Harmony stated on Twitter this Wednesday that it will be partnering with StakeDAO on a significant DeFi alliance. This is because Stake DAO unifies the finest of the DeFi community, spanning different blockchains into a single user-friendly system.
Stake DAO will shortly release its ONE validator and begin providing staking-as-a-service to the public. Both parties will collaborate to develop novel techniques to bring the best of DeFi to the Harmony network.
On the other hand, Stake DAO is delighted to welcome yet another addition to its fast expanding clan. It has decided to team up with Harmony Protocol to further its goal of making excellent cross-chain DeFi solutions available to everybody.
Harmony is an EVM-compatible cryptographic protocol system with two-way bridges to a series of prominent blockchain systems that have made compatibility its specialty. Harmony is a system for assets, collections, identification, and administration that is available to everyone. A public and efficient blockchain with two-second transaction completion and 100-fold cheaper costs. To kick off this relationship, Harmony will be releasing ONE staking on the Stake DAO Staking website soon, followed by a slew of other products based on Harmony’s cross-chain technology.
About Stake DAO
Stake DAO is a non-custodial system that makes it simple for everyone to expand their cryptocurrency wealth. It was developed on the foundation of decentralized blockchain technologies, allowing users to develop, monitor, and manage their assets directly from their accounts. As a project, Stake DAO wants to make it simple for everyone — regardless of their degree of crypto expertise — to gain access to the industry’s top competing technologies and approaches.
About Harmony
Harmony is an open asset, collections, authentication, and administration system. Harmony is an accessible and efficient blockchain with the goal of securing billions of people’s confidence and establishing a fundamentally equitable market. The platform supports Ethereum applications with transaction finality of two seconds and costs that are 100 times cheaper. Harmony’s safe bridges allow for cross-chain asset transactions wiith Binance, Ether, and other chains.