Ethereum

<p class="is-style-lead">Cross-chain liquidity provider Pike Finance has announced the launch of its testnet on Ethereum and its layer-2 solutions.</p> 
<p>In <a href="https://x.com/wormholecrypto/status/1734256810205552772?s=20" target="_blank" rel="noreferrer noopener">an X thread</a> on Dec. 11, 2023, Pike said blockchain developers can now experiment with the protocol’s <a href="https://crypto.news/tag/cross-chain/" target="_blank" rel="noreferrer noopener">cross-chain</a> functions using a testnet available on <a href="https://crypto.news/tag/ethereum/" target="_blank" rel="noreferrer noopener">Ethereum</a> as well as Goerli’s versions on Optimism, Arbitrum and Base. While no timetable is in place, Pike <a href="https://mirror.xyz/pikefinance.eth/OjW7drpga5OnN3GBkpb8u4L-9X0eVYYSFHJqBs3rwZg" target="_blank" rel="noopener">said</a> other networks such as Solana, Monad and Fraxchain are also expected to be supported by the protocol.</p> 
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<p> You might also like: <a href="https://crypto.news/chaingpt-integrates-chainlink-to-unlock-cross-chain-crypto-hub/"> ChainGPT integrates Chainlink to unlock cross-chain crypto hub </a> </p> 
<p>With the testnet, Pike Finance’s users can explore such functions as minting faucet tokens, depositing assets as collateral, borrowing, repaying loans and withdrawing funds. A spokesperson for the Pike team noted the current version of the testnet is still a “work-in-progress,” which means community members might still run into issues and errors.</p> 
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   <p lang="en" dir="ltr">The $50,000 in <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$USDC</a> funding will help Pike launch its mainnet in early Q1 of 2024, as well as our public Testnet in December this year.<br><br>Sign up for the testnet at: <a href="https://t.co/nT61IU7fy0" target="_blank">https://t.co/nT61IU7fy0</a><br><br>Learn more about Pike here:<a href="https://t.co/v7SCKoNDdl" target="_blank">https://t.co/v7SCKoNDdl</a></p>— Pike (@PikeFinance) <a href="https://twitter.com/PikeFinance/status/1727374988603515145?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 22, 2023</a>
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<p>The launch comes just a few weeks after Pike secured a $50,000 funding in USDC from Circle and <a href="https://crypto.news/tag/wormhole/" target="_blank" rel="noreferrer noopener">Wormhole</a> to help the protocol launch its mainnet in early Q1 of 2024. Pike Finance is a cross-chain liquidity provider, which implements a hub and spoke architecture to allow users to supply and borrow native assets on any supported chains.</p> 
<p> Read more: <a href="https://crypto.news/wormhole-raises-225m-after-split-from-jump-crypto/"> Wormhole raises $225m after split from Jump Crypto </a> </p>

Wormhole-backed cross-chain liquidity provider Pike debuts testnet

crypto.news

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