://www.nytimes.com/interactive/2023/04/14/upshot/up-ai-uses.html (people use ChatGPT to “[w]rite a [] speech,” “[s]kim dozens of academic articles,” “[a]ppeal an insurance denial,” and “[c]reate new proteins in minutes”). [10] See, e.g., Baker v. Selden, 101 U.S. 99, 103 (1879) (“The very object of publishing a book … is to communicate to the world the useful knowledge which it contains. But this object would be frustrated if the knowledge could not be used without incurring guilt of piracy of the book.”); Hoehling v. Universal City Studios, Inc., 618 F.2d 972, 979 (2d Cir. 1980) (“[F]actual information is in the public domain.”). [11] See 17 U.S.C. 102(b); Clanton v. UMG Recordings, Inc., 556 F. Supp. 3d 322, 332 (S.D.N.Y. 2021) (“ordinary building blocks of the English language” not protectable); Med. Educ. Dev. Servs. v. Reed Elsevier Grp., PLC, No. 05-cv-8665, 2008 WL 4449412, at *6 (S.D.N.Y. Sep. 30, 2008) (no copyright for “concepts such as rules of punctuation, analogies, vocabulary or other fundamental elements of English composition”). [12] See, e.g., Authors Guild, Inc. v. HathiTrust, 755 F.3d 87 (2d Cir. 2014) (fair use to create “digital copies of more than ten million [books]” for search tool); Authors Guild v. Google, Inc. (Google Books), 804 F.3d 202 (2d Cir. 2015) (fair use to scan millions of copyrighted books to create novel tool); Google LLC v. Oracle Am., Inc., 141 S. Ct. 1183 (2021) (fair use to replicate copyrighted software programming interfaces to create a new mobile platform). [13] See Nicholas Lemann, The Panama Papers and the Monster Stories of the Future, New Yorker (Apr. 14, 2016) https://www.newyorker.com/news/news-desk/the-panama-papers-and-the-monster-stories-of-the-future (noting the Times’s refusal to participate in consortium that broke “Panama Papers” story); Michael S. Schmidt & Steven Lee Myers, Panama Law Firm’s Leaked Files Detail Offshore Accounts Tied to World Leaders, N.Y. Times (Apr. 3, 2016), https://www.nytimes.com/2016/04/04/us/politics/leaked-documents-offshore-accounts-putin.html. [14] Int’l News Serv. v. Associated Press, 248 U.S. 215, 250 (1918) (Brandeis, J., dissenting). About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case retrieved on February 26, 2024, from is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. fingfx.thomsonreuters.com

NYT Hired Hackers to Game ChatGPT Into Giving Evidence For Its Lawsuits Against OpenAI

