Rubic Welcomes Horizen EON Network: Seamless Swaps and Enhanced Functionality

Today, we’re thrilled to announce the latest addition to our ever-expanding network integration: Horizen EON! This fully EVM-compatible sidechain is now seamlessly integrated into the Rubic App, empowering users with unparalleled on-chain swaps via Ascent Exchange & SpookySwap DEXes and efficient cross-chain swaps through Archon Bridge. Delve deeper into integration and discover exciting details about the upcoming airdrop in this article!

Exploring Horizen EON Network

The Horizen EON Network has swiftly emerged as a beacon of innovation in the blockchain sphere, capturing the imagination of crypto enthusiasts worldwide. Positioned as a revolutionary ecosystem, it seeks to redefine the user experience within the blockchain landscape.

At its core, Horizen EON Network is a robust blockchain network engineered to deliver enhanced functionalities and remarkable scalability. Offering a comprehensive suite of features, it caters to diverse needs in the ever-evolving blockchain space.

Key Advantages of Horizen EON Network:

Enhanced Scalability: Horizen EON Network boasts superior scalability, ensuring seamless transactions even during peak network activity.

Programmed Staking Allocations: Pursuant to the smart contract, 10% of the ZEN block reward is allocated to nodes staking on Horizen EON. This helps to provide strong security for the consensus mechanism. 

Decentralized Governance: Horizen EON Network champions decentralized governance, empowering community members to actively shape the network’s future.

Amidst a crowded blockchain landscape, Horizen EON Network distinguishes itself through relentless innovation and a steadfast commitment to user-centricity.

Horizen EON Network in Numbers

According to DeFiLlama, EON has witnessed a surge in TVL, currently standing at 5.21M. Its native token, $ZEN, is valued over $14 as of March 2024. There are over 650,000 ZEN staked, not counted on DefiLlama yet.

ZEN, the native token of the Horizen ecosystem, plays a pivotal role in the system’s economic framework. It is essential for staking, fees on verification and settlement layers, as well as gas at the Horizen EVM (EON) liquidity layer. Horizen expands ZEN’s utility, covering fees for accessing proof verification and settlement services, ensuring its centrality in the entire Horizen ecosystem.

Rubic x EON Network Collaboration

The integration was seamlessly facilitated by Archon Bridge, serving as the Cross-Chain provider, with Ascent Exchange & SpookySwap as the designated DEXes for On-Chain swaps. With Horizen EON Network becoming the 72nd chain in Rubic’s ecosystem, we’re furthering our mission to bridge the gap between L2s, EVM, and non-EVM networks on Rubic.

Join us as we embark on this exciting journey Horizen EON Network, empowering users with seamless cross-chain capabilities and unparalleled access to the world of decentralized finance.

Get Started with Rubic on Horizen EON and Win Big!

We’re kicking off a one-month campaign starting March 27th to celebrate the seamless integration of Horizen EON on Rubic. Complete on-chain & social tasks & get a unique OAT!

How to Participate:

It’s simple! Just follow these steps:

• Follow: Show some love! Follow both Horizen and Rubic on Twitter.
• Engage: Like and Retweet the official campaign announcement on Twitter to spread the word.
• Swap & Explore: Experience the power of Rubic by swapping to Horizen EON directly within the Rubic app.*

Currently, we facilitate cross-chain swaps using the Archon Bridge, enabling you to swap to Horizen EON from Avalanche or Ethereum seamlessly. Supported tokens include AVAX, ETH, WBTC, WZEN, USDT, USDC, DAI, and LINK.

Stay Updated! Keep an eye on our social media channels for exciting updates throughout the campaign. 

About Rubic. 

Rubic is the Best Rate Finder tool for crypto swaps, aggregating 70+ blockchains and testnets, and enabling swaps of 15,500+ assets with the best rates, highest liquidity, and transaction speeds — in one click, thanks to the integration of 220+ DEXs and bridges.

Users no longer have to roam across Web3 to compare rates and liquidity; they can make cross-chain and on-chain swaps of any available token to any other one on https://app.rubic.exchange/. Traders can also use Rubic within their MetaMask wallet, using an in-built snap which searches for the best rates for on-chain swaps: https://snaps.metamask.io/snap/npm/rubic-snap/. 

We also provide tools for dApps to enable cross-chain swaps. Rubic’s functionality can be implemented by any crypto project willing to become interoperable, with an easy-to-install widget and fully customizable SDK.

About Horizen 

Launched in 2017, Horizen is a proof verification network that makes settlement cost-effective for modular blockchain stacks. Horizen redefines the blockchain infrastructure, enabling Layer 2 platforms to scale effectively and sustainably in the competitive Web3 ecosystem. 

This offering stands next to Horizen EON, an EVM-compatible smart contracting execution layer within the Horizen ecosystem. EON allows developers to efficiently build and deploy decentralized applications on Horizen while benefiting from EVM compatibility. Our mission is to provide the best experience for developers so they can focus on what they do best, building. As a thought leader in the space, we intend to help conceive the next generation of evolutionary dApps by providing a suite of tools and services that make building decentralized applications even easier. 

For more information on both products, visit https://www.horizen.io/