Kroma Announces Spectrum’s Launch Alongside Expansion Plans

Kroma
has
unveiled
the
highly
anticipated
launch
of
Spectrum,
an
advanced,
native,
staking
service
that
aims
to
revolutionize
the
Ethereum
Layer-2
landscape.
Spectrum
will
commence
operations
on
the
14th
of
May,
2024,
and
is
designed
to
provide
users
with
an
opportunity
to
leverage
the
potential
of
staking ETH,
stETH,
and
eETH.
By
doing
so,
Spectrum
empowers
users
to
earn
more
within
the
decentralized
finance
(DeFi)
sector.

Revolutionizing
DeFi

The
launch
marks
a
significant
milestone
in
the
overall
advancement
of
DeFi,
as
it
introduces
spETH,
which
is
a
proprietary
risk
taking
token
meant
for
synthetic
assets.
When
users
utilize
spETH,
they
gain
the
ability
to
maximize
the
liquidity
for
their
respective
staked
Ethereum
assets,
while
simultaneously
being
given
access
to
a
wide
range
of
trading
opportunities
as
well
as
additional
earning
chances
across
the
extensive
DeFi
protocols
and
applications
within
the
platform.

Spectrum
has
already
garnered
widespread
acclaim
after
successfully
onboarding
renowned
decentralized
applications
(dApps)
like
Standard
Protocol,
Light
Bank,
Layer
Bank,
Shoebill,
Zapanki
Swap,
Wellxy,
PrixmSwap,
and iZUMi
Finance. This
integration
is
vital
because
it
sets
the
stage
for
further
expansion
down
the
line
as
Spectrum
looks
to
continue
its
innovative
efforts
towards
integrating
additional
dApps
going
forward.

How
Is
Spectrum
Any
Different?

In
terms
of
how
Spectrum
sets
itself
apart
from
various
traditional
staking
platforms,
it
has
introduced
the
innovative
‘Hexa
Reward’
aspect,
which
provides
a
total
of
six
rewards
that
also
includes Ethereum
APR,
restaking
rewards,
EigenLayer
Points
for
staking
Ethereum
assets,
Etherfi
loyalty
points,
KSP
(Kroma
Spectrum
Point),
and
wemix.e
airdrop.
Kroma
will
airdrop
40,000
wemix.e
based
on
accumulated
KSP
to
users,
providing
a
new
type
of
re-staking
reward.
This
benefit
further
underscores
why
Kroma
is
attracting
significant
attention
from
both
the
industry
and
users.

Spectrum’s
unique
infrastructure
has
already
drawn
a
lot
of
attention
as
the
platform
looks
to
position
itself
as
a
frontrunner
in
DeFi.
Furthermore,
Spectrum
ecosystem
participants
are
also
rewarded
with
the
KSP,
otherwise
known
as
Kroma
Spectrum
Points.
These
are
attainable
by
holding
spETH
or
by
engaging
in
spETH-integrated
device
services
and
games
on
Kroma.
KSP
will
also
eventually
be
exchangeable
for
KRO
tokens
once
they
are
released.

Lastly,
in
order
to
commemorate
the
launch,
Spectrum
has
announced
that
it
will
host
a
special
two
week
early
access
event
which
will
double
KSP
points
in
order
to
enhance
rewards
for
stakers
on
the
platform.
Meanwhile,
Kroma
remains
steadfast
in
its
dedication
to
working
alongside
other
high-quality
projects
in
order
to
further
expand
Spectrum’s
growing
ecosystem.

About
Spectrum

Spectrum is
Kroma’s
native
staking
solution
that
allows
for
high
payouts
through
restaking
while
leveraging
staking
tokens
in
a
wide
range
of
games
and
DeFi
ecosystems
on
Kroma.
By
operating
on
the
Layer-2
blockchain
platform, Kroma is
able
to
address
the
well-known
scalability
challenges
associated
with
Ethereum
while
simultaneously
ensuring
reliable
security
as
well
as
decentralization
standards.
Initially
adopting
an
Optimistic
Rollup
with
zkEVM,
Kroma
shall
ultimately
transition
to
a
full
ZK
Rollup
model.

For
more
information
about
Spectrum
and
Kroma,
visit
the official
website alongside
the Medium, Discord (Link
updated), and X channels
for
regular
updates.
There
is
also
a Referral
Program for
those
who
are
interested.

Disclaimer: The
information
provided
in
this
press
release
is
not
a
solicitation
for
investment,
nor
is
it
intended
as
investment
advice,
financial
advice,
or
trading
advice.
It
is
strongly
recommended
you
practice
due
diligence,
including
consultation
with
a
professional
financial
advisor,
before
investing
in
or
trading
cryptocurrency
and
securities.