Discover the Blockchain Romance: TON and LayerZero’s Whimsical Partnership! 💖

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What to know:

  • TON users shall find themselves in the delightful position of transferring tokens to other blockchains, thanks to the charming integration with LayerZero.
  • Ethena’s illustrious USDe stablecoin is poised to make its grand entrance upon the TON stage.
  • Tether, ever the socialite, will introduce its new USDT0 stablecoin to this blockchain soirée.

In a most agreeable turn of events, the Layer-1 blockchain known as TON has decided to join forces with the interoperability protocol LayerZero. This union shall permit users to traverse the vast landscapes of multiple ecosystems, thereby increasing usage and fees for both parties—how delightfully mercenary! 😏

Initially, TON shall be connected to a dozen blockchains, including the illustrious Ethereum, the sprightly Tron, and the ever-popular Solana. Users will be able to transfer stablecoins to TON via the grandest of crypto bridges, Stargate, which has recently handled a staggering $1.6 billion in volume—quite the impressive feat, I must say! 💰

Moreover, users shall benefit from LayerZero’s multichain liquidity, which allows funds locked in various blockchains to be pooled together. This clever arrangement reduces the chance of slippage—an unfortunate change in price between the initiation and conclusion of a transaction—or, heaven forbid, outright failure. 😱

Liquidity, dear reader, is the lifeblood of decentralized finance (DeFi). With a total value of $117 billion locked across all blockchains, one might think it a veritable treasure trove. Yet, with over 4,400 blockchains and layer-2 networks, liquidity per chain remains rather fragmented. Should a trading firm wish to lend or borrow vast sums on a specific chain, the likelihood of slippage or failure looms large. However, when liquidity is pooled, the chances of such calamities are significantly diminished. 🏦

Crypto firms Tether and Ethena shall also partake in this integration, with Ethena’s flagship $5 billion asset, USDe, set to make its debut on TON. Tether’s new USDT0 stablecoin, designed to address liquidity concerns, will now be transferrable between TON, Tron, Ethereum, Celo, and Arbitrum through its innovative product, the Legacy Mesh. Quite the mouthful, isn’t it? 😅

Developers, too, shall reap the rewards of this integration, as tokens can be deployed on TON from any of LayerZero’s chains using a single contract. How convenient! 🛠️

It is worth noting that TON was conceived in 2018 as a secretive project within the hallowed halls of the messaging app Telegram, which, alas, abandoned it two years later. However, in September 2023, Telegram graciously endorsed the now-independent TON, declaring its intention to integrate the blockchain into the app’s user interface. Just last month, it became the exclusive blockchain for Telegram’s mini apps ecosystem—what a turn of events! 🎉

“TON is undoubtedly one of the most exciting ecosystems today,” proclaimed Bryan Pellegrino, the esteemed CEO of LayerZero. “After its exclusive partnership with Telegram, it now has access to nearly a billion users.” One can only imagine the soirées that await! 🥳

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2025-02-11 17:06