TL;DR
- DWF Labs, a market maker for crypto projects, joins Conflux Network as a PoS node operator to support its growth and development.
- Conflux Network is a fast, secure, and interoperable blockchain platform that supports Ethereum-compatible smart contracts and cross-chain transfers.
- The partnership between DWF Labs and Conflux Network will bring more liquidity, trading, and innovation to the crypto industry.
DWF Labs, a popular market maker that provides liquidity and trading solutions for various crypto projects, has revealed that it has joined the Conflux Network as a PoS node operator. The announcement was made on X on February 5, 2024, where DWF Labs stated that it was “excited to support the growth and development of the Conflux ecosystem”.
Thrilled to announce that we have launched a Proof of Stake (PoS) Node on the @Conflux_Network to further our belief and support for the project’s long-term value in BTC-asset innovation.
This launch of the PoS Node will support Conflux’s mission to innovate within the Bitcoin… pic.twitter.com/P7MiufB4bL
— DWF Labs (@DWFLabs) February 6, 2024
Conflux Network is a next-generation blockchain platform that aims to achieve high throughput, low latency, and cross-chain interoperability. Conflux uses a novel consensus algorithm called Tree-Graph, which combines the benefits of a DAG (directed acyclic graph) structure and a Nakamoto consensus. This allows Conflux to process up to 6,000 transactions per second (TPS) while maintaining a high level of security and decentralization.
Conflux also supports smart contracts and decentralized applications (DApps) that are compatible with the Ethereum Virtual Machine (EVM), making it easy for developers to migrate their existing projects or create new ones on Conflux.
Moreover, Conflux has a built-in cross-chain protocol called ShuttleFlow, which enables the seamless transfer of assets and data between Conflux and other blockchains, such as Bitcoin, Ethereum, Binance Smart Chain, and Huobi ECO Chain.
How DWF Labs Will Benefit from Conflux Network
By launching a PoS node on Conflux, DWF Labs will be able to participate in the network governance and earn rewards for validating transactions and securing the network. DWF Labs will also be able to provide more liquidity and trading opportunities for the Conflux native token (CFX) and other tokens issued on Conflux, such as cUSDT, cETH, and cBTC.
DWF Labs is not the only market maker that has shown interest in Conflux. In January 2024, Wintermute, another prominent market maker in the crypto industry, also announced that it had become a PoS node operator on Conflux. Wintermute stated that it was “impressed by the technology and vision of Conflux” and that it was “looking forward to contributing to the growth of the Conflux ecosystem”.
The partnership between Conflux and DWF Labs is expected to bring more value and innovation to the crypto space, as both parties share a common vision of creating a more open, inclusive, and efficient blockchain economy. DWF Labs said that it was “honored to be part of the Conflux family” and that it was “ready to explore the endless possibilities of the Conflux Network”.
