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News Explorer — Ethereum Layer-2 Layer N Launches DeFi Liquidity Initiative

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Apr 18, 3:01 pm
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Ethereum Layer-2 Layer N Launches DeFi Liquidity Initiative

Layer N, an Ethereum Layer 2 network backed by Peter Thiel's Founders Fund, has launched a liquidity program to support apps built on its StateNet architecture. The program aims to introduce sustainable liquidity into the DeFi space and empower developers in their market entry. Digital finance firm Amber Group will be the first participant, contributing $20 million to foster innovation and rival traditional financial institutions.

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