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DeversiFi, the primary trade to combine StarkWare’s ZK-STARK expertise, is the following 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 might be related with the Cosmos and Polkadot ecosystems.
Background
Crypto derivatives trade dYdX, presently constructed on Starkware, lately introduced that it’s going to depart Ethereum and launch its personal blockchain throughout the Cosmos ecosystem.
As rhino.fi (beforehand DeversiFi) expresses its necessity to develop to ecosystems outdoors of Ethereum, it’s clear that L2 networks like StarkWare are battling in opposition to fierce competitors from different layer-1 (L1) chains which have elevated in recognition.
The current emergence of recent L1s like Solana and Avalanche, and Ethereum L2s like Starkware and Optimism, has created larger 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 hindering mainstream adoption.
“We’ve spent the final 2.5 years fixing the UX challenges of L2, and are well-equipped to tackle the following 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 imply 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’s loads of innovation taking place elsewhere that we are able to embrace.”
– Will Harborne, Co-Founder & CEO of rhino.fi (previously DeversiFi)
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