Cashmere Labs Deploys Initial Public Testing Network on Multiple Chains

On April 23rd, it was announced that the Cashmere Labs team of LayerZero based multi chain anti MEV DEX aggregators announced the release of an initial public testing network, which has been deployed on Ethereum Goerli, Polygon Mumbai, BSC Testnet, Arbitrum Goerli, Avalanche Fuji, Fantom Test Network, Optimism Goerli, Base Goerli, Line zkEVM Testnet, Polygon zkEVM Testnet, and Metis Goerli. At the same time, CashmereLabs has also partnered with Galxe, Layer3, and Zealy platforms to provide users with task processes.

LayerZero based multi chain anti MEV DEX aggregator Cashmare release public testing network

Introduction

On April 23rd, the Cashmere Labs team of LayerZero-based multi-chain anti-MEV DEX aggregators announced the release of an initial public testing network. This network has been deployed on Ethereum Goerli, Polygon Mumbai, BSC Testnet, Arbitrum Goerli, Avalanche Fuji, Fantom Test Network, Optimism Goerli, Base Goerli, Line zkEVM Testnet, Polygon zkEVM Testnet, and Metis Goerli. The team has also partnered with Galxe, Layer3, and Zealy platforms to provide users with task processes.

What is Cashmere Labs?

Cashmere Labs is a LayerZero-based multi-chain anti-MEV DEX aggregator. The LayerZero protocol provides a gasless infrastructure and runs fast and scalable decentralized applications. Cashmere Labs aims to provide a more secure and efficient method of trading on decentralized exchanges.

Multi-Chain Deployment

Deploying on multiple chains is a significant move by Cashmere Labs. Multi-chain deployment enables users to access the DEX aggregator on different blockchain networks. This avoids network congestion and provides uninterrupted service to their customers. By deploying on different chains, users can access more liquidity and trade with lower fees.

Goerli, Mumbai, and Testnets

The Cashmere Labs initial public testing network has been deployed on Ethereum Goerli, Polygon Mumbai, and other testnets. Mumbai is the Polygon test network, and Goerli is the Ethereum test network. Users can test and try out the platform without spending any actual cryptocurrency or fiat. This method provides a risk-free way of experimenting with Cashmere Labs’ features.

Anti-MEV

Cashmere Labs’ anti-MEV (Maximal Extractable Value) feature is a major selling point. MEV is the result of miners or bots reorganizing blocks and extracting the highest possible value. This can result in users losing money or trading at unfavorable prices. The anti-MEV feature aims to prevent malicious actors from taking advantage of the system.

Partnering with Other Platforms

Cashmere Labs has also partnered with Galxe, Layer3, and Zealy platforms. These partnerships aim to provide users with task processes. Task processes allow users to complete tasks such as bounty hunting, liquidity provision, and bug reporting. These tasks enable users to earn rewards and tokens while helping the development of the platform.

Conclusion

Cashmere Labs’ multi-chain deployment is a significant move in the DEX aggregator space. Deploying on different chains allows users to access the platform with lower fees and more liquidity. The anti-MEV feature and partnerships with other platforms provide a more secure and efficient method of trading. The initial public testing network provides users with a risk-free way of experimenting with the platform.

FAQ

1. What is a multi-chain deployment?
A multi-chain deployment is when a platform is launched on different blockchain networks simultaneously.
2. What is anti-MEV?
Anti-MEV is a feature that prevents malicious actors from extracting maximum value from a system.
3. What are task processes?
Task processes are tasks completed by users that enable them to earn rewards and tokens.