DeversiFi, the primary trade to combine StarkWare’s ZK-STARK expertise, is the subsequent dApp to maneuver past its unique affiliation with Starkware and Ethereum and is reworking into rhino.fi, a gateway to DeFi, providing customers frictionless entry to the multi-chain world from a single app.
With an expanded focus, rhino.fi will embrace different blockchains together with BNB, Avalanche, and Arbitrum; Ethereum layer-2 (L2) Optimism; and will probably be related with the Cosmos and Polkadot ecosystems.
Crypto derivatives trade dYdX, at the moment constructed on Starkware, lately introduced that it’ll depart Ethereum and launch its personal blockchain inside the Cosmos ecosystem.
As rhino.fi (beforehand DeversiFi) expresses its necessity to increase to ecosystems exterior of Ethereum, it’s clear that L2 networks like StarkWare are battling towards fierce competitors from various layer-1 (L1) chains which have elevated in reputation.
The latest emergence of latest L1s like Solana and Avalanche, and Ethereum L2s like Starkware and Optimism, has created higher alternative for customers. Nonetheless, this has led to fragmented and sophisticated consumer experiences inflicting a extreme lack of high-quality options connecting these remoted ecosystems and stopping mainstream adoption.
“We have spent the final 2.5 years fixing the UX challenges of L2, and are well-equipped to tackle the subsequent problem of tackling the problem of fragmentation throughout a number of ecosystems. rhino.fi will provide an accessible, safe, and easy gateway for current and new customers to entry the very best of what DeFi has to supply. rhino.fi is increasing to be cross-chain, however this doesn’t suggest we’re abandoning Ethereum L2 or StarkWare. As early pioneers, we all know the worth of this ecosystem. Nonetheless, L2 adoption has nice challenges forward, and there may be loads of innovation taking place elsewhere that we are able to embrace.”
– Will Harborne, Co-Founder & CEO of rhino.fi (previously DeversiFi)