Blockchain Finance Fintech News

Saga Unveils Liquidity Integration Layer to Solve Liquidity Fragmentation for Scaling

Saga Unveils Liquidity Integration Layer to Solve Liquidity Fragmentation for Scaling

New layer provides instant interoperability, fosters automatic composability

Saga, the Layer 1 blockchain protocol to launch Layer 1s, today unveils its Liquidity Integration Layer (LIL). The LIL introduces instant access to liquidity in a unified UX between Saga gaming, DeFi, entertainment and other apps, as well as Saga and other protocols.

Saga’s LIL merges node infrastructure and liquidity management into a single, comprehensive product. This unified approach, where both block production and liquidity needs are designed and controlled by the same stack, differentiates Saga from other solutions. The Layer 1’s chainlets are automatically provisioned with permissionless bridging and will immediately connect to the LIL to serve as a liquidity hub, granting instant access to tokens, services, and applications across other chainlets and ecosystems connected with Saga. This holistic design ensures ease of use and practical scalability for developers across various sectors of the blockchain industry.

“Although solutions like chain abstraction and aggregators have tried to solve the persistent issue of liquidity fragmentation, they often require complex manual setups, creating poor developer and user experiences,” said Jin Kwon, Co-founder of Saga. “Saga’s LIL provides developers with a streamlined, efficient and powerful tool for achieving true composability and scalability simultaneously.”

Read More4 Trends Influencing Digital B2B Payments

Key Components of LIL:

  1. Automatic Bridges: Seamless setup and free, gasless operation of bridges within the Saga
  2. Router (LIL Chainlet): Centralizes and simplifies liquidity routing, simplifying access to external ecosystems already connected to Saga
  3. Packet-Forwarding Middleware: Facilitates multi-hop bridge transactions
  4. Cross-Chain Smart Contract Calls: Enables automatic cross-chain execution of transactions across different chainlets and any EVM chain outside of Saga

Given Saga’s vast ecosystem – currently encompassing 380 projects, many of which are already live, and three flagship game titles to be released this summer – Saga’s LIL will have immediate asset flow at launch.

Read More : Global Fintech Series Interview with Daniel Muller, CEO of Aeropay

[To share your insights with us, please write to psen@itechseries.com ]

Related posts

Trive South Africa, the New Investment Company, Begins Client Onboarding

Fintech News Desk

Aliaswire Joins Phixius, Nacha’s Peer-to-Peer Data Exchange Network

Fintech News Desk

Banking as a Service Platform Omnio Announces New Partnership for Its Credit Union Business KESHO

Fintech News Desk
1