SYS Labs, the developer behind Rollux, has announced the launch of Rollux Phase 2, a suite of decentralized finance (DeFi) tools backed by Bitcoin and Syscoin. This new development is expected to significantly enhance the performance and inclusivity of the Web3 ecosystem.

Rollux Phase 2: Revolutionizing DeFi

Rollux Phase 2 represents a major advancement in the world of decentralized finance, showcasing innovation and inclusivity. SYS Labs’ dedication to improving the Web3 ecosystem, coupled with the security of Bitcoin and the data availability solution of Syscoin, continues to drive the evolution of blockchain technology and DeFi.

Rollux, an EVM Layer-2 solution, leverages Bitcoin’s mining network to optimize Ethereum network applications. It powers SuperDapp, an innovative platform that combines AI, messaging, video calls, a non-custodial crypto wallet, and a developer marketplace.

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

Rollux Phase 2 introduces a comprehensive range of DeFi tools and services that address the blockchain trilemma – speed, scalability, and affordability. These features include a ZK-lite client, cross-chain bridges, decentralized exchanges (DEXs), liquidity protocols, yield aggregators, and a launchpad, setting the stage for a robust Web3 ecosystem.

Rollux’s foundation is built on Syscoin’s dual Layer-1 architecture, incorporating a native UTXO chain and an NEVM chain. The newly introduced UTXO Bridge streamlines migration to Rollux’s EVM Layer 2, bridging the gap between UTXO and Layer 2 as demanded by the community.

Rollux has also expanded its suite of Web3 applications and services to include Pegasys DeFi exchange, Luxy NFT Platform, Pali Wallet (available in both web and mobile versions), DAOSYS, and Camada, a non-custodial crypto trading platform. The ecosystem is further enhanced by 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 enabling direct and instant transfers from centralized exchanges to blockchains.

Summary

SYS Labs has unveiled Rollux Phase 2, which introduces advanced DeFi tools backed by Bitcoin and Syscoin. Rollux Phase 2 offers a comprehensive suite of DeFi solutions, including a privacy-focused SuperDapp and a range of features to address the challenges of speed, scalability, and affordability in the blockchain space. With Syscoin’s architecture and the UTXO Bridge, Rollux aims to enhance the performance and inclusivity of the Web3 ecosystem.

FAQs

What is Rollux Phase 2?

Rollux Phase 2 is the latest release from SYS Labs, introducing advanced decentralized finance tools supported by Bitcoin and Syscoin. It aims to enhance the performance and inclusivity of the Web3 ecosystem.

What is SuperDapp?

SuperDapp is a platform powered by Rollux that combines AI, messaging, video calls, a non-custodial crypto wallet, and a developer marketplace. It provides users with a secure and private environment for online interactions.

What are the features of Rollux Phase 2?

Rollux Phase 2 offers a range of features, including a ZK-lite client, cross-chain bridges, decentralized exchanges (DEXs), liquidity protocols, yield aggregators, and a launchpad. These features address the challenges of speed, scalability, and affordability in the decentralized finance space.

What is the UTXO Bridge?

The UTXO Bridge is a newly introduced feature that streamlines migration to Rollux’s EVM Layer 2. It bridges the gap between UTXO and Layer 2, facilitating smooth transitions and interoperability.

What other applications and services are included in Rollux Phase 2?

Rollux Phase 2 includes a suite of Web3 applications and services such as Pegasys DeFi exchange, Luxy NFT Platform, Pali Wallet, DAOSYS, Camada, Chainge cross-chain aggregated DEX, Agave DeFi lending protocol, Gamma liquidity protocol, Nexter prediction market, GoRollux launchpad, Beefy yield aggregator, and LayerSwap.

Sources: CoinJournal