The decentralized finance (DeFi) ecosystem continues to expand across multiple blockchains, offering new opportunities but also introducing major challenges. One key issue is that of fragmented liquidity - assets and trading activity spread thinly across disconnected platforms. Another threat comes from weaknesses in cross-chain interoperability - bridges that promise to connect blockchains but with security flaws that leave funds at risk. To discuss these problems and potential solutions, I spoke with Boris Povar, a co-founder, and CEO of the project. Eywa Povar brings a strong technical background to tackle these complex topics. With a degree in mathematics and programming, he has worked in crypto since 2017 after a successful career running an IT outsourcing firm. As a portfolio investor and fund manager in the DeFi space, he has direct experience grappling with risks around fragmented capital and insecure bridges. Since 2020, he has focused his efforts on developing a novel architecture for trusted and efficient cross-chain communication. Povar provides insight into the scale and consequences of fragmented liquidity and flaws in today's bridges. The interview sheds light on the roadblocks hindering DeFi's progress as well as innovative solutions in development. Povar lends both technical expertise and real-world perspective to outline a vision for the next stage in DeFi evolution. What are the problems of fragmented liquidity and insecure cross-chain communication? The problem of fragmented liquidity can be formulated as follows: Liquidity located in one blockchain is isolated and not utilized in other blockchains simultaneously. Protocols addressing this issue enable your funds to operate across multiple blockchains/protocols concurrently. For instance, Liquid Staking protocols enable participation in the Ether consensus, earning income, while still utilizing funds in DeFi. Blast operates on a similar principle, where funds in their blockchain function within major DeFi protocols in Ethereum, generating income. However, examining this problem from the perspective of bridges reveals inefficiencies. Traditional lock-mint-burn-unlock bridges are ineffective with liquidity, as they connect assets and blockchains in pairs, requiring liquidity to be added to each link. Liquidity locked in such bridges remains dormant and is utilized ineffectively; L2 bridges serve as examples. Meanwhile, the TVL of bridges is rapidly growing and has reached the total TVL of DEXes (approximately $17 billion), necessitating more efficient utilization. Thus, it can be argued that bridges exacerbate the problem of liquidity fragmentation. The issue of insecure cross-chain communication is exemplified by the Multichain protocol. Projects like Curve and Fantom relied on it for cross-chain communications and liquidity transfer. However, Multichain malfunctioned at one point, resulting in losses for these projects. Their infrastructure was entirely dependent on Multichain, and finding and integrating alternative options took considerable time. Multichain, like many cross-chain protocols, had centralized elements, making its operation heavily reliant on teams. This scenario underscores the risks associated with relying on any single bridge as critical ecosystem infrastructure, which may lead to unforeseen "black swan" events. How big of an issue are these problems currently in DeFi and crypto overall? What are the consequences? High slippages in cross-chain swaps and complex UI/UX pose challenges for the majority of users. Projects are compelled to divide their liquidity across blockchains, incurring high maintenance costs. Furthermore, most bridges exhibit centralized traits. To date, bridge hacks have resulted in losses exceeding $2 billion. At EYWA, we endeavor to consolidate the liquidity of major blockchains, enhancing efficiency without compromising security and decentralization. What initially motivated you to tackle the problems of fragmented liquidity and insecure cross-chain bridges in the crypto industry? I've been actively addressing my own challenges. With involvement in asset management and DeFi capital placement since 2020, and in the industry since 2017, I possess an in-depth understanding of the problems and risks associated with cross-chain fund transfers. Drawing on my technical background, I've meticulously analyzed bridge hacks, resulting in the loss of over $2 billion. Consequently, I grasp what's necessary to ensure the security of cross-chain communications. Moreover, I recognize the imperative of holding liquidity long-term for bridge efficiency. I'm well aware of the inefficiencies in DeFi liquidity utilization, contributing to the dominance of CEXes over DEXes. The first wave of cross-chain bridges, while experimental, merely offered a pricier service without enhancing security or decentralization. I often phrase it as: "It’s still the same CEX, just in a new package." Hence, since late 2020, I've been dedicated to developing a genuinely decentralized cross-chain protocol capable of rivaling CEXes without compromising decentralization and security for development speed and convenience. How exactly does aggregated bridge and consensus architecture provide security for transfers? Most cross-chain bridges currently employ their own messaging protocols, which often fall short in terms of decentralization and entail various risks associated with teams, regulations, and management. It's fair to say that virtually all bridges on the market require trust, leaving the entire ecosystem vulnerable to potential "black swan" events. In response to these challenges, the Eywa team, in collaboration with the Curve team, is developing a trustless bridge that relies on a consensus of the most reliable messaging protocols available. We leverage Axelar, L0, Wormhole, Chainlink CCIP, and other messaging protocols to create a highly secure solution for messaging, custody, and liquidity transfer. By combining Eywa Token Bridge smart contracts with data validation consensus, we establish an Eywa Consensus Bridge that ensures security independently of any team and enables users to retain control over bridge liquidity. When transmitting information, it will be sent in parallel to several messaging protocols based on the user's choice, allowing users to specify preferred bridges and required quorums. The bridge's smart contract in the destination network aggregates transmission results and compares them until a quorum is reached. Users can customize the level of security needed, determining the number of checks. If any protocol returns incorrect data, the transmission will be halted. Imagine initiating a cross-chain transfer of a substantial sum. Initially, your funds are secured in the bridge's smart contract. Subsequently, a cross-chain transaction is initiated, transmitted, and verified concurrently by multiple data transfer protocols. In the destination network, a specialized smart contract receives and compares responses. If consistent information is received from all protocols, the final transaction executes your transfer. However, if any bridge is compromised, resulting in mismatched data, the transaction will be aborted, allowing you to reclaim your funds in the source network. The probability of all transfer protocols being compromised simultaneously approaches zero. How does utilizing Curve’s existing deep liquidity pools enable low-slippage cross-chain trading on CrossCurve? The more liquidity available, the lower the slippages, which is an evident concept. However, to elucidate how utilizes Curve pools, I must delve into its architecture. As mentioned earlier, the issue with bridge liquidity