Skate: Unifying the Fragmented Web3 Landscape with Universal Application Layer

Skate, a universal application layer, has been launched to enhance web3 efficiency by resolving application fragmentation. Backed by industry leaders like EigenLayer, Polygon, and Galxe, Skate utilizes an intent-centric model to empower applications to operate seamlessly across thousands of chains. By unifying deployment and maintenance in a shared pool, Skate simplifies access to diverse chains and fosters a modular future for web3.

Skate: The Universal Application Layer Unifying the Fragmented Web3 Landscape

Singapore, April 3rd, 2024 - As the web3 ecosystem blossoms, the fragmentation of applications across multiple chains poses a significant challenge for developers and users alike. Range Protocol, a trailblazing liquidity provisioning platform, has unveiled Skate, the revolutionary universal application layer that empowers applications to operate seamlessly on thousands of chains with a single state.

Addressing Application Fragmentation

Skate is engineered with an intent-centric approach, recognizing the need for a unified hub where applications can be deployed, maintained, and accessed across all chains. This innovative solution eliminates the arduous task of deploying and maintaining separate instances of applications on each chain, enabling developers to focus on creating value-added services.

Universal Application Scope

At the core of Skate's design is the concept of Universal Application Scope. Essential applications are developed collectively and stored in a shared pool accessible to all chains, irrespective of their underlying Virtual Machine environment. This approach ensures that the foundational requirements of builders and users are met efficiently, allowing each chain to specialize in value-added services and foster a truly modular web3 ecosystem.

Interoperability Embedded in Logic

Unlike traditional approaches that prioritize the development of applications and integrate interoperability as an afterthought, Skate embeds interoperability within the application logic. This fundamental shift streamlines the development process, eliminating the need for separate bridging of assets. It also enhances the user experience by facilitating seamless transactions and data exchange across chains.

Fast Finality and Reduced Slippage

Leveraging the Fast Finality Network secured by EigenLayer actively validated service (AVS), Skate delivers instantaneous cross-chain settlements. This minimizes slippage during trades and simplifies the transaction process for users, removing unnecessary complexities.

Backed by Web3 Pioneers

Skate's launch is bolstered by the unwavering support of leading web3 players, including EigenLayer, Polygon, Manta, Axelar, Biconomy, Pendle, A41, Vertex, Navi, Galxe, and Pontem. This formidable coalition of partners underscores the industry's recognition of Skate's transformative potential.

Range Protocol's Expertise

The Skate team draws upon the deep expertise of the financial engineers and web3 developers behind Range Protocol, a unified liquidity provisioning platform covering key DeFi asset classes. Their extensive experience at companies like Altonomy, Point72, Bybit, Certik, and Citigroup brings a wealth of knowledge and innovation to the Skate project.

Upcoming Testnet Campaigns

In the coming months, Skate plans to launch Testnet Campaigns to engage the community and offer unique incentives. To stay informed about the latest developments, follow Skate on Twitter: https://twitter.com/skate_chain.

About Range Protocol and Skate

Range Protocol is a pioneering liquidity provisioning platform that harnesses advanced expertise and professional strategies to cater to key DeFi asset classes. By combining the advantages of automated market makers (AMMs) and request-for-quote (RFQ), Range Protocol empowers investors with sound decision-making and optimized strategies.

Underpinned by robust on-chain trading infrastructure, Range Protocol has expanded its vision with Skate, the universal application layer that empowers applications to run on thousands of chains with a single state. Skate addresses the limitations of legacy on-chain trading infrastructure, delivering fast finality across all chains and promoting cross-chain compatibility.

For more information, visit:

• Website: http://skatechain.org/
• Twitter: https://twitter.com/skate_chain

Contact

Skate / Range Protocol
range@wachsman.com