- The EOS Network Foundation has announced the release of EOS EVM v0.50, the first major update to the EOS EVM.
- The update will enable new yield-growing opportunities for DeFi investors.
- EOS EVM v0.50 also includes other updates that are set to make EOS even more optimized for DeFi.
What could be greater EOS news This week, the community is celebrating a new milestone for the blockchain network – the release of EOS EVM v0.5.0.
On Wednesday, the EOS Network Foundation (ENF) announce The issuance reached completion today, revealing new liquidity benefits to the ecosystem through the merger of yield + liquidity.
EOS EVM v0.50 also includes major updates on network optimization and user experience improvements for the EOS developer community.
First major update to the EOS EVM
V0.50 is the first major release of the EOS EVM since the EOS Network Foundation, the main developers of EOS (EOS), launched the mainnet of the EOS Ethereum Virtual Machine. Launch the trial version live gone In mid-April, around the same time Ethereum 2.0 Activate Shabella’s upcoming promotion.
The developers of the EOS EVM for Solidity enabled interoperability between EOS and Ethereum and marked an important step for the further growth of the EOS network.
EOS EVM v0.50 brings yield + liquidity to the ecosystem
With the EOS EVM v0.50, DeFi traders can now access more dApps and take advantage of new cropping opportunities.
Yield+ brings a liquidity rewards program that will not only attract more DeFi dApps to EOS but also help increase the Total Value Locked (TVL). The program was unveiled in August and has seen dApps rewarded in the form of tokens, with the total value of the deposits you bring into the EOS ecosystem based on the amount.
For all the details on DeFiLlamaEOS currently has $98 million in TVL, which is a fraction of the $27 billion in TVL on Ethereum.
What are the other major updates to the EOS EVM v0.50?
Apart from Yield+, the EOS EVM also provided several updates on optimization, performance, and user experience. Updates include support for read-only transaction execution, removal of advanced execution, updated “inevm” table, and modification of the pull action.
ENF says code completion for EOS EVM v0.50 now allows EOS engineers to strategize for a testnet for smart contract promote. This testnet is currently under development and will pave the way for mainnet deployment.
A roadmap highlighting upcoming key milestones for EOS will also be released soon, as developers, dApps, and DeFi investors are likely to benefit greatly from the new capabilities and opportunities.