fragmentation lies in the fact that locked liquidity within bridges remains inactive in DeFi. CrossCurve To address this, we utilize Curve's LP tokens as the foundational liquidity. Leveraging Curve's ability to exchange LP tokens within the pool as standard tokens, we generate s-tokens - synthetic collateralized derivatives - by consolidating them on one public blockchain, known as Hubchain (currently Fantom). Subsequently, we establish stable liquidity pools on Curve by connecting s-tokens of similar nature. These pools offer minimal slippage. A typical exchange transaction traverses three blockchains, involving an imbalance operation to add liquidity to the Curve pool in the source network, followed by minting the corresponding s-token to the Hubchain, where it is exchanged for an s-token backed by the Curve LP token from the destination network. The s-token is then burned, releasing the LP token in the destination network, and the final step involves an imbalance withdrawal of liquidity from the Curve pool, transferring it to the user's wallet - adding liquidity, exchanging, and removing liquidity. The greater the liquidity in the pools we utilize, the lower the losses incurred. Additionally, this architecture enables more efficient capital utilization as the liquidity from all blockchains is consolidated in one location simultaneously, rather than in pairs. Consequently, CrossCurve requires substantially less liquidity compared to its competitors to achieve low slippage. What are the main benefits to projects and developers of listing their tokens on CrossCurve? Web3 projects can list their tokens on any chain against crvUSD/Stables/WBTC/WETH/Curve LPs and trade them simultaneously across all chains for any asset. They can also receive yield provided by Eywa, Curve, and Convex on provided liquidity, attracting new users from different blockchains. Fast scaling for the utility of your token in other networks, while also reducing the costs associated with maintaining cross-chain liquidity by keeping a single pool. How does CrossCurve simplify the user experience for cross-chain DeFi operations? We utilize cross-chain ZAP transactions, condensing a large number of transactions for the user. For instance, a typical exchange involves a series of transactions across three blockchains, yet the user only needs to initiate one transaction. How will the CrossCurve yield flywheel attract liquidity providers and projects to the platform? Since all CrossCurve pools are native Curve pools, we have access to various tools for managing incentives. These include direct incentives, veCRV bribes, Convex rewards, and other vote aggregators like StakeDAO, Lobby, and Yearn. Additionally, we can create our own votemarket, accumulate Curve and Convex votes, and participate in CRV Wars. Our plan involves using bonding mechanisms to attract the protocol’s own liquidity to the main pools. The first phase of our flywheel launch will focus on direct incentives for pools, veCRV bribes, and attracting our own liquidity through bonding. Subsequently, we will introduce a DAO and our own vote market. The issuance of the EYWA token will be exclusively available to long-term holders and members of the CrossCurve DAO, thereby strengthening the token's value. Curve liquidity providers will receive enhanced yields on their LPs, and we will provide them with a seamless method to contribute to CrossCurve pools. Projects will have the opportunity to offer incentives on their pools. However, to receive additional incentives from the CrossCurve DAO and partake in their distribution, they must become members.It's worth mentioning that we will assist Curve in distributing their stablecoin crvUSD, as it is their priority. In return, they will support us with incentives by voting for our main pools. How will CrossCurve boost adoption of less liquid layer 1s and layer 2s through liquidity bridges? We are currently constructing a cross-chain liquidity core by combining the largest blockchains by TVL. Subsequently, we will integrate emerging blockchains into our system and link them to this core, simplifying the process of liquidity migration between networks for liquidity providers. What role will the CrossCurve DAO play in solving liquidity fragmentation and boosting chain interoperability? CrossCurve will function as a transport hub for liquidity migration between different chains, offering additional income opportunities for liquidity providers. They will receive a base yield for providing liquidity on the original network, along with a yield for contributing their LPs to CrossCurve pools. Additionally, we intend to serve as a launchpad for Web3 projects seeking to establish multi-chain liquidity. This will enable them to utilize a single liquidity pool that serves all blockchains. How will votemarkets and bribing systems incentivize long term alignment between liquidity providers and the protocol? Long-term liquidity providers will become members of the CrossCurve DAO, engaging in the distribution of issuance among CrossCurve pools. They will also receive platform commission income and incentives from projects seeking augmented rewards. Where do you see the main competition in cross-chain DEX space, and how is CrossCurve positioned against them? My primary competitors include projects such as Stargate, Squid, Synapse, and Hashflow. We position ourselves as a solution primarily catering to liquidity providers and DeFi power users who necessitate seamless movement of substantial liquidity across blockchains. Additionally, we address the challenges faced by Web3 founders, enabling them to reduce the expenses associated with establishing and maintaining multi-chain liquidity while broadening their access to users across various blockchains, thereby diminishing their reliance on specific blockchain ecosystems. Our key advantages include the capacity to facilitate large-volume exchanges with minimal losses, akin to Curve's renowned capability, efficient utilization of liquidity, a seamless user experience, robust security measures safeguarding funds within our bridge, lucrative farming opportunities for liquidity providers, and an attractive proposition for projects seeking to establish their own liquidity pools. What chains and assets will CrossCurve focus on supporting in the initial launch stages? CrossCurve will focus on supporting the Ethereum, Arbitrum, Optimism, Polygon, Avalanche, BNB Chain, and Fantom chains along with the USDT, USDC, DAI, WBTC, ETH, crvUSD, 3crypto Curve liquidity pools, crvUSD-USDT Curve liquidity pools, and 3crv Curve liquidity pools assets. Do you intend to partner up with other major players, DAOs and bridges? If yes, in what capacity? To construct the Consensus Bridge, we are collaborating with Curve and will engage with prominent players in the cross-chain market — L0, Wormhole, Axelar, and Chainlink — as integrators of their solutions. For liquidity building, we have partnered with Curve and other entities within the Curve ecosystem, including Convex, StakeDAO, Yearn, and Lobby, to incentivize their users. We are also collaborating with yield aggregators like Beefy. We are currently in negotiations to integrate all new blockchains that Curve will support. Among those on the list are Mantle, Linea, Scroll, zksync, BNB Chain, and others. Additionally, we plan to identify a new Hubchain, a strategic partner blockchain. To enhance scalability and on-chain performance, we will collaborate with bridge aggregators such as Li.fi, Rubic, and Rango, as well as with wallets like Trust Wallet. In the future, we aim to extend support for liquidity aggregation from other DEXes, such as Balancer and Uniswap.

