May 1, 2024, Zurich, Switzerland — As the Web3 ecosystem continues to evolve, seamless cross-chain liquidity migration has become a critical need. The one-click migration solution jointly developed by Enso, Stargate, and LayerZero is about to drive the migration of up to $3.5 billion in liquidity to Unichain, which will redefine the industry standard for cross-chain asset transfer.
As a leader in blockchain quick interaction, Enso is teaming up with top interoperability protocol LayerZero and the largest unified liquidity layer Stargate to plan the largest asset migration action in Ethereum history. This plan will invite Uniswap v2/v3 liquidity providers (LPs) to migrate their positions from Ethereum and other EVM chains to Uniswap v4 on the Unichain network with a single click.
Traditional cross-chain migration requires a complex process of up to nine operational steps, and this friction cost makes it difficult for most LPs to enjoy the advantages of Uniswap v4. Enso's innovative solution compresses the process to a single click, achieving a one-stop operation for cross-chain liquidity bridging and redeployment.
This breakthrough solution embodies the technical collaboration of three parties: Enso is responsible for building the DeFi execution engine, Stargate provides native asset bridging support, and LayerZero ensures secure cross-chain message transmission, collectively guaranteeing the security and seamless experience of liquidity migration.
Connor Howe, co-founder of Enso, stated: "Through the integrated solution we have built together with Stargate and LayerZero, we have completed the final piece of the liquidity migration puzzle. Uniswap LPs are about to trigger the most spectacular liquidity migration in Ethereum history with a single click."
Enso's infrastructure is designed to eliminate multi-protocol integration friction, capable of transforming complex multi-step transactions into "blockchain quick commands" that can be easily invoked by developers and end-users. The LP migration tool launched this time is the best practice of DeFi composability in the migration of billions of dollars of chain liquidity.
About Enso
Enso provides the fastest on-chain building and deployment solution. Its blockchain quick command system and execution engine allow developers to integrate smart contracts without manual intervention. All on-chain interactions are mapped to a shared execution layer, enabling users to focus on product innovation and ecosystem growth, rather than underlying complexity.
About Stargate
As a fully composable native asset bridging protocol, Stargate supports instant and deterministic transfer of cross-chain liquidity. Built on LayerZero, this protocol has connected over 50 blockchains, providing a frictionless interoperability experience for the DeFi field.
About LayerZero
As a leader in cross-chain interoperability infrastructure, LayerZero enables secure cross-chain transmission of data and digital assets. Its trustless cross-chain interoperability protocol has been adopted by top institutions such as Paxos, PayPal USD, and Google Cloud. Currently, it safeguards 70% of stablecoin market value and cross-chain message volume, protecting over $100 billion in asset value. Its OFT standard significantly simplifies liquidity management, eliminates asset fragmentation, and supports seamless integration of over 130 blockchains.
