Copper Is Going Multichain With Hexagon Finance

Published on: 20.04.2022

Hexagon Finance and the Copper Team has formed a strategic alliance to bring Avalanche LBPs to life!

The scalability of Avalanche transactions is one of the most impressive within the crypto ecosystem, with the capability to do 4500 tps via just 2 cores and 4 gigabytes of memory, whilst also being able to scale to an unlimited number of subnets. This means fast transactions and adaptability as the Avalanche blockchain becomes popular leading to a reliable user experience for our LBP hosts and participants.

Avalanche hosts nearly $11bn of funds locked in various protocols, and we believe with the 4th highest amongst any blockchain that the high number of users and capital will be likely to stay within the Avalanche ecosystem and therefore participate in Avalanche LBPs on Copper.

Avalanche is fully compatible with Ethereum assets, apps, and tooling with faster speeds, higher throughput, and lower fees meaning the developer community familiar with building on Ethereum can easily build on top of Avalanche so far.

Partnership with Hexagon Finance

The team at Hexagon Finance have built out a friendly fork of Balancer on Avalanche and a strategic partnership with them. As part of the partnership the Copper and Hexagon teams will:

Use the Hexagon Finance underlying codebase, based on Balancer Smart Contracts to bring LBPs to life on Avalanche.

Host their first Avalanche LBP on Copper, which is Hexagon Finance.

Hexagon team will encourage Copper as the platform of choice for Avalanche based LBPs.

Copper team will encourage teams to host their liquidity on Hexagon post LBP

About Hexagon Finance

Hexagon is the upcoming premier decentralized exchange and lending platform on Avalanche. An official fork of Balancer, Hexagon is incubated by Terraform Labs and supported by both Defrost Finance and Wanchain.

About Copper Launch

Copper is the most open, transparent, and user-friendly way to participate in Balancer Liquidity Bootstrapping Pools.
Liquidity and price discovery for an idea can now be easily bootstrapped by any community. Copper is here to help make LBPs accessible for everyone.