1 year ago
The co-founder of the liquidity protocol said the zk roll-up-based scalable solution has the imaginable to lick the scalability dilemma enactment guardant by Ethereum co-founder Vitalik Buterin.
Amid the increasing popularity of zero-knowledge (ZK) impervious based layer-2 scalable solution, decentralized concern liquidity protocol Symbiosis has added enactment for Linea, a zkEVM-based Consensys-developed scalable solution for cross-chain swaps.
Symbiosis said successful a connection that Linea is simply a developer-ready zkEVM roll-up type, which means it is Ethereum-compatible and frankincense lets developers reuse a batch of existing infrastructure for creating multi-asset-based solutions. Linea comprises 100+ protocols, developer tools, and decentralized applications (Dapps), making it a utile scalable instrumentality for developers successful the Ethereum ecosystem.
Symbiosis Finance broke into the mainstream with its stablecoin liquidity solution successful March 2022. Since past the cross-chain liquidity supplier has integrated respective different layer-2 scalable solutions.
Earlier successful April, the protocol integrated zkSync, different zk rollup developed by Matter Labs. The integration helped the protocol to supply one-click swaps from Ethereum, Polygon, Avalanche, BNB Chain, Telos and different blockchains to zkSync and back. Apart from zkSync, the cross–chain liquidity protocol has besides added different fashionable L2 solutions, including Polygon’s zkEVM, Optimism, and Arbitrum since April.
Cointelegraph contacted Symbiosis co-founder Nick Avramov to get penetration into the protocol’s tryst with L2 solutions, what made them take Linea and however the solution stands successful examination to different L2s. Avramov told Cointelegraph that Linea perfectly aligns with the protocol’s strategy to enactment the astir fashionable L2s and the determination to integrate it was based connected the assemblage feedback and requests from partners specified arsenic OpenOcean, OKX DEX and more, that are utilizing Symbiosis SDK/API.
Talking astir the emergence of ZK rollups arsenic a salient L2 force, Avramov said:
“zk roll-ups person amended idiosyncratic onboarding capabilities arsenic they are targeting caller domains similar Gamefi, Social etc. to prosecute much radical without information sacrifice arsenic astir of these caller domains trust connected Ethereum + outgo less."Zk solutions are a earthy improvement of rollups, helium said, adding "I judge astatine immoderate constituent Optimistic rollups volition cease to exist."
Avramov noted that zk rollups are the existent L2 solutions and person the imaginable to resoluteness the cross-chain/multi-chain dilemma, an contented that was raised by Ethereum co-founder Vitalik Buterin successful January 2022.
Symbiosis said the integration of zk rollups has already helped it standard and summation its transaction throughput by 300% period connected period with cross-chain trading measurement soaring past $500 million. The liquidity supplier believes with the integration of Linea, cross-chain swaps tin surpass the cardinal dollars successful measurement successful the coming mates of months.
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