Somnia Network has formed a new joint venture with Lair Finance, which is yet another strategic move towards revolutionizing decentralized gaming and entertainment.
This is a partnership between the high-performance blockchain infrastructure component of Somnia and Lair expertise with cross-chain liquid staking.
The two together are striving to re-establish the interaction of users with decentralized applications and gain rewards on numerous networks.
Expanding Cross-Chain Capabilities
Cross-chain restaking is available in Lair Finance on various noteworthy Layer 1 chains, such as Kaia Chain, Berachain, and Injective.
The new partnership will provide the users with access to the real-time application-optimized network, which is expected to serve well over 1 million transactions each second.
The integration improves interoperability in the ecosystems that enable the user to stake out their digital assets and earn rewards easily.
It also strengthens the determination of Somnia to create a highly scalable, low-fee environment accommodating the developers and players.
Making the Somnia Ecosystem Stronger
Somnia Network is a layer 1 blockchain with EVM compatibility and a mass-consumer use case, like gaming and decentralized social applications.
Lair Finance can offer a stable staking platform that users and developers will enjoy, coming in and making the Somnia ecosystem stronger. The collaboration also allows individuals to utilize SOMI, which is the official token of the ecosystem, as well as transact, stake, and participate in the governance of the network.
Mutual Benefits for Users and Builders
The cooperation fosters open guidelines for generating new yields and increases liquidity in the staking market. Users can depend on Lair and boost their yields while playing Somnia’s games and entertainment services.
To the developers, it represents an easier path to integration between financial and gaming utilities, which the industry has long been striving to accomplish. The two companies are working together to establish a platform on which performance is merged with profitability, as they move into the next wave of decentralized entertainment.
Such an alliance is a sign of a more general transition to common and user-friendly Web3 experiences that would be quick, scalable, and profitable, as blockchain ecosystems meet.