Avara Launches Lens Chain Mainnet for Decentralized Social Media Development
Avara, the parent company of Aave, has launched the Lens Chain mainnet, an Ethereum overlay blockchain aimed at decentralized social media applications.
- Lens Chain offers a fast and low-cost environment for developers.
- Avara CEO Stani Kulechov emphasizes the need for a developer-friendly layer 2 protocol to enhance decentralized "SocialFi".
- The platform utilizes mathematical proofs for verifying off-chain transactions.
- It features its own stablecoin, GHO, for gas fees and decentralized data storage.
- Application building blocks include composable social graphs and token-gated communities.
- Partnerships with DeFi projects like Uniswap, Balancer, and Chainlink have been established.