The launch of Ionise represents the first EVM-based money market protocol on the Zilliqa blockchain, following significant efforts to introduce and expand EVM compatibility on the network.

Ethereum Virtual Machine (EVM) is the software platform used to build applications on Ethereum and other protocols that have implemented EVM compatibility.

A Significant Step Towards a Thriving DeFi Ecosystem on Zilliqa

The recent development is a game-changer for paving the way towards a prosperous DeFi ecosystem on Zilliqa. This new enhancement aims to encourage more users to interact with the applications on the EVM-compatible network, which will subsequently increase the transaction volume.

At its initial launch, the platform allows borrowing and lending for two tokens: zUSDT and ZIL. However, Ionise is still in its early development stage and plans to support more tokens in the future. The platform’s development roadmap and governance decisions will determine the addition of new features over time.

Ionise allows users to borrow tokens and stablecoins without undergoing a credit check or lengthy origination process. This can be done directly on Zilliqa. Additionally, users can supply tokens and earn a variable APY by providing liquidity to the protocol.

Ionise provides users with the option to borrow tokens and stablecoins without a credit check and fast origination directly on Zilliqa. Additionally, users can supply tokens and earn a variable APY by providing liquidity to the protocol.

Ionise: A Decentralized Platform for Token Exchange and Lending

Ionise enables users to exchange and borrow tokens without intermediaries. This is made possible by smart contracts that run on the Zilliqa EVM network, which handle all transactions. With no central authority, your funds remain secure, and your loans are backed by collateral that you provide to the protocol.

Understanding APY: Annual Percentage Yield

APY, or Annual Percentage Yield, represents the projected earnings that suppliers can receive for providing liquidity to the protocol. By locking in this liquidity as collateral, users can borrow other tokens up to a specified limit.

It’s crucial to recognize that borrowing a substantial sum relative to your collateral increases the risk of liquidation. In such a case, the collateral you have pledged will be surrendered to the protocol.

Introducing Ionise, the first-ever EVM-based money market protocol constructed on Zilliqa. Ionise offers support for well-known Web3 wallets that are also compatible with other EVM networks. At the time of launch, Ionise was supported by leading wallets such as MetaMask, Coinbase, Ledger, and Brave.

How Ionise Protocol Utilizes Interest Rates to Incentivize Liquidity

While the Ionise protocol does not guarantee liquidity.  It offers a unique incentive structure that encourages users to supply assets to the protocol. As liquidity for assets decreases, the APY for supplying them increases, prompting users to provide more liquidity to the protocol and earn greater returns.

Ionise: A Secure and Expansive DeFi Platform

The price of assets that are available to lend and borrow using Ionise is maintained by a price oracle, and the protocol delegates the responsibility of establishing the value of assets to a committee that pools prices. Ionise provides security through the public transparency of its codebase, which is a fork of a highly reliable protocol with a track record of real-world success.

Even though Ionise is still in its early stages of development, there are several fascinating features that are planned to be introduced in the future, which will significantly increase DeFi opportunities for users, as well as the number of assets accessible on the platform.

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ChainUp, a Singapore-based enterprise blockchain company, offers an array of infrastructure development and ecosystem support solutions. With a global client base, the company delivers a range of compliance-focused offerings, including digital asset custody and exchange, liquidity, and infrastructure solutions.

Following the partnership, ChainUp will function as an industrial-grade infrastructure collaborator for Zilliqa Group. This collaboration will enhance Zilliqa’s ability to offer Web3 integrations in various sectors while simultaneously increasing the network’s market accessibility via ChainUp’s vast connections to cryptocurrency exchanges, Web3 enterprises, and investors worldwide.

ChainUp will also operate a Staked Seed Node (SSN) on the public Zilliqa network, improving decentralization while playing a key role in archiving a history of transactions and providing services to end-users.

