Avara, the parent company of the decentralized finance platform (DEFI), announced the arrival of the Mainnet lentil chain, a fast and inexpensive Ethereum superimposition blockchain to develop decentralized social media applications.
There are now several startups oriented towards the blockchain or “web3” that seek to provide users with an alternative to giant and centralized social media companies like Facebook and Elon Musk’s (formerly Twitter).
To offer better alternatives to existing social media giants, you need a fertile protocol level, according to AVARA CEO, Stani Kulechov. This means providing a layer 2 environment suitable for developers, powered by composable features designed to release the economic potential of the decentralized “socialfi”.
“The management we have taken with the objective in the past 12 months is to bring the best developer tools to rely on the social experiences of the channel,” Kulechov said in an interview. “We have chosen the optimal battery to execute the lens chain where we obtain the lowest possible transaction in cost, but a sufficient amount of security for these social transactions.”
The lens chain, a system that uses mathematical evidence to verify the veracity of out -of -chain transactions, has its own dedicated stablecoin, Aave GHO, to manage gas costs and its own decentralized data storage. A range of applications construction blocks is offered to create things like composable social graphics, personalized flows, communities compatible with tokens, etc.
The blockchain has cemented partnerships with several DEFI and infrastructure projects, notably Uniswap, Balance, Layerzero, Circle, Consensys and Chainlink.
