Updates from March 2021
Top updates from the month of March!
Wanchain Community,
March madness took the Wanchain ecosystem to another level! From major development milestones to new chain integrations and some exciting new partnership updates, let’s dive right in!
March 9th marked the launch of the world’s first truly decentralised Bitcoin-Ethereum direct bridge. This means that users can now directly cross-chain convert native BTC to wanBTC on Ethereum without needing to pass through a router chain. Read more here.
Applications for all ERC-20 token integrations were opened to the public on March 25th! To apply, simply fill out the application form. All approved submissions will be integrated into Wanchain’s industry-best decentralised cross-chain infrastructure.
On March 26th, the Wanchain team announced that the fifth Storeman Group -- set to begin work in April -- would bring with it two major changes. First, the total number of nodes selected will increase from 21 to 25. Second, the number of signatures required to verify a transaction will increase from 15 to 17. This fifth Storeman Group is also the first to maintain bridges between XRP Ledger and Wanchain, XRP Ledger and Ethereum, and Binance Smart Chain and Ethereum. Specific details about these new integrations can be found here and here.
Late in the month, it was revealed that State Grid Corporation of China had approved the results of a feasibility study and had selected Wanchain’s blockchain technology and smart contracts to upgrade its national data management system. Elsewhere, Wanchain and 0Chain announced that they entered into a strategic partnership, combining Wanchain’s industry-leading blockchain interoperability expertise with 0Chain’s high-performance decentralised storage network.
Cross-chain wrapped value experienced a two-fold increase from $11.5M to $26.5M – that’s right, an increase of more than 100%! WanSwap and WanLend liquidity and volume have also seen two-fold increases since last month, their biggest increases to date! Check out the latest WanSwap statistics here and the latest WanLend total supply and borrow markets here.
Lastly, the time has finally come to reveal NFTs on Wanchain! Introducing ZooKeeper, a brand new NFT focused Dapp built on Wanchain. ZooKeeper will bring you a new and interesting mining experience, leading you to experience higher mining rewards with rich and interesting NFT gameplay. ZooKeeper is entirely conceived and developed by passionate members of the community with some collaboration from the Wanchain team and will complement WanSwap. ZooKeeper will introduce Wanchain based NFTs and a new dual farming experience allowing users to earn $WASP and $ZOO (the ZooKeeper utility token) by staking their WSLP tokens on the ZooKeeper platform. This brings gamified yield farming to Wanchain, including an NFT market where users can trade their NFTs for a variety of wrapped Wanchain assets. Learn all you need to know here!
ZooKeeper officially launched on mainnet today, April 10th, while dual farming will commence on April 16th. Mark your calendars and get ready for a big harvest! In the meantime, join the ZooKeeper Telegram and follow the ZooKeeper Twitter for the latest updates!
Some more notable upcoming developments include the layer-2 scaling solution for Ethereum; InstantCross, a significantly cheaper and faster solution for doing smaller cross-chain transactions; support for more chains and tokens (wanXRP on mainnet this April); and much more. See you in the next update!