Singapore, Skate: Range Protocol Ushers in Era of Unified App Experiences

Range Protocol has launched Skate, the universal application layer that harnesses advanced on-chain trading infrastructure to empower apps to run seamlessly across numerous chains with a unified state. Designed with an intent-centric approach, Skate's eliminates application fragmentation, serving as a single hub for deploying and maintaining a singular smart contract version that seamlessly services users across diverse chains.

Singapore, Skate: Range Protocol Unveils the Dawn of Unified Application Experiences

Range Protocol, the trailblazing liquidity provisioning platform, has catapulted into the future with the launch of Skate, its groundbreaking universal application layer. Skate transcends the boundaries of blockchain fragmentation, enabling seamless app functionality across countless chains with a single, unified state.

In a paradigm shift for the multi-chain landscape, Skate empowers applications with a Universal Application Scope, a revolutionary concept that unlocks unprecedented freedom and efficiency. Essential applications will no longer be confined to individual chains, but instead collectively developed and maintained in a shared pool accessible to all chains, regardless of their underlying Virtual Machine environment. This paradigm shift eliminates the need for duplicative deployments, allowing users and developers to effortlessly interact with thousands of chains by accessing a single application instance.

Siddharth Lalwani, Co-Founder and CEO of Range Protocol, heralds this transformative moment:

"The modularity revolution has unleashed a surge of innovations, but these advancements have also brought forth challenges, particularly in the form of application fragmentation. Skate shatters these barriers by introducing the Universal Application Layer. This shared pool ensures that foundational application needs are met efficiently, empowering each chain to focus on cultivating unique, value-added services and laying the foundation for a modular future."

From Duplication to Innovation: One Skate, One State

Skate stands as the only intent-centric application layer in the blockchain ecosystem, empowering applications to traverse thousands of chains and diverse tech stacks simultaneously through a single interface. By eliminating the need for redundant deployments, Skate emerges as a central hub for deploying, developing, and maintaining a unified version of smart contracts, catering to users across a myriad of chains.

A pivotal innovation of Skate lies in its inherent interoperability, woven into the very fabric of its application logic. This defies the conventional approach of building apps first and retrofitting interoperability later. Skate ensures that all applications are engineered with interoperability as an intrinsic component, streamlining the development process and obviating the need for asset bridging. This holistic approach elevates the user experience, fostering a fluid, interconnected ecosystem where transactions and information flow effortlessly between chains.

Interoperability Transcends Blockchain Boundaries

Beyond the underlying interoperability networks, Skate will establish seamless connections with all blockchains through the Fast Finality Network. Secured by EigenLayer's actively validated service (AVS), this network enables Skate to transmit state attestations with minimal trust assumptions. This technological symphony orchestrates instantaneous cross-chain settlements, driven by intent, and minimizes slippage during trades, while shielding end-users from unnecessary complexities.

Securing the Modular Future: Backed by Web3 Pioneers

The launch of Skate has garnered the unwavering support of leading web3 players, including EigenLayer, Polygon, Manta, Axelar, Biconomy, Pendle, A41, Vertex, Navi, Galxe, and Pontem. This formidable alliance underscores the transformative potential of Skate and its unwavering commitment to securing the modular future of the web3 ecosystem.

The Skate team, forged by the same visionary financial engineers and web3 developers who conceived Range Protocol, brings an unparalleled depth of experience from industry titans like Altonomy, Point72, Bybit, Certik, and Citigroup. This launch follows Range Protocol's momentous $3.75M seed round, spearheaded by HashKey Capital and Nomad Capital, further solidifying its position as a driving force in the web3 revolution.

Skate's Testnet Campaigns: An Invitation to Innovation

In the coming months, Skate will extend a series of exclusive Testnet Campaigns, offering unique incentives to community members. To remain abreast of Skate's latest advancements and upcoming testnet initiatives, follow its Twitter handle @skateProtocol.

About Range Protocol and Skate

Range Protocol, anchored by its robust on-chain trading infrastructure, is the preeminent unified liquidity provisioning platform. Harnessing cutting-edge expertise and professional strategies, Range Protocol encompasses key DeFi asset classes through its vault offerings. By ingeniously blending the strengths of automated market makers (AMMs) and request-for-quote (RFQ) mechanics, Range Protocol empowers sound decision-making and optimized strategies for the next generation of investors, eliminating the need for intermediaries.

The Range Protocol team, a formidable collective of financial engineers and web3 developers with unparalleled crypto trading acumen, brings extensive experience from leading industry players such as Altonomy, Point72, Bybit, Certik, and Citigroup. The company's recent $3.75M seed round, led by HashKey Capital and Nomad Capital, serves as a testament to its unwavering commitment to shaping the future of decentralized finance.

Range Protocol's expansion into Skate marks a transformative moment in the blockchain landscape. Skate, the universal application layer, empowers applications to seamlessly traverse thousands of chains with a single state. Rooted in innovation, Skate delivers fast finality across all chains, secured by EigenLayer's actively validated service (AVS), and serves as a central hub for all code deployments. By decoupling assets from pricing, Skate introduces the revolutionary concept of a Universal Application Scope. Essential applications will be collectively developed and maintained in a shared pool accessible to all chains, regardless of their underlying Virtual Machine environment. This revolutionary approach addresses the fragmentation of dApps and chain liquidity in a modular web3 landscape, ensuring that foundational needs are met efficiently, enabling each chain to focus on developing unique, value-added services.

Contact Information

Skate / Range Protocol

[email protected]