Wellfield Technologies Inc. announced significant developments launching key initiatives exclusively within the Optimism ecosystem, a leading Ethereum Layer 2 (L2) solution. These initiatives, which have been in active development for some time, include the imminent rollout of Wellfield's tokenized gold ecosystem, a strategic upgrade of the Tradewind Ledger, Coinmama's self-custody wallet, and Wellfield's decentralized finance (DeFi) protocols. Wellfield's strategic decision to invest in the Optimism Superchain ecosystem aims to lay the foundation for significant scale, leveraging shared network effects and a constantly improving development stack with leading networks like Coinbase's Base and others. Tokenized Gold Ecosystem: Wellfield Technologies Inc. is set to launch wGLD, tokenized gold on Ethereum, distinct from the Tradewind Ledger and VaultChainTM Gold which is only accessible onchain by the Royal Canadian Mint's Custodial Participants. This initiative, aimed at creating a globally accessible, highly liquid suite of gold-based decentralized finance (DeFi) solutions, will live exclusively on the Optimism Superchain. Tradewind Ledger Upgrade: Wellfield Technologies Inc. is enhancing the Tradewind Ledger, a real- world-asset tokenization platform with VaultChainTM Gold. This upgrade sees the enterprise blockchain, which currently secures ~$130 million of digitized precious metals, shift to a new L2 solution based on Optimism's OP Stack to support a suite of onchain trading and lending solutions. Coinmama's Self-Custody Wallet: Slated for release in summer 2024, the Coinmama Mobile App offers the perfect mix of simplicity and security, combining Fireblocks' non-custodial wallet-as-a-service
with the Optimism Superchain. Supporting Bitcoin and with exclusive integration of the Optimism Superchain, Coinmama customers bypass complexities and high fees on the Ethereum Mainnet to instantly access user-friendly DeFi on Optimism. Innovative DeFi Protocols by Wellfield: Apart from digital gold initiatives, Wellfield is set to launch two transformative crypto-centric DeFi protocols: a liquidity management protocol enhancing LP positions on Uniswap, and a protocol for leveraging Bitcoin's value in DeFi automatically and securely. Both will be natively deployed on the Optimism Superchain, with rollouts planned for the second half of the year.