Saga launches Mainnet 2.0 to rework blockchain financial system, companions with Uniswap

[PRESS RELEASE – USA, USA, December 17th, 2024]

Sagaa Layer 1 blockchain protocol to launch Layer 1, in the present day introduced Mainnet 2.0, setting the stage for a basic change in how the blockchain business approaches liquidity. The proliferation of impartial blockchains poses unprecedented challenges to liquidity administration and cross-chain operations. This main improve lays the muse for the Q1 2025 launch of Saga’s Liquidity Integration Layer (LiL), making a unified liquidity atmosphere throughout all blockchain ecosystems. By combining LiL with a novel token financial system design, Saga will be capable to automate bridging and routing transactions and remove gasoline charges for customers working DeFi merchandise on Saga.

uniswap v3, the world’s main decentralized change (DEX), is being launched to Saga’s native multi-chain protocol for the primary time in historical past, marking its first app chain. Uniswap v3 is being launched to Saga Chainlet, enabling a very gasless buying and selling expertise, eradicating one of many key boundaries to mainstream cryptocurrency adoption and making decentralized finance accessible to everybody. Display a brand new financial mannequin. Saga’s LiL ​​permits simple and automatic asset motion from any ecosystem to Uniswap.

“Blockchain’s promise of monetary entry has been hampered by fragmented liquidity and exorbitant gasoline charges,” mentioned Rebecca Liao, co-founder and CEO of Saga. “Immediately’s disconnected panorama of app chains and L2 requires customers to navigate complicated bridges, handle a number of tokens, and pay unpredictable charges simply to finish fundamental transactions. With Mainnet 2.0 and the liquidity integration layer, we create an built-in atmosphere the place liquidity flows freely between chains and purposes, customers do not should pay gasoline charges, and builders can lastly construct with out constraints. ”

“The addition to Saga represents a strategic evolution for Uniswap, permitting us to discover new prospects in a multi-chain atmosphere that has traditionally suffered from liquidity fragmentation.” Uniswap Progress Program Director Joe Bjornsen mentioned. “This integration advances our mission to make decentralized buying and selling accessible to everybody whereas opening unprecedented alternatives for the way forward for DeFi.”

Saga represents a radical departure from conventional blockchain economics. As an alternative of charging per-transaction gasoline charges, which is a barrier for customers and builders, Saga’s mannequin generates potential income by capturing a set proportion of the full worth flowing via the community. This method permits you to:

• Utterly gas-free transactions for finish customers
• Get rid of complicated bridge techniques and token administration
• Seamless motion of belongings between totally different chains and purposes
• True interoperability between blockchain ecosystems

To assist the Mainnet 2.0 improve, Saga is working with two infrastructure companions.

• Ebmos Supplies the Ethereum Digital Machine (EVM) runtime for Saga’s chainlet, enabling native assist for EVM tokens
• squid router is extending token swapping and routing providers to Saga’s EVM atmosphere.

These partnerships will assist the event of Saga’s liquidity integration layer. It’s designed to scale back gasoline payments for customers whereas creating new alternatives for builders.

With Mainnet 2.0 up and operating and supporting Uniswap deployment, Saga plans to launch its liquidity integration layer in Q1 2025. LiL is constructed on the foundational infrastructure of Mainnet 2.0 and offers a complete resolution for built-in liquidity throughout the blockchain ecosystem. Builders involved in leveraging Saga’s infrastructure can begin constructing on Mainnet 2.0 instantly and combine seamlessly into the LiL atmosphere when it’s launched subsequent 12 months.

For extra details about Saga and its upcoming liquidity integration layer, customers can go to: www.saga.xyz.

About Saga

Acknowledged because the main developer ecosystem for cryptocurrencies and Web3 video games. Saga We’re constructing the developer atmosphere of the longer term. Its mission is to assist creators unblock themselves and construct the place block house is most considerable and easy. Saga was based in 2022. Early seed traders embrace Placeholder, Maven11, Longhash, Samsung, Com2uS, and Polygon. Initially constructed on Cosmos, Saga has additional expanded its presence via ongoing strategic partnerships, bringing sometimes disparate however best-of-breed ecosystems into the Saga Multiverse.

Saga Origins is the sport publishing arm of Saga. Launching in March 2024, we goal to construct a portfolio of video games that make gamers suppose and really feel in new methods. Creatively, the Saga Origins challenge is as provocative as web3, with the title pushing the boundaries of what’s thought-about a recreation in each approach.

For extra data on the Saga protocol, customers can take a look at: Website, light paperand Developer documentation. Be a part of Saga discord and telegram And please comply with Saga Twitter For the newest information and updates.