Elk Weekly Recap — #16

New chain optimizations, wallet integrations, analytics, ILP upgrades, and more. Read on for more recap from an action-packed week…

Protocol News

• Analytics pages and ILP support went live for the newly added chains
• Network Milestones 🎉: Several networks saw all-time highs for TVL. Polygon passed $3 million TVL

Community & Partnership Happenings

• AVME (Avalanche) integrated Elk into their anti-malware desktop wallet
• Hyperpay, a multi-chain wallet, also integrated ElkDex into their digital wallet
• The Elk.Finance Twitter account breached 12k followers
• ICYMI, a recap of last week’s YetiSwap AMA was published
• We’re hiring! We posted a listing for a Blockchain Systems Developer to join the Elk team

Having fun yet?

Twelve chains, and a few more on the way (if you know where to look). It can be a bit overwhelming, but that’s perfectly natural when plans turn real. It’s cliché to say that things move fast in crypto, but that’s why we’ve consciously adopted an all-of-the-above strategy in terms of network launches. For this recent new round launches, we previewed a more streamlined approach, offering a more limited range of initial farms. This strategy will allow us to concentrate liquidity on the most important pools, ensuring that Elk performs just as well on smaller and emerging chains as large and established ones.

This approach will allow us to continue an aggressive launch strategy, gaining a foothold on a number of chains by year’s end. Since every chain is different, there is no one-size-fits-all approach, and we plan to tailor our offerings to meet each ecosystem where they are at today. For upcoming launches on the remaining large networks, you can expect a wider range of pool offerings out of the gate.

It’s a point we’ve made before, but it bears repeating: Elk is a highly adaptive peer-to-peer network with a set of core tools and functions that can be deployed to multiple ends. This means that Elk is able to scale and evolve with other networks based on their own trajectories, needs, and identity.

If you’re like us, new chain launches are also nice occasions to break out of DeFi tunnel vision and explore a new ecosystem. In the coming weeks, we plan to highlight some of the unique projects we’ve discovered on these new chains, where a lot of the under-the-radar innovation is taking place.

As a community-driven project, we’re all explorers together. If you happen upon an original project after bridging ELK to a new network, drop into our Telegram or Discord and let us know. We’d love to hear about them.

• Further optimizations to ElkNet based on the new chain launches
• A new network incentive
• …more!