Snowflake Collaboration with Nazare Finance
Multisig wallet and on-chain automation for Solana, Snowflake, announced its collaboration with Nazare Finance, an automated liquidity manager built by GoblinGold and Hedge Labs.
Snowflake is excited about its collaboration with Nazare Finance, an automated liquidity manager built by GoblinGold and Hedge Labs.
Collaboration Highlights
Using optimized strategies, Nazare automatically manages and rebalances your concentrated liquidity position. While giving you a fully composable, fungible nLP token back, which represents a share of the pool and can be stake for additional rewards and used across the Solana ecosystem.
Nazare, built by builders from two amazing protocols, GoblinGold and Hedge Labs. That said, with team members across multiple protocols, a problem arises when collaborating together — how can you require multiple signers when making Solana program deployments and upgrades?
Enter Snowflake Multisig Program Upgrade
With Snowflake program deployment application, teams can easily collaborate together to build new tools for the Solana Community. Program authorities are securely transfer to a multisig. With an intuitive and easy-to-use interface, Snowflake Safe ensures that no single owner is able to make changes, but instead multiple signers are required to upgrade a program.
This unlocks a whole new world of collaboration for teams, who are now able to securely collaborate together on new programs, and ensure that no one specific individual has the keys to a program authority holding millions of dollars worth of funds on Solana.
Given the amount of recent security incidents, we strongly recommend this as best practice to ensure safety of protocols on Solana.
About SnowFlake
Snowflake, the first on-chain automation platform built on Solana. Snowflake network empowers developers and end-users to schedule & automate hundreds of smart contracts in one unified on-chain platform.
About Nazare Finance
Nazare is built by Goblin Gold and Hedge Labs with the support of Orca and Solend Protocol. Nazare uses optimized strategies to automatically manage and rebalance your concentrated liquidity position. As well as auto-compound the returns (including liquidity mining rewards!) for maximized yield.
SOURCE
https://medium.com/@snowflake_so/snowflake-safe-case-study-nazare-finance-7454bf63c9db
