StarkWare Unveils Caspian Layer 2 DEX to ‘Defrag’ Liquidity

2021-4-5 11:37

Ethereum Layer 2 solutions provider StarkWare is planning to launch its own automated market maker dubbed Caspian.

In an announcement on April 4, the Ethereum scaling solutions provider unveiled a new decentralized exchange (DEX). Its goal is to address capital efficiency in the DeFi ecosystem.

The company stated that there is a risk of liquidity becoming fragmented between Layer 1 and multiple Layer 2 solutions. The new AMM has been designed to keep the liquidity on Layer 1. This should result in defragmented liquidity and better capital efficiency.

StarkWare is the latest blockchain firm to launch a DEX into the already crowded market place.

L2 AMMs risk fragmenting L1 liquidity. Liquidity hates fragmentation.

Presenting Caspian: A new L2-powered AMM design.
Liquidity remains on L1: no fragmentation, better capital efficiency, another DeFi Legohttps://t.co/tTDuOoSnDU

— StarkWare (@StarkWareLtd) April 4, 2021 A DEX with a difference

The blog post pointed out that L2 automated market maker (AMM) designs entailed moving the entire DEX to L2. This includes liquidity, which results in undesirable fragmentation of L1 liquidity.

Caspian allows bridging liquidity on L2 while remaining unfragmented on L1. It has an off-chain “Operator” which processes batches of L2 trades. It’s the sole entity trading against an L2-powered AMM contract on L1.

“It mimics the contract’s logic, and offers trade quotes based on the state of the AMM at the beginning of the batch, and the subsequent L2 trades included in the batch.”

The Operator settles all trades at the end of the batch by executing the difference against the L2 DEX contract.

The L2 StarkEx platform will also add two new features, L1 limit orders and something called batch-long flash loans. The batch-long flash loan is effectively a flash loan that isn’t limited to a single transaction.

It extends for the duration of a batch instead, offering the Caspian Operator the ability to mint tokens on L2, as long as these tokens are burned by the end of the batch.

For liquidity providers, there’s no difference between L1 and L2 as they interface with the AMM via L1 smart contracts.

There was no mention of an official launch date or governance token.

Volumes hit new records

DEX trading volumes have already hit new highs in Q1 2021. So, there is definitely room for more in the burgeoning financial landscape.

As reported previously by BeInCrypto, daily DEX volumes doubled during the period. They averaged over $2 billion in Q1 2021 compared with sub-$1 billion averages in Q4 of 2020. A surge in Binance Smart Chain usage has also been a contributing factor.

The post StarkWare Unveils Caspian Layer 2 DEX to ‘Defrag’ Liquidity appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

UniLayer (LAYER) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.1105
Капитализация $0 Rank 99999
Цена в час новости $ 0.1823 (-100%)

layer solutions liquidity dex address stated company

Источник: beincrypto.com

layer solutions → Результатов: 62


Polkadot vs. Polygon: Understanding Two Prominent Second Layer Ethereum Blockchain Solutions

The meteoric rise of decentralized finance across 2020 exposed numerous vulnerabilities with the Ethereum network. While the Ethereum blockchain is one of the most secure and ‘battle-hardened’ infrastructures, high gas costs and scalability issues have led some projects to innovate instead of waiting for the long-desired Ethereum 2.

2021-2-24 21:06


Matic Network Strategically Rebrands to ‘Polygon’ in a Bid to Build the Best Ethereum Layer 2 Solutions

Matic Network rebrands to ‘Polygon’ and expands their strategic technological mission of providing faster layer 2 solutions for Ethereum blockchain. Polygon, formerly Matic Network, announced its pivoting in a shift to enable Ethereum to compete with its rival, Polkadot, by building robust, fast and efficient multi-chain solutions.

2021-2-11 00:41


Layer-2 Uniswap Port Launched to Quell Rising Gas Costs

A port of the Uniswap exchange has been launched, not to leech liquidity like those before it, but to provide scaling solutions for faster and cheaper transactions and token swaps. Ethereum scaling solutions provider Offchain Labs has announced its own port of Uniswap called Arbiswap which demonstrates Layer 2 (L2) scaling solutions for the world’s […] The post Layer-2 Uniswap Port Launched to Quell Rising Gas Costs appeared first on BeInCrypto.

2020-11-6 10:29


Tether to Add Layer 2 Solution, ZK-Rollups, to Reduce Congestion On Ethereum’s Network

Tether announces plans to integrate ZK-Rollups, a second layer solution using zero knowledge proofs to bundle up transactions as one to reduce the burden on Ethereum-based USDt transactions. Integration of Layer 2 solutions is becoming an ever growing concern for Ethereum users after the recent spike in gas fees in tandem with DeFi market growth.

2020-9-1 19:40


Vitalik Buterin states that the Ethereum Layer 2 scaling strategy is succeeding

The co-founder of Ethereum and the Ethereum Foundation, Vitalik Buterin, recently stated that Layer 2 scaling solutions are starting to show results. “While everyone wasn't looking,” Buterin tweeted, “the initial deployment of Ethereum's layer 2 scaling strategy has *basically* succeeded. What's left is refinement and deployment.”

2020-6-3 12:00


Crypto Payment Processor BitPay Sees More Use in Stablecoins than Layer-2 Solutions

Bill Zielke, BitPay’s Chief Marketing Officer, revealed on Thursday this week that the company was not planning to integrate the layer 2 Bitcoin channels. Bill explains that Bitcoin transactions dominate the customers’ preference hence no rush to switch despite the fees reaching highs of $7 after a 256% spike earlier in the month. The company […]

2020-5-30 22:47


NetCents integrating Lightning Network into crypto merchant payment gateway

NetCents, a cryptocurrency payments solutions provider, announced today that it is integrating the Lightning Network into its crypto merchant gateway. The Lightning Network is a “layer 2” payment protocol that operates on top of blockchain-based cryptocurrencies; enabling near-instant transactions with low or non-existent blockchain fees for users regardless of network congestion.

2020-2-6 18:48


Sidechains vs Plasma vs Sharding

Special thanks to Jinglan Wang for review and feedback One question that often comes up is: how exactly is sharding different from sidechains or Plasma? All three architectures seem to involve a hub-and-spoke architecture with a central “main chain” that serves as the consensus backbone of the system, and a set of “child” chains containing actual user-level transactions.

2019-6-14 04:03


What is Celer Network (CELR)? Complete Review and Guide For Beginners

Off-chain scaling has been one of the more popular solutions that are being considered for the issue of low throughputs on modern decentralized blockchains. Second layer platforms that would take most of the load off the actual blockchain can create an environment where it’s possible to exchange cryptocurrency in a fast, easy, and secure manner.

2019-3-29 03:13


Фото:

Op Ed: With Bitcoin, Anarchy Is the Point, Not the Problem

Last week, there was a panel at SXSW that was effectively a debate on the merits of permissioned blockchains versus permissionless systems like Bitcoin. I listened to the entire audio of the panel discussion, after Programming Bitcoin author Jimmy Song tweeted it out the other day, and I thought he did an awesome job of pointing out the key value proposition of Bitcoin and why it is not worth comparing to permissioned systems.

2019-3-23 17:29


Ethereum Price Analysis: ETH Make or Break Lies at $100

Finally, after a disappointment, Charles St. Louis has published a Constantinople postmortem report. Constantinople, as you may be aware by now, is the third upgrade in the Metropolis leading to the “ideal” Ethereum where consensus will be proof of stake complete with layer two solutions as Plasma as well as infusion of privacy features via […] The post Ethereum Price Analysis: ETH Make or Break Lies at $100 appeared first on Ethereum World News.

2019-1-29 15:00


Here’s Why the Bitcoin Community is Viciously Attacking Blockstream’s Bank 2.0 Liquid Network

Today we begin with three questions: Is Blockstream building solutions such as Liquid which rely on the government for protection of the fulfillment of contracts? And: Is Blockstream intentionally crippling the throughput on the base layer so that most traffic has to go through their second for profitability? And: "Just Use Fiat" pic.

2018-10-27 16:07


Фото:

DevCon 4 Will Set the Stage for Ethereum’s Next Milestone: Constantinople

Ethereum is embracing the Constantinople milestone at the end of November 2018, after DevCon4 in Prague. Constantinople is the latest Ethereum release, introduced through a hard fork, that will include five Ethereum Improvement Proposals (EIPs):Bitwise shifting instructions (EIP 145) in the Ethereum Virtual Machine (EVM) allow for direct manipulation of bytes on the EVM layer.

2018-9-11 18:15


Фото:

How LifeID Will Introduce Self-Sovereign Identity to the Globe [INTERVIEW]

Since the internet’s inception, users have given away personal information to websites without realizing that it could be kept in centralized storage and monetized without their consent. Democratizing Identity Layer Solutions Seattle-based LifeID is aiming to disrupt online identity by enabling individual users and blockchain networks to take ownership of their digital identities through a […] The post How LifeID Will Introduce Self-Sovereign Identity to the Globe [INTERVIEW] appeared first on CryptoSlate.

2018-9-5 18:00


дальше еще 13 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru