The landscape of decentralized finance (DeFi) is enriched with new opportunities thanks to Cronos EVM, which has announced the launch of two new Stargate pools for ETH and USDC.
This important step has been made possible by the integration of the omnichain LayerZero messaging protocol, which opens the doors to unprecedented interoperability between blockchains.
Summary
A leap in quality for DeFi on Cronos
With the introduction of Stargate pools on Cronos EVM, users can now access deep and dynamic liquidity, enhancing the trading experience and capital efficiency.
Thanks to LayerZero technology, the Cronos network can tap into resources from over 50 blockchains, offering more competitive prices and greater scalability for developers.
This evolution represents a key moment for the Cronos ecosystem, which confirms itself as one of the protagonists of the global DeFi scene.
The new features allow not only a smooth connection between networks, but also the creation of native DeFi products that operate in cross-chain mode.
At the core of this transformation is LayerZero, the protocol that enables smooth and secure communication between different blockchain.
Stargate is based on this infrastructure, the first unified liquidity network that allows transfers of native assets between chains with immediate and guaranteed finality.
Stargate is not just a bridge between networks, but a true engine of interoperability, which allows developers to build DeFi applications capable of operating on multiple blockchains simultaneously.
With the integration on Cronos EVM, the possibility opens up to connect directly to networks like Ethereum, Arbitrum, Optimism, and Base, creating a continuous flow of value between ecosystems.
Mirko Zhao, head of Cronos, commented enthusiastically:
“Thanks to LayerZero, the Cronos universe has just expanded. With the new Stargate pools for ETH and USDC, Cronos EVM users can enjoy limitless liquidity, while DeFi projects can develop fully cross-chain products. We are curious to see what developers will create by leveraging these powerful tools.”
Also Lamps, Foundation Lead of Stargate, emphasized the strategic importance of the integration:
“Cronos is a fundamental pillar of the DeFi industry. By connecting to Stargate’s omnichain liquidity network, Cronos enters a truly unified Web3, where value circulates freely and developers can unlock the next generation of cross-chain applications.”
Hydra: the bridge as a service
One of the key elements of the Stargate architecture is Hydra, the central component of the Stargate V2 protocol. Hydra functions as a Bridge-as-a-Service (BaaS), allowing even chains without native assets to access the unified liquidity of the entire Stargate network.
The operation is simple yet powerful: the native assets are locked in the main pools, while on other chains, assets supported by Hydra are issued at a 1:1 ratio.
This mechanism allows dapps to connect directly to the omnichain network, achieving immediate interoperability, capital efficiency, and stable support for stablecoin.
For new blockchains, Hydra represents a unique opportunity to kickstart their own liquidity and attract users from day one.
Cronos confirms itself as one of the main blockchain ecosystems in the world. Supported by Crypto.com and by over 500 developers and partners, Cronos reaches a potential audience of over 80 million users.
Its mission is clear: to make access to Web3 easy and secure, with a focus on decentralized finance and gaming.
The Cronos universe includes three chains:
- – Cronos EVM, compatible with Ethereum and built on Cosmos SDK
- – Cronos POS, a Cosmos chain specialized in payments and NFT
- – Cronos zkEVM, a high-performance Layer 2
Since its launch in 2021, Cronos has securely handled over 100 million transactions, safeguarding assets worth more than 6 billion dollars.
Furthermore, through Cronos Labs, a 100 million dollar accelerator, it supports the growth of innovative startups in the Web3 sector.
“`htmlStargate: the leading bridge of Web3
“`Launched in 2022, Stargate is today the largest fully composable native asset bridge, as well as the first unified liquidity network.
Built on LayerZero, Stargate enables instant and guaranteed transfers between over 50 blockchains, offering frictionless interoperability for the entire DeFi ecosystem.
With Stargate, value can flow freely between chains, eliminating the barriers that have traditionally limited the scalability and efficiency of decentralized applications.
The integration between Cronos EVM, Stargate, and LayerZero represents a decisive step towards a truly interconnected Web3.
Users will benefit from a smooth experience, with the possibility to move assets between blockchains in a fast, secure, and convenient way.
At the same time, developers will have advanced tools available to build the next generation of DeFi applications, capable of operating on a global scale.
With the activation of the new pool ETH and USDC, Cronos strengthens its position as a central hub of decentralized finance, ready to embrace the challenges and opportunities of the omnichain future.
