Layer2 users, Linea, will now be able to enjoy the DeFi benefits offered by the Standard Protocol platform, without leaving this well-known network.
Standard Protocol, the enforcement Ethereum-based decentralized finance (DeFi) platform, recently announced that it has successfully launched its service on the Linea network. This launch marks a major milestone for Standard Protocol as it expands its reach to a new and growing ecosystem of users and developers.
Line Standard Protocol is a Layer 2 scaling solution for Ethereum that offers fast, low-fee transactions. By launching on Linea, Standard Protocol can provide its users with a more efficient and affordable way to interact with its DeFi protocols. The launch is also a positive development for the Linea ecosystem itself. Standard Protocol is a well-respected and established DeFi protocol, and its launch on Linea will help attract new users and developers to the network.
This launch is part of Standard Protocol’s ongoing efforts to expand its ecosystem and make its DeFi protocols more accessible to a wider range of users. The company also recently launched its Ambassador Program and participated in NAVHack23, a hackathon for the development of new DeFi applications.
New financial tools for the community
Standard Protocol is poised for rapid growth and expansion in the coming months and years. The launch of Linea is a key step in this process and will help achieve its goal of becoming a leading DeFi solutions provider.
Let’s recall that Standard Protocol’s mission and goal is to empower people with sovereign finance, fostering fairness, transparency, and inclusion within the crypto space. The platform offers a range of decentralized financial applications and services, including decentralized exchanges (DEXs), seamless on- and off-ramps, instant swaps, and a thriving Web3 platform for social following and interaction.
Hyungsuk Kang, founder of Standard Protocol, commented:
Standard Protocol’s Linea soft launch heralds a new era in DeFi, where users become the standard. Together, we will forge the foundations for DeFi, centered on principles of fairness, transparency, and individual empowerment. This initiative aims to reduce dependency on intermediaries, putting control firmly in the hands of our community.
Impact of this release for Standard Protocol
Standard Protocol has achieved significant milestones in 2023, including the successful launch of its Ambassador Program, a triumphant performance at NAVHack23, and extensive beta testing. The platform is now primed for rapid growth and expansion.
In the coming months, the project plans to launch its full suite of DeFi products and services on the Linea network. The platform will also continue to expand its community and partnerships, and work to make DeFi more accessible and inclusive for everyone.
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