Saga Launches Mainnet 2.0 to Rework Blockchain Economics, Companions with Uniswap

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

Saga, the Layer 1 blockchain protocol to launch Layer 1s, right now introduced its Mainnet 2.0, setting the stage for a basic transformation in how the blockchain business approaches liquidity. The rising variety of impartial blockchains has created unprecedented challenges for liquidity administration and cross-chain operations. This main improve lays the muse for the Q1 2025 launch of Saga’s Liquidity Integration Layer (LiL), which can create a unified liquidity setting throughout all blockchain ecosystems. Combining LiL with a novel token financial design, Saga will be capable to automate bridge and routing transactions and remove fuel charges for customers interacting with DeFi merchandise on Saga.

Uniswap v3, the world’s main decentralized change (DEX), is deployed on Saga’s natively multichain protocol in a historic first – marking their inaugural app chain. Uniswap v3 is deployed on a Saga Chainlet and can allow a very gasless buying and selling expertise, eradicating one of many main boundaries to mainstream crypto adoption and demonstrating Saga’s new financial mannequin to make decentralized finance accessible to everybody. Saga’s LiL will allow simple and automatic asset motion from any ecosystem to the Uniswap

“Blockchain’s promise of economic accessibility has been held again by fragmented liquidity and prohibitive fuel charges,” stated Rebecca Liao, Co-Founder and CEO at Saga. “In the present day’s fractured panorama of appchains and L2s forces customers to navigate complicated bridges, handle a number of tokens, and pay unpredictable charges simply to finish primary transactions. With Mainnet 2.0 and our Liquidity Integration Layer, we’re making a unified setting the place liquidity flows freely between chains and purposes, customers by no means pay fuel charges, and builders can lastly construct with out constraints.”

“Deploying on Saga represents a strategic evolution for Uniswap, permitting us to discover new potentialities in multichain environments traditionally tormented by liquidity fragmentation,” stated Joe Bjornsen, Head of Uniswap Development Program. “This integration advances our mission to make decentralized buying and selling accessible to everybody whereas opening up unprecedented alternatives for the way forward for DeFi.”

Saga represents a radical departure from conventional blockchain economics. As an alternative of charging per-transaction fuel charges that create boundaries for customers and builders, Saga’s mannequin generates potential income by capturing a proportion of the full worth flowing by means of the community. This method permits:

• Fully gasless transactions for finish customers
• Elimination of complicated bridge programs and token administration
• Seamless motion of property between totally different chains and purposes
• True interoperability between blockchain ecosystems

To help the Mainnet 2.0 improve, Saga is working with two infrastructure companions:

• Evmos is offering the Ethereum Digital Machine (EVM) runtime for Saga’s chainlets, enabling native help for EVM tokens
• Squid Router is extending its token swapping and routing providers to Saga’s EVM setting

These partnerships help Saga’s improvement of the Liquidity Integration Layer, designed to remove fuel charges for customers whereas creating new alternatives for builders.

With Mainnet 2.0 now reside and supporting the Uniswap deployment, Saga is on monitor to launch its Liquidity Integration Layer in Q1 2025. The LiL will construct upon Mainnet 2.0’s foundational infrastructure to ship a complete answer for unified liquidity throughout blockchain ecosystems. Builders enthusiastic about leveraging Saga’s infrastructure can start constructing on Mainnet 2.0 instantly, with seamless integration into the LiL setting when it launches subsequent yr.

For extra details about Saga and its upcoming Liquidity Integration Layer, customers can go to www.saga.xyz.

About SAGA

Acknowledged as a number one developer ecosystem in crypto and web3 gaming, Saga is creating the developer setting of the long run. Its mission is to assist creators unblock themselves and construct the place blockspace is at its most plentiful and easy. Saga was based in 2022. Early seed traders embody Placeholder, Maven11, Longhash, Samsung, Com2uS, and Polygon. Initially constructed on Cosmos, Saga has furthered its presence by bringing sometimes disparate however the perfect ecosystems into its Saga Multiverse by means of ongoing strategic partnerships.

Saga Origins is the Saga sport publishing arm. Launched in March 2024, it goals to construct a portfolio of video games that may make gamers assume and really feel in new methods. Creatively, Saga Origins tasks are provocative, like web3, and the titles will push the envelope on what’s thought-about gaming on all fronts.

To be taught extra concerning the Saga protocol, customers can take a look at the web site, litepaper, and developer documentation. Becoming a member of Saga’s Discord and Telegram and comply with Saga on Twitter for the newest information and updates.