Elk Finance ElkNet Expands to 12 Chains (more on the way) + VSO annoucements

I’ve long been a fan of Elk Finance‘s bridge. For 3 reasons:

• Fee-less.
• 7s~ average bridge time.
• And variety.

The latest upgrade added 6 chains. Elastos, Hoo, OKEX, Hoo, Harmony, Moonriver. Each is a solid chain in its own right. And now simpler than ever to access. With a small alpha leak. Are Iotex and Arbitrum next?

Verso project announcements

Verso is a huge DeFi project that will appeal to a lot of TradFi as well as the average DeFi user.

Running down the summary points:

• Verso will connect the dApp to 3rd party wallets
• They’re in touch with large insurance companies
• Building a POC app for demos, available this quarter
• Entire design for front and back end is complete
• Live transactions will come in Q4
• They will support insurance through their platform, validators earn from this process
• POC app coming this quarter
• Smart contracts, partnerships, exchange listings coming this quarter too
• Partnering with Penguin Finance; VSO iceberg on the way
• CEX arrangements in the works with top tier exchanges; inc. Gate.io