Vibrant Finance CEO Jimmy Yin said the move would “make liquidity more efficient and foster cooperation between chains.”
Vibrant Finance Launches on Neon EVM: Bridging DeFi Realms with DL-AMM Model
“With our latest deployment on Neon EVM, we aim to make liquidity more efficient and foster cooperation between chains and ecosystems,” Yin remarked.
The DL-AMM model, celebrated for its provision of distinct liquidity for individual price shifts, enables accurate allocation of liquidity at predetermined fixed prices. This inventive strategy tackles hurdles encountered in DeFi exchanges, enhancing liquidity management for users. Furthermore, it introduces sophisticated trading functionalities like limit orders, enhancing users’ trading encounters.
Backing Vibrant Finance is iZumi, a multi-chain DeFi protocol offering DEX-as-a-Service (DaaS).
Neon EVM: Empowering Ethereum dApps Scaling on Solana for Vibrant Finance’s Expansion
Neon EVM serves as a catalyst for scaling Ethereum decentralized applications (dApps) on Solana, positioning it as an optimal platform for Vibrant Finance to expand beyond the Ethereum ecosystem.
Neon streamlines the process of deploying EVM-compatible dApps by requiring minimal code adjustments. Operating as a smart contract on Solana, the platform efficiently handles requests through public PRC endpoints, ensuring seamless integration.
The success of Neon is evident in its adoption by various DeFi protocols, including deBridge and MeredianFi, underscoring its growing significance within the industry. This success can be attributed to the increasing prominence of both Ethereum and Solana in the crypto space.
According to DeFillama data, Ethereum remains the leading DeFi blockchain, boasting a total value locked (TVL) of $45.87 billion. Meanwhile, Solana’s TVL has recently surpassed the $2 billion mark, indicating its growing traction and potential for further expansion in the DeFi landscape.
