Skate AMM: Bridging the Gap Between Top Blockchains
Skate, a liquidity platform, has introduced a new automated market maker (AMM) protocol. This innovation allows users to interact seamlessly across various blockchain environments.
Skate AMM supports top virtual machine (VM) environments like Ethereum (ETH), Solana (SOL), and TON Blockchain (TON). It also works with Sui, Movement, and Eclipse VMs. This cross-VM capability is a important step for decentralized finance (DeFi). It could led to faster innovation and wider adoption.
Customary AMMs are limited to one blockchain. This causes issues like poor pricing and high slippage. Skate AMM solves this with a stateless design. It supports multiple chains and VMs, offering unified liquidity and pricing.
Users can access liquidity from any supported chain. This is made secure by services operators using the Ethereum restaking protocol Eigenlayer.
Skate AMM benefits traders with deeper liquidity and better pricing.Liquidity providers can enjoy higher capital efficiency and better fee revenue. this protocol will be available on Mantle, Hyperliquid, Berachain, Monad, Arbitrum, Story Protocol, Sonic SVM, SOON, ZKSync, and Aptos.
