Ava Protocol Launches Mainnet on Ethereum for Automated Smart Contract Transactions🚀
Ava Protocol, a prominent Web3 infrastructure project, has introduced its mainnet on Ethereum (ETH), bringing a new system for automating smart contract transactions. This development allows developers to leverage Ava Protocol’s transaction automation, privacy features, and composability within decentralized applications (dApps) on the Ethereum network.
Revolutionizing On-Chain Operations with Autonomous Transactions
Ava Protocol’s activation model revolutionizes on-chain operations through autonomous “super-transactions” triggered by specific events such as time, price changes, or smart contract updates. This simplifies automation processes, reduces technical barriers for developers, and enhances user experience.
- Developers can use automated transactions without custom coding
- Streamlines the development process
Founder Chris Li expressed excitement for the launch, noting the support from partners and the community. He highlighted the new use cases for automated transactions powering smart contracts and the versatility of EigenLayer’s AVS technology.
EigenLayer AVS
The mainnet launch as an Actively Validated Service (AVS) on EigenLayer signifies a new era for Ava Protocol, offering robust on-chain automation with reliable execution for time-sensitive transactions and multi-step transactions. The features include scheduled payments, stop-loss and limit orders, streaming rewards, and dynamic NFT minting.
- AVSs are not constrained by EVM limitations
- Enhances automation possibilities
Operator Alex from EigenYields highlighted the immense potential of Ava Protocol’s super-transactions and their commitment to advancing the Ethereum ecosystem. A secure foundation for innovative technology is essential.
Head of Marketing Sam Shev expressed his excitement for bringing Ava Protocol’s technology to life and emphasized the importance of community in building using super-transactions.
Wrap-up
Following a successful testnet phase with 10,000 wallet participants and over 1,000 automated transactions daily, Ava Protocol launches with the support of 20 top EigenLayer operators. These operators, including EigenYields, InfraSingularity, Kukis Global, Coinage, and Staking4All, contribute to the protocol’s success.
- One of the first 15 projects to launch an AVS
- Utilizing pooled security from Ethereum validators
- Plans to release a detailed AP token incentive plan for initial operators
Hot Take🔥
You are witnessing a significant moment in the cryptocurrency world with Ava Protocol’s mainnet launch on Ethereum. The introduction of automated smart contract transactions opens up new possibilities for developers and enhances user experience. Stay tuned for the innovative applications that will emerge from this groundbreaking technology!
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