Cronos EVM Deploys Stargate ETH And USDC Pools Following Integration With LayerZero Protocol
In Brief
Cronos EVM has deployed two new Stargate liquidity pools—supporting ETH and USDC—following its integration of LayerZero’s cross-chain messaging protocol, which enables interoperability across multiple blockchain networks.
Ethereum-compatible blockchain Cronos EVM has announced the deployment of two additional Stargate liquidity pools, introducing support for ETH and USDC.
These pools were launched following the integration of LayerZero’s cross-chain messaging protocol, which facilitates interoperability across multiple blockchain networks.
By incorporating LayerZero’s technology, Cronos EVM is now able to host Stargate-enabled pools that aggregate liquidity from various chains. This setup enhances trading efficiency and pricing by improving capital utilization. Stargate’s infrastructure, built on LayerZero, connects users to over 50 blockchain networks through a unified liquidity model. This provides both developers and users within the Cronos ecosystem with extended access to decentralized applications and assets across the broader Omnichain network.
“Thanks to LayerZero, the Cronos universe has just expanded. With new Stargate pools for ETH and USDC, Cronos EVM users can enjoy boundless liquidity, while DeFi projects can create new products that are native to Cronos while being fully cross-chain,” said Cronos Lead Mirko Zhao in a written statement. “We’re excited to see what developers create by taking advantage of these powerful primitives that strengthen the ties between Cronos and the broader omnichain landscape,” he added.
Cronos To Boost Liquidity And Developer Access To Omnichain Infrastructure
With the integration of Stargate, the Cronos blockchain aims to improve user interaction, particularly in the area of cross-chain token transfers. The update also presents opportunities for decentralized application developers on Cronos to access Stargate’s consolidated liquidity infrastructure, potentially enabling the development of scalable cross-chain functionalities within an Omnichain framework.
A key element of Stargate’s version two upgrade, known as Hydra, serves as a Bridge-as-a-Service solution, allowing blockchain networks without native assets to utilize liquidity from Stargate’s broader network. This is achieved by locking native tokens into core pools and issuing equivalent Hydra-backed tokens on other chains, thereby facilitating direct access to the Omnichain environment. Such access offers benefits in interoperability, efficient capital use, and support for stablecoins. This setup can assist emerging blockchain networks in acquiring liquidity and attracting users from the start.
The implementation of new liquidity pools and the activation of Omnichain connectivity on Cronos EVM is expected to establish direct links between Cronos and other networks currently integrated with Stargate, such as Ethereum, Arbitrum, Optimism, and Base. This infrastructure could contribute to an increase in total value locked and liquidity depth by streamlining asset movement across chains.
“Cronos is a core pillar of the DeFi industry,” said Lamps, Foundation Lead at Stargate, in a written statement. “By connecting to Stargate’s Omnichain liquidity network, Cronos enters a truly unified Web3 where value flows freely, and developers can unlock the next generation of Omnichain-powered applications,” he concluded.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
