DeversiFi, the primary alternate to combine StarkWare’s ZK-STARK know-how, is the subsequent dApp to maneuver past its unique affiliation with Starkware and Ethereum and is remodeling 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 embody different blockchains together with BNB, Avalanche, and Arbitrum; Ethereum layer-2 (L2) Optimism; and can be related with the Cosmos and Polkadot ecosystems.
Background
Crypto derivatives alternate dYdX, presently constructed on Starkware, just lately introduced that it’s going to 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 in opposition to fierce competitors from various layer-1 (L1) chains which have elevated in reputation.
The current emergence of latest L1s like Solana and Avalanche, and Ethereum L2s like Starkware and Optimism, has created better selection for customers. Nevertheless, this has led to fragmented and sophisticated person experiences inflicting a extreme lack of high-quality options connecting these remoted ecosystems and hindering mainstream adoption.
“We’ve spent the final 2.5 years fixing the UX challenges of L2, and are well-equipped to tackle the subsequent problem of tackling the difficulty of fragmentation throughout a number of ecosystems. rhino.fi will supply 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 imply we’re abandoning Ethereum L2 or StarkWare. As early pioneers, we all know the worth of this ecosystem. Nevertheless, L2 adoption has nice challenges forward, and there’s loads of innovation occurring elsewhere that we will embrace.”
– Will Harborne, Co-Founder & CEO of rhino.fi (previously DeversiFi)
