Enso joins Stargate and LayerZero to launch a $3.5 billion liquidity one-click migration initiative to Unichain
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Enso joins Stargate and LayerZero to launch a $3.5 billion liquidity one-click migration initiative to Unichain
This move will redefine the industry standard for cross-chain asset transfers.
Navigating Web3 tides with focused insights
Zurich, Switzerland, May 1, 2024 — As the Web3 ecosystem continues to evolve, seamless cross-chain liquidity migration has become a critical need. A one-click migration solution jointly developed by Enso, Stargate, and LayerZero is poised to drive up to $3.5 billion in liquidity toward Unichain, redefining industry standards for cross-chain asset transfers.
As a leader in blockchain shortcuts, Enso is joining forces with top interoperability protocol LayerZero and the largest unified liquidity layer, Stargate, to orchestrate the largest-scale asset migration in Ethereum's history. This initiative will invite Uniswap v2/v3 liquidity providers (LPs) to migrate their positions on Ethereum and other EVM chains to Uniswap v4 on the Unichain network via a single click.
Traditional cross-chain migration involves a complex process of up to nine steps, creating friction that prevents most LPs from accessing the advantages of Uniswap v4. Enso’s innovative solution compresses this entire process into a single click, enabling a seamless, all-in-one operation for cross-chain bridging and redeployment of liquidity.
This breakthrough solution combines the technical strengths of all three parties: Enso builds the DeFi execution engine, Stargate provides native asset bridging support, and LayerZero ensures secure cross-chain message transmission, collectively guaranteeing safety and seamlessness throughout the liquidity migration process.
Connor Howe, co-founder of Enso, stated: "By building this integrated solution together with Stargate and LayerZero, we’ve completed the final piece of the liquidity migration puzzle. Uniswap LPs are about to trigger the most spectacular liquidity movement in Ethereum’s history with just one click."
Enso’s infrastructure is designed to eliminate integration friction across multiple protocols, transforming complex multi-step transactions into easy-to-use "blockchain shortcuts" accessible to both developers and end users. The newly launched LP migration tool represents the best practice of DeFi composability applied to multi-billion-dollar scale on-chain liquidity movements.
About Enso
Enso offers the fastest way to build and launch on-chain applications. Its blockchain shortcut system and execution engine allow developers to integrate smart contracts without manual coding. All on-chain interactions are mapped to a shared execution layer, enabling users to focus on product innovation and ecosystem growth rather than underlying complexity.
About Stargate
As a fully composable native asset bridging protocol, Stargate enables instant finality for cross-chain liquidity transfers. Built on LayerZero, the protocol connects over 50 blockchains, delivering frictionless interoperability experiences across the DeFi landscape.
About LayerZero
As a leading infrastructure provider for cross-chain interoperability, LayerZero enables secure transfer of data and digital assets across chains. Its trustless omnichain interoperability protocol has been adopted by leading institutions such as Paxos, PayPal USD, and Google Cloud, currently securing 70% of stablecoin market cap and cross-chain messages, safeguarding over $100 billion in cumulative asset value. Its OFT standard significantly simplifies liquidity management, eliminates asset fragmentation, and supports seamless integration across more than 130 blockchains.
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