Composable Finance announces the official launch of Picasso

seeks to address issues around DeFi complexity by simplifying the cross-chain user experience in a non-custodial manner through use of IBC and their own product suite. After a series of development and audits, its Kusama parachain, Picasso, is scheduled to go live on Friday, November 25th with the core pallets that make up the network to be released.

Picasso has utilized this framework to create a blockchain that has been optimized for the facilitation of non-custodial cross-chain transactions. This includes critical infrastructure such as oracles and vaults and extends to include complex bridging solutions, a novel DEX that utilizes bonding mechanisms to ensure deep liquidity, a cross-chain lending market, and more.

Picasso users will be able to navigate and test the released functions at app.picasso.xyz ahead of subsequent other releases. Moreso, council governance will be viewable on Polkassembly, an open-source platform for anyone to participate in Substrate-based chain governance like discussing and voting on governance proposals, motions and referenda.

KSM/USDT, PICA/KSM, PICA/USDT. As a step to full on-chain governance, sudo will be removed by end of the release 2. XCM Channels to Kusama relay chain and Statemine is also expected to go live in this phase as well as Bring Your own Gas incentives for newly onboarded users in the Picasso ecosystem. BYOG is an interesting feature that will allow users to pay in any token for underlying gas fees.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Curve Finance: Could CRV stay with the bears for longer than anticipatedCurve Finance’s CRV didn’t witness the best price action in the last 30 days and showed no sign of recovery CRV’s on-chain metrics too had also been full of decreases and dormancy Curve Finance [CRV], which was the subject of a good performance some months back, had lost 30.95% of its value in the last […]
La source: CryptoAmb - 🏆 22. / 68 Lire la suite »

Home Capital: Finance billionaire Smith bets Canada’s housing slump won’t last - BNN BloombergPlunging Canadian housing sales and prices are prompting one of the country’s major financial-industry investors to plow $1.7 billion (US$1.3 billion) into a bet that it won’t be a protracted slump. Real estate market in canada norms approaching just edge of cliff and 2023 will be history in Canadian real estate market, I never owned bank stocks and will never own except one bank CWB, I have more trust than any other financial institution This will prove to be one of the dumbest acquisitions ever in Canada. To be buying an alternative resodential mortgage lender at a time when the home price bubble is just beginning to burst.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »