The Cross-Chain Insider

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Last week in the multi-chain ecosystem with the Cross-Chain Insider! 🦎 blog.li.finance/the-cross-chain-insider-li-fis-weekly-cross-chain-newsletter-5929b64c4501

This week's newsletter features: a. Bridge Updates 1) LI.FI Smart Contract Vulnerability 🛠️ • Exploited on March 20th, 2022 • $600k across 29 wallets stolen • 25/29 wallets reimbursed + in touch with rest • Bug has been fixed blog.li.finance/20th-march-the-exploit-e9e1c5c03eb9

2) @LayerZero_Labs is Now Live 👏🏻 • Live on Ethereum, Avalanche, Polygon, BNB Chain, Fantom, Arbitrum, and Optimism • Stargate bridge launched • Conducted a token sale for their $STG token medium.com/layerzero-official/the-omnichain-future-is-here-74389f6d70c3

3) @lifiprotocol Launches Destination Swaps 🦎 • Destination swaps powered by @ConnextNetwork Bridge • Users now don’t need to switch networks on Metamask • Available on Avalanche, Polygon, Fantom, Ethereum, Arbitrum, Gnosis Chain, and BNB Chain. twitter.com/lifiprotocol/status/1504391836999290885

4) @ConnextNetwork Integrates @cloverfnance Wallet 🎉 • Clover wallet has over 80k+ users • Users can now access Connext bridge via their clover wallet twitter.com/clover_finance/status/1503227291538583556

5) @biconomy Announces Hyphen 2.0 🚀 Hyphen 2.0 offers: • Increased capital efficiency • Lower cross-chain transfer fees The team plans to add support for many new chains and tokens soon. twitter.com/biconomy/status/1504076567877615618

6) @ConnextNetwork Partners with Kava Network 🤝🏻 • Kava is an L1 blockchain that is a cross between Cosmos & Ethereum • Connext will bring $37M+ in cross-chain liquidity to Kava with its trustless bridge. twitter.com/kava_platform/status/1503430904206790660

7) Multichain Partners with @Conflux_Network 👏🏻 • Working closely to build co-mint architecture • The framework will allow bridges to mint/burn in the same asset contract • This will help avoid naming collision and liquidity fragmentation twitter.com/MultichainOrg/status/1504827466778558472

b. Multi-Chain Ecosystem Updates 1) Kiln Testnet is Now Live 👏🏻 • Kiln is the next iteration of Ethereum merge • The testnet is now live It's looking increasingly likely that we’re going to see the Merge in June. twitter.com/TimBeiko/status/1503403676043423745

2) QiDAO Launches MAI Finance on @arbitrum 🥳 • QiDAO is a cross-chain stable protocol • Launched MAI Finance on Arbitrum • Users can now mint $MAI at 0% interest against $ETH twitter.com/QiDaoProtocol/status/1503387421899210752

3) @gnosischain Exploits 🛠️ • @Agave_lending and @HundredFinance were exploited on March 15, 2022 twitter.com/mudit__gupta/status/1503783633877827586

4) @AlchemixFi V2 is Now Live 🔥 • Alchemix is a yield lending protocol • V2 brings more features and composability • Users can now access more collateral types and yield strategies twitter.com/scupytrooples/status/1503751703019110410

5) Alpha Homora v2 is Now Live on @FantomFDN 🚀 • Alpha Homora is a leveraged yield farming product • With v2, users can now earn yields from five available pools twitter.com/AlphaFinanceLab/status/1503712335424196610

6) Aave V3 is Now Live 🤩 • Aave has launched V3 on seven chains • V3 features mainly focus on cross-chain operations and making Aave more efficient twitter.com/AaveAave/status/1504137636105043971

You can learn more about Aave V3's main feature, Portals, here! twitter.com/lifiprotocol/status/1498964406494924802

7) Sushi Trident is Now Live on @0xPolygon 👏🏻 • Sushi has launched the beta of Trident • Trident is a production framework for building and deploying AMMs • It will allow easy integration of any future AMM twitter.com/SushiSwap/status/1503985351861456896

8) @anchor_protocol is Now Live on @avalancheavax 🚀 • Launched on Avalanche as xAnchor • Brings Anchor’s functionalities to other non-Terra blockchains • Expansion to major chains like Ethereum, Solana, Polygon, soon. twitter.com/ryanology045/status/1504311692339343365

c. What’s Popping On Twitter? The Ethereum Merge is only 3 months away. Learn more about why the event is so significant! twitter.com/lifiprotocol/status/1505831327710416898

d. Interesting reads 1) LI.FI Review twitter.com/fommes1/status/1502814467758854149

2) Avalanche Alpha twitter.com/milesdeutscher/status/1503341956943986690

3) Polygon Overview by @Crypto_Clarke medium.com/momentum6/polygon-overview-layer-2-or-sidechain-a888104f5ffc

4) The 4 Misconceptions About Bridging by @pranaymohan twitter.com/nomadxyz_/status/1505591137733529600

5) Deep Dive — @BreederDodo DEX by LI.FI blog.li.finance/dodo-a-deep-dive-6ded3423716f

Want to keep up with the latest cross-chain news? Join us over on Telegram as well! t.me/lifinews