Partnership Focuses on Secured and Compliant Infrastructure Solutions Using Zilliqa

Both companies are committed to delivering secure and regulatory-compliant infrastructure solutions through this partnership. ChainUp’s proven services such as custody and “Know Your Transaction” will play a significant role in achieving this goal by providing easy transaction assessment for compliance and protection against fraudulent activity.

This development places Zilliqa Group in an advantageous position to provide dependable, streamlined, and regulatory-compliant Web3 infrastructure services to its partners. The integration of ChainUp’s enterprise blockchain solutions will significantly broaden its operational capabilities, thus expanding its potential application for both enterprise and consumer use cases.

“Our partnership with ChainUp signifies an important strategic move for the entire Zilliqa Group and Zilliqa ecosystem, bolstering our existing capabilities in areas like loyalty and gaming, while offering all-new features and capabilities to both our portfolio companies, as well as businesses and developers that leverage the Zilliqa blockchain for their product and service offerings,” — Zilliqa Group CEO Matt Dyer.

Zilliqa Group has taken another significant stride towards enhancing its internal infrastructure services, including the nodes and API endpoints that facilitate users on the Zilliqa network, through its partnership with ChainUp.

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During the initial launch phase, SSI DeFi Account users can swap XSGD to S$I. In the future, users will also be able to obtain this token through zUSDT and over-collateralization of ZIL.

The decentralized exchange offers several functionalities to users, including the ability to trade between TYRON and S$I tokens, access to DeFi protocols, and a multi-DEX platform through which users can easily swap tokens on the Zilliqa network.

Unlike other decentralized exchanges, TyronDEX leverages the unique sovereign identity features of the DAO’s SSI accounts, allowing users to create a sovereign identity account with expanded functionality such as social recovery, integrated non-custodial wallets, and NFT domain names.

In addition, other wallets such as ZilPay can be used to connect directly with the TyronDEX interface if the user does not wish to create an SSI account.

What is TyronDEX?

TyronDEX is a decentralized exchange (DEX) that combines familiar DeFi protocols and tools with the sovereign identity functionality of the Tyron SSI Protocol.

Within the Tyron Network, self-sovereign identities (SSI) can interact with TyronDEX from their DeFi accounts using a simple and unified interface where they can choose from the best liquidity options, such as comparing the returns received from DragonDEX (ZilPay), ZilSwap (Switcheo), and Avely Swap (Avely) for the purchase and sale of stZIL.

The DEX will support trading between ZIL and tokens such as TYRON, XSGD, zUSDT, ZWAP, stZIL, and ZLP. It also enables the exchange of XSGD for S$I, as well as S$I for TYRON, and vice versa.

“The TyronDEX technology enables fair-launch IDOs with predetermined launch prices while allowing adjustments of variables such as token availability for the IDO. The first token to use this functionality is the TYRON token,” — Xalkan

The fair-launch technology of TyronDEX also allows for fundraising to be conducted in Singapore dollars thanks to the parity between the SSI dollar and XSGD.

“TyronDEX differs from other DEXs on Zilliqa, which are based on the ZIL cryptocurrency, by presenting new opportunities through the Sovereign Identity Dollar stablecoin (SSI Dollar, S$I).” — Xalkan 

TyronS$I and sovereign identity dollars

In addition to its stablecoin offering, the SSI Dollar, TyronDEX also supports the new TyronS$I token, a liquidity pool token created by combining the existing TYRON token and the new SSI Dollar.

“With TyronS$I, users can participate in farming, use it as a means of payment, transfer it to other members of the TyronS$I DAO, redeem it for governance credits, and obtain S$I loans. “Furthermore, the multiDEX functionality enables increased liquidity in any of the DEXs integrated with TyronDEX, as well as staking and owning soulbound tokens. All of these funds are always protected by the TYRON social recovery mechanism, which is permissionless and decentralized.”— Xalkan 

SSI Dollars can currently be created by burning TYRON tokens or locking XSGD, with the act of burning TYRON reducing the total supply of that token. Loans obtained through XSGD and zUSDT on TyronDEX are secured by non-custodial SSI vaults, and an annual fee is charged for managing these loans.

