Zada Finance: Launches Scroll Testing Network
On April 4th, according to official Twitter, Zada Finance announced the launch of the Scroll testing network. ZadaFinance is a cross Rollup order book DEX built on Scroll, supporti
On April 4th, according to official Twitter, Zada Finance announced the launch of the Scroll testing network. ZadaFinance is a cross Rollup order book DEX built on Scroll, supporting account abstract wallets. And it is the first native open source cross RollupDEX on Scroll. At present, Zada Finance is still in the alpha phase and will launch a dashboard in the future to integrate with Orbiter’s SDK and achieve cross Rollup aggregation transactions.
Cross Rollup Order Book DEX Zada Finance Announces Launch of Scroll Test Network
Zada Finance recently announced the launch of the Scroll testing network through its official Twitter account. This development is set to revolutionize the world of decentralized finance (DeFi) by introducing a cross Rollup order book DEX built on Scroll, which supports account abstract wallets. Furthermore, it will be the first native open-source cross Rollup DEX on Scroll.
What is Zada Finance and Scroll?
Zada Finance is a leading player in the world of DeFi, focused on enabling cross-chain liquidity through innovative technology solutions. On the other hand, Scroll is a layer 2 scaling solution based on Ethereum, designed to improve the performance and scalability of Ethereum-based applications.
The Features of Zada Finance’s Scroll Testing Network
The Scroll testing network is designed to provide developers with a safe and affordable space to develop DEXs that are scalable and efficient. Specifically, it offers the following features:
Cross Rollup Order Books:
The Scroll testing network introduces cross Rollup order books that allow users to trade any asset across different Rollups, bridging liquidity pools.
Account Abstract Wallets:
With Scroll, users can now interact with decentralized applications (dApps) on various Rollups using a single account abstract wallet, which enhances usability and network neutrality.
Open-Source Cross Rollup DEX:
Zada Finance’s Scroll testing network introduces an open-source cross-Rollup DEX that supports different Rollups, including Optimistic Rollups, zkRollups, and Validium.
Alpha Phase:
Zada Finance’s Scroll testing network is currently in its alpha phase, with more features to be added in the future.
The Future of Zada Finance and Scroll
With the recent launch of Scroll testing network, Zada Finance is well on track to achieve its mission of enabling cross-chain liquidity at scale. The Scroll testing network offers a robust platform that leverages the best aspects of different Rollups to provide a unique and efficient user experience.
Furthermore, Zada Finance has plans to launch a dashboard that integrates with Orbiters’ SDK in the future. This integration will enable cross Rollup aggregation transactions, allowing users to process transactions across different Rollups through a single interface.
Conclusion
In a nutshell, Zada Finance’s Scroll testing network represents a significant development in the world of DeFi and a critical milestone in enabling cross-chain liquidity. The platform offers a unique experience by enabling cross Rollup order books, account abstract wallets, and an open-source cross Rollup DEX. With many more features set to be added in the future, it is sure to take the emerging technology market by storm.
FAQs
1. What is Scroll?
Scroll is a layer 2 scaling solution based on Ethereum designed to scale Ethereum-based apps.
2. When will Zada Finance launch a dashboard for its Scroll testing network?
Zada Finance has not provided a specific timeline for the launch of its dashboard. However, it will integrate with Orbiter’s SDK to enable cross Rollup aggregation transactions.
3. What are the benefits of using an account abstract wallet?
An account abstract wallet offers users a simple interface to interact with different Rollups and enhances network neutrality.
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