Our CEO @alt_v0rtex speaking about modular blockchains at @SEABWofficial.
"We saw a bigger issue that on all these new chains ~90% of development efforts on the application level is spent on forking key components like a basic dex, lending markets etc."
Skate is building the infra that eliminates this duplication of efforts.
With Skate, app developers can focus on innovating and using the real functionality of modular ecosystems, whether its gaming, derivatives markets etc. 🛹🛹
So excited to announce our new chapter, @Range_Protocol is evolving to @skate_chain🛹.
What started as a quest to empower decentralized finance has grown into a movement for unification across thousands of blockchains.
Let's dive into how we're changing the game!
🧵 (1/7)
🛹 Today we skate on a new paradigm.
Meet Skate, the first universal application layer for all chains.
In a multichain world, we empower apps to run on 1000s of chains with one global state.
Time for a 🧵
For an in depth review, dig into our research article on finding the optimal range that can maximize LP's return in concentrated liquidity AMMs like @Uniswap
v3.
https://t.co/QZQOBYbgTe
We thank @cryptoricky_ALT from @NomadCapital_io for his guidance.