“Users can use their S$I for providing liquidity in decentralized exchanges like TyronDEX, joining DAOs, governing and profit-sharing from communities like the TyronS$I DAO, and other DeFi applications. Additionally, S$I can be used for payments and peer-to-peer transfers with fiat currencies.”—Xalkan

Users who choose to connect to TyronDEX using an SSI account will also have access to the platform’s expanded sovereign identity features, such as social recovery functionality, non-custodial digital identities, and DeFi wallets.

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Traders who are strong believers in the Zilliqa ecosystem and its potential to grow further can take a long position on Demex’s upcoming ZIL-PERP market. Demex is a powerful derivatives DEX, that enables traders to profit on price movement with no expiry on the perpetual contract.

Trading on Demex couldn’t be easier:

• Fire up Demex, and connect your wallet.
• Deposit selected stablecoins that get converted to USD.
• Start trading!

Demex provides an advanced but intuitive CEX-like experience for trading. It is supported by trading charts powered by Trading View, a plethora of indicators, trading charts, order types, and more.

With Zilliqa’s roadmap for Zilliqa 2.0 and promising developments on the rise, there has been a lot of positive speculation on the price making this attractive for traders to make the trade of a lifetime.

ZIL Money Market on Nitron

In partnership with Zilliqa, Demex’s money market Nitron will whitelist ZIL as collateral. The Zilliqa community can use this as a platform to lend and collateralize ZIL, unlock their capital to borrow other assets, or even mint Carbon’s stablecoin at USC. By lending ZIL, users also earn a lending APY from users who may want to borrow ZIL, earning HODLers a passive income.

Users can also borrow ZIL on Nitron, to mint stZIL on Avely Finance to earn the staking rewards. Nitron opens up a plethora of opportunities for users to hedge their portfolios or earn more yield on their assets.

ZIL Earn-a-thon

Demex is launching an exciting competition soon, in partnership with Zilliqa! The ZIL Earn-a-thon invites all you traders to trade ZIL-PERP and compete for the highest profit ranking on the leaderboard. A prize pool of 2,220 USD is up for grabs.

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Zilliqa is a decentralized platform that prioritizes speed and security. The network boasts a transaction speed that is claimed to be a thousand times faster than Ethereum.

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EVM (Ethereum Virtual Machine) is the software platform used to build applications on Ethereum. Not only on Ethereum but also with other protocols that have implemented EVM compatibility. Bringing EVM to Zilliqa opens its ecosystem to the wider blockchain developer community and allows users to use popular wallets such as MetaMask with the Zilliqa ecosystem.

Next Step After Testnet

The next step after this testnet implementation is to bring the first complete release of EVM compatibility to the Zilliqa mainnet, which is set to go live on April 25th, 2023.

Once this EVM implementation launches on the mainnet, users will be able to transfer native ZILs using wallets such as MetaMask. They can also deploy Solidity smart contracts using popular developer tools such as Truffle and Hardhat.

Going forward, EVM compatibility will be expanded to include full interoperability between Scilla and Solidity smart contract standards. This functionality will be phased in first on the testnet and later on the Zilliqa mainnet.

What to expect from EVM on mainnet

Valeriy explains the way EVM compatibility has been implemented on Zilliqa. It is superior to many layer-2 protocols due to the ability to transfer tokens natively without complex and extraneous conversion processes.

“This is a full, complete implementation of EVM compatibility with all the APIs. Most of the dApps will not require any adaptation at all. We have a better implementation than many layer-2 blockchains because one of the things that we’ve decided is to make EVM native to the Zilliqa ecosystem.

There are a small number of exceptions that are already published in our documentation and relate primarily to certain opcodes, but to a significant extent we have fully native EVM compatibility.

