We’re on a mission to onboard the subsequent billion individuals to DeFi. We consider CANVAS Join will revolutionize the way in which individuals transact on Layer 1 blockchains and unlock DeFi for all.
October 27, 2022
CANVAS, a number one DeFi infrastructure firm, is happy to announce the testnet launch of CANVAS Join, the Layer 2 scaling resolution constructed for the digital financial system.
CANVAS Join was inbuilt collaboration with StarkWare. The service will permit customers to finish DeFi transactions with out paying the prohibitively excessive and unpredictable gasoline prices while nonetheless benefiting from Ethereum safety. Transaction sorts embrace:
1. Investing – Any greenback quantity into any Ethereum L1 dApp.
2. Buying and selling – A brand new means to purchase/promote/commerce on Layer 2 with none gasoline charges.
3. Transfers (funds) – Immediately switch Ethereum from one pockets to a different with none gasoline charges.
“We’re on a mission to onboard the subsequent billion individuals to DeFi. We consider CANVAS Join will revolutionize the way in which individuals transact on Layer 1 blockchains and unlock DeFi for all,” stated CANVAS CEO and Co-Founder, David Lavecky.
CANVAS Join is exclusive amongst L2’s in that there’s no surge pricing, no payment token, no liquidity islands, no minimal commerce values, and affords easy integration with APIs and SDKs.
“Blockchains must be quicker, extra scalable, and cheaper to unlock mass adoption,” stated StarkWare CEO, Uri Kolodny, “Canvas Join L2 solves the challenges to assist the subsequent billion individuals to DeFi. The way forward for world economies are natively digital and Canvas Join is constructing the infrastructure to energy this development.”
CANVAS Join will supply entry to main Ethereum dApps akin to AAVE, Compound, Balancer, Uniswap, and Yearn in addition to permissioned dApps like AAVE Arc & Stakewise the place solely whitelisted, KYC’d individuals can entry, unlocking DeFi for regulated establishments.
Fireblocks would be the first institutional grade pockets infrastructure to natively assist CANVAS Join L2, enabling all Fireblocks purchasers to profit from gasless entry to all Layer 1 Ethereum dApps in addition to instantaneous trades and transfers on the CANVAS Join Layer 2 community.
Following the profitable launch on testnet, CANVAS Join will likely be deployed to mainnet in much less then 90 days after completion of code audits.
For extra details about CANVAS Join please go to our web site: http://www.CANVAS.co
CANVAS creates Layer 2 Infrastructure for DeFi with a collection of providers constructed on ZK rollups to entry DeFi locations cheaply, simply, and securely.
CANVAS’ mission is to onboard the subsequent billion individuals to DeFi, each permissioned and permissionless. Present purchasers embrace Monetary establishments, Hedge funds, Fund Managers and Excessive Internet Price people from around the globe.
CANVAS was based by profitable tech entrepreneurs, David and Daniel Lavecky. Their earlier fintech – Pure Commerce was bought to Euronet Worldwide (Nasdaq: EEFT) in 2013 and was the biggest Fintech sale in Australia on the time.
StarkWare is main the way in which in scaling Ethereum. The corporate pioneered the STARK proof and made this groundbreaking cryptographic system accessible by Cairo programming language, StarkEx scaling engine, and StarkNet Validity-Rollup. StarkWare’s options depend on Ethereum’s safety, and have settled over $650B, and over 200M transactions, and greater than 65M NFTs, serving a whole bunch of hundreds of customers.
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