finbold.com
Ava Protocol, a leading Web3 infrastructure project, has launched its mainnet on Ethereum (ETH), introducing a new system for automating smart contract transactions, according to the latest information shared with Finbold on July 16.
The new development allows developers to make use of Ava Protocol’s transaction automation, privacy features, composability, and other features within their decentralized applications (dApps) across the Ethereum ecosystem.
Revolutionizing on-chain operations with autonomous transactions
Ava Protocol’s activation model revolutionizes on-chain operations through autonomous “super-transactions” based on specific triggers such as time, price changes, or smart contract updates.
This simplifies automation processes, reducing the technical barriers for developers and enhancing user experience.
Developers can rely on automated transactions without needing custom code, streamlining the development process.
Chris Li, Founder of Ava Protocol, expressed his enthusiasm for the launch, stating:
“With the support of our partners and community, we’ve reached a pivotal moment in our mission to deliver automated super-transactions on Ethereum. The launch of Ava Protocol’s mainnet will unlock new use cases for autonomous transactions that power smart contracts. We’re excited to showcase the versatility of EigenLayer’s AVS technology while addressing critical web3 automation challenges.”
EigenLayer AVS
The mainnet launch as an Actively Validated Service (AVS) on EigenLayer marks a new era for Ava Protocol, as AVSs are not confined by the limitations of the Ethereum Virtual Machine (EVM).
Ava Protocol delivers robust on-chain automation with reliable execution for time-sensitive and multi-step transactions, including features such as scheduled payments, stop-loss and limit orders, streaming rewards, and dynamic non-fungible token (NFT) minting.
Alex from EigenYields, a leading operator, likewise highlighted the significance of this launch:
“We see immense potential in Ava Protocol’s automated super-transactions, and are thrilled to provide a secure and resilient foundation for this innovative technology. This aligns with our mission to maximize value for our delegators by pushing the Ethereum ecosystem forward.”
Sam Shev, Ava Protocol’s Head of Marketing, further added:
“We’re excited to bring Ava Protocol’s technology to a live environment for the first time and to see what our community will build using super-transactions. Thanks to the EigenLayer operators who have joined us on this mission, Ava Protocol will launch with a strong foundation to anchor everything that comes next.”
Wrap-up
This mainnet launch follows a successful testnet phase, which saw 10,000 wallet participants and over 1,000 automated transactions generated each day.
Ava Protocol is one of the initial 15 projects to launch an AVS, utilizing pooled security from Ethereum validators through EigenLayer’s innovative restaking mechanism.
The protocol is launching with support from 20 top EigenLayer operators, including EigenYields, InfraSingularity, Kukis Global, Coinage, and Staking4All.
Ava Protocol plans to publish a detailed AP token incentive plan for initial operators soon.