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LayerZero Eco-project and development potential

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The full-chain narrative is very convincing for multi-chain interaction and pushing DeFi towards 2.0.

原文标题：《一文速览 2023 年 LayerZero 生态项目和发展潜力》

Original article by RightSide

Deep Tide TechFlow

The LayerZero ecosystem is where I spend most of my time because I see it as a major player in the crypto world of the future. The full-chain narrative is very convincing for multi-chain interaction and pushing DeFi towards 2.0.

LayerZero is a protocol designed to provide composability and interoperability between chains, with a high degree of security and low cost. And within seven months, one million messages had been signed.

一文速览 2023 年 LayerZero 生态项目和发展潜力

I think there are three capabilities that bring value to LayerZero:

1. Security: Transactions are completed only if both the predictor and the repeater agree that the transaction is considered real, thus reducing malicious transactions to the chain.

一文速览 2023 年 LayerZero 生态项目和发展潜力

2. Composability: Current cross-chain bridging creates a liquidity break due to the exclusivity of the pool of capital created to connect to the new chain. Layer Zero Full chain communication enables the transfer of assets without fragmentation.

3. 多链：正如 Vitalik 所提到的 "未来将是多链的，但不会是跨链的"，这是指跨链桥对安全的限制。全链可替代 Token (OFTs) 通过将 Token 从源链上烧掉并铸造到目的链上，阻止了这些风险。

这允许在不使用跨链桥（今年经常被黑客攻击）的情况下移动资产，并在生态系统内建立一个 Token 标准，允许建设者在此基础上进行更少的努力。

With these capabilities, the future of multi-chain is developing, said Layer. Various existing agreements have appeared and caused a stir:

1. Stargate Finance

2. GhostlyGhosts

3. TapiocaDAO

1.Stargate Finance Allows the transfer of assets across different chains and minimizes slip points due to no fragmented liquidity. They peaked at $4 billion TVL (April 6, 2022).

$STG，第一个 OFT，在与 Sam Trabucco 的拍卖中成为头条新闻，称他们购买了所有 Token 。

一文速览 2023 年 LayerZero 生态项目和发展潜力

Stargate Finance continues to scale, most recently deploying MetisDAO. Currently, there are 7 chains that can transfer assets, and most of the available assets are stablecoins (USDC, BUSD, USDT).

一文速览 2023 年 LayerZero 生态项目和发展潜力

Stargate has always been a convenient experience for transferring assets: Connect -> Select the assets to be transferred -> Which chain to choose -> Approve and transfer -> Wait 45 seconds. Finished.

一文速览 2023 年 LayerZero 生态项目和发展潜力

2.Gh0sts Is the first in all 7 with Layer Zero Compatible full chain NFT cast on blockchain. It reached the base price of 1ETH within the first 24 hours of launch and has good BD such as partnerships with BinanceNFT and CoinbaseNFT.

Since then, the project has been in the doldrums, but as stated in their final announcement, the focus of the project is to empower the community, so there is no road map and only 3% of Opensea (ETH) builds.

3.Tapioca Dao It's a project I'm very optimistic about in 2023. Simply put, borrow and lend assets in more than 12 chains without worrying about liquidity dispersion or the need for cross-chain Bridges.

$0 will also be launched as the first full chain stablecoin (over-pledged like $DAI).

Imagine you lend your ETH in Ethereum and borrow stablecoins (USD0) in Arbitrum. This is not possible under the existing DeFi protocol, but Tapioca Dao is making it a reality.

一文速览 2023 年 LayerZero 生态项目和发展潜力

TapiocaDAO uses Kashi, an isolated venture market lending engine, and Yieldbox (BentoboxV2) for their smart contracts.

TapiocaDAO confirmed that there were airdrops, but not as you know them.

Instead of receiving a free $TAP, those who qualify will have the option to purchase $TAP from the DAO at a 15% to 75% discount, valid for 36 hours (LBP).

一文速览 2023 年 LayerZero 生态项目和发展潜力

All in all, LayerZero's core technology solves the trilemma of DeFi scaling by enabling seamless interchain transactions. The agreement built on this basis, fully utilising its capabilities, has enormous potential.

Multi-chain is the way forward.