Fragmented No More: CEO of EYWA Explains Fixing Spread-Out Liquidity and Bridge Security

খণ্ডিত আর নয়: EYWA-এর CEO ব্যাখ্যা করেছেন স্প্রেড-আউট লিকুইডিটি এবং সেতু নিরাপত্তা

Schluss mit der Fragmentierung: CEO von EYWA erklärt die Behebung verteilter Liquidität und Überbrückungssicherheit

No más fragmentados: el director ejecutivo de EYWA explica cómo solucionar la liquidez dispersa y la seguridad del puente

Fini la fragmentation : le PDG d'EYWA explique la solution à la question de la liquidité étalée et de la sécurité du pont

अब खंडित नहीं: ईवाईडब्ल्यूए के सीईओ ने स्प्रेड-आउट तरलता और ब्रिज सुरक्षा को ठीक करने के बारे में बताया

断片化はもう終わり: EYWA の CEO がスプレッドアウト流動性の修正とブリッジセキュリティについて説明

더 이상 단편화되지 않음: EYWA CEO, 분산형 유동성 및 브리지 보안 수정에 대해 설명

Fragmented No More: CEO da EYWA explica como consertar a liquidez espalhada e a segurança da ponte

Больше нет фрагментации: генеральный директор EYWA объясняет, как исправить разброс ликвидности и безопасность моста

Artık Parçalanmış Değil: EYWA CEO'su Yayılmış Likidite ve Köprü Güvenliğinin Düzeltilmesini Açıklıyor

Không còn bị phân mảnh nữa: Giám đốc điều hành của EYWA giải thích cách khắc phục tính thanh khoản dàn trải và bảo mật cầu nối

不再支离破碎：EYWA 首席执行官解释解决流动性分散和桥梁安全问题

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