Andromeda–Milky Way collision

Paribus Announces Mainnet v1 Launch

Retrieved on: 
Wednesday, March 29, 2023

MIAMI, FL, Mar 29, 2023 - (ACN Newswire) - The creators of a brand new cross-chain decentralized borrowing and lending protocol announce the release of their Mainnet v1.

Key Points: 
  • MIAMI, FL, Mar 29, 2023 - (ACN Newswire) - The creators of a brand new cross-chain decentralized borrowing and lending protocol announce the release of their Mainnet v1.
  • The launch marks the first step in their journey to be the go-to borrowing and lending platform for NFTs.
  • With such a growth in adoption, I believe systems like Paribus will become much more fluid and collateral friendly."
  • Paribus COO Wilson Davis said, "Being a cross-chain borrowing and lending protocol, our goal with Paribus is to help bring liquidity and TVL from other ecosystems into the Cardano network.

API3's New OEV Oracle Will Enable dApps to Save What Is Currently Lost to MEV

Retrieved on: 
Tuesday, November 1, 2022

API3's OEV data feeds for DeFi will capture the value normally extracted by MEV -over $675M to date- and return it to the dApps.

Key Points: 
  • API3 will do this by deploying a novel oracle service design that maximizes value capture for the dApp by both minimizing and retaining MEV.
  • Recently, important developments in both oracles and order flow auctions have made it practical to capture the OEV previously extracted by block producers.
  • OEV-enabled data feeds then accurately return the proceeds of these auctions to the dApps that generate the value in the first place.
  • In sum: protocols get more accurate oracle data, and instead of paying for this service, they get paid by it."

Milkomeda Paves the Way for Blockchain Growth and Interoperability With the Launch of the EVM-Based A1 Rollup on Algorand

Retrieved on: 
Wednesday, October 19, 2022

GEORGE TOWN, Grand Cayman, Oct. 19, 2022 /PRNewswire/ -- Milkomeda, builders of novel Layer 2 solutions designed to enhance user experience, increase developer traction, and deliver the next generation of inter-blockchain interoperability for leading Layer 1 ecosystems, has today launched the A1 Rollup, a unique interoperability solution, on the Algorand mainnet.

Key Points: 
  • Milkomeda has today launched the A1 Rollup, a unique interoperability solution, on the Algorand mainnet.
  • Fresh off the heels of its recently awarded Algorand SupaGrant for EVM capabilities , Milkomeda delivers on its promises and launches the A1 Rollup to realize a new vision of blockchain interoperability.
  • "I'm thrilled to see the launch of Milkomeda on Algorand," said John Woods, Algorand Foundation CTO.
  • The A1 Rollup uses wrapped ALGOs (milkALGOs) as its base currency, significantly streamlining and simplifying the onboarding process for users of Algorand.

Milkomeda Receives SupaGrant From the Algorand Foundation to Bring EVM Capabilities to the Algorand Blockchain

Retrieved on: 
Tuesday, October 11, 2022

GEORGE TOWN, Grand Cayman, Oct. 11, 2022 /PRNewswire/ -- Milkomeda receives SupaGrant from the Algorand Foundation to develop its A1 Rollup for the Algorand ecosystem. This novel protocol introduces a user-friendly, EVM compatibility solution to the Algorand ecosystem and opens it up to the hundreds of thousands of developers writing in Solidity—the world's most popular smart contracting language.

Key Points: 
  • Novel L2 protocol, Milkomeda, receives a grant to develop the Milkomeda A1 Rollup, bringing EVM capabilities to Algorand and enhancing blockchain interoperability.
  • GEORGE TOWN, Grand Cayman, Oct. 11, 2022 /PRNewswire/ -- Milkomeda receives SupaGrant from the Algorand Foundation to develop its A1 Rollup for the Algorand ecosystem.
  • "Through the SupaGrant the Algorand Foundation has provided key support for enabling Milkomeda A1 to get off the ground and become a reality," says Rob Kornacki, Milkomeda Foundation Director.
  • The Milkomeda A1 Rollup is an EVM-based, layer 2 technology that functions through a novel data availability protocol and was developed specifically to bring EVM capabilities to the Algorand blockchain.

Milkomeda Releases Algorand Rollup Public Testnet as the Next Phase in Unparalleled Blockchain Interoperability

Retrieved on: 
Wednesday, July 20, 2022

GEORGE TOWN, Grand Cayman, July 20, 2022 /PRNewswire/ -- Milkomeda, a novel Layer 2 project built to enhance user experience, developer traction, and delivering the next generation of inter-blockchain interoperability for leading Layer 1 ecosystems, has today announced the launch of their A1 Rollup on Algorand Public Testnet.

Key Points: 
  • Milkomeda enables thousands of Ethereum developers to expand their horizons by building on top of the most popular non-EVM blockchains which were unapproachable to them until now.
  • Initially, the Milkomeda protocol launched (as a sidechain) on Cardano, and now with this new step forward, is releasing its latest innovations on Algorand.
  • Through an EVM-based rollup, both existing Milkomeda and Algorand users will have access to completely new experiences which have never been possible before.
  • Along with Algorand, Milkomeda is also preparing to expand into more blockchains in the future.

Cardano Ecosystem Builder AdaSwap Launches Its Public Testnet

Retrieved on: 
Wednesday, June 29, 2022

AdaSwap's team has been building the first decentralized exchange for the Cardano ecosystem over the past few months.

Key Points: 
  • AdaSwap's team has been building the first decentralized exchange for the Cardano ecosystem over the past few months.
  • The project's testnet launch marks a crucial milestone for AdaSwap and the broader Cardano ecosystem.
  • AdaSwap CEO Itai Levi comments:
    "Deploying on Milkomeda has allowed Adaswap to deploy at a rapid pace and bring lightning-fast usability to our DEX for Cardano native assets.
  • AdaSwap is the up-and-coming high-throughput decentralized exchange (DEX) tailor-made for the Cardano ecosystem and native tokens issued on this network.

EMURGO Launches New $100 Million Cardano Ecosystem Investment Vehicle

Retrieved on: 
Monday, September 27, 2021

Ltd. EMURGO , the official commercial arm of the Cardano blockchain, today announced the launch of a new Cardano ecosystem investment vehicle to invest into early startup and growth stage companies focused on building socially impactful solutions powered by Cardano.

Key Points: 
  • Ltd. EMURGO , the official commercial arm of the Cardano blockchain, today announced the launch of a new Cardano ecosystem investment vehicle to invest into early startup and growth stage companies focused on building socially impactful solutions powered by Cardano.
  • Ltd., this new Cardano investment vehicle will be composed of two separate entities, EMURGO Africa, and EMURGO Ventures, each with a distinct investment thesis.
  • As subsidiary entities of EMURGO - one of the founding members of Cardano - EMURGO Africa and EMURGO Ventures will leverage EMURGO's deep experience in blockchain solutions deployment and global network of industry partners to provide strategic capital to its portfolio companies, helping to bolster the Cardano ecosystem.
  • Adanian Labs, a venture building studio operator in Africa, will partner with EMURGO Africa to support impact driven startups expanding the Cardano ecosystem across the continent.