DeFi liquidity protocol adds ConsenSys-developed zkEVM rollup Linea


Amid the rising recognition of layer-2 scaling options primarily based on zero-knowledge (ZK) proofs, decentralized finance liquidity protocol Symbiosis has added help for Linea, a zkEVM-based scaling answer for cross-chain swaps developed by ConsenSys.

Symbiosis mentioned in a press release that Linea is a developer-ready zkEVM rollup, which suggests it’s Ethereum-compatible and thus lets builders reuse numerous present infrastructure for creating multi-asset options. Linea includes 100+ protocols, developer instruments and decentralized purposes, making it a probably useful scaling instrument for builders within the Ethereum ecosystem.

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Symbiosis broke into the mainstream in March 2022 with its stablecoin liquidity answer. Since then, the cross-chain liquidity supplier has built-in a number of different layer-2 scaling options.

In April, the protocol integrated zkSync, a ZK-rollup developed by Matter Labs. The combination helped the protocol present one-click swaps from Ethereum, Polygon, Avalanche, BNB Chain, Telos and different blockchains to zkSync and again. Since April, the cross-chain liquidity protocol has added different in style L2 options, together with Polygon’s zkEVM, Optimism and Arbitrum.

Cointelegraph contacted Symbiosis co-founder Nick Avramov to get perception into the protocol’s expertise with L2 options, why it selected Linea and the way the answer compares with different L2s. Avramov mentioned that Linea completely aligns with the protocol’s technique to help the most well-liked L2s and that the choice to combine it was primarily based on group suggestions and requests from companions resembling OpenOcean, OKX DEX and extra, that are utilizing Symbiosis software program improvement package/API.

On the rise of ZK-rollups as a distinguished L2 power, Avramov mentioned:

“ZK-rollups have higher person onboarding capabilities, as they’re concentrating on new domains like GameFi, Social, and many others., to have interaction extra folks with out safety sacrifice, as most of those new domains depend on Ethereum and value much less.”

He mentioned ZK options are a pure evolution of rollups, including, “I imagine, in some unspecified time in the future, optimistic rollups will stop to exist.”

Associated: ConsenSys zkEVM set for public testnet to deliver secure settlements on Ethereum

Avramov believes that ZK-rollups are the true L2 answer and might probably resolve the cross-chain/multichain dilemma, a problem that Ethereum co-founder Vitalik Buterin raised in January 2022.

Symbiosis mentioned the mixing of ZK-rollups has already helped it scale and enhance its transaction throughput by 300% month on month, with cross-chain buying and selling quantity hovering previous $500 million. The liquidity supplier believes that with the mixing of Linea, cross-chain swaps can surpass $1 billion in quantity within the coming months.

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