Amid the rising recognition of zero-knowledge (zk) proof-based layer-2 scalable options, decentralized finance liquidity protocol Symbiosis has added assist for Linea, a zkEVM-based ConsenSys-developed scalable answer for cross-chain swaps.
In an announcement, Symbiosis stated that Linea is a developer-ready zkEVM roll-up variant, which suggests it’s Ethereum-compatible and thus offers builders the pliability to reuse a whole lot of present infrastructure to construct multi-asset-based options. Linea contains 100+ protocols, developer instruments, and decentralized purposes (dapps), making it a helpful scalable software for builders within the Ethereum ecosystem.
Symbiosis Finance entered the mainstream in March 2022 with its stablecoin liquidity answer. Since then the cross-chain liquidity supplier has built-in a number of different layer-2 scalable options.
Earlier in April, the protocol built-in zkSync, one other zk rollup developed by Matter Labs. The combination helps the protocol present one-click swaps from Ethereum, Polygon, Avalanche, BNB Chain, Telos, and different blockchains to zkSync and again. Along with ZkSync, the cross-chain liquidity protocol has additionally added different widespread L2 options since April, together with Polygon’s zkEVM, Optimism, and Arbitrum.
Cointelegraph reached out to Symbiosis co-founder Nick Avramov to search out out concerning the protocol’s synergy with L2 options, why he selected Linnea, and the way the answer compares to different L2 options. Avramov advised Cointelegraph that Linea absolutely aligns with the protocol’s technique to assist the preferred L2 and that the choice to combine it was based mostly on neighborhood suggestions and requests from companions resembling OpenOcean, OKEx DEX and extra, which Utilizing Symbiosis SDK/API.
Talking concerning the rise of ZK Rollup as a significant L2 pressure, Avramov stated:
“The ZK roll-up has higher consumer onboarding capabilities as a result of they’re focusing on new domains like gamify, social, and so forth. to have interaction extra individuals with out sacrificing safety as a result of most of those new domains depend on Ethereum + the associated fee is decrease.”
Zk is a pure evolution of the Options Rollup, he stated, including, “I consider sooner or later the Optimistic Rollup will stop to exist.”
Associated: ConsenSys zkEVM arrange for public testnet to supply safe settlement on Ethereum
Avramov said that zk rollups are the true L2 answer and have the potential to unravel the cross-chain/multi-chain dilemma, a problem raised in January 2022 by Ethereum co-founder Vitalik Buterin.
Symbiosis stated that the mixing of zk rollup has already helped it enhance its transaction throughput by 300% and cross-chain buying and selling quantity by greater than $500 million. The liquidity supplier believes that with the mixing of Linea, cross-chain swap volumes may exceed billions of {dollars} within the coming months.
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