SYS Labs, a Web3 product suite powered by Syscoin, has announced the next phase of Rollux, an innovative EVM Layer-2 solution. Rollux aims to optimize the performance of Ethereum network applications by harnessing the strength of Bitcoin. In its Phase 2 rollout, Rollux introduces a full suite of DeFi tools, including a ZK-lite client, cross-chain bridges, DEXs, liquidity protocols, yield aggregators, and a launchpad. This expansion aims to enhance interoperability across blockchains and create a comprehensive Web3 ecosystem.Rollux is built on speed, scalability, and affordability, addressing the blockchain trilemma. It utilizes Syscoin’s Layer 1 finality and data availability, as well as Bitcoin’s mining network for security. The Rollux ecosystem includes SuperDapp, a platform that combines chat, Web3, and social connections, and various other Web3 apps and services such as Pegasys DeFi exchange, Luxy NFT Platform, and Agave DeFi lending protocol.SYS Labs CEO Jagdeep Sidhu describes Rollux Phase 2 as a “quantum leap in the DeFi universe” and emphasizes its innovation and inclusivity. Rollux offers unmitigated security, speed, decentralization, and affordability.With its unique combination of Bitcoin’s mining network security and Syscoin’s Layer 1 finality and data availability, Rollux sets the stage for mass adoption by providing unprecedented scalability for an exponential increase in potential use cases. SYS Labs is at the forefront of technological advancements and financial revolution, creating a Web3 ecosystem that pushes the boundaries of what is possible in the world of decentralized finance.

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Information	Details
Geography	Middle East
Countries	🇦🇪
Sentiment	positive
Relevance Score	1
People	Jagdeep Sidhu
Companies	Chainge, Rollux, Nexter, Pegasys, Syscoin, Camada, Pali Wallet, Agave DeFi, LayerSwap, Gamma, GoRollux, SYS Labs, Bitcoin, Luxy NFT Platform, Beefy, DAOSYS
Currencies	None
Securities	None