{"id":795821,"date":"2021-04-02T16:36:50","date_gmt":"2021-04-02T20:36:50","guid":{"rendered":"https:\/\/coinquora.com\/?p=30745"},"modified":"2021-04-02T16:36:50","modified_gmt":"2021-04-02T20:36:50","slug":"eos-to-become-first-decentralized-chain-thanks-to-liquidapps","status":"publish","type":"station","link":"https:\/\/platodata.io\/plato-data\/eos-to-become-first-decentralized-chain-thanks-to-liquidapps\/","title":{"rendered":"EOS to Become First Decentralized Chain Thanks to LiquidApps"},"content":{"rendered":"\n
EOS\u2019s smart contract platform is about to become the first truly decentralized chain thanks to LiquidApps<\/a>. The blockchain will achieve this by integrating LiquidApps\u2019 DAD Bridge.<\/p>\n Of Note, LiquidApps specializes in helping decentralized projects accelerate their development process. Currently, LiquidApps\u2019 strong suite of services run on its primary innovation, DAPP Network.<\/p>\n In addition, developers on the DAPP Network created the Bifrost Bridge<\/a> to enable cross-chain liquidity transfers between Ethereum and EOS networks. Also, DAPP Network is a part of the DAPP Account DAO<\/a> (DAD) community.<\/p>\n However, to prove the effectiveness of the bridge, the DAPP team cloned Ethereum\u2019s Curve<\/a> program. As a resolve, EOS now hosts the Curve clone called eCurve<\/a>. To date, eCurve has facilitated over $1 million in DAI\/ USDC liquidity transfers between EOS and Ethereum.<\/p>\n Notably, Curve is a decentralized exchange (DEX) that aims to address high gas costs and price slippage on the Ethereum network. Despite being the leading smart contracts network, Ethereum has been riddled with scaling limitations and high gas prices. As a result, several L2 projects have been launched to offer relief on the blockchain.<\/p>\n However, comparatively eCurve is faster and cheaper than Curve. On the one hand, Curve transactions take up to 15 minutes and cost between $1 to $200. On the other hand, eCurve is not just cheaper, its transactions are actually free with almost instant transaction execution.<\/p>\n Moreover, eCurve not only serves as proof that the DAD Bridge works, but that the concept can work on any blockchain like Binance<\/a> Smart Chain or Polkadot. Also, the development could help EOS not only survive the highly competitive crypto market but also become a pioneer in building an interconnected DeFi<\/a> system.<\/p>\n The blockchain space is growing at an unprecedented rate thanks to crypto adoption by several leading investment institutions and blue-chip companies. However, both the actual growth and speed have revealed an urgent need for more robust cross-chain bridges. Recently, crypto YouTuber Sheldon Evans<\/a> noted that different blockchains need to work together in order to optimize. This is because no blockchain to date is self-sufficient, rather different chains need to help solve each other\u2019s problems.<\/p>\n Unfortunately, most DeFi blockchains function as silos. In addition, truly decentralized cross-chain bridges are still few and far between. As such, this key milestone by EOS could help usher in more cross-chain integration and help the entire crypto-sphere elevate.<\/p>\n Speaking on the DAD Bridge integration, Blockstart Founder and leading DSP on the DAPP Network, Raman Bindlish, noted<\/p>\n \u201cThese are exciting times for us as developers of the technology as years of hard work from multiple teams coming to fruition. We are seeing the vision of multi-chain DeFi materialize and it can really enable the solutions that can scale to the same level as traditional finance.\u201d<\/p>\n The following features make the DAD bridge a true game-changer:<\/p>\n Finally, the integration comes at an opportune time as the EOS network recently lost its largest DeFi project, Effect Network. In addition, there is an urgent need to address congestion and high gas fees on the Ethereum network. The exorbitant fees led Binance CEO CZ to even refer to the network as only suitable for the rich<\/a>. As such, LiquidApps could prove to be the savior DeFi has been waiting for.<\/p>\n Follow us on Twitter<\/a>, Telegram<\/a> and Google News.<\/a><\/p>\nCurve vs eCurve<\/strong><\/h2>\n
Key DAD Bridge Features<\/strong><\/h2>\n
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