The Use of Metamask

This native implementation means people can use wallets like MetaMask. It is the same way they do on other blockchains without worrying about address space differences or converting ZIL tokens.

“EVM accesses the same ZIL as Scilla in the same address space. For example, if I send some ZIL from my account to your account, and you use ZILSwap and I use Metamask, it’s in the same address space. If my smart contract sends ZIL to you, we can exchange value directly without any bridges, without any unnecessary delays. In most layer-2 implementations, you would still have to wrap your tokens and have another token to complete this transfer.

Once this first full EVM compatibility release is live, people can use the same MetaMask setup they already use with other chains. All they will need to do is to move their balances from their Zilliqa wallet to Metamask. Then they can exchange native ZILs among themselves,” Valeriy says.

Additionally, they can write code in Solidity. Deploy that to the mainnet and create dApps using the same tools as you would in any other EVM environment – Truffle, Hardhat

Zilliqa’s EVM compatibility also provides extensive support for API libraries such as Ethers.js and Web3.js. Both of these are working well in the current testnet implementation.

ABOUT Zilliqa

Zilliqa is your portal to the blockchain world, enabling you to create user-friendly dApps more easily. ZIL is a native token for the Zilliqa blockchain. It is built to enable and scale decentralized apps, from financial services to NFT marketplaces.

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The agreement will see Zilliqa host sessions during each cohort to share industry knowledge. And to introduce their capabilities and service offerings to Brinc’s accelerator participants. Brinc’s portfolio companies in Web3, and other Brinc startups seeking to leverage decentralized applications (dApps) and blockchain-based features. Will also have direct access to Zilliqa for blockchain strategy and development support, in addition to funding or investment.

Guillermo Ginesta, Managing Director at Brinc, said

“Brinc’s partnership with Zilliqa will open new doors and potential sources of revenue to participants in our programs for years to come. We are excited to work with Zilliqa as a leading player in the decentralized world as we believe they can take our startups to the next level.”

Matt Dyer, CEO of Zilliqa, said

“We are delighted to partner with Brinc to support the incoming ZK Advancer cohorts over the coming years. Brinc has built a reputation for thinking big and innovating, all while maintaining an ethos that emphasizes equitability and sustainability – an approach that aligns with our own ambition and value system at Zilliqa. Through this collaboration with Brinc, I am confident that together, we can help develop and support the next wave of vanguard companies set to shape our future.”

About Brinc

Brinc is a leader in global venture acceleration and has operated over 13 multidisciplinary accelerator programs across seven countries. They accelerates startups focused on blockchain technology, artificial intelligence, connected hardware, robotics, clean energy. And food technology, and Internet of Things (IoT), all within a sustainability mandate.

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About Zilliqa

Zilliqa provides highly-performant, scalable, and secure blockchain solutions for enterprises and decentralised applications. Founded in 2017, Zilliqa was developed by a team of global business and industry experts, experienced scientists, leading engineers.

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SOURCE: ZILLIQA BLOG

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Stakin is now part of the Zilliqa Staked Seed Node (SSN) Operator set. As a SSN operator, Stakin will support the network with reliable infrastructure and help further develop the blockchain ecosystem. Zilliqa is a scalable smart contract platform to address the blockchain industry’s congestion problem. Zilliqa employs a novel sharded architecture to achieve parallel transaction processing while maintaining a large number of public nodes. As a result, Zilliqa is a blockchain capable of high throughput and complex computations while remaining decentralized and secure.

Zilliqa launched in 2017 when its founders created a high-throughput public blockchain platform designed to scale thousands ​of transactions per second. As blockchain technology evolves, its efforts are centered around streamlining the efficiency, trust, and transparency of Web 3.0.

Zilliqa’s native digital asset is referred to as $ZIL. This native cryptocurrency is used for transaction purposes, transfers, contract execution, staking and governance. By staking $ZIL, users can take part in decentralized governance and earn staking rewards for their participation in securing the network. Within the ecosystem, validators are referred to as Staked Seed Node Operators. Delegators can delegate their funds with an SSN to support their operations on the network (a minimum of 10 $ZIL is required for delegators to participate).

Matt Dyer, Chief of Staff, Zilliqa: “We are thrilled to partner with Stakin to further decentralize our network and offer more users to participate in the securitisation of our blockchain.  Stakin has a demonstrated expertise with more than 3 year track record operating across a broad range of blockchains, and we are excited to have ZIL staking made available on their dashboard”.

Edouard Lavidalle, Co-Founder and CEO, Stakin: “We are very excited to launch our staking service for Zilliqa and join the active staked seed nodes. Zilliqa is a leading layer 1 blockchain with the first public implementation of both sharding and schnorr signature. We look forward to providing staking for both institutionals and individuals on Zilliqa with our reliable and secure infrastructure.”

Stakin, as a trusted and experienced validator for many other projects such as Solana, Ethereum, Cosmos, and NEAR looks forward to further expanding the Zilliqa ecosystem and promoting the solutions offered.

About Stakin

Stakin is an infrastructure operator for Proof-of-Stake (PoS) public blockchains, offering noncustodial delegation services. The company enables PoS cryptocurrency holders to earn interests on their holdings and participate in decentralized governance while remaining in possession of their cryptocurrencies.

Stakin serves institutional crypto players, foundations, custodians, and exchanges, as well as a large community of individual token holders. Driven by institutional customers and community demand, Stakin provides services for multiple blockchains. Including the other leading ecosystems such as Ethereum, Cosmos, Solana, Polygon, Polkadot, and more.

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About Zilliqa

Zilliqa provides highly-performant, scalable, and secure blockchain solutions for enterprises and decentralised applications. Founded in 2017, Zilliqa was developed by a team of global business and industry experts, experienced scientists, leading engineers.

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SOURCE: STAKIN BLOG

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Zilliqa is the first non-EVM blockchain supported by Mail3 and users can use Mail3 with ZilPay wallet now!

In the future, more dApps in the Zilliqa ecosystem will integrate with Mail3. Moreover, Mail3 will create a secure and usable privacy scheme within the Zilliqa ecosystem, allowing users to communicate from address to address and to effectively connect and communicate freely with each other.

More upcoming in-depth cooperation will be updated in their official announcement.

About Zilliqa

Zilliqa provides highly-performant, scalable, and secure blockchain solutions for enterprises and decentralised applications. Founded in 2017, Zilliqa was developed by a team of global business and industry experts, experienced scientists, leading engineers.

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About Mail3

Mail3 is a brand new Web3 communication protocol that enables wallet-to-wallet communication and wallet-to-contract communication for projects and community members with boundless possibility and forward compatibility.

It uses blockchain-based account and decentralized service guarantees security, privacy, and self-sovereign. supports all blockchain support.

Mail3 provides wallet as the identity, once the user connects the wallet, the email address can be automatically generated with wallet address and domain names, such as zil012345@mail3.me and alice.zil@mail.me.

Mail3 aims to be the infrastructure for web3 communication and the platform for valuable information such as relationships, reputation, and trust.

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SOURCE: Mail3 Bloghttps://mail3.me/

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The partnership will see Alien Worlds pursue integration with the Zilliqa blockchain via their Unity SDK, along with Zilliqa providing a platform to showcase innovative in-game DAOs and Player vs Player (PvP) features to a mainstream gaming audience. This collaboration also expands Zilliqa’s portfolio of competitive blockchain games, as they build out a gaming hub that will enable players to trade in game items and earn platform level rewards.

Alien Worlds will have the opportunity to tap into Zilliqa’s eSports partners like Ninjas In Pyjamas, RRQ, and MAD Lions to reach more traditional gaming audiences. At the same time, Zilliqa will be able to access and engage with Alien World’s wider base of blockchain gamers when launching its own high performance first person shooter game and gaming hub later this year.

To celebrate this partnership, Zilliqa’s esports partners will host an Alien Worlds challenge, which will pit their players against their fans and existing Alien Worlds players. More details on this challenge will be released soon. Alien Worlds players will also have the opportunity to get early access and in-game rewards for Zilliqa’s upcoming game launch.

About Zilliqa

Zilliqa provides highly-performant, scalable, and secure blockchain solutions for enterprises and decentralised applications. Founded in 2017, Zilliqa was developed by a team of global business and industry experts, experienced scientists, leading engineers.

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About Alien Worlds

Alien Worlds is a breakthrough NFT metaverse and one of the world’s most popular play-to-earn blockchain games. Users can play with NFTs, stake Trilium tokens, travel on Missions to the planets, and run for planetary council. The game’s 6 Planet DAOs compete with each other for Trilium. It’s allowing users to collaborate, compete and strategize with one another.

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SOURCE:

https://alienworlds.medium.com/zilliqa-partners-with-alien-worlds-to-expand-their-portfolio-of-competitive-blockchain-games-ahead-4df8057ca54f

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The collaboration marks another major milestone along the WEYU journey and one that kicks off a series of exciting projects between the two Web3 brands.

Sandra Helou, Zilliqa’s Head of Metaverse & NFTs, said “Multichain integration is one way for L1 blockchains like Zilliqa to achieve greater interoperability. More importantly, it enables the value and utility that NFTs offer to extend beyond its native platform. Think about the possibilities that could unleash for creators, who now have a far wider audience to showcase their unique works to.” She added “By partnering with WEYU, Zilliqa is helping to bring more users into our ecosystem and the blockchain space in general. Ultimately we’re supporting mass adoption by making NFTs more accessible to individuals and brands through a no-code solution.”

Zilliqa’s Ecosystem

Zilliqa’s ecosystem gains an NFT powerhouse with WEYU onboard. By creating an NFT generating tool, YU-launch, which they released last week, WEYU will generate a substantial increase in the number of creators entering the platform and the blockchain space as a whole. Together, and through the merging of blockchain technology, any creator or builder will be empowered. To construct any digital asset, free of cost and within minutes! The platform can be accessed at yulaunch.weyu.io/

Speaking on the partnership, WEYU Co-Founder Chris Dawe said, “WEYU believes that Web3 can deliver a new chapter in accessing opportunities never before available on the internet. By building user-friendly applications on top of the greatest technology of our times, blockchain, people across the globe. It will be able to transact digital items of value and create new economies across the World Wide Web. By partnering with Zilliqa, a mature and attractive alternative to Ethereum and other layer 1’s. WEYU taps into a new and exciting frontier of possibilities. With our first collaboration we bring – YU-Launch – the no-code NFT generation platform but this is just the beginning! The next chapter of this collaboration is sure to attract the masses to the Zilliqa ecosystem.

While Zilliqa is built to create a scalable and secure platform for decentralised applications. In fact, WEYU is designed to drive mass adoption and ease of access into the NFT industry. in addition, the partnership of these web3 entities will enable anyone to create, access and easily manage digital assets.

On 26th of July at 15:30 CET, they hosted an AMA with Zilliqa across both Youtube Live and Twitter Spaces.

About WEYU

WEYU is a Multi-Chain Platform that facilitates entry into the NFT industry. They have developed as a user-friendly platform. That helps cutting-edge NFT projects to launch their collections or initiatives within the WEYU ecosystem.

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ABOUT ZILLIQA

Zilliqa was launched in 2017 when their founders created a high-throughput public blockchain platform designed to scale thousands ​of transactions per second. As blockchain technology evolves, their efforts are centred around streamlining the efficiency, trust, and transparency of Web 3.0.

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SOURCE: WEYU BLOG

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