Ternoa has just launched the mainnet of zkEVM+. This is an advanced EVM Layer 2 that’s specially designed for PayFi and DeFi applications.
It's built using the Polygon Chain Development Kit (CDK) and Avail Data Availability (DA). Ternoa worked with Zeeve RaaS on this project. They plan to achieve full compatibility with Agglayer in the first half of 2025.
This mainnet launch is exciting. It will kick off several PayFi projects on the platform. For example, in February, they will announce a decentralized consumer finance protocol. This service aims to reach one million retail users through 40,000 points of sale provided by a leading payment service provider in the Gulf region.
Additionally, there will be a DeFi agent wallet and a points farming campaign coming soon.
zkEVM+ is designed to meet the specific needs of the payments industry. It connects smoothly with the broader DeFi ecosystem. It’s incredibly fast thanks to Zero-Knowledge proofs. Plus, it’s cost-efficient with external data availability and trust-minimized through TEE integrity proofs. The connection to Agglayer helps tackle blockchain fragmentation, allowing sovereign chains to share liquidity, users, and state securely.
Osman Sarman from Polygon Labs shared, “Polygon CDK provides developers with a best-in-class zk tech stack. Ternoa building their decentralized security and privacy protocol via CDK is another great use case.”
Dr. Ravi Chamria, co-founder and CEO of Zeeve, added, “As an infrastructure partner, Zeeve is committed to providing Ternoa with a strong set of tools and integrations. This ensures streamlined deployment and easy management for their L2 zkRollup chain. We’ll help keep the ecosystem compliant and aligned with Ternoa’s goals.”
Mickael Canu, co-founder and CEO of Ternoa, emphasized, “We are building on four years of TEE research and development to launch this Layer 2 solution. Our goal is to solve the key challenges preventing the payments industry from moving on-chain.”