DexyGold Stablecoin Live on Testnet

If you are new to Ergo, you may not yet know that the blockchain has successfully deployed a crypto-backed algorithmic stablecoin, SigUSD. SigUSD is pegged to the price of the US dollar and has maintained its peg despite the volatility of the crypto asset class during the bear market. As DeFi expands on Ergo and new products are being built, an exciting development will add a new native stablecoin to the ecosystem: the DexyGold stablecoin.

Rosen Bridge Update: Expansion of Watcher Infrastructure

Since the launch of Rosen Bridge, more than 1 million $ERG have been bridged to the Cardano blockchain. Additionally, there has been extensive liquidity from Cardano back to the Ergo network. A testament to the power of decentralized infrastructure, Rosen Bridge is primed to set a new standard in cross-chain DeFi with the upcoming additions of the Bitcoin and EVM chains.

Rosen Bridge Officially Launches on Ergo Mainnet

Interested parties can access the bridge now via the Rosen Bridge website. It is officially a new era for transacting between blockchains.

Rosen Bridge Updates: Launch Expected Within 1-2 Weeks

As the Ergo community excitedly awaits the launch of Rosen Bridge, the lead developer for the project has recently provided several important updates. These updates come shortly after the release of the Rosen Bridge token ($RSN) on Spectrum Finance and an understanding that people will need to lock a set amount of $RSN and $ERG as collateral in order to participate as Watchers and earn rewards.

Rosen Bridge Token Launch

As of today, interested parties can now acquire the Rosen Bridge token (RSN) through Spectrum Finance DEX. This marks a significant milestone in preparation for the launch of Rosen Bridge.

Auction House V3 Launches on Mainnet

One of Ergo’s most popular community dApps has recently released a suite of new features in Auction House V3. Developed by Anon_real, the Auction House was the first NFT market place on Ergo, enabling users the ability to buy and sell NFTs in a decentralized manner.