On July 23, 2024, the S-1 filing for the ETH spot ETF officially landed in the U.S. capital market, and the market also expects the ETH ecosystem to usher in a new prosperity and explosion. As a cornerstone of the cryptocurrency ecosystem, Ethereum is not only the foundation of many applications, but also at the forefront of global blockchain technology.
However, the increasingly serious trading congestion and high gas fees are plaguing this ecosystem. In this situation, the Layer 2 expansion solution came into being, aiming to break through the performance bottleneck of Ethereum. During the bear market in 2023, the Layer 2 solution won widespread attention from the capital market and continued to raise funds with its outstanding performance and unlimited potential.
Lambda closely follows the market demand and has achieved a brand strategic upgrade from the original consensus network to the Layer 2 network based on OPStack. This upgrade not only enhances the infrastructure capabilities, but also deeply integrates Lambda into the Ethereum ecosystem. The new Ethereum Layer 2 blockchain will better support Rollups and AI applications, with a particular focus on the persistent availability of data, providing users with a more stable and efficient experience. The Lambda Foundation recently announced the launch of the Bifrost Pool and Odyssey Airdrop activities to give back to its supporters and users. The creation of the Lambda L2 public blockchain is dedicated to building a brand new social and storage ecosystem, bringing new experiences and rewards to users.
Bifrost Pool, Maximizing Asset Mining Potential
The Lambda Foundation continues to innovate to ensure that users can maximize the initial quota and other benefits of staking $LAMB. To this end, Lambda has launched the Bifrost Pool activity, dedicated to providing users with a secure and efficient financial experience through a series of innovative mechanisms.
Efficient asset management strategy: When users stake $LAMB tokens through an efficient asset management strategy, they can delegate $LAMB to node operators, who will return the staking certificate to the staker.
Dual-token PoS hybrid consensus mechanism: Dual-token PoS is an innovative hybrid consensus mechanism where each validator can simultaneously accept $LAMB and related subscription tokens. This system expands the base of stakeholders and adds an additional layer of flexibility and security to the network consensus structure. This mechanism not only enhances the decentralization of the network, but also strengthens the overall network stability.
Liquid staking: Lambda introduces the concept of liquid staking, allowing staked assets to provide more opportunities to earn income while maintaining liquidity. Through this method, users can maximize their asset income without sacrificing liquidity.
Smart contract security guarantee: Bifrost Pool uses the most advanced smart contract technology to ensure the transparency and security of every transaction and staking process.
Real-time income monitoring: Users can monitor their income in real time through Lambda's dedicated platform, keeping track of their investment returns and making optimal decisions.
Community support and education: The Lambda Foundation is committed to providing comprehensive community support and educational resources to help users better understand and utilize the various functions of Bifrost Pool, enhancing their investment skills and blockchain knowledge.
On July 18, 2024, the Lambda Foundation released the first Bifrost Pool non-destructive staking activity. Participants purchased $LAMB tokens through centralized exchanges and securely transferred them to their EVM-compatible wallet addresses. Once the holding amount reaches or exceeds 80,000 tokens, the activity participation qualification is automatically unlocked.
During the activity, the official will take multiple random snapshots to capture the $LAMB token holdings of each participant's wallet, and based on these snapshot data, precious Genfiy token rewards will be distributed to eligible wallets in proportion.
Genify: A Dazzling Stage for Global Generative Art
Since its launch in 2021, Genify has rapidly risen to become a leading global generative art distribution platform, backed by investors such as Multicoin Capital. Genify spans multiple public chains such as Ethereum, BASE, Lambda, and Conflux, providing artists with a broad space for creation and exhibition.
The platform has brought together over 100 talented artists, jointly releasing hundreds of thousands of NFT assets, attracting keen attention from over 100,000 collectors from around the world. Artists from Taiwan, Japan, France, Brazil, and China have shone on the platform, with their works not only winning the favor of internationally renowned collectors such as 6529, AC, and Han, but also igniting enthusiastic interactions among artists such as GrantYun on social media.
After more than three years of steady operation, Genify has accumulated nearly 80,000 active addresses on the EVM-compatible chain, and has 20,000 loyal users on the Bitcoin network, proving its strong market foundation and widespread user recognition. It is worth mentioning that Genify has successfully landed physical collectible business in Hong Kong, not only gaining the strong support of heavyweight figure Zheng Zhigang in the Hong Kong art world, but also attracting strategic investment from senior executives at TikTok.
Entering 2024, Genify supports artists in issuing works on the Bitcoin network. The masterpiece "BOB" by founder shaun8149, as the first generative art work issued on the Bitcoin network, sold out all 10,000 copies in a very short time. As of now, Genify has successfully issued ten works on the Bitcoin network, with representative works such as GHOST achieving nearly 100 times growth in the secondary market.
Genify is not just a platform, but also a communication bridge between artists and collectors. The platform selects works through curation and invitation on Bitcoin, Ethereum, and Conflux, while opening sandbox tools on Lambda and BASE. Its primary issuance business inherits the brilliant tradition of Artblocks and has grown into one of the leaders in the global generative art distribution business, especially in the issuance and trading fields on the Bitcoin network, with rapid data growth.
Genify not only provides a platform for exhibition and trading, but also a space for interaction and co-creation between artists and collectors. Whether through curation activities, invitation-based selected works, or open sandbox tools, Genify is constantly promoting the development and popularization of generative art.
Odyssey Airdrop Initiated
Through the Odyssey Airdrop, a new social and storage ecosystem will be launched. In order to create the next generation Lambda L2 public blockchain, the Lambda Foundation will establish a new social and storage ecosystem to bring users a brand new airdrop experience. Through this innovative mechanism, by completing the following two steps, users will receive $LAMB airdrop rewards.
- Follow Lambda's official social media accounts:
Follow the official Twitter account and Telegram account of the Lambda Foundation to receive the latest activity information in a timely manner.
- Participate in social tasks:
Interact on Twitter: retweet, comment, like the official designated tweets. Join the Lambda official Telegram group and complete the specified tasks. After completing these two tasks, you will receive multiple rounds of $LAMB token airdrop rewards.
In addition, the Lambda Foundation has stated that it will continue to launch more ecosystem projects to empower $LAMB, further expanding its application scope and influence. The goal of the Lambda Foundation is to build a secure, efficient, and scalable blockchain ecosystem, providing users with a richer and more diverse range of application scenarios.
Learn More
Official website: https://portal.Lambda.im/
Twitter: https://twitter.com/Lambdaim
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