House of Chimera’s recent Ecosystem Talks session on X Spaces, hosted on December 9, brought together the Zilliqa team and its partners to explore the advancements and collaborations shaping Zilliqa 2.0 and the blockchain ecosystem.
The discussion delved into Zilliqa's strategic partnerships with Wanchain and LSP Finance, highlighting their potential to drive innovation in interoperability, decentralised finance, and enterprise-scale applications.
The panel featured:
- Diederek Jacobs, Founder of House of Chimera
- Matt Dyer, CEO of Zilliqa
- Zoltan Fazekas, Head of Research at Zilliqa
- Michael Rey, CEO of LSP Finance
- Fang Zhang, CFO of LSP Finance
- Temijun Louie, CEO of Wanchain
The conversation provided valuable perspectives on Zilliqa 2.0, its interoperability with other networks, and validator opportunities on the upgraded blockchain.
Read on for the key highlights:
The Vision for Zilliqa 2.0
During the spaces, Matt Dyer explained that Zilliqa 2.0 is not just an upgrade but a complete rewrite of the blockchain, with new features such as built-in EVM interoperability, x-shards, and enhanced performance.
As Matt put it, “It’s a brand-new layer one protocol aimed at making blockchain more seamless and accessible.”
This new architecture introduces a proof-of-stake (PoS) model, replacing the current proof-of-work system. PoS validators will be able to offer liquid staking, which enables new opportunities for liquidity provision and DeFi.
The recent launch of Zilliqa 2.0’s Aventurine release marks the final step before mainnet migration, with the new blockchain is built to drive mass adoption and make Web3 easy for users and developers alike.
LSP Finance and Validator Onboarding
LSP Finance’s CEO, Michael Rey, and CFO, Fang Zhang, expressed their enthusiasm for Zilliqa 2.0’s staking innovations, highlighting their potential to simplify the staking process for the community while enhancing rewards.
Fang Zhang explained that LSP Finance’s validator-as-a-service model would allow community members to participate in validator rewards without the technical complexities of running a node.
This, she noted, is expected to bring substantial liquidity into the ecosystem, particularly from Asian markets where LSP Finance has a strong presence
Boosting Interoperability with Wanchain
Zilliqa’s collaboration with Wanchain promises to deliver a massive improvement to the network’s interoperability.
Temijun Louie, CEO of Wanchain, explained that their decentralised bridge will enable Zilliqa to connect seamlessly with Cardano and create the opportunity to expand connections to 40 other networks. He outlined that this bridge would facilitate the movement of tokens and assets, making it easier for Zilliqa users to access cross-chain assets such as USDT and USDC.
Louie also noted that this enhanced connectivity will unlock a wide array of opportunities for DeFi applications and liquidity inflow.
Reigniting DeFi on Zilliqa
Matt Dyer acknowledged that DeFi has been a missing piece of Zilliqa’s ecosystem for some time.
With Zilliqa 2.0, the team is focused on reinvigorating this space by building a robust and sustainable DeFi environment.
This includes launching money markets with attractive yields, expanding stablecoin options through partnerships to bring assets like USDC directly onto Zilliqa, and implementing developer-friendly tools to attract dApp developers.
Matt described this renewed push as “the beginning of a DeFi dawn for Zilliqa,” marking a significant step towards drawing liquidity and innovation to the platform.
As the mainnet launch of Zilliqa 2.0 draws ever closer, the team remains committed to unlocking the value of Web3 for everyone. The next few months promise to be an exciting time for the Zilliqa community!
Head to X Spaces to listen to the full recording of the AMA.
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