NEAR Ecosystem Biweekly Digest #5
Presenting our newest NEAR Ecosystem Biweekly Digest! Come explore the most recent two weeks of substantial advancements within the NEAR Protocol and Aurora Ecosystems. From thrilling new releases to meaningful collaborations, stay connected for updates on pioneering innovations and achievements.
Unveiling Octopus 2.0: NEAR Restaking and Ottochain Launch
Octopus Network unveils its 2.0 mainnet, introducing Ottochain with NEAR Restaking and cross-chain capabilities. $NEAR holders can now stake across appchains, earning $OCT rewards. The upgrade includes a buyback-and-burn model for $OCT, enhancing token value. Octopus 2.0 complements its predecessor, offering advanced multi-chain infrastructure and fostering broader community engagement. Read more about it in this article.
NEAR DA Integration Boosts Ethereum Rollups on Arbitrum Orbit
NEAR’s Data Availability layer (NEAR DA) joins forces with Arbitrum Orbit, empowering Ethereum rollup developers. This integration allows for cost-effective data availability, significantly reducing overheads and enhancing scalability within the Arbitrum ecosystem. Rollup builders now leverage NEAR DA’s efficiency, enabling seamless, reliable, and economical rollup development while preserving Ethereum’s security guarantees. Read more about it in this article.
NEAR and KAP Games Co-Grants: Empowering Web3 Gaming Development
The NEAR Protocol and KAP Games collaborate to fuel Web3 gaming innovation, offering grants to elevate game development in the blockchain space. Developers can leverage NEAR’s scalable infrastructure, emphasizing usability, security, and innovative features, enabling seamless game creation and enhanced player experiences. You can apply for funding opportunities at kap.gg/f/grants. Read more in this X thread.
LiNEAR Protocol Introduces $LNR Governance Token & Liquid Restaking
LiNEAR Protocol launches $LNR governance token, enabling stakeholder influence and introduces $bLiNEAR, a liquid restaking derivative. $LNR holders govern LiNEAR, set staking rates, and participate in revenue sharing, fostering community engagement and protocol development. With restaking innovations, LiNEAR enhances liquidity for staked $NEAR, boosting revenue and utility within the ecosystem while preparing for a strategic $LNR airdrop. Read more about it in this article.
Veax Revolutionizing Decentralized Trading on NEAR
In their latest article, Veax explores their innovative approach to decentralized finance (DeFi) on the NEAR Protocol, reshaping trading dynamics. Features like Concentrated Liquidity, Multiple Fee Levels, and innovative security measures, known as ‘Guardians,’ set Veax apart. By optimizing liquidity provision with price ticks and single-sided positions, and empowering users with customizable fee levels, Veax stands as a potential game-changer, promising both profit and security for decentralized trading enthusiasts. Read more about it in this article.
In Summary, NEAR’s recent strides in Octopus 2.0, KAP Games collaboration, LiNEAR’s governance token, and Veax’s innovative trading approach highlight its commitment to revolutionizing DeFi and gaming. These initiatives underscore NEAR’s dedication to efficiency, security, and community engagement, positioning it as a catalyst for transformative advancements in the blockchain landscape.
