Ethereum Layer-2 DeFi Money Market zkLend Lands $5M Raise - BitcoinEthereumNews.com
EthereumEthereum Layer-2 DeFi Money Market zkLend Lands $5M Raise03 / 30 / 2022बिटकॉइन एथेरियम समाचार Led by Delphi Digitals venture arm, zkLend has just raised $5 million in a seed round, with participation from Starkware and Three Arrows Capital. Alameda Research, MetaCartel DAO, Amber Group, Genesis Block Ventures, and others also joined in the raise. The crypto money market is similar to current iterations like Aave or यौगिक, except zkLend is built using an Ethereum-centric scaling technology called zk-रोलअप. These are what‘s known as a “layer 2” solution as they move transactions off of Ethereum’s mainet (or “layer 1”) onto sidechains to reduce network congestion. Every so often, evidence of transactions made on a rollup is then turned into a single transaction and sent to the mainet to be verified. The specific iteration of zk-Rollups that zkLend will use has been built by the developer group Starkware. With its latest funding in hand, zkLend will launch its permissionless lending product in Q3 2022. This retail-facing product, called Artemis, will let users earn interest on various cryptocurrencies. The first iteration will include stablecoins, Ethereum, तथा Bitcoin, a co-founder and co-project lead at zkLend Brian Fu told डिक्रिप्ट. After that, the team will roll out similar offerings “to cover