Tezos’ L2 Etherlink deploys Calypso upgrade on mainnet

Etherlink has deployed its third protocol improve, Calypso, on mainnet to carry a large efficiency enhance to the Tezos layer 2 community.

The Ethereum Digital Machine-compatible layer 2 resolution constructed on Tezos (XTZ) introduced the Calypso improve was stay on the mainnet on March 12, coming a couple of weeks after the EVM-compatible L2 deployed on testnet.

The highway to mainnet included a governance vote by Tezos bakers, key ecosystem parts that work alongside Tezos nodes. 

Following approval for the mainnet launch, Calypso has efficiently deployed to carry enhancements reminiscent of enhanced community pace, resilience, and effectivity to builders of decentralized purposes. Deployment additionally means quicker XTZ withdrawals from Etherlink to Tezos.

Etherlink’s non-custodial platform, powered by the Tezos good rollup know-how, permits for frictionless integration of dApps and helps Ethereum ecosystem instruments reminiscent of wallets and indexers. With its newest improve going stay on mainnet, its efficiency might see as much as a 30x enhance — vital numbers on this planet of decentralized finance and exchanges.

Calypso additionally means improved good contract storage and governance updates. It lays the muse for enhancements to non-custodial and trustless token bridging.

Because it stands, customers can bridge the native Tezos token tez from the layer 1 chain to Etherlink and again. Bridging XTZ from Etherlink to Tezos L1 is known as withdrawing, whereas bridging XTZ from the layer 1 chain to the Etherlink community is known as depositing. In each circumstances, XTZ is the native token on each chains.

“Shifting tez from Etherlink to Tezos L1 at the moment can really feel like ready in site visitors. Calypso introduces a brand new precompiled contract entrypoint, which lays the groundwork for a lot quicker withdrawals,” Tezos said in February forward of this mainnet rollout.

Etherlink launched its alpha testnet in 2023 and beta in early 2024, with key roadmap milestones together with the mixing of oracle worth feeds, the LayerZero bridge, and a decentralized sequencer.

In the meantime, Tezos not too long ago deployed its seventeenth improve with the activation of Quebec, which launched quicker transactions, rolled out improved staking mechanics and bolstered token issuance.