The Ultimate Yield Farming Guide For Milkomeda

They say the future is interoperable — where everything is interconnected. This might be true, and the next project we want to overview is the one that helps make that true.

Today, we are looking into Milkomeda and everything it concerns. Keep on reading to learn what this project brings to the table!

Check out our video – Everything you MUST know about Milkomeda

Milkomeda is an L2 protocol that aims to interconnect several leading blockchains while offering an alternative solution to their scaling. By leading blockchains, we mean Cardano, Solana, and Algorand, for now.

As you can see the project focuses on non-EVM projects, aiming at bringing them to mass adoption, by offering EVM-based sidechains.

How does it work?

Milkomeda sidechain enables interoperation by creating sidechains that are connected to the respective L1 chains. They will use their cryptocurrency as their base asset, however, and in such a way bring more exposure to the project and the token itself.

Regarding DApps, developers can deploy a smart contract on the sidechain from the connected virtual machine or from the blockchain. This smart contract will become available for the L1 chain users, who can interact with it on the sidechain.

Let’s take the Cardano blockchain, for example — Milcomeda is already connected to it. This means that Cardano users can seamlessly use smart contracts that are based on other chains and written in coding languages other than Plutus.

The Milkomeda protocol offers several sidechains, which will allow developers to write smart contracts in the languages they are familiar with, for example, Solidity, and deploy them on multiple chains. This means they don’t have to learn Haskel and Plutus to build on top of Cardano, thus lowering the barrier to entry for developers, and increasing their number on Cardano. This way MIlkomeda boosts the growth of the L1 network — in this case Cardano.

Milkomeda provides non-EVM ecosystems the ability to inherit key elements such as rollups and Solidity support from EVM-based ecosystems.

As far as security goes, multi-chain deployed code has the same security properties, eliminating the need to do individual audits per chain.

“Milkomeda protocol offers non-EVM based blockchains numerous benefits, targeting everyone from end-users to developers. Integration into new ecosystems benefits the L1 blockchain’s native currency as it gains usefulness as the base asset of the sidechain. Users will have the opportunity to try out dApps written in previously unsupported smart contract language, deployed on a sidechain, and coordinated directly from the main chain via wrapped smart contracts.” — states the team in their official documents.

The company is called dcSpark, and it creates products and solutions for cryptographic projects. Apart from Milkomeda, they are working on other projects like Flint (A multichain Web3 wallet), and Urbit Visor / UV Ecosystem (which allows transforming your web browser into a…