Cashmere Labs Released Initial Public Testing Network Across Multi-Chain Anti-MEV DEX Aggregators

On April 23rd, it was announced that the Cashmere Labs team of LayerZero based multi chain anti MEV DEX aggregators announced the release of an initial public testing network, which has been deployed on Ethereum Goerli, Polygon Mumbai, BSC Testnet, Arbitrum Goerli, Avalanche Fuji, Fantom Test Network, Optimism Goerli, Base Goerli, Line zkEVM Testnet, Polygon zkEVM Testnet, and Metis Goerli. At the same time, CashmereLabs has also partnered with Galxe, Layer3, and Zealy platforms to provide users with task processes.

LayerZero based multi chain anti MEV DEX aggregator Cashmare release public testing network

Introduction

On April 23rd, Cashmere Labs, a team of LayerZero-based multi-chain anti-MEV DEX aggregators, announced the release of an initial public testing network. The network has been deployed on various platforms including Ethereum Goerli, Polygon Mumbai, BSC Testnet, Arbitrum Goerli, Avalanche Fuji, Fantom Test Network, Optimism Goerli, Base Goerli, Line zkEVM Testnet, Polygon zkEVM Testnet, and Metis Goerli. Alongside the network release, Cashmere Labs has also partnered with Galxe, Layer3, and Zealy platforms to provide users with task automation processes. This article will dive deeper into what the announcement means.

What is Cashmere Labs?

Cashmere Labs is a decentralized finance (DeFi) platform that aggregates liquidity from different decentralized exchanges (DEXs). Their platform is designed to minimize MEV (Maximal Extractable Value) by allowing their users to route their trades through pathways that are least prone to MEV. They have developed a set of algorithms that prioritize trade execution based on protection of the users from the negative impact of MEV. The Cashmere Labs team has been working on developing their platform over the past two years.

Initial Public Testing Network Release

The release of the initial public testing network by Cashmere Labs is a significant step towards the complete launch of their platform. The testing network is vital as it allows the developers to test the platform’s functionality, resolve any bugs and identify any potential issues before the full launch.
The network has been deployed across various platforms such as Ethereum Goerli, Polygon Mumbai, BSC Testnet, and many others. Cashmere Labs has revealed that the network deployment on various platforms allows them to test the compatibility and interoperation of their protocol.

Partnership with Galxe, Layer3, and Zealy Platforms

In addition to the initial public testing network release, Cashmere Labs has also partnered with Galxe, Layer3, and Zealy platforms to provide users with task automation processes. By integrating with these platforms, Cashmere Labs hopes to streamline the user experience significantly. For instance, users who utilize Galxe can gain access to more advanced tools that automate DeFi trading strategies.

Conclusion

The release of the initial public testing network by Cashmere Labs is a significant step towards the complete launch of their platform. The Cashmere Labs team has been developing the platform for the past two years, and the release of the testing network is vital as it allows the developers to identify and resolve any potential issues before the full launch. The deployment of the network on various platforms also allows the team to test the compatibility and interoperation of their protocol. Additionally, the partnership with Galxe, Layer3, and Zealy platforms presents an opportunity to streamline the user experience.

FAQs

1. What is Cashmere Labs?

Cashmere Labs is a DeFi platform that aggregates liquidity from different decentralized exchanges (DEXs) to minimize the negative impact of MEV on users.

2. What is the initial public testing network release?

The initial public testing network release by Cashmere Labs is a vital step towards the full launch of the platform. It allows developers to identify and resolve any potential issues while testing the compatibility and interoperation of their protocol.

3. What is the partnership with Galxe, Layer3, and Zealy platforms?

The partnership involves task automation processes that will allow Cashmere Labs users to streamline their experience while utilizing the platform.
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