Crypto lending and stablecoin provider TrustToken acquires Web3 dev firm EthWorks

Forum 2 years ago

Crypto lending and stablecoin provider TrustToken acquires Web3 dev firm EthWorks

TrustToken, the creators of TrueFi, an unsecured lending protocol, and maker of in style stablecoins together with TrueUSD, lately introduced the purchase of EthWorks, a Web3 construction corporate with a deep portfolio of a success blockchain tasks.

Known as a number one Web3 engineering company, EthWorks has been a TrustToken spouse for greater than a yr and contributed to the improvement of many broadly followed layer-1 blockchains and DeFi protocols. This acquisition doubles TrustToken’s staff dimension, and quadruples the corporate’s technical ability and brings in senior technical and design management to take TrustToken’s construction plans to the following stage.

“AS TRUSTTOKEN MATURES AND EXPANDS, WE WANT TO MAKE CERTAIN OUR SERVICES ARE A FEW OF THE MAXIMUM TOUGH, SECURE, AND OBTAINABLE WITHIN THE BLOCKCHAIN BUSINESS. THE PURCHASE OF ETHWORKS AND ITS WORLD-CLASS STAFF OF ENGINEERS AND ARCHITECTS IS AN IMPORTANT FOR THE WAY FORWARD FOR TRUEFI, SERVING TO US SCALE THE RATE, SAFETY, AND ENJOY OF THE PROTOCOL WHILST DEVELOPING THE BEST IMAGINABLE ALTERNATIVES FOR OUR LENDERS, DEBTORS, AND TOKEN HOLDERS.”
– RAFAEL COSMAN, CEO OF TRUSTTOKEN

EthWorks has labored with the Ethereum Basis, Bitcoin.org, Maker DAO, Polkadot, Dharma, and extra. The EthWorks staff will absolutely combine into TrustToken’s group of workers and sign up for the technical, design, and operational roadmap throughout all services, with a different center of attention on scaling the TrueFi protocol.

In onboarding the EthWorks staff, the TrustToken staff is rising to over 100 individuals and considerably expands the corporate’s engineering, design, and cybersecurity features. This new ability is predicted to considerably boost up TrustToken’s construction time table, person enjoy, and protocol safety around the corporate’s quite a lot of services. TrustToken will even care for and enlarge EthWorks’ open-source tasks together with Waffle and useDApp that are utilized by Ethereum builders globally.

The EthWorks’ engineering and design management will sign up for TrustToken in senior positions, guiding the corporate’s construction and branding efforts. The senior management staff will see Marek Kirejczyk, Founder and CEO of EthWorks, develop into Leader Technical Officer (CTO) of TrustToken.

Additional, EthWorks’ Head of Design, Natalia Kirejczyk, will suppose the placement of TrustToken’s VP of Design, whilst EthWorks’ CTO Krzysztof Jelski will develop into TrustToken’s VP of Engineering.

With this funding in senior ability, Poland is ready to develop into TrustToken’s number one engineering hub.

“WE’RE VERY EXCITED TO NOW BE A PART OF TRUSTTOKEN’S TALE. TRUEFI IS THE FASTEST-GROWING UNCOLLATERALIZED LENDING PROTOCOL IN DEFI. OUR BECOMING A MEMBER OF FORCES CREATES A NOVEL ALTERNATIVE TO BOOST UP EXPANSION AND CREATE AN EXCELLENT HAVE AN EFFECT ON WITHIN THE DEFI HOUSE – AND SHORTLY, ON THIS PLANET OF INSTITUTIONAL FINANCE.”
– MAREK KIREJCZYK, FOUNDER OF ETHWORKS