This move will redefine the industry standard for cross-chain asset transfers.
May 1, 2024, Zurich, Switzerland — As the Web3 ecosystem continues to evolve, seamless cross-chain liquidity migration has become a key demand. The one-click migration solution co-developed by Enso, Stargate, and LayerZero is set to drive up to $3.5 billion in liquidity to migrate to Unichain, a move that will redefine the industry standard for cross-chain asset transfers.
As a leader in blockchain quick interactions, Enso is collaborating with top interoperability protocol LayerZero and the largest unified liquidity layer Stargate to orchestrate the largest asset migration in Ethereum's history. This plan will invite Uniswap v2/v3 liquidity providers (LPs) to migrate their positions on Ethereum and other EVM chains to Unichain's Uniswap v4 with a single click.
Traditional cross-chain migration requires a complex process of up to nine operational steps, and this friction cost makes it difficult for most LPs to enjoy the advantages of Uniswap v4. Enso's innovative solution compresses the process to a single click, achieving a one-stop operation for liquidity cross-chain bridging and redeployment.
This groundbreaking solution combines the technical strengths of the three parties: Enso is responsible for building the DeFi execution engine, Stargate provides native asset bridging support, and LayerZero ensures the secure transmission of cross-chain messages, collectively ensuring the safety and seamless experience of liquidity migration.
Connor Howe, co-founder of Enso, stated: "By building an integrated solution with Stargate and LayerZero, we have completed the final piece of the puzzle for liquidity migration. Uniswap LPs are about to trigger the most spectacular liquidity migration in Ethereum's history with a single click."
Enso's infrastructure is designed to eliminate friction in multi-protocol integration, transforming complex multi-step transactions into "blockchain quick commands" that can be easily invoked by both developers and end users. The LP migration tool being launched is the best practice of DeFi composability in the multi-billion dollar cross-chain liquidity migration.
About Enso
Enso provides the fastest on-chain building and publishing solutions, with its blockchain quick command system and execution engine allowing developers to integrate smart contracts without manual effort. All on-chain interactions are mapped to a shared execution layer, enabling users to focus on product innovation and ecosystem growth rather than underlying complexities.
About Stargate
As a fully composable native asset bridging protocol, Stargate supports instant deterministic transfers of cross-chain liquidity. Built on LayerZero, this protocol connects over 50 blockchains, providing a frictionless interoperability experience in the DeFi space.
About LayerZero
As a leader in cross-chain interoperability infrastructure, LayerZero enables the secure cross-chain transmission of data and digital assets. Its trustless full-chain interoperability protocol has been adopted by top institutions such as Paxos, PayPal USD, and Google Cloud, currently safeguarding 70% of stablecoin market value and cross-chain message volume, cumulatively protecting over $100 billion in 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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