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The cross-chain Galxe quest | rhino.fi

June 7, 2023
in DeFi
Reading Time: 2 mins read
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Why we’re driving zkSync Period adoption with Galxe

We imagine zkSync Period, and different Layer 2 scalability initiatives like Polygon zkEVM, are the way forward for Ethereum and crypto as an entire.

zkSync Period takes transactions off Ethereum and lifts them above the congestion on the primary blockchain, sparing customers the punishing fuel charges that are (let’s be trustworthy) a giant drawback on Layer 1. 

Not solely that, however the blockchain makes use of zero-knowledge know-how to validate transactions. We’re all about zk tech ourselves; in truth, our rollup is constructed on it. In addition to being super-fast, zk tech ensures person privateness by validating transactions with out revealing the non-public particulars of both occasion.

We’ve labored hand-in-hand with zkSync since day 1, opening our very personal bridge to encourage folks to port their belongings to the ecosystem. And, by partnering with Galxe, we’re taking this a stage additional.

Galxe allows crypto customers to obtain prizes and NFTs for finishing particular missions, so it’s the right engine to drive curiosity in an rising venture like zkSync. Galxe has already gamified adoption in Optimism, Polygon and Arbitrum, and its rewards-based loyalty programmes have amassed over 30 million customers thus far.

For extra details about Galxe, go to their web site right here.

Why we’ve added a brand new DeFi yield mission

We need to lead a shift in the best way DeFi does passive revenue, shifting away from phony, inflated alternatives in direction of genuinely reliable (and trustless) ones.

So we’ve fastidiously curated a handful of alternatives on Rhino, prioritising initiatives that present:

Yield in mainstream, usable tokens somewhat than area of interest, untradeable ones.Actual, sustainable revenue: that’s to say, you solely earn revenue when folks truly borrow your tokens.Innovation, not inflation, maximising returns through clever strategies and applied sciences somewhat than mindlessly minting enormous quantities of tokens (one thing many early-stage yield initiatives have been responsible of).  

Every of our initiatives has been screened utilizing our rigorous methodology, contemplating a spread of things such because the status of the founding staff, the period of time they’ve been round and the lending/liquidity swimming pools they use.

Now we wish our customers to discover these alternatives. 

We’re completely not saying you, or anybody else, ought to commit your funds; that’s not what rhino.fi is for, and admittedly it could be irresponsible to push you in direction of a selected alternative.

However we wish you to see how post-bear DeFi is recalibrating its strategy to yield, so you may make an knowledgeable alternative in regards to the investments you make.

So, when you’d like to take a look at these alternatives, right here’s that hyperlink once more.

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Tags: CrosschainGalxeQuestrhino.fi
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