- Enso, Stargate and LayerZero to facilitate $3.5 billion worth migration to Unichain
- Exploring new frontiers for DeFi composability
By way of a wholly new one-click migration answer developed by Enso, Stargate and LayerZero, 10 digits of liquidity will likely be deployed to a novel L1 blockchain backed by top-tier DEX Uniswap. The operation is poised to set a brand new normal for cross-chain liquidity actions, contributors say.
Enso, Stargate and LayerZero to facilitate $3.5 billion worth migration to Unichain
In accordance with a joint official assertion by Enso, Stargate and LayerZero, three modern Web3 groups, they’re able to facilitate what might be the most important liquidity migration within the historical past of crypto. A complete of $3.5 billion in equal will migrate from Uniswap’s current EVM swimming pools to novel blockchain Unichain.
Enso, the main supplier of blockchain shortcuts, is collaborating with LayerZero, the main interoperability protocol, and Stargate, the most important unified liquidity layer to orchestrate this formidable migration, dubbed Unicorn Portal.
Up till now, transferring liquidity to Unichain has been a multistep course of, requiring as many as 9 levels to finish. This friction has deterred most LPs from transferring to Unichain to benefit from Uniswap v4. Enso’s answer permits the method to be accomplished in only one click on. In consequence, LPs can migrate, bridge and redeploy liquidity in a single hop.
The streamlined LP migration has been carried out with the shut collaboration of all three companions, with Enso dealing with DeFi execution and deployment. Bridging is facilitated by Stargate, with LayerZero relaying the messages throughout chains, making certain that liquidity is seamlessly and securely moved to Unichain.
Exploring new frontiers for DeFi composability
Enso cofounder Connor Howe welcomes the contributors of the migration and stresses its extremely modern and daring structure:
By engineering a unified answer with the assistance of Stargate and LayerZero, Enso has added the lacking piece to the puzzle. With the flexibility to switch their positions in a single click on, Uniswap LPs are about to set off one of many largest liquidity migration occasions in Ethereum historical past.
Enso’s infrastructure is designed to get rid of the friction related to integrating a number of protocols. It transforms complicated multistep transactions into “shortcuts” for the good thing about third-party builders and finish customers alike.
Enso’s LP migration instrument for transferring between EVM chains and Unichain represents a sensible demonstration of DeFi’s composability for seamlessly migrating billions of {dollars} in on-chain liquidity.