Backed by Delta Fund and the ConsenSys giant, how does the cross-chain protocol Inclusive Layer intend to participate? | CryptoSeed
The first official flagship cross-chain trading application Caishen is available for testing.Author: Grapefruit, ChainCatcher
"Cross-chain" has always been a necessary product in the crypto industry.
Recently, the cross-chain field has welcomed many positive developments. On February 19, the cross-chain asset wrapping protocol Universal announced the completion of a $9 million financing round led by a16z. Following this, on February 20, the Ethereum Foundation announced the launch of the modular cross-chain operation open-source framework Open Intents Framework, providing developers with powerful tools to build and deploy intent product experiences, further promoting the development of cross-chain technology.
On February 26, early Ethereum ecosystem participant, Delta Fund founder, and former ConsenSys Ventures partner Kavita Gupta publicly announced the launch of the cross-chain aggregation protocol Inclusive Layer. This protocol is centered around user intent and aims to break down the barriers between EVM and non-EVM ecosystems, providing users and developers with a more seamless cross-chain experience.
Intent-based Cross-chain Protocol, Unifying EVM and Non-EVM Ecosystems
Inclusive Layer is an intent-based cross-chain aggregation protocol aimed at achieving the organic unification of EVM and non-EVM ecosystems, creating a one-stop, comprehensive multi-chain interaction experience for users. Users can interact with multiple networks and protocols through a single, simple operating interface.
In terms of implementation, Inclusive Layer provides a "cross-chain unified liquidity aggregation layer between EVM and non-EVM chains" and an SDK for "account management, chain abstraction, and liquidity aggregation," allowing any developer to integrate with it for multi-chain deployment management of applications and assets.
In the current landscape of multiple chains coexisting, issues such as fragmented liquidity and the complexity of cross-chain interactions have not been effectively resolved. Inclusive Layer aims to address these industry pain points by creating an intent-based cross-chain aggregation platform that establishes liquidity aggregation between networks like Ethereum, Solana, Base, Polygon, or Arbitrum, enabling developers and users to complete all network deployments and interactions on a single platform.
Features and advantages of Inclusive Layer:
- One-stop API interface: With a simple and easy-to-use API, developers can easily access numerous mainstream blockchain networks such as Ethereum, Solana, and Bitcoin L2, greatly simplifying the development process and lowering technical barriers.
- Unified liquidity aggregation: It has integrated liquidity resources from top decentralized exchanges (DEX) and professional market makers, forming a large and efficient liquidity network, providing ample funding support and a high-quality trading experience for users and developers.
- Seamless multi-chain trading experience: Utilizing chain abstraction technology and an innovative gasless trading mechanism, it creates a seamless and smooth onboarding experience for users. Users do not need to understand the complex technical details of the underlying blockchains or worry about which gas fees to use, allowing them to easily embark on their cross-chain journey.
Specifically, the main benefits for developers integrating Inclusive Layer are reflected in the following aspects:
- Abstracting the complexity of multi-chain and multi-protocol interactions: It highly abstracts and encapsulates the complex interaction logic between different blockchain networks and protocols, allowing developers to quickly build cross-chain applications without delving into the underlying technical details of each chain and protocol, significantly reducing development difficulty and workload.
- Significantly reduces development time for new crypto applications: With its comprehensive infrastructure and rich functional modules, developers can quickly build their application frameworks based on Inclusive Layer, avoiding the cumbersome development process from scratch, thus greatly shortening development cycles and accelerating time to market.
- Token liquidity network: After accessing Inclusive Layer, developers and users can easily access a vast liquidity network supporting various popular tokens, whether mainstream cryptocurrencies or emerging token projects, ensuring ample liquidity for transactions and application operations.
From this perspective, Inclusive Layer is suitable for every Web3 developer. Whether in DeFi, GameFi, or various DApp applications, they can achieve one-click cross-chain deployment by using Inclusive Layer.
Official Flagship Cross-chain Trading Platform Caishen
On February 26, the first cross-chain product of the Inclusive Layer ecosystem, Caishen, was officially announced, providing users with a new experience in cross-chain trading. Users only need a single wallet. From now on, users can enjoy seamless cross-chain trading of over 5000 tokens with just one wallet, achieving free trading of any token on any chain, comparable to the smooth experience of centralized exchanges while ensuring low-cost and secure decentralization.
For example, Caishen provides a "one-click" cross-chain minimalist operation, allowing users to directly exchange ETH on Ethereum for JTO (Jito) tokens on the Solana chain, without needing to worry about gas payments, additional wallets, or complex processes, eliminating the headaches of cross-chain trading.
Currently, the private beta version of Caishen is open for applications, and users can participate in the testing application by submitting their email information.
Inclusive Layer Team Backed by Delta Fund and ConsenSys
The market's attention on Inclusive Layer is mainly due to the project being led by Kavita Gupta, founder of Delta Fund. As an early investor in the Ethereum ecosystem, she founded ConsenSys Ventures and participated in early investments in well-known blockchain projects such as Polygon, StarkWare, and BlockFi, gaining significant recognition in the crypto industry. Now, Kavita Gupta has publicly announced the new project Inclusive Layer, bringing with it a halo of attention.
Additionally, Blas Rodríguez Irizar, former Chief Technology Officer of Composable Foundation and a senior software engineer at ConsenSys, is also involved in the development of this project.
Inclusive Layer and its flagship cross-chain product Caishen are both incubated by Delta Blockchain Fund and supported by GSR and Borderless.
This article only introduces early projects and does not constitute investment advice.
