LayerZero Launches a bridge Connecting Ethereum Mainnet to Testnet, Create a Market for Goerli-ETH

LayerZero Launches a bridge Connecting Ethereum Mainnet to Testnet, Create a Market for Goerli-ETH

LayerZero created a new solution for those who have had difficulty acquiring Goerli-ETH. The Testnet Bridge promises to solve the challenge of testing systems at scale by providing an open market for immediate pricing of ETH/GOERLI-ETH.

Goerli-ETH is sometimes difficult to obtain, which creates significant obstacles for developers who want to test their systems. The Testnet Bridge offers a way for developers to purchase Goerli-ETH without having to rely on the intractable Goerli faucet, which is slow and cumbersome.

The Testnet Bridge uses an open market to achieve real price discovery and equilibrium. The initial price of Goerli-ETH is set at $0.10, and the pool is seeded with 12,500 Goerli-ETH. The two pools, listed as Goerli: ETH/mETH (“Mainnet ETH”) and Ethereum: ETH/gETH (“Goerli ETH”), are hosted on Uniswap on both Ethereum and Goerli.

The Testnet Bridge makes it easier for Ethereum developers to test and access $ETH on Goerli.

LayerZero is an omnichain interoperability protocol designed for lightweight message passing across chains, it is the protocol behind Stargate.

Source

Ethereum

Cross-Chain

In This Article

Related News
Wormhole Secures $225 Million Funding at $2.5 Billion Valuation Wormhole Secures $225 Million Funding at $2.5 Billion Valuation
A Key Ethereum Validator for Lido Finance to Temporarily Exit and Rotate Key Due to Vulnerability Disclosure A Key Ethereum Validator for Lido Finance to Temporarily Exit and Rotate Key Due to Vulnerability Disclosure
Fidelity Becomes the 7th Spot Ethereum ETF Filer, Next Decision Deadline to be in Mid-December Fidelity Becomes the 7th Spot Ethereum ETF Filer, Next Decision Deadline to be in Mid-December
Ondo Finance Partnered with Axelar to Launch Ondo Bridge for Native RWA Token Bridging Ondo Finance Partnered with Axelar to Launch Ondo Bridge for Native RWA Token Bridging
BlackRock is Confirmed Filed the $ETH Spot ETF Application BlackRock is Confirmed Filed the $ETH Spot ETF Application
Latest News More More
Stablecoins Market Cap Expands Signifying Enhanced On-Chain Liquidity
Bitcoin Core Developer Claims Ordinals a Bug and will No Longer Exists in v27 Upgrade Next Year
44 Minutes Ago $ORDI Surged 30% in Past 24 Hours, Reaching Market Cap. Over $1.3 Billion
19 Hours Ago Jito Labs Announces Distribution Plan of 100M JTO Airdrops
23 Hours Ago NFT Market Recovering with Blur Dominates 80% of Market Share
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open