Cross-Chain Liquidity Provider Pike Finance Launches Testnet on Ethereum
Cross-chain liquidity provider Pike Finance has introduced its testnet on Ethereum and layer-2 solutions, allowing blockchain developers to experiment with the protocol’s cross-chain functions. The testnet is available on Ethereum, as well as Goerli’s versions on Optimism, Arbitrum, and Base. Pike Finance plans to support other networks such as Solana, Monad, and Fraxchain in the future.
Exploring Testnet Functions
Through the testnet, users of Pike Finance can explore various functions including minting faucet tokens, depositing assets as collateral, borrowing, repaying loans, and withdrawing funds. However, it should be noted that the current version of the testnet is still a “work-in-progress,” which means there may be some issues and errors.
Funding and Mainnet Launch
Pike recently secured a $50,000 funding in USDC from Circle and Wormhole to support the launch of its mainnet in early Q1 2024. As a cross-chain liquidity provider, Pike Finance utilizes a hub and spoke architecture to enable users to supply and borrow native assets on any supported chains.
Hot Take: Pike Finance Empowers Developers with Cross-Chain Testnet
Pike Finance’s launch of its testnet on Ethereum and layer-2 solutions provides an exciting opportunity for blockchain developers to experiment with cross-chain functions. With the ability to explore various features like token minting and asset borrowing, developers can gain valuable insights while helping shape the protocol’s development. Although the testnet is still a work-in-progress, it showcases Pike Finance’s commitment to innovation and cross-chain interoperability. Furthermore, the recent funding received from Circle and Wormhole demonstrates growing support for Pike Finance’s vision. Keep an eye on Pike Finance as it moves towards the launch of its mainnet, which is set to further revolutionize cross-chain liquidity provision.
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