ok, so these guys are building an universal state layer powered by @eigenlayer.
It will allow any chain to access any other chains. Basically, it will create intercommunications between every chain and asset. So a similar experience to CEXes but it will be onchain and decentralised.
Imagine being able to trade SOL memes using your ETH or BASE funds via Skate's universal DEXes.
Or think about deploying a token's LP on a Skate powered DEX. It means everyone from every chain would be able to buy the token and you won't need to provide liquidity on different chains for it, as the liquidity on Skate powered apps will be unfied.
This means:
- More efficiency for the funds usage.
- Less Slippage.
- More opportunities for the LP providers.
- Enhanced UX as it will be much easier for users to trade, using any chain they prefer.
It sounds futuristic, right? Well, it's happening with Skate.
We'll have to become universal degens soon :)