The EOS EVM community is gearing up for a major upgrade with the release of EOS EVM v0.5.0 on its mainnet. This highly anticipated update brings exciting features such as liquidity mining instruments and addresses various minor bugs discovered by testers. The EOS Foundation, responsible for the EOS EVM platform, aims to enhance yield opportunities for dApps built on EOS EVM and attract a broader range of decentralized applications.
One of the most significant enhancements in the EOS EVM v0.5.0 release is the integration of Yield+, a decentralized liquidity rewards program. Yield+ aims to attract a diverse range of dApps to the EOS EVM ecosystem and increase the total value locked (TVL) within it. Developers now have the opportunity to launch their own incentive programs, offering lucrative bonuses to attract users. This integration holds great potential for attracting liquidity from established EVM networks to EOS EVM, given that many DeFi programs are already built on the EVM standard. The EOS Foundation views this milestone as a crucial step toward increasing TVL on the EOS EVM. To facilitate the integration of Yield+, the EOS Foundation has added read-only transaction execution support to its mainnet EVM contract.
Apart from introducing new features, the EOS EVM v0.5.0 release focuses on improving the technical aspects of the platform. Developers have reevaluated the data logics and made advancements in several op-codes to enhance overall performance. Additionally, the EOS EVM contract will now reject any non-EOS tokens sent to it, including popular cryptocurrencies like U.S. Dollar Tether (USDT). It’s worth noting that the trustless bridge, at present, only supports EOS tokens.
To encourage developers to leverage EOS EVM resources, various rewards programs have been initiated. In May 2023, the Pomelo platform announced a dedicated $65,000 rewards pool for cryptocurrency projects developing on EOS EVM. These initiatives aim to foster innovation and attract talented developers to the EOS EVM ecosystem.
The release of EOS EVM v0.5.0 on the mainnet signifies a significant milestone for the EOS EVM community. With the integration of Yield+ and the introduction of liquidity mining instruments, the EOS Foundation aims to attract more dApps and increase the TVL in the EOS EVM ecosystem. Furthermore, technical enhancements and improvements in performance ensure a more robust platform for developers. The rejection of non-EOS tokens in the EOS EVM contract underscores the project’s focus on maintaining a secure and streamlined environment. With ongoing developer incentives and rewards programs, the EOS EVM community remains committed to fostering innovation and attracting talented individuals to leverage the platform’s resources. Overall, this release sets the stage for further advancements and growth in the EOS EVM ecosystem.
Disclaimer: This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments. This is a news article only.
