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Normal Protocol joins Linea to increase its DeFi ecosystem, empowering customers by truthful and clear DeFi protocols.
NEW YORK, Oct. 6, 2023 /PRNewswire/ — Standard Protocol, the Ethereum-based decentralized finance (DeFi) software, is worked up to announce its launch on the Linea community. This marks a big milestone on its strategic Roadmap because the protocol ambitiously charts its course amid the multitude of deliberate developments for 2023 and 2024.
Normal Protocol’s mission is to empower people with self-sovereign funds, fostering equity, transparency, and inclusivity inside the crypto area. The platform provides a spread of decentralized monetary companies and functions, together with decentralized exchanges (DEX), seamless on and off-ramps, prompt swaps, and a thriving Web3 platform for monitoring and social interplay.
“Normal Protocol’s Linea delicate launch heralds a brand new period in DeFi, the place customers change into the usual. Collectively, we’ll forge the foundations for DeFi, centered on rules of equity, transparency, and particular person empowerment. This initiative goals to cut back reliance on intermediaries, placing management firmly within the arms of our neighborhood.” – Hyungsuk Kang.
What Makes Normal Protocol Completely different?
Standard Protocol, is greater than only a DeFi platform; it is a monetary ecosystem rooted within the rules of equity, transparency, and inclusivity. Listed here are some distinctive options that make Normal Protocol distinctive:
- No Itemizing Charges: All tokens are natively supported.
- No Liquidity Swimming pools: Purchase and promote tokens instantly, avoiding the usage of liquidity swimming pools as intermediaries.
- No Impermanent Loss: Customers will not be topic to impermanent loss, as they don’t take part in liquidity provisioning.
- Restrict Orders: Whereas AAMs don’t help restrict orders, Normal Protocol does.
- No Time-Primarily based Emissions: Commerce tokens with the boldness of understanding that their worth isn’t eroded by inflation.
- Normal Rewards: Normal Protocol membership grants you entry to buying and selling rewards.
- Onramp: Via our companion, we facilitate the worldwide buying and selling of 200+ digital belongings throughout 30+ networks.
The Way forward for Normal Protocol
Normal Protocol has achieved important milestones in 2023, together with the profitable launch of its Ambassador Program, a triumphant displaying at NAVHack23, and in depth beta testing. The platform is now poised for speedy progress and growth.
Within the coming months, Normal Protocol plans to launch its full suite of DeFi services and products on the Linea community. The platform may even proceed to increase its neighborhood and partnerships, and it’ll work to make DeFi extra accessible and inclusive for everybody.
For extra particulars, discover our Roadmap hyperlink.
About Linea:
Linea is an Ethereum-equivalent zkEVM community that is developer-ready and harnesses the ability of zero-knowledge expertise and rollups. It distinguishes itself with superior options, together with quantum-resistant lattice-based cryptography and its Canonical Messaging Service (CMS).
About Normal Protocol:
Normal Protocol represents the way forward for decentralized finance (DeFi). Our platform empowers people with self-sovereign funds and provides a collection of decentralized functions (apps) that leverage blockchain expertise to supply a big selection of economic companies. We imagine in equity, transparency, and inclusivity, and our mission is to create a decentralized and inclusive monetary ecosystem that advantages all members.
To be taught extra go to: https://www.standardweb3.com/
Normal Protocol is a decentralized finance (DeFi) platform that empowers people with self-sovereign funds. The platform provides a spread of decentralized monetary companies and functions, together with decentralized exchanges (DEX), seamless on and off-ramps, prompt swaps, and a thriving Web3 platform for monitoring and social interplay. Normal Protocol is dedicated to equity, transparency, and inclusivity, and its mission is to create a decentralized and inclusive monetary ecosystem that advantages all members.
SOURCE Normal Protocol
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