Cashmere is an omnichain-based project that adds layers to these technologies and optimizes capital efficiency in addition to decreasing associated risks by letting users be able to swap any single-sided assets between any chain without bridging. While maintaining omnichain swap, which allows for asset exchanges between 7 different chains due to interoperability cross-chain messaging protocol.
Cashmere is a unique application that has both a stableswap and an asset aggregator in one application at the same time. Stableswap uses Cashmere's own liquidity directly and becomes a Layer2 solution. On the other hand, the aggregator uses all liquidity pools in any network and offers the lowest slippage to the user.
How is that possible? Well, in Cashmere, assets to be traded on the source chain use the aggregator to find the best offer on the source chain, asset swaps to stablecoin, and stablecoin is locked on the source chain by Cashmere. With its own liquidity pools and interoperability messaging protocol, Cashmere allows users in the target chain to withdraw equal stablecoin from pools. The user performs the swap and gets its presence on the target chain.
This way makes the swapped asset MEV Resistant because it is performed using only cross-chain messaging without sending a cross-chain swap transaction.
Cashmere is an omnichain interoperability MEV Resistant DEX Aggregator & Stableswap on @LayerZero_Labs. Cashmere can swap any asset between any chain without bridging. There is no app on DeFi can swap any asset to any chain without bridging asset. Cashmere uses only Layerzero's cross-chain interoperability messaging service. Cashmere is the unique application that has stableswap and asset aggregator in one application at the same time. Stableswap uses Cashmere's own liquidity directly and becomes a layer2 solution. On the other hand, the aggregator uses all liquidity pools in all networks and offers the lowest slippage to the user.
Log in or sign up for Devpost to join the conversation.