The EOS Network Foundation (ENF) has announced the launch of EOS EVM v0.50, marking the first major update of EOS EVM. The update will enable new yield farming opportunities for DeFi investors, and also features a range of network optimization and user experience improvements.
EOS EVM v0.50, which was launched alongside the highly anticipated Ethereum 2.0 Shapella upgrade, is the first major version since the EOS Network Foundation released the EOS Ethereum Virtual Machine mainnet. This launch enabled interoperability between EOS and Ethereum, and is a significant step in the growth of the EOS network.
The new update brings Yield+ Liquidity to the ecosystem, enabling DeFi traders to access more dApps and tap into yield farming opportunities. Yield+ rewards dApps with tokens based on the total value of deposits they bring into the EOS ecosystem. Per DeFiLlama, EOS currently has $98 million in Total Value Locked (TVL), a small portion of the $27 billion in TVL on Ethereum.
In addition to Yield+, EOS EVM v0.50 also includes updates on optimization, performance, and user experience. These updates include read-only transaction execution support, removal of advanced execution, updated “inevm” table and modification to the withdraw action.
A roadmap highlighting upcoming key milestones for EOS will also be released soon, which is sure to benefit developers, dApps and DeFi investors alike.