JASON
@jason0722
120 Following
28 Followers
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@EspressoSys
Shared Sorter Network Espresso @EspressoSys Raises $6,000w with a16z Leadership
Goes live on the main website
https://espressosys.com
Positioned as a 'confirmation layer'
Allows different Rollup networks to read and trust each other's transaction data to accelerate cross-chain bridging of assets, decentralize the “sequencer”, a key component in Rollup, and enable low-cost storage of transaction data, providing key infrastructure for cross-chain composability.
Why is Espresso validation so important to enable composability?
Because when two chains are combinable, they need to be able to quickly acknowledge each other's state transitions in a reliable and neutral way.
Gold will always shine, looking forward to Espresso's performance, the future decentralization, coverage should be very wide.
Interaction opportunities: use the protocols on its ecosystem, or run nodes. 0 reply
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The liquid staking protocol Magma within the Monad ecosystem has excitingly announced the successful completion of a $3.9 million seed funding round. This impressive funding was backed by a strong roster of investors, including Bloccelerate, Animoca Ventures, CMS Holdings, Maelstrom, Veil VC, Builder Capital, Infinity Ventures, RockTree Capital, Wise3 Ventures, Stake Capital, and Relayer Capital.
Magma is poised to innovate in the DeFi space by developing MEV-based liquid staking on the Monad platform. This project not only highlights the growing potential of liquid staking but also represents a significant step forward for the entire Monad ecosystem. Additionally, the collaboration with Ether.fi to establish the first re-staking integration on Monad is a testament to the forward-thinking approach of the Magma team. 0 reply
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