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