CashmereLabs Launches Public Testing Network for LayerZero-Based Multichain Anti-MEV DEX Aggregator
On April 23rd, it was announced that the Cashmere Labs team of LayerZero based multi chain anti MEV DEX aggregators announced the release of an initial public testing network, whic
On April 23rd, it was announced that the Cashmere Labs team of LayerZero based multi chain anti MEV DEX aggregators announced the release of an initial public testing network, which has been deployed on Ethereum Goerli, Polygon Mumbai, BSC Testnet, Arbitrum Goerli, Avalanche Fuji, Fantom Test Network, Optimism Goerli, Base Goerli, Line zkEVM Testnet, Polygon zkEVM Testnet, and Metis Goerli. At the same time, CashmereLabs has also partnered with Galxe, Layer3, and Zealy platforms to provide users with task processes.
LayerZero based multi chain anti MEV DEX aggregator Cashmare release public testing network
Cryptocurrency traders and investors have long been concerned with the issue of Miner Extractable Value (MEV), which is the profitability that miners can extract from a block. MEV can be leveraged to engage in practices like front-running, which enables miners to extract additional profits by prioritizing certain transactions. This has led to the emergence of various anti-MEV solutions in the crypto space that aim to provide users with fairer access to the blockchain. One such solution is the LayerZero-based multi-chain anti-MEV DEX aggregator by CashmereLabs, which has recently launched its public testing network.
What is the CashmereLabs LayerZero-based Multi-Chain Anti-MEV DEX Aggregator?
CashmereLabs is a blockchain technology startup focused on developing solutions to address the issue of MEV. CashmereLabs’ solution is a LayerZero-based multi-chain anti-MEV DEX aggregator that connects users to the liquidity pool of multiple decentralized exchanges (DEXs) across different blockchains. This allows traders to access a wider range of liquidity pools, essentially increasing the efficiency and reducing the cost of trading. The aggregator also features anti-MEV measures to ensure that users can trade on a fair and level playing field.
Public Testing Network
On April 23rd, CashmereLabs announced the release of its initial public testing network, which has been deployed on Ethereum Goerli, Polygon Mumbai, BSC Testnet, Arbitrum Goerli, Avalanche Fuji, Fantom Test Network, Optimism Goerli, Base Goerli, Line zkEVM Testnet, Polygon zkEVM Testnet, and Metis Goerli. The testing network enables users to try out CashmereLabs’ LayerZero-based multi-chain anti-MEV DEX aggregator and provide feedback on its functionality and design. This is an important step towards the eventual launch of the full product and will help to ensure that the aggregator is optimized for the needs of users.
Partnerships
In addition to the launch of the public testing network, CashmereLabs has also announced partnerships with Galxe, Layer3, and Zealy platforms to provide users with task processes. These partnerships will allow CashmereLabs to integrate its anti-MEV solution with these platforms, increasing the efficiency of tasks and ensuring fairer access to the blockchain.
Conclusion
The launch of the public testing network marks an important milestone for CashmereLabs and the development of its LayerZero-based multi-chain anti-MEV DEX aggregator. The product promises to be a game-changer in the crypto space by providing users with access to a wider range of liquidity pools and implementing anti-MEV measures to ensure fairer trading conditions. With the support of its partners and the feedback of its users, CashmereLabs is well-positioned to revolutionize the crypto space and address one of its most pressing challenges.
FAQs
1. What is Miner Extractable Value (MEV)?
MEV is the profitability that miners can extract from a block, which can be used to engage in practices like front-running to prioritize certain transactions and extract additional profits.
2. What is a LayerZero-based multi-chain anti-MEV DEX aggregator?
This is a solution that connects users to the liquidity pool of multiple decentralized exchanges (DEXs) across different blockchains and provides anti-MEV measures to ensure fairer trading conditions.
3. What is the significance of the public testing network?
The public testing network enables users to try out the product and provide feedback on its functionality and design, helping to ensure that the product is optimized for the needs of users.
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