CashmereLabs Testnet

Twitter:@CryptoBrawn;

GameFi enthusiast, NFT player, founder of @GF_GuildGameFi,blockchain financing information, long-time cryptocurrency investor.

CashmereLabs Introduction

CashmereLabs is an omnichain protocol with built-in MEV protection, a DEX aggregator and stableswap built on LayerZero. Cashmere is one of the winners of MVB (the most valuable builder) Season 6 from Binance Labs venture fund in collaboration with BNB Chain.

At this point in time, the project has implemented about 11 different networks into its protocol, such as Ethereum, BNB Chain, Arbitrum, Optimism, Polygon, Avalanche, Fantom, Base, Polygon zkEVM, Linea Testnet, and MetisDAO. The integration data was introduced to facilitate entry, testing, and the use of the protocol by the average user.

The goal of CashmereLabs is to become one of the pioneers of the blockchain. Using LayerZero's exceptional security measures and high processing speed, the project creates a reliable and innovative decentralized application that provides an unparalleled user experience. In the future, Cashmere Labs will become the hub between all Layer 2 and Layer 1, allowing users to perform all their operations through the workspace provided by the project.

MEV Technology:

An innovative solution from CashmereLabs will protect its users from MEV attacks that so many decentralized exchange is subject to when performing swaps and slippage manipulation when conducting transactions by the user. The solution is as follows:

Cashmere dynamically specifies slippage based on pool reserves;
Cashmere demonstrates anticipatory countermeasures by mimicking leaders and finding balance by adjusting slippage.

Investments:

In November 2022, the project held a seed round led by MH Ventures, the amount of funds raised there was not disclosed. If you pay attention to the project's twitter, then people like Stani Kulechov (CEO) of Lens Protocol and Aave, Bryan Pellegrino (CEO) LayerZero, and other famous people have subscribed to it. We might see more large rounds of investments going forward.

Thoughts:

The protocol itself is built and implemented on the basis of LayerZero. Important people and backers are following the project's development, which positively affects the attitude towards it. By being active in this protocol, we test the LayerZero ecosystem and claim awards from Cashmere itself, as we become the Early Adopter program participants, where our activity can be taken into account. In the instructions below, we'll show you how to use the protocol to qualify for a possible airdrop.

How to participate?

1.Claiming test tokens

Visit Goerli faucet and request test ETH on the Goerli Testnet.
If this faucet doesn't work, you can use Paradigm Faucet.

You can also use the native LayerZero bridge to buy test tokens on Ethereum Goerli;
Connect your wallet on Arbitrum One/Optimism;
Enter the amount of wallet to transfer to the testnet, 0.005 ETH should be more than enough;
Click “Transfer” and confirm the transaction.