Ethereum Layer 2 News Roundup - Week 34

Complete "Orbiter Bridge Odyssey - zkSync Era Flight" Quest to Get 2in1 Airdrop

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Coin Wire
August 28, 2023

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KEY TAKEAWAYS

  • PancakeSwap V3 Goes Live on Ethereum Layer 2 Linea Mainnet

  • 1inch Network Launches on Ethereum Layer-2 Base

  • Aave V3 is Now Live on Ethereum Layer-2 Base

  • Complete "Orbiter Bridge Odyssey - zkSync Era Flight" Quest to Get 2in1 Airdrop

ECOSYSTEM UPDATES

PancakeSwap V3 Goes Live on Ethereum Layer 2 Linea Mainnet

PancakeSwap version 3 (v3) has expanded to the Linea mainnet, enabling users to trade tokens at lower fees and improved capital efficiency. Linea, built by Consensys, utilizes zero-knowledge proofs with full Ethereum Virtual Machine computing for faster transactions and reduced gas costs.

PancakeSwap v3 on Linea introduces advanced Swap and Liquidity Provision functionalities, allowing liquidity providers to maximize their capital efficiency and generate higher returns during market volatility.

1inch Network Launches on Ethereum Layer-2 Base

1inch Network has launched a decentralized exchange aggregation protocol on the Ethereum Layer 2 network, Base, allowing users to optimize swap rates by accessing liquidity from platforms like Uniswap and Balancer.

They have also introduced a limit order protocol, enabling users to trade at desired prices when the market price aligns. With a dominant position in the DEX aggregation niche, 1inch has processed over $1 billion in trading volume in just one week and has integrated with multiple Layer 2 networks and blockchains.

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Aave V3 is Now Live on Ethereum Layer-2 Base

Aave's governance forum approved the deployment of the lending protocol's V3 iteration on the Layer 2 scaling network Base. This move allows users to deposit and borrow various assets on the Base platform.

Aave's decision to launch on Base comes at an opportune time as they aim to recover from the aftermath of the Curve Finance reentrancy attack and restore confidence among liquidity providers.

Complete "Orbiter Bridge Odyssey - zkSync Era Flight" Quest to Get 2in1 Airdrop

The Orbiter Bridge Odyssey is a journey of discovery through Orbiter's partner ecosystems. In this third phase, Orbiter has partnered with leading projects in the zkSync Era ecosystem to offer participants a chance to win prizes.

By completing tasks set by each project, you can earn loyalty points which increase your chances of winning a prize. In addition, interacting with Orbiter and zkSync Era can boost your chances of receiving an airdrop from either project. For more details, visit here.

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