Cronos EVM Launches Stargate-Powered ETH and USDC Pools with LayerZero Integration

The deployment of new cross-chain pools on Cronos is now possible thanks to LayerZero’s interoperability solution. For improved trading on Cronos EVM, the Stargate-powered ETH and USDC pools provide deep liquidity. Cronos EVM, Cronos’ Ethereum-compatible blockchain, has announced the launch of two new Stargate pools. With the incorporation of LayerZero’s omnichain messaging protocol, the ETH and USDC pools are now live on Cronos EVM. The deployment of new cross-chain pools on Cronos is now possible thanks to LayerZero’s interoperability solution. For improved trading on Cronos EVM, the Stargate-powered ETH and USDC pools provide deep liquidity. This is accomplished by obtaining liquidity from various networks in order to provide improved capital efficiency and price. Stargate’s liquidity architecture, which is based on LayerZero, links users to over 50 blockchains and unifies liquidity, ensuring smooth interoperability. Developers and consumers on Cronos may therefore benefit from connectivity between the Omnichain network, one of the networks that Stargate currently supports. Cronos Lead Mirko Zhao said: “Thanks to LayerZero, the Cronos universe has just expanded. With new Stargate pools for ETH and USDC, Cronos EVM users can enjoy boundless liquidity, while DeFi projects can create new products that are native to Cronos while being fully cross-chain. We’re excited to see what developers create by taking advantage of these powerful primitives that strengthen the ties between Cronos and the broader omnichain landscape.” Cronos may greatly improve the end-user experience by incorporating Stargate, especially with regard to token bridging. Cronos dapp developers will also profit from the shift, as they may use Stargate’s unified liquidity network to create new cross-chain solutions that take advantage of Omnichain scalability. Hydra is a core component of Stargate’s V2 protocol and functions as a Bridge-as-a-Service (BaaS). Chains without native assets may now access unified liquidity across Stargate’s whole network thanks to this. Dapps may attach directly to the Omnichain to get stablecoin support, capital efficiency, and smooth interoperability by minting 1:1 Hydra-backed assets on connected chains and locking native assets in core pools. This aids new chains in quickly scaling from day one and bootstrapping users and liquidity. Direct pipelines between the Cronos ecosystem and Stargate’s linked chains, such as Ethereum, Arbitrum, Optimism, and Base, will be created with the introduction of additional pools and Omnichain connection on Cronos EVM. Users will be able to move across blockchain networks quickly and easily, which will allow Cronos to increase TVL and deepen liquidity. Lamps, Foundation Lead at Stargate stated: “Cronos is a core pillar of the DeFi industry. By connecting to Stargate’s Omnichain liquidity network, Cronos enters a truly unified Web3 where value flows freely, and developers can unlock the next generation of Omnichain-powered applications.” Adopted by Crypto.com and more than 500 application developers and partners, Cronos is a prominent blockchain ecosystem that serves an addressable user base of over 80 million people globally. With an emphasis on Decentralized Finance and Gaming, Cronos aims to make self-custody in Web3 simple and secure for the next billion cryptocurrency users. Three chains make up the Cronos universe: Cronos POS, a prominent Cosmos chain for payments and NFTs; Cronos zkEVM, a novel high performance layer 2 network; and Cronos (EVM), the top Ethereum-compatible blockchain built on Cosmos SDK. Cronos is one of the top 15 blockchain ecosystems, protecting user assets worth over $6 billion. More than 100 million transactions have been safely cleared since its introduction in 2021. Source: https://thenewscrypto.com/cronos-evm-launches-stargate-powered-eth-and-usdc-pools-with-layerzero-integration/