Echelon announces the launch of the AppChain Echelon Chain based on Initia

2024-11-29 01:04:34

Abstract generation in progress

CoinVoice has learned that lending protocol Echelon will launch Echelon Chain, a debt-driven Move AppChain based on Initia and built on the Interwoven Stack, using Celestia as the underlying technology.

The application chain will support LayerZero and IBC cross-chain interaction, natively support USDC and Oracle Machine systems, and provide complete infrastructure such as Wallet, browser, etc. In terms of functionality, it will inherit existing core functions such as multi-collateral lending, E-Mode high leverage lending, isolated lending, etc.

Echelon plans to release the public Testnet within the year, and will simultaneously launch the Mainnet when Initia Mainnet goes live. The application chain will integrate Depth into Initia’s VIP program, driving ecosystem development through network effects within the interconnection stack. [Original text link]

TIA1,84%

ZRO4,77%

USDC-0,01%

MODE0,86%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.