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Six months ago, we launched an industry-first Litecoin bridge to Ethereum.

Litecoin is one of the largest cryptocurrencies and their user base now has access to a range of DeFi opportunities on the Ethereum network. Accessing these opportunities is done via our reference wallet Eidoo — through the Eidoo app users can peg-in and peg-out pTokens.

pTokens allow for cross-chain composability through a simple and secure foundation that makes any token movement possible on any blockchain. The pTokens system bridges a variety of blockchains so there is an easy movement of crypto liquidity.

Maximize DeFi Incentives with pNetwork Liquidity Pools
Maximize DeFi Incentives with pNetwork Liquidity Pools

In line with our mission to increase the liquidity of pTokens and enable the pNetwork ecosystem to grow, there are multiple liquidity mining initiatives active at any given moment.

pNetwork users can join yield farming options on several platforms:

  1. Steroids.finance
  2. Curve
  3. DeFiBox

In this post, we will be providing an overview of the liquidity mining initiatives currently available on these platforms.

Steroids.finance

Steroids.finance is a yield farming platform launched in summer 2020 shortly after the introduction of the pNetwork DAO.

The goal of introducing such a platform was very simple — by providing liquidity to any of the available pools, pNetwork…

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We are happy to announce that pNetwork, a cross-chain composability system that allows assets and Non-Fungible-Tokens (NFTs) to move freely between blockchains, has successfully integrated with Polygon (previously Matic network) mainnet as the go-to transparent and progressively decentralized cross-chain solution.

The pNetwork x Polygon collaboration has released today the first pNetwork-powered bridge to Polygon, connecting it with EOS. The cross-chain connection enables the EOS asset and EOS-based tokens to be moved onto Polygon and is now available for all Polygon users and its growing DeFi ecosystem.

As an evolution of the Matic network, Polygon is the first well-structured, easy-to-use platform…

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Crypto holders know that owning cryptocurrencies is very different from owning fiat. While both open countless doors for holders, their functionalities are very different. People who have fiat currencies in their possession are able to use them to satisfy a wide range of human needs — from basic to those on the top of Maslow’s pyramid — but crypto is not quite there yet.

The problem with crypto is, while it can be used to provide food and shelter, typically it needs first to be converted into fiat — via crypto wallets and DeFi debit cards like Eidoo. …

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The crypto world has for a long time been a domain of walled gardens, both technical and ideological. The so-called interoperability problem, where various blockchain protocols cannot successfully communicate with each other due to differences in core architecture, has long plagued the blockchain space, hindering growth and widespread adoption. Without a means of interoperability, a siloing effect occurs wherein blockchains are unable to interact (exchanging information across chains) or transact (exchanging value across chains).

This is also likely one of the core drivers of ideological splits within the crypto community. Many “Bitcoin maximalists” have committed a large portion of their…

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Despite what many view as a cooling off period following the boom, the DeFi world is still exploding. New protocols, dApps, liquidity pools and other DeFi focused innovations are hitting the market every day. Perhaps a little out of the limelight, the more “traditional” blockchain world is also flourishing and experiencing a similar growth spurt with a variety of new coins, blockchains, use cases and product launches bringing ever greater diversity to the cryptosphere.

Now is truly an exciting time to be a blockchain user.

However, increased diversity of protocols, chains, and coins brings with it a number of difficulties…

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Cross-chain pTokens by pNetwork enable you to access DeFi on non-native networks

This year, decentralized finance (DeFi) has led the way for crypto adoption. With new innovations for financial architecture steeped in transparency, autonomy, and community governance, it’s no wonder that so many are experimenting with decentralized protocols for savings, loans, trading, liquidity mining, and more.

The benefits of DeFi stretch for miles. For the masses of unbanked people across the world, it offers a place for the creation of a digital bank account. For many who cannot meet the criteria to become legally recognized as “sophisticated investors” within their country, DeFi provides access to financial markets that they would otherwise be…

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When whispers of decentralized finance (DeFi) first started emerging in 2019, there was palpable excitement among crypto natives. With lessons learned from 2017’s breathtaking market surge and subsequent challenges, several projects embarked on the rapid development of applications to invite growth — as reflected by the value of assets locked in smart contracts.

That single metric continues to be the yardstick used to measure DeFi growth, with some $247 million total value locked (TLV) in 2019 growing over 1,400% to this year’s all-time high TLV of roughly $14.4 billion (DeFi Pulse).

It’s the fastest-growing crypto sector, no doubt. Yet, questions…

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The pNetwork is the increasingly decentralised layer powering and governing the cross-chain pTokens solution. This is currently fueling the widest cross-chain system available to date, interconnecting 5 different blockchains and wrapping 13M+ USD in liquidity.

Announced last week, pNetwork Dawn is a network of node operators tasked with powering interoperability for dApps, and enabling cross-chain trading, lending and collateralization.

Today, we are introducing pNetwork Nodes. The backbone of the pNetwork, nodes carry out the essential role of moving pTokens towards a decentralized infrastructure.

Read more about pNetwork Dawn here!

How node operators fit within the pNetwork?

The pNetwork is an open, public and independent network with an…

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The pNetwork is the increasingly decentralised layer powering and governing the cross-chain pTokens solution.

This is currently fueling the widest cross-chain system available to date:

  • interconnecting 5 different blockchains (Ethereum, Bitcoin, EOS, ..)
  • wrapping 11M+ USD in liquidity
  • expanding 20+ tokens beyond their native blockchain
  • enabling 3,000+ holders to stay local on their blockchain of choice while thinking global

pNetwork Team

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