Enso To Unlock Unichain’s Potential With One-Click Liquidity Migration
The post Enso To Unlock Unichain’s Potential With One-Click Liquidity Migration appeared on BitcoinEthereumNews.com. Source: Depositphotos A collaboration between the blockchain composability startup Enso and cross-chain interoperability protocols Stargate Finance and LayerZero has opened the floodgates for billions of dollars in liquidity to flow from Ethereum into Uniswap’s dedicated Layer-2 network, Unichain. They’re making it dramatically easier for liquidity providers to shift their funds from the older Uniswap v2 and v3 platforms to Uniswap v4 on Unichain with the launch of a novel, one-click migration tool. The big promise is that it eliminates all of the hassles and worries of moving funds across decentralized networks. Enso says it has ambitions to orchestrate what could become one of the most consequential asset transfers in the history of Ethereum, potentially facilitating the transfer of more than $3.5 billion worth of crypto that’s currently deployed in Uniswap’s liquidity pools. They’re trying to encourage LPs on Uniswap v2 and v3 to move their capital to Uniswap v4 on Unichain, which launched its testnet in October, but has struggled to attract the kind of funds it’s designed to handle. Uniswap is expecting big things from Unichain, as the L2 has been specifically optimized to handle the insane transaction volumes seen on the world’s most popular decentralized exchange. Billed as a “Superchain L2”, it’s capable of processing thousands of transactions per second with sub-second finality and ultra-low costs, making it ideal for the demands of big-money DeFi traders. Unichain promises to lower transaction costs by up to 95% while providing an additional finality layer to eliminate the risk of conflict. Novel features include its 250 millisecond “sub-blocks” and improved transaction ordering transparency, enabling almost instantaneous swaps to boost market efficiency and stave off pesky MEV attacks. Unlocking Liquidity The performance benefits of Unichain are clear, but the vast majority of Uniswap users are yet to enjoy them, because the difficulty of…
The post Enso To Unlock Unichain’s Potential With One-Click Liquidity Migration appeared on BitcoinEthereumNews.com.
Source: Depositphotos A collaboration between the blockchain composability startup Enso and cross-chain interoperability protocols Stargate Finance and LayerZero has opened the floodgates for billions of dollars in liquidity to flow from Ethereum into Uniswap’s dedicated Layer-2 network, Unichain. They’re making it dramatically easier for liquidity providers to shift their funds from the older Uniswap v2 and v3 platforms to Uniswap v4 on Unichain with the launch of a novel, one-click migration tool. The big promise is that it eliminates all of the hassles and worries of moving funds across decentralized networks. Enso says it has ambitions to orchestrate what could become one of the most consequential asset transfers in the history of Ethereum, potentially facilitating the transfer of more than $3.5 billion worth of crypto that’s currently deployed in Uniswap’s liquidity pools. They’re trying to encourage LPs on Uniswap v2 and v3 to move their capital to Uniswap v4 on Unichain, which launched its testnet in October, but has struggled to attract the kind of funds it’s designed to handle. Uniswap is expecting big things from Unichain, as the L2 has been specifically optimized to handle the insane transaction volumes seen on the world’s most popular decentralized exchange. Billed as a “Superchain L2”, it’s capable of processing thousands of transactions per second with sub-second finality and ultra-low costs, making it ideal for the demands of big-money DeFi traders. Unichain promises to lower transaction costs by up to 95% while providing an additional finality layer to eliminate the risk of conflict. Novel features include its 250 millisecond “sub-blocks” and improved transaction ordering transparency, enabling almost instantaneous swaps to boost market efficiency and stave off pesky MEV attacks. Unlocking Liquidity The performance benefits of Unichain are clear, but the vast majority of Uniswap users are yet to enjoy them, because the difficulty of…
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