We are excited to introduce Milkomeda C1 - the premier EVM-based sidechain in the Cardano ecosystem, and explore potential strategic partnership opportunities with PoolTogether.
Milkomeda C1 is a Cardano sidechain that utilizes mADA as its base asset for fees and gas also improving the value of ADA as it becomes the coordinating base asset on multiple chains.
Milkomeda C1 offers numerous advantages for developers and users alike. It reduces the barrier to entry for developers from other ecosystems, offers a broader selection of Dapps, and allows DeFi projects deployed on other blockchains to benefit from the novel pluses of the L1 ecosystem without having to start from scratch.
Furthermore, Milkomeda C1 eliminates almost all of the user experience issues that come about with sidechains, allowing users to interact with the mainnet easily (very soon that will be improved with wrapped smart contracts that will allow L1 users to interact with EVM contracts without leaving their first-choice mainchain wallet).
Additionally, Milkomeda C1 is planning to introduce very soon the support for Liquid Staking, enabling users to compound their staking rewards from L1 on L2 DApps including also smart contract developers, and is also soon releasing its novel Canonical Contracts that will enhance the DeFi experience by converting multiple fragmented assets into one Canonical representation.
We are proud to have the support of both the Cardano and Milkomeda communities, as well as a roster of impressive investors including Circle Ventures, Coinbase, Arrington Capital, Hypersphere, Archetype, and many others.
We believe that partnering with PoolTogether would be a great opportunity for both of our communities to enhance DeFi on Cardano. As one of the most vibrant communities in the space, we are confident that Cardano users would greatly benefit from direct access to PoolTogether.
To learn more about Milkomeda C1, please visit our website at https://www.milkomeda.com/ and check out our DApp store at DApp Store • Milkomeda.
You can also learn there about our Incubators and Hackathons programs.
We would appreciate it if you could provide us with the right point of contact to discuss this opportunity further. We strongly believe that both PoolTogether and Cardano community can strongly benefit from this cooperation.
Thank you for considering this proposal. We look forward to hearing back from you soon.
Iwo, on behalf of Milkomeda Foundation