infrastructure protocol

Stella (ALPHA) plans to rebrand as the full-chain leverage infrastructure protocol LitLayer

ChainCatcher news, the leverage strategy protocol Stella has released a brand redesign proposal aimed at expanding the dApp scope to leverage infrastructure protocols and renaming itself to LitLayer. This transformation will involve rebranding, new product direction, and changes in token economics.According to reports, LitLayer is a full-chain leverage infrastructure protocol with an intent-based architecture. LitLayer will serve as a full-chain infrastructure that allows for the rapid and seamless creation of leverage trading applications on any chain. For on-chain traders, the LitLayer infrastructure will enable them to leverage the vast liquidity of centralized exchanges while maintaining self-custody.LitLayer is currently still in development but has already received integration requests from over 10 protocols across more than 6 public chains, including some mainstream spot DEXs (with TVL exceeding $100 million) and perp DEXs. If the community approves the transition, LitLayer is expected to launch in September 2024.As part of the rebranding, there will be a 1:1 migration from the current ALPHA token to the LTLY token. LTLY holders can earn infrastructure fees through a staking model and participate in governance, with a maximum supply of 3 billion LTLY tokens, distributed as follows:Migration from ALPHA tokens: 1,000,000,000 LTLY tokensStrategic partners: 525,000,000 LTLY tokensEcosystem and community incentives: 725,000,000 LTLY tokensAirdrop: 300,000,000 LTLY tokensMarketing/Security: 450,000,000 LTLY tokens

Web3 Cross-Chain Infrastructure Protocol Golden Gate Releases Roadmap

ChainCatcher news, according to Bloomberg, the cross-chain communication and programmable Layer0 infrastructure protocol Golden Gate (GGX) has recently publicly released its latest roadmap and announced that the testnet will be launched in a few months. Golden Gate (GGX) has made innovations in comprehensive security for foundational layer communication, enhancing DeFi liquidity pathways in Web3.0.It is reported that Golden Gate (GGX) has been in development since 2021, based on the currently mainstream ZK-Rollups technology solution, and constructs the privacy of the communication layer through zero-knowledge proofs to ensure security and enhance security standards, while using an embedded hybrid virtual machine to serve cross-chain bridges and oracles. Golden Gate (GGX) is also providing infrastructure for interoperability in the Web3.0 world and the "blockchain internet" of Web3.0.Matthew Doty, the CSO (Chief Scientist) and co-founder of Golden Gate (GGX), is the second researcher hired by the Ethereum Foundation by Vitalik, and co-authored the Ethereum mining algorithm with Vitalik; CEO Viktor Ihnatiuk and CTO Yehor Butko have co-founded the blockchain technology development provider Boosty Labs over the past five years, which has more than 150 engineers and developers and has assisted in the development of many well-known projects such as Consensys, Storj, Near, Ledger, and Pocket. (source link)
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