SYS Labs Unveils Rollux Phase 2 with Advanced Bitcoin-Backed DeFi Tools

  • SYS Labs has unveiled Rollux Phase 2, supercharging DeFi with Bitcoin support.
  • Rollux offers a comprehensive privacy-focused DeFi and SuperDapp tool suite.
  • Syscoin architecture and UTXO Bridge enhance Web3 scalability and interoperability.

SYS Labs, the driving force behind Rollux, has announced the launch of Rollux Phase 2, introducing a powerful suite of decentralized finance (DeFi) tools backed by Bitcoin and Syscoin.

This development represents a major leap in the DeFi universe, enhancing the performance and integration of the Web3 ecosystem.

The Rollux phase 2

Rollux Phase 2 marks a quantum leap in the DeFi universe, characterized by innovation and inclusiveness. SYS Labs’ commitment to improving the Web3 ecosystem, bolstered by Bitcoin’s security and Syscoin’s data availability solution, continues to drive the evolution of blockchain technology and decentralized finance.

Rollux, a Layer-2 EVM solution, leverages the power of the Bitcoin mining network to optimize Ethereum network applications. It powers SuperDapp, an innovative platform that seamlessly combines AI, messaging, video calling, a reservationless crypto wallet, and a developer marketplace.

SuperDapp offers users a secure and private environment for online interactions, enriching the Rollux ecosystem.

Rollux unveils a comprehensive set of DeFi tools and services in the second phase, addressing the triad of blockchain – speed, scalability and affordability.

With features such as a ZK-lite client, multi-chain bridges, decentralized exchanges (DEX), liquidity protocols, performance accumulators and a startpad, Rollux is poised to lay the foundation for a robust Web3 ecosystem.

Rollux’s strong foundation includes Syscoin’s dual layer-1 architecture, featuring both a native UTXO chain and a NEVM chain. The newly introduced UTXO Bridge simplifies the transition to Rollux’s Layer 2 EVM, bridging the gap between UTXO and Layer 2 by popular demand.

Rollux has also expanded its suite of Web3 applications and services to include Pegasys DeFi Exchange, Luxy NFT Platform, Pali Wallet (available in web and mobile versions), DAOSYS, and Camada, a crypto trading platform that has no safekeeping, compliant with regulations. The ecosystem is further enriched with Chainge cross-chain aggregated DEX, Agave DeFi lending protocol, Gamma liquidity protocol, Nexter prediction market, GoRollux launchpad, Beefy yield aggregator and LayerSwap – the first bridge to enable direct and instant transfers from centralized exchanges to blockchains.

DailyBlockchain.News Admin

Our Mission is to bridge the knowledge gap and foster an informed blockchain community by presenting clear, concise, and reliable information every single day. Join us on this exciting journey into the future of finance, technology, and beyond. Whether you’re a blockchain novice or an enthusiast, is here for you.
Back to top button