Raise Finance DEX is now live!
It’s 3:18 a.m., and through the sleepless nights and tireless efforts of our team, we are extremely elated to announce that Raise Finance DEX is now live on the Ethereum Mainnet, the Gnosis chain, and on a Rinkeby testnet. This is a major milestone in our progress, and we couldn’t be happier with all the progress we have made.
And yes, Raise Finance DEX has been integrated into the MEV-protected COW Protocol!
We had initially planned to launch the Cross-Chain DEX and the Cross-Chain Bridge today, however, we will only be launching the Cross-Chain DEX today, and we think it’s important for you to know why.
While we were in the process of developing the Cross-Chain Bridge, we came across a much better architectural solution than what we had identified earlier. This is the Nomad Protocol, which has been designed in such a way that it allows users to easily send tokens and data between blockchains. By leveraging an optimistic mechanism, Nomad slashes gas costs of cross-chain communication without sacrificing decentralization.
Therefore, we will need some more time to work on building the architecture for this so that we can make the process of transferring stablecoins between networks more convenient for you.
Next up, we also soon plan to launch a fundraising/staking platform on zkSync and other Layer 1 EVM-compatible networks, which we will keep you updated about.
Raise Finance reminds: Trading and/or generally investing in any cryptocurrency involve significant risks and can result in the complete loss of your capital. You should not invest more than you can afford to lose and you should ensure that you fully understand the risks involved.