The Future of Blockchain Liquidity: Migaloo Zone & Backbone Labs Ignite a Revolutionary Defi/NFT Partnership

Backbonelabs
3 min readApr 9, 2023

Fasten your seatbelts and prepare for takeoff, as Backbone Labs and Migaloo Zone forge an electrifying partnership set to supercharge blockchain liquidity and unleash a DeFi/NFT revolution!

Are you ready to be part of this game-changing Web3 adventure? Read on!

Backbone Labs: Pioneering a Multichain Future

At Backbone Labs, our dedication to the web3 world of Defi and NFTs propels us to establish a strong presence in the Cosmos ecosystem and beyond. We firmly believe in the potential of a multichain future, where interoperability and cross-chain collaboration are key to unlocking the full potential of decentralized technologies.

Our products, such as Gravedigger, exemplify our commitment to this vision, as they are now live across multiple ecosystems (Migaloo, Terra, Chihuahua, Juno, and more in testnet). By embracing a multichain approach, we ensure that our users can seamlessly access and benefit from our innovative DeFi solutions, regardless of the blockchain they operate on.

As we expand our reach, we actively explore partnerships and integrations with other leading projects in the space, fostering a more interconnected and resilient Web3 landscape.

Migaloo Zone: Advancing Interchain Vision

Migaloo Zone is a permissionless, open-source network for decentralized interoperable applications. They are focused on the Interchain Vision, a potential solution for scalability issues caused by the increasing number of transactions on blockchains. Migaloo Zone recognizes the challenges that arise with the interchain future, such as market inefficiencies, capital inefficiencies, and centralized market making.

Their solution, White Whale native satellite hubs connected through the Migaloo blockchain, address these issues by providing interchain infrastructure, flash loan vaults, and open-source arbitrage bots. The ultimate vision of Migaloo Zone is to create an interchain liquidity protocol that provides infrastructure-as-a-service for interchain liquidity flows and price stability. Efficient fractionalized liquidity.

Partnership: Unleashing the Power of NFTs on Migaloo Zone

The partnership between Backbone Labs and Migaloo Zone is poised to revolutionize blockchain liquidity and interchain collaborations. Our combined expertise in multichain DeFi/NFT technology and Migaloo Zone’s innovative approach to interchain liquidity will usher in a new era of decentralized finance.

One of our first initiatives together is to launch an exclusive NFT collection on the Migaloo blockchain, managing the Gravedigger and establishing the first NFT marketplace. This groundbreaking project fuses DeFi products with NFT communities to provide sustainable solutions and unlock unprecedented opportunities for creators, collectors, and investors. Our aim is to seamlessly integrate this initiative into the dynamic and ever-evolving Migaloo Zone ecosystem.

Backbone Labs’ unique approach to utilizing NFT communities for governing the LSD protocol sets us apart from other projects in the space. We believe in community earning and real yield systems. We prioritize autonomy and resilience in our quest to revolutionize DeFi, and our model is designed to be self-sustaining, without relying on third-party emissions.

The success of our approach is exemplified by the launch of Terra Gravedigger, managed by Skeleton Punks. It is the top-collection with a total transaction volume of 109,000 LUNA, demonstrating the immense potential of our vision. As we embark on this exciting journey, we remain committed to our core principles of interoperability, cross-chain collaboration, and user-centric innovation.

(NFT stats by TFM.com)

In conclusion, the partnership between Backbone Labs and Migaloo Zone is set to transform the world of decentralized finance, NFTs, blockchain liquidity, and interchain collaborations. Together we are laying the foundation for a more sustainable and inclusive DeFi ecosystem with the launch of our cutting-edge GraveDigger managing NFT collections and marketplace on the Migaloo blockchain.

Join us as we embark on this thrilling adventure and witness the future of blockchain technology unfold before our very eyes. Stay tuned for a follow-up Medium article where we’ll reveal more in-depth details about the partnership.

The excitement is just